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All Forum Posts by: Shiv Gettu

Shiv Gettu has started 17 posts and replied 32 times.

Post: Building a Team in Atlanta

Shiv GettuPosted
  • Posts 33
  • Votes 3

@Mitch Messer so nice to connect with a fellow Trojan! Thanks for the message and I'll connect with you on BP! FIGHT ON!

Post: Building a Team in Atlanta

Shiv GettuPosted
  • Posts 33
  • Votes 3

Hi everyone,

I'm looking to invest in Atlanta for Buy and Hold (BRRRR) and wanted to seek the BP communities advice on recommendations for Real Estate Agents, General Contractors, and Property Managers. Someone with whom you've directly worked with or heard is a rockstar in the area. Thanks a ton!

Post: Lender referrals for 100k property in Fresno, CA

Shiv GettuPosted
  • Posts 33
  • Votes 3

Hi everyone,

I'm looking to purchase a Duplex Fixer Upper in Fresno CA for around 90k, with 40k in Rehab (likely self-funded, but open to lenders who fund rehabs) . I'm looking to put down 20-25%, and am in search of a lender who is well suited for investment properties of this sort and can close deals fast! Does anyone have any recommendations? I currently reside in the Bay Area if that is relevant. 

Personal info: My credit score is 780+ and DTI is well below 43%. Mainly looking for someone who is reliable, can close fast, and is experienced in investment properties like the one mentioned above.

Thanks a ton in advance! :)

Hi everyone,

I'm looking to do some Flips in the Bay Area and wanted to reach out to the BP community to see if you guys have worked with any Real Estate Agents experienced with Investors and in this niche? Open to all referrals and thank you in advance!

@Dan Bryskin

Thanks Dan for all those questions! Would it be okay to ask the seller about the inspection reports etc. before I make an offer? What is the protocol in terms of how much info I can get from the seller before making an offer? I understand there is a period of time after an offer is accepted to do due diligence. Forgot to mention this would be my first deal! 

Hi BiggerPockets Community!

I have a property that I am looking to purchase, and I would like the community to tell me what they think.

What: A fixer upper Duplex in Central California (buy and hold)

Context: I attended a local REI meetup a few weeks ago, and was approached to purchase a property from a local Real Estate agent and Investor. He is pretty experienced investor with 10+ years of experience. He said he had a property that he was looking to get rid of. He says he is "too busy to deal with this project being too far away from me and too small of a deal for me to concentrate any effort on". He bought the property for $125k in 2016 and is willing to sell for $90k. It is in pretty bad condition (I can post pictures)- he said it would need around 30-40k in rehabs. He said it can be rented for around 700-800 per unit. 

Questions & Concerns: 

1. It kind of concerns me that he bought it at 125k and is selling for 90k a few years later. According to Zillow, he's been trying to sell it for a few years now (he keeps lowering the price), but it isn't selling. Any thoughts on why it's so cheap and why it may not be selling?

2. What am I missing? What else should I look into to validate the deal and make sure I'm not getting dumped a bad property?

3. What else should I be asking the seller?

If you need more info, or have any additional questions please let me know! Thank you all so much :)

Post: Estimating Repair Costs and CapEx

Shiv GettuPosted
  • Posts 33
  • Votes 3

Thanks so much @Matt Schelberg and @Ned 

@Ned Carey! Matt your CapEx explanation makes sense. How would I get these numbers for each property when searching dozens of properties each day? It just seems too tedious and subject to high variance to figure out the CapEx/Repairs for each property individually without coming to some generalization. Do people just generalize when searching for properties then?

Post: Estimating Repair Costs and CapEx

Shiv GettuPosted
  • Posts 33
  • Votes 3

Hi everyone!

I'm a new investor and wanted to get a better understanding of how to accurately assess costs. I've been using the BiggerPockets calculators to run numbers, but my one concern is: how do you vett the accuracy of your numbers? 

For instance, how would I get an accurate estimation on CapEx fees if I am just looking at the listing online, and how do you precisely differentiate between different CapEx fees? Or the Repairs and Maintenance costs of each house? I know it probably varies based on the parameter "Age of property", but it still seems very subjective and difficult to get accurate estimations on some of your numbers.

What do folks do to ensure accurate estimations regarding CapEx, Repairs and Maintenance, Vacancy rates, and ARV?

Thanks a ton in advance :) 

Post: Full time Consulting Job and Real Estate

Shiv GettuPosted
  • Posts 33
  • Votes 3

Thanks @Hattie Dizmond! Gotta do what's necessary to make the dreams come true!

Hi @Junior  

@Junior Soaresundefined thanks so much for sharing all of this. I’m in a very similar position as you, only one year later. I too live in the Bay Area and resonate with what you say about the naysayers. Would I be able to PM you? Thanks very much and hopefully hear from you soon!

Shiv

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