All Forum Posts by: Kunal Mishra

Thanks @David Dachtera This eventually to name a S-Corp that i am in the process of forming. 

@Jay Hinrichs certainly is a big developer

Thanks @J Scott

Definitely not going for the "Custom home Builder" 

I did work with engineering and the site planner but again did really develop a big area or a lot. Everything was there and I built the home and continuing to do so. i think I am few more years away from the true "Developer" definition that you used. 

Hello BP friends,

I have been flipping homes in Northern NJ for a few years now. Done very quick minor fixes to additions to complete gut to knock downs.

I am sure other flippers have similar experiences, so my question is are we Developers or Builders?

I don’t own the construction company, instead work with two GCs and subcontractors with whom I have developed a nice relationship.

The question is coming as I am planning to set up a Corp and planning to start branding my product, which in this case happens to be a fully rehabbed house.

Some google searches are defining Developers as the one who defines a big area or land into lots , runs the utilities and sewer system. Builder is the one who comes and purchases the individual lot(s) and then builds a house, ok I see myself as the latter guy but I don’t own the construction company still can I be called as a Builder?

Or we are just "Flippers" period!!!

Hello BP friends,

I have been flipping homes in Northern NJ for a few years now. Done very quick minor fixes to additions to complete gut to knock downs.

I am sure other flippers have similar experiences, so my question is are we Developers or Builders?

I don’t own the construction company, instead work with two GCs and subcontractors with whom I have developed a nice relationship.

The question is coming as I am planning to set up a Corp and planning to start branding my product, which in this case happens to be a fully rehabbed house.

Some google searches are defining Developers as the one who defines a big area or land into lots , runs the utilities and sewer system. Builder is the one who comes and purchases the individual lot(s) and then builds a house, ok I see myself as the latter guy but I don’t own the construction company still can I be called as a Builder?

Or we are just "Flippers" period!!!

Hello BP friends,

I have been flipping homes in Northern NJ for a few years now. Done very quick minor fixes to additions to complete gutt to knock downs.

I am sure other flippers have similar experiences, so my question is are we Developers or Builders?

I dont own the construction company, instead work with two GCs and subcontractors with whom I have developed a nice relationship. 

The question is coming as I am planning to set up a Corp and planning to start branding my product, which in this case happens to be a fully rehabbed house.

Some google searches are defining Developers as the one who defines a big area or land into lots , runs the utilities and sewer system. Builder is the one who comes and purchases the individual lot(s) and then builds a house, ok I see myself as the latter guy but I dont own the construction company still can I be called as a Buulder?

Or we are just flippers period!!!

Hello,

I have financed my last few deals with an Investment Homestyle Renovation loan, I am looking for other lenders in NJ that have a similar program.

Looking for a 15% down on Acquisition + Rehab amount or just the Acquisition cost, anything works. This is only for a SFH in NJ.

I have a couple of offers and I am looking to finance soon.

Thanks

Kunal Mishra

Hello, 

I have financed my last few deals with an Investment Homestyle Renovation loan, I am looking for other lenders in NJ that have a similar program. 

Looking for a 15% down on Acquisition + Rehab amount or just the Acquisition cost, anything works. This is only for a SFH in NJ.

I have a couple of offers and I am looking to finance soon. 

Thanks

Kunal Mishra

@Mike Warder did you buy your two places as rental buy and hold ? did you go turnkey .. would like to know details if possible. I am looking into starting there and have been doing research.

@Igor Z. Just curious which cities are you investing in Ohio.

@Natalie Kolodij I think you are sought of on the right path but may be thinking too much at this point, I don't disagree on having multiple options, but here is how I would lay it down: (also I am not a big savy investor like other BP members, please don't hammer me on what I have to say :-) ) 

1. If you want to flip then yearly appreciation rates should not matter much, as that will be a short term investment anyways, you are going to hold that property for max 6 months, all you need is a sweet deal below MV where you are pour your love into it make it look nice and sell it for the MV or little over the current MV

2. Yes you would have more cash flow than Seattle but cash flow can mean different for different people

a. Are you just looking for a stable neighborhood with good tenants and constant positive cash flow with no appreciation - yes, there are such investors - are you this one?

b. Are you looking for an investment in a A grade neighborhood which does not give much cash flow , kinda break evens but has a potential of appreciation - yes, there are such investors - are you this one?

c. Are you looking for an investment in a C/D neighborhood with lots of positive cash flow and some risk , may be hand it over to a good PM company and have another set of eyes looking at your property - yes, there are such investors - in fact I think this is where majority of the investors belong - are you this one?

d. Lastly, do you want a nice cash flowing property in a B+ neighborhood with very nice tenants and gives your yearly satisfactory appreciation - Well!! there is a long queue for this and you need to be in line and may be get lucky , its not 2009/2010

I am planning to get started in Charlotte sometime soon so good luck to you!!