All Forum Posts by: Jaspreet Baveja

@Mathew Mazoch - What's your goal? Passive income? There are enough turnkey operators out there for that. I don't see how paying an annual "fee" would help you. There are avenues other than owning properties to generate that in RE as well. Like, Notes / Private Lending etc. Maybe check those out instead?

@Thomas Liberatore - you're welcome to DM me and we will definitely schedule a time to chat! Appreciate it.

@Van Hai Nguyen - Sorry to hear that Van. I'm not sure how bad the situation is, where the property is, or if you even want / need help, but if you do, please feel free to either explain further in this forum or reach out directly. Best of luck. Due diligence is most definitely KEY to any investment, whether all by yourself, with partners, as a lender, equity partners, Limited Partners or heck even stocks! Again, sorry to hear it...

@Jason Brown & @Joe Palmer - If you guys want to have a short call to go over some low $$ amount notes, and possibly walk through the process and due diligence, feel free to schedule a time to chat. My calendly link will be available through a DM. I have been in the Private Lending space for a few years now and originate Notes in Indianapolis all the time. (Approx 100 notes with 0% default rate so far). I have now gotten access to a few Performing Notes at a discount, anywhere from under $10k to over $150k! I think starting with a smaller dollar amount while learning the process and documents involved would probably be the best learning experience, as you will hold a performing Note at the end of the "education"! Of course we would leverage a Title Company and escrow etc, with ample time to review the docs & get comfortable with it... Look forward to hearing from you guys and best of luck either way!

As a fellow PML, I think that strategy so far has got me the BEST (by far) returns based on level of effort and risk and headache! I don't lend rehab costs for any projects, so, as long as you fund the purchase, and it's a conservative LTV (regardless of LTP), you should continue to do well. If you ever want to expand your PML'ing into other markets, I have been able to create an amazing team of lawyers, brokers and worst case, GCs etc to help me manage a loan from BPO to finish. I have been able to maintain a 0% default rate over the last 2 years in over 100 loans, 95 completed so far! Would love to chat whenever you're ready!

@Nick E. - cool approach! If you're done in July and want to harvest/make wine during July - Dec... Not sure it makes sense to have a deal in the pipeline. I would use this time to network, build rapport, investigate any possible investor/ partner, let them get comfortable with your track record, pick markets, build/leverage connections to start building a team (realtor/broker, GC, handymen, etc), draft legal agreements and bank accounts etc and then be ready to move as soon as you're free in Dec / Jan. Just my $.02! Best of luck. After successful and not so successful flips out of state, I can tell you that the TEAM in place is KEY to success, even with a reliable Project Manager... (you - in this case it seems like)

@Jack Mackie - Congrats on being this far ahead of the curve! I would say that if you're able to build a portfolio that will support itself, allow for appreciation and still cashflow, you should definitely do it! The fact that you inherited it, definitely is giving you a boost, and nothing wrong with that! If you ever wanted to go to a more passive income stream, whether it be leveraging your own saved cash or by borrowing against the equity in the inherited SFH, you should STRONGLY consider being a Private Lender instead. If you ever wanted to explore that option, especially into lower end properties to build a comfort level, within US based properties, please feel free to reach out! I've worked with Intl investors before in these assets with great success. Even my father leverages equity in his own home at 4% to invest through my network at over 10% returns and that's the power of equity arbitrage! Best of luck guys and keep growing! Family size and Portfolio ;) :)

@Duarte Sousa - Also depends on what your passive approach is? If you setup a marketing campaign to buy properties for yourself, and a network of other investors alongside, then you can keep the ones you like and sell the rest off as "wholesale" deals to recoup your marketing expense. You can also act as a private lender to other investors, help them buy a property for a short duration, till they can rehab and refinance you out of it (6 to 12 months in most cases). Feel free to reach out and let's chat!

@Terri Sarappo - Great job in building that equity while cashflowing for years! I would say 1031 into something bigger and better, or multiple smaller multifamily assets in a market like Indianapolis. If you ever want to explore it further, please feel free to connect! There are even FB groups I could recommend to learn more about that market. Leverage a reputable Property Management company and probably better cashflow than CA with fewer tenant friendly laws to deal with. I even act as a Private Lender in Indy to help me generate some very secure passive income without any tenants or property headaches! Again, welcome to reach out anytime if you'd like to discuss further. Best of luck!

@Steven Chen - I would say that 1st of all, congrats! 2nd, as @David M. Mentioned, talk to a CPA about your CAP Gains and if Real Estate would even work to help out there. I don't think that your Passive income (Real Estate) would allow the offset of your Ordinary Income / Short Term Cap Gains. If the answer is a legitimate Yes, then find out what qualifies, and accordingly, many of us would be able to help. No point wasting energies on refining a strategy that might not even work out in the end, at least not the way you intended! Best of luck!