All Forum Posts by: Rahul Bhatt

thanks again
riginally posted by @Dominic Bouchard:

@Rahul Bhatt For what it's worth:

Californian are now allowed to use marijuana for recreational use in private place. (not in the street)

As for Federal laws, it is not legal to have a pot-shop (unless for medical patients). They will start issuing licenses for those in 2018.

Let me know if you need a lawyer referral.

Hope that helps!

 Originally posted by @Sean Walton:

Rahul since this site is mostly real estate investors I assumed you owned the space and were looking to rent it out. 

What are you trying to do. Rent a space and run a dispensary? Rent a space and grow cannabis or sublet to growers? Neither are legal on the federal level so you could go to jail.

You should probably talk to a lawyer and other who do what you want to do.

With that said you do still hear about busts so you could lose your property if it is caught up in a sting.

I am just renting space so how I can loose property ?

Originally posted by @Sean Walton:

I don't have any direct experience with this but here are my 2 cents

1. I imagine very passive if you do a triple net lease although growers are barred by federal law from getting bank accounts so your rent will probably always be cash. Make sure you aren't paying the electric bill. 

2. I think California is working out the legal framework for legal recreational sales. Read up on current medical cannabis laws.

Jeff Sessions is rabidly anti pot and was going around capitol Hill to try and get more resources to go after growers in states where it is legal and most congress people on both sides of the aisle told him to shove it. With that said you do still hear about busts so you could lose your property if it is caught up in a sting.

Yes California prices are higher but they are because ??? people wants to live here. they dont want to rent. if you are a landlord in Bay area most of the renters are looking to buy as of now as well they are waiting for right opportunity. 

Given my limited experience I want to ride both Keep investing in Cashflow and keep buying (when numbers make sense ) here locally. so diversify over time diversify location as well. again I am doing it because I live here if I move to place where cashflow is high I might just invest there locally



Originally posted by @Wilson Cheung:

It seems like many podcast hosts (including Josh and Brandon on the BP podcast) promote investing for cash flow instead of investing for appreciation.  I understand the economics and the strategies for positive cash flow.  However, speculating on appreciation could yield much bigger returns and in a shorter time frame.

For the San Francisco Bay Area (including the Silicon Valley), prices are continually going up even though many cash flow investors think that it can't go any higher.  I think that as long as the job market continues to grow, there will be continued demand, and thus the values will continue to rise.  Let's face it, Google, Facebook, Apple, and the like are not going to regress anytime soon.

I would like to hear what other investors are thinking... Cash Flow?  Or Appreciation?

Yes, I meant ROI 12%. Thank you for pointing it out.

This property is now in contract (sold in 2 days!!). Backup offers are welcome. 

I have more off-market listings coming up. Anyone wants to be on my email list for off market deals, pls let me know. 

what you want to do you want to be a succesful real estate agent ? or the investor ?
You can offer a lot of services to the investor here on BP and outside.

If you want to be an investor and than try to find what you like do do and what in realestate attracts you ? and go for it 

Hope it helps .Best Rahul

Originally posted by @Philippe Dela Cruz:

I've been listening to the BP podcast for a while now listening but is no longer enough, I want to see it!    I don't have any experience with investing or the buying/selling of houses but I am a licensed real estate agent and have been working in property management for 4 years in the East Bay.  To be more specific that is Oakland, Hayward, Fremont.  What I'm finding out is what I really need is the network, which is something I've never got the hang of.  I look forward to being a part of this world of deals.

@Account Closed

I just setup an impromptu event in San Leandro (and messed up the location so it doesnt show up in the list of events) for this Sunday at a Starbucks. Lets see who all can make it. 

https://www.biggerpockets.com/forums/521-events-an...