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
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
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: Mallikarjun Reddy Pateel

Mallikarjun Reddy Pateel has started 44 posts and replied 115 times.

Post: Help with First Wholesale Deal

Mallikarjun Reddy PateelPosted
  • Investor
  • New Jersey
  • Posts 121
  • Votes 33

@Adan Cordova

Thanks man! that was helpful

Post: Commercial Real estate Agent

Mallikarjun Reddy PateelPosted
  • Investor
  • New Jersey
  • Posts 121
  • Votes 33

@Charles Kao

So we have Commercial team in Our office, I’m having conversation with them to join.

Do u think of any Possibilities that I can close a deal in my first 3 months?

Wow you spend $13,000 on a deal curious to know what kind of property is that and why that much money involved?

Post: Commercial Real estate Agent

Mallikarjun Reddy PateelPosted
  • Investor
  • New Jersey
  • Posts 121
  • Votes 33

@Bruce Lynn

Hey bruce thanks for Your Reply, I definitely wants to be on the Sales side. we have a Commercial team in Our office. they told me to Learn Financial Modeling before Joining the team so I'm on it.

my Mindset always thinks Big Goals, even though I'm a newbie to Realestate I want to go after Big Projects as a Agent. alongside I'm Planning to Get into Personal Real Estate Investment using Different Strategies(Wholesaling multifamily, Creative Financing). what advice you have for me? 

I'm very well Versed with Technology & Social Media. Very good at Generating Paid Leads on social Platforms. How soon do u think I can close a Deal? tryig to focus on Investment Sales. trying to Go after Multifamily

Post: Commercial Real estate niche

Mallikarjun Reddy PateelPosted
  • Investor
  • New Jersey
  • Posts 121
  • Votes 33

What’s your Commercial Real Estate Niche?

What made u pick that Specialty?(hotels/warehouse/multifamily/ retail stores)

Post: Commercial Real estate Agent

Mallikarjun Reddy PateelPosted
  • Investor
  • New Jersey
  • Posts 121
  • Votes 33

I Recently Got my New York State License. I feel Like my Strengths are More aligned towards Working Commercial side, I’m very Analytical Person. I’m a Agent with Keller Williams

. What advice you have for me?

1. How do you Lead Generate for Commercial Real Estate is it same as Residential or anything Different?

2. What skills should i Improving?

Post: Help with First Wholesale Deal

Mallikarjun Reddy PateelPosted
  • Investor
  • New Jersey
  • Posts 121
  • Votes 33

@Jason Hopkins

Thanks that was Really helpful!

Isn’t it Wholesale Deal is I get into the Contract with a Option to Assign my Contract to the Cash Buyer/Investor.

Why do i need Capital in this Transaction?

Post: Help with First Wholesale Deal

Mallikarjun Reddy PateelPosted
  • Investor
  • New Jersey
  • Posts 121
  • Votes 33

@Jonathan Greene

Yeah I have No experience, That’s why I Posted here asking for Help, How to Analyze? What are the Steps to take

Not to being Judged I have no Experience I shouldn’t be get Started

Post: Help with First Wholesale Deal

Mallikarjun Reddy PateelPosted
  • Investor
  • New Jersey
  • Posts 121
  • Votes 33

@Brent Coombs well Wholesale is not my Ultimate Goal, thats one of the Strategy I’m Referring to.

Post: Help with First Wholesale Deal

Mallikarjun Reddy PateelPosted
  • Investor
  • New Jersey
  • Posts 121
  • Votes 33

@Jonathan Greene

That’s a Good Point. I thought about that!

my main Goal from this Deal is to Understand the Dynamics of this Game, learn how to Navigate.

in that Case How do i Identify the Red flags?

Post: Help with First Wholesale Deal

Mallikarjun Reddy PateelPosted
  • Investor
  • New Jersey
  • Posts 121
  • Votes 33

Hello I’m New to RE Investing, Please Help me out of my First Deal.

I find this Property on MLS Listed for $399000

I Submitted an Offer through Online for $300000 Just to give a Shot.

this Place needs Little Renovations. Floors are Recently Installed. 3 Floor 3 Bed Apartment with a Nice Backyard in a B+ Location.

Comps were Sold about $530k & $599k. Sounds Like a Good Deal to me.

The Agent Replied to me to have a Conversation. I used Double dip Strategy to Present that Offer.

Moving Forward How do I Approach the Agent? What Should I be Doing? Please help me, as First Deal gets Some momentum. Thanks!!