Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
Followed Discussions Followed Categories Followed People Followed Locations
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Jaspreet Baveja

Jaspreet Baveja has started 8 posts and replied 128 times.

@Bradley Ritter - I likely have partials with no minimum and rates above 8% on performing notes. I was about to go list them on exchanges for Notes etc.

Post: Exit strategies for Notes

Jaspreet BavejaPosted
  • Lender
  • Palo Alto, CA
  • Posts 139
  • Votes 90

@Luke Youree - I agree with @Brett Burky, depends on your investment strategy. Even I've got a few performing notes I'm looking to sell, and investigating all these platforms to do so.

@Brett Burky - I would love to know more about this "fund" that can help bring your IRR much higher on these Notes! Good luck guys!

Post: New Member in Michigan

Jaspreet BavejaPosted
  • Lender
  • Palo Alto, CA
  • Posts 139
  • Votes 90

@David Baldwin - Best of luck David! If you ever want to pursue a different investment opportunity, similar to a REIT, but you get the option to choose your terms and return rate, but way less work than an actively managed portfolio (which is what a BRRRR is), my strategy has been Private Lending the past couple of years and it is definitely something to consider!

Originally posted by @Kim Newman Kanney:

I am in the process of selling a piece of farm ground. I want to diversify as well as keep this money in tangible assets. I'm 62. All of our income at this point comes from pensions, annuities, etc.  Am I crazy to be considering jumping in to rental properties at my age? I would definitely hire a property manager. The financial advisors I've spoken with only want to sell me on investing in more annuities, life insurance, etc.

-------------------------------------------------------------------------------------------------------------------------------------

You are not at ALL crazy to consider Real Estate. If you want a more passive strategy, like my father has chosen to do at your age, you can invest in local Condos that have a majority of the bigger items covered (for a premium - HOA dues), and also do Private Lending! I have been able to help him get double-digit returns on his cash, across MANY private loans he has funded out of state, and it just goes towards your regular "Income" on your taxes, just like a bank's interest earnings on your savings account... A combination of the two, actively managing condos, and passive investing in Notes, can be a very passive and long-term strategy if you can find some well qualified borrowers who have a proven track record of doing at least 200 deals a year on average (which is my personal criteria)... Best of luck Sir! You're welcome to send me a direct message if you ever decide to pursue or at least investigate the Private Lending route!

@Rodney Burayidi - Glad to hear you've got this far! Congrats! I've dealt with Section 8 in Indy, and ended up just having to evict, rehab, and sold off my 4 duplexes. I still do a vast majority of my investing in Indy, but as a Private Lender instead now! I've got a good network of agent / HVAC / Electrical from when I need them for flips etc, so, feel free to connect if you ever need anything! I agree with the East Side! Might be a bit overcrowded now though, so, if you keep finding great deals, keep doing what you're doing man!

Post: How to find a gap funder

Jaspreet BavejaPosted
  • Lender
  • Palo Alto, CA
  • Posts 139
  • Votes 90

I have provided transactional funding and acted as a Private Lender many times... 90% of them were organic networking connections, but sometimes, I have gotten direct mail based on the investor reviewing HUD (Closing Statements) to look for Private Lenders and then reaching out... Not sure how LEGAL or expensive or proper it is... But I have seen it done! Heck, they even included a crystal clear copy of the HUD statement in the mailer one time! Best of luck!

Post: Where to preform Background Checks

Jaspreet BavejaPosted
  • Lender
  • Palo Alto, CA
  • Posts 139
  • Votes 90

I have always found Cozy.co to be an exceptional resource, from listing a rental with photos, to accepting applications, letting the tenants pay for the background checks by themselves on the online portal, and letting them see the report automatically, to lease agreements, free monthly rent collections and tracking deposits etc... It's all-in-one solution for FREE has been amazing! Best of luck!

Post: My Cash...is Worthless.

Jaspreet BavejaPosted
  • Lender
  • Palo Alto, CA
  • Posts 139
  • Votes 90
Originally posted by @Casey Roman:
Originally posted by @Joseph Cacciapaglia:
Originally posted by @Casey Roman:
Originally posted by @Joseph Cacciapaglia:

You could be a private lender, yields on private loans have jumped up lately. You could invest with a partner or in a syndication. You could invest out of state. Most of my clients are from a more expensive market. If you have cash, you can certainly get into the game. You might just need to get a little more creative.

This is actually what interests me the most. I'll be quite blunt...I am NO landlord. I have been in the past and I have also done AirBnb rentals and I find that my zero patience, zero brain-to-mouth editing function has severed me little in those realms. Joseph do you think I could get started in this with just $100k? Are there any education sources you recommend? I imagine the legal aspects are enormous and I'd like to start learning asap. 

Which "this" are you referring to, the private lending, syndications, or partnering? $100K should be plenty for any of those strategies. If you're looking for the most passive method, then I'd look into investing in others syndications. There's a book in the BP bookstore called the Hands Off Investor. I haven't read it, but have read a lot of posts and articles from the author, and he seems pretty sharp. Or, just find a someone you like and trust that is investing, and offer to partner with them on deals or lend them money. In either case, consult a real estate attorney to write up the agreement. That will require more upfront negotiating on your part, but could potentially be more lucrative.

Apologies, the "this" as in regards to private lending. 

Hey man, THIS, Private Lending, would be your BEST option to hedge your bets, not deal with any tenants, and leverage the experience and expertise of a well-seasoned investor/corp/entity that knows it's market well. This has been my strategy for the past almost 2 years, and is now generating 90% of all my income, 100% passive! Good Luck!

Post: New To Letting My Money Work For Me

Jaspreet BavejaPosted
  • Lender
  • Palo Alto, CA
  • Posts 139
  • Votes 90

Hey @Mike Gotti, Congrats on being this far ahead of the game already! I would say that if you're comfortable, have access to a trustworthy mentor who can guide you into the Stock Market investments, and you WANT that, you should definitely go that route!

Based on the fact that you're on BP, I would imagine you'd like to explore the RE space for better yield, short term (under 5 years) investments...? I have personally found that Real-Estate backed Private Notes / Loans are the most secure way to invest your funds for any duration you so choose, at an interest rate WAY better than the banks, or bonds, with monthly "dividends" and still secured by an actual physical asset! So, that's my $0.02... Best of luck!

Post: Becoming a Mortgage Broker

Jaspreet BavejaPosted
  • Lender
  • Palo Alto, CA
  • Posts 139
  • Votes 90

@Chris Mason - Love it!