All Forum Posts by: Pavan Sandhu

Anyone have experience going through this ?

sup guys,

I had my eyes on this 4 plex, did my research, ran the numbers, walked, biked and drove around this place, fell in love with this space but had no chance at this place. Seller's agent won't allow any showings until the 3rd. I have a chance on getting in there on the 1st but no guarantees. 

Property is selling for 375k probably needs 50k in repairs. Could serve as a rental or a fix and flip. Either way buyer is going to make bank. (1k easily a month in cash flow (before any repairs & after 2500k+) & if sold within 6-12 months would net 49k+). I low balled all my numbers and ran the calcs and compared comps.

There are multiple people after this deal and i am sure it will sell for higher than listed. Either way, whoever purchases it will make there money back.

Thinking to competition may be too tough. I've tired some other things like looking up the seller and trying to cross paths somehow but don't know if i can get ahold of him or if he'd even hear me out.

I've been sleeping on this for the past few days. Just wanted to share my story.

-Thank you,

Pavan

Tip: Do your homework.

Personally found a great 4 plex. That I'm going to try to 203k it. Think it may be a hot property so I'm always talking to a few a hard money lender. Looking for a contractor or two to walk the property with me only problem is we can't go inside until 9/1. Hoping new landscape, paint and other misc stuff is all I need. Finding out about the roof will be a big factor. Ran the BP CALC today and am feeling good.

I found a 4 plex. Analyzing it now in south sac/oak park area. Love the neighborhood and the potential. I'd strongly consider "house hacking" it. Can go FHA but would be open to crowdfunding/private lending if the numbers work better (no PMI). Property is for about 350k. Trying to go over all my options.

I look up properties for sale on loopnet and they usually have limited information. Other than emailing the broker and pulling a property profile (from a title company) is there another way to get more information? Rather than using pro-forma numbers i'd like to get straight to the actual numbers.

How do you guys analyze deals? I am looking in markets near me so i am driving/walking around the neighborhood to get a good idea of what the demographics and potential is like.

Looking to master analzying deals which can in turn make it easier to obtain financing and possibly wholesale properties.

Would anyone in the Sacramento/Natomas area like to get together on analyzing deals?

Hoping to get my second property before year's end.

Originally posted by @Al Williamson:

@Pavan Sandhu, @Hamid Aziz

Welcome to BP, a group of us, SF and MF investors meet up from time to time in Sacramento. If you'd like to join us, sign up at guildsummit.com to get notifications.

 When is the next sacramento meetup?

If the property is over 5 units. Why not explore an SBA 504 loan? You can potentially only come in with 10% down if the seller would carry 10%

Hamid Aziz yea man send me an email

Hi guys! My name's Pavan Sandhu. Find me on Twitter at @pavdeepp I use it more than any other social media. I am a big believer in entrepreneurship, very interested in Tech and innovation. Not a coder or developer but someone who's fascinated with business and making money. The Internet makes anything possible and one day soon id like to be able to travel and work from my laptop. Freedom based lifestyle. I've bought online courses and consumed a ton of content. Tried a bunch of things and they weren't as successful as I had hoped. Now am focusing my efforts to learn everything possible about RE investing, multi family and cash flow. I'd love to meet people close to Natomas. It'd be great to meet some folks that have been doing it for a while. I have a lot to offer. Energy, consistency and expertise in banking. Current work in Commerical lending for a local credit union. Also going to be selling my house and ideally find some property in west sac, woodland, rio Linda, Elverta, or Natomas. Goal is to learn and make some dough.