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All Forum Posts by: Kanwar Sodhi

Kanwar Sodhi has started 38 posts and replied 199 times.

Post: Home Inspection

Kanwar Sodhi
Posted
  • Real Estate Agent
  • Chantilly, VA
  • Posts 245
  • Votes 61

@Ray Martzloff

Always get the home inspection done. ALWAYS.

Why? When you sell your place, you can use that to show new owners everything that was worked, show receipts and maybe they'll skip the home inspection when you go to sell.

Post: 70 percent rule on rental property.

Kanwar Sodhi
Posted
  • Real Estate Agent
  • Chantilly, VA
  • Posts 245
  • Votes 61

@Jay Mat

Focus on not so much a percentage but what you'll walk away with by the end of month after all income minus expenses and see if that number matches your goal

Post: Use cash flow to pay off my SFR rental or invest in the S&P 500?

Kanwar Sodhi
Posted
  • Real Estate Agent
  • Chantilly, VA
  • Posts 245
  • Votes 61

Cash is king, hold it unless you're putting it back in a tangible asset. 

#RichDadPoorDad

Post: Anyone closed on a property in the last 1-2 weeks?

Kanwar Sodhi
Posted
  • Real Estate Agent
  • Chantilly, VA
  • Posts 245
  • Votes 61

Hey @Grace A.@Grace A.

Closed on a home yesterday, biggest delays one may see is in appraisals or if the appraiser is ok with it, they are doing desktop appraisals.

@Grace A.

Post: What To Do With Money

Kanwar Sodhi
Posted
  • Real Estate Agent
  • Chantilly, VA
  • Posts 245
  • Votes 61

I just closed today with an Army reserve who bought a beautiful home today and currently helping a Navy officer purchase a house hack; buy something that numerically makes sense and run with it.

Post: Hard money lenders needed for New investor

Kanwar Sodhi
Posted
  • Real Estate Agent
  • Chantilly, VA
  • Posts 245
  • Votes 61

Have you reached out to 10 local lenders? The chance of you getting one would be high.

BP has a list now

Post: Difficulty finding investment lenders

Kanwar Sodhi
Posted
  • Real Estate Agent
  • Chantilly, VA
  • Posts 245
  • Votes 61

There are always lenders (investors) out there. 

Who doesn't want to constantly make money on good deals?

Post: Fixer upper or turn key for buy and hold investing?

Kanwar Sodhi
Posted
  • Real Estate Agent
  • Chantilly, VA
  • Posts 245
  • Votes 61

I would analyze a property (deal), see which exit strategy gives you more of what you're looking for and run with it

Post: How to escape the mindset??

Kanwar Sodhi
Posted
  • Real Estate Agent
  • Chantilly, VA
  • Posts 245
  • Votes 61

You need to read Rich Dad Poor Dad; it'll answer all your questions.

If you still have the same questions, you need to read it again until you understand it

Post: $26,000 Foundation Repair Quote

Kanwar Sodhi
Posted
  • Real Estate Agent
  • Chantilly, VA
  • Posts 245
  • Votes 61

Vertical Cracks: OK

Horizontal Cracks: Big problems

Get multiple quotes BECAUSE good companies have innovative, newer ways of fixing foundation issues

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