All Forum Posts by: Ben Bakhshi

Monday, April 7, 2014

Event will be in English and in Hebrew

Link to Meetup: Let's Talk: Managing Repairs, Taxes for Israelis, and Q&A

We now have 72 bonafied members at Meetup.com, and we are growing every day. Sign up for our club on Meetup.com and RSVP for our upcoming free event.

Our meetups are hosted by me, Ben Bakhshi, and are geared towards:

Education

Networking

No "gurus" selling information.

My goal is for everyone to come out of the event with new knowledge that they can use to make more money or save time in their deals.

I'm looking for consistency in the type of report, as well as a potential discount if I order inspections in high quantity.

Are there any options that let me send a list of address and get a good quality inspection on properties? Or do I have to find local companies for each property?

Thanks.

Epic post, submit it to your blog!

@David Bennett , can you update us with your property management company? How has it worked out for you, can you give us a referral?

It is easy pretty easy to lose $15 a month :)

Yes, you are paying down your mortgage, but perhaps you haven't had any serious repairs yet, that will cause you to be be even more negative.

The consensus around the BP Nation is that you should be seeking out properties that have a good profit every month, some like $100 per door, others want to earn 10, or 20% per year on the properties value.

Not all property managers are made the same, not all tenants are made the same.

You can have hundreds, or thousands of properties owned and managed, there are no limits.

Oh, one limit you will face is your ability to qualify for mortgages. You will breeze through your first 4, then 5-10 becomes more difficult. In some cases you will be able to reach 20 (sorry for the half info, I tried to look up the max number of mortgages that FNMA is allowing but couldn't find a definite answer). Eventually you will need commercial financing, which will be more expensive than residential mortgages. Of course, if you are buying all cash, then nobody gives a damn!

Will reach out to you Jeff.

One of few LEGAL duplexes in the area.

104 2nd Ave, Pitman, NJ 08071

Needs a full rehab, available to view, just contact me.

Accepting cash offers, might be good for some wholesalers in the area.

if you need help getting in touch with Israeli investors, let me know. I am in the center of Israel.

@Trevor Rutherford , please go here: Fat Wallet Finance - Best Balance Transfer Credit Cards

If you qualify, you can get 0% for up to 18 months with Alliant Credit Union. Most cards have a transfer fee, so you'll be paying around 3% interest total for 12 or 18 months.

There are two schools that we purchased, and will be renovating as condos. It is a historical area (tax credits) and we think we can bring a lot of value to the area by establishing anchors which will bring demand for the units we will have for sale.

Right now I am looking for agents, investors, wholesalers and homeowners to participate in our pre sale.