All Forum Posts by: Jaspreet Baveja

I've chosen a market that I invest in anyways, know the area, the values, brokers, realtors, wholesalers and GCs in as well. So, it makes it easy to evaluate the deal, the ARV (if any needed), and gain the comfort of knowing that I know what to do with the property in the HIGHLY unlikely scenario that I have to foreclose on it (none yet in over 40 lending transactions). I have also decided to help friends and family, and slowly expanding into other people now, on lending on such transactions. There are Notes / Mortgages / Personal Guarantees and a BPO (broker pricing opinion) to help mitigate the risks - as any other commercial lender would ask (like BofA, Chase etc). If you're at all interested in learning more about what kinds of transactions I've done or how I find them etc, perhaps a DM might be better? But, networking, market research, relationships, some level of faith, but a lot more upfront underwriting of the asset, the borrower, and the entity that you're lending to are the key things in mitigating risks to the highest level. Best of luck guys!

Hey @Michael Lopez, if you see how @David Neff talked about leveraging his 401k loan to invest in a short-term loan to walk away with double digit returns, you will quickly see the value in being a Private Lender. I too started with rentals and flips, all out of state, even did a Shared-Space AirBnb out of my own home with my wife & 2 YOUNG kids living in it, but eventually, have been able to quit my job by investing heavily into the Private Lending space. You act as the bank for other investors who will gladly pay you handsomely for that capital. It can be transactional (days), or short-term flip (weeks to months), or long-term financing for a rental they have! Either way, if you would like more information, please feel free to reach out. I wish you the best in whatever you choose to do with those savings and equity!

Hey @Sam C., were you ever able to find a good resource or started to lend your funds? Would love to chat!

Congrats @Pancham G.! Good for you man. I quit my FTE in May 2019 as well. I do my own Private Lending, invest in syndications. Been WAY better of a life doing this than a 9-5 and the time regained with my young kids and beautiful wife is priceless! Got to travel 9 countries this summer (drove through 7 of them myself) and what a blessing! Best of luck and would love to chat if you want to reach out!

@Travis C. - Could you please point me in the direction of your lender that helped with these cash out Refis? Would appreciate it. thanks!

Were you able to get a good feel for the market? I'm interested in Milwaukee as well, and would love to hear your experience.  Thanks 

Awesome to hear that Josh! Congrats and best of luck for the future... Hoping to be there soon enough as well!

Hey everyone... I am just getting started in this Real Estate investment, and will have a LOT of questions as I learn more... I have started listening to the Podcasts from 2013, talk to a close friend who uses this site regularly, own one SF home that I used to live in and now rent out, and also another SF that I live in with my wife and two beautiful daughters (1 & 3). Our risk tolerance is probably a little lower at the moment than when we didn't have kids, but still very interested in attaining financial freedom! 

I would love to get some tips around:

1) Attorneys - Should they be local to where you live, or where you want to invest? Typical fees to be expected if you want to have them write up contracts / deals etc?

2) Property Managers - Typical fees to be expected if you want to use them to find a tenant, and of course manage the move-in/move-out, and monthly rent collection etc

3) Out of State investment - I know almost everyone does it, but do you feel that I should travel out there at least once, and see the properties I'm about to buy, or do realtors give virtual tours, and help you out as much as they can to create a comfort level you need to buy it sight unseen?

4) How do you find the right realtor? Aim for a property manager that IS a realtor?

5) Setup a "trust" or LLC from the get go, or wait till I have a portfolio before I consider those things?

6) What set of professionals do I need on my "team"? Attorney / CPA / Bookkeeper / Property Manager / Realtor / Contractor / Handyman etc etc...?

Thanks for everything I've already learnt so far, super excited to continue learning, and hopefully be in a place one day when I can give back to this amazing community of like minded, helpful individuals!