All Forum Posts by: Akshay Bhaskaran

Me and my wife are Residential Real Estate Investors for the past couple years. We have couple turnkeys, and couple of BRRRs that we did so far (all are single family residential properties with long-term tenants).

We are interested in exploring commercial real estate, and wanted to get all of your help in getting started. 

Some basic questions to start with:
1. Is there something like off-market commercial deals where I can search them (like Investorlift or New Western for residential) ? 
2. I did check Loopnet and it's all listed for sale by brokers and agents, so I don't think it is off-market -- right?

TIA. 

Looking for an experienced RE Attorney in Georgia to help us with structuring (protecting) our real-estate assets. 

Hello BP Community,

I'd like to connect with you to get your knowledge and experience on any of your BRRRs in Ohio. It can be anywhere in OH -- Cleveland, Columbus, Akron, or anywhere, and here's what I'm specifically looking for:

1. What are some of the cities in OH that you would recommend to invest? Cleveland, Akron, Columbus is all I know.
2. I've always had an assumption that OH is a Ca$h Flow market and not an Appreciation market. I mean, once we get off-market property and do some rehab, we can force appreciate it, but what about the later natural appreciation?
3. When you invest in OH, I've heard some good schools, and some decent employers like Progressive, Cleveland Clinic etc. -- but, which one would you choose and why? Coz Strongsville has good schools, but less employers. 

Looking forward to getting some great guidance from you all on getting my BRRR started in Ohio.

Quote from @Guy Gimenez:

1.  You don't mention how many "deals" you've done as an investor and how successful they were financially.  

2.  You don't mention how many "deals" your wife has closed for clients and how successful they were for the client. 

3.  Experience will matter to some of customers, so you'll have to be specific about your history and success. 

Got it. Yeah, we are VERY new to the game compared to other veteran investors in this game. That's a point to be considered. But, for a person who's done ZERO deals, a person who's done FOUR deals would be little higher and they'd be willing to take a guidance from. So, our target audience is people who have cash, but unable to pull the trigger coz they're scared and don't know anything about where to get started. So far, met people like this a lot. They have the money, they have time, but not pulling the trigger -- now that's our target. 

Quote from @Chris Clothier:

Quote from @Akshay Bhaskaran:

Quote from @Chris Clothier:

Quote from @Akshay Bhaskaran:

Hello everyone,

My wife is a licensed real estate agent in Texas and she is under a brokerage. I am an Investor in RE doing single-family residences (Turnkey, and BRRR). We both are into real estate for the past couple years, and she's closed some deals for her clients. We were thinking about starting a Real Estate Consulting in a very small scale.

We are doing this already for her clients where she finds properties and deals, negotiates with the seller/builder (if new construction), and helps them get a good offer. From my part, I analyze the property's location, neighborhood growth, appreciation factor, the average rents using some paid tools, and crunch some numbers for them to let them know the CoC return, cash flow, and more etc. If they want an off-market property, I even built a BRRR calculator that they're using to feed-in the numbers from the 'B'uy all the way up to the final 'R'efinance part.

Since we are doing this already for our clients, is there a probability that we could do this officially and legally? We have an LLC registered but haven't had much activity in it, so I was always thinking of starting a small-scale Real Estate Consulting where we could offer the afore-mentioned services for a minimal fee. (Definitely not 4-digit-$$)

Need your honest thoughts and inputs on this :) 

 You will need to bring more to the table for this to be a service that investors find valuable.  What you describe is what the best agents have been doing for years.  They dive deeper into niche services by providing in-depth analysis from a high-level and experienced point of view.

I see your biggest obstacles as a lack of experience and background as investors and the perception that these are services your wife should already be offering as the licensed agent.

Given those obstacles, what differentiates your service?  What makes you special?  Why should an investor pay attention to your data or trust your analysis?  This is a very crowded space now, and what you've described is not particularly unique.  In my opinion, you need something that instantly earns someone's trust. Investors need a reason to trust you and know that you are not simply charging for something they should already expect when hiring a great agent with experience working with investors.

Thanks much for the wonderful advice. Yes, I do agree that this niche is getting crowded now and we’d need to stand out to be looked at. Thanks, appreciate it 

 Feel free to use your thread as a sounding board.  Happy to go thru what unique offerings you could bring to the table.  Bottom line is you are investing, which does give you some separation.  The question is how to position yourselves in a unique way that people value.

Best of luck - Chris

 Sure, will do, thanks man, appreciate it. 

Quote from @Chris Clothier:

Quote from @Akshay Bhaskaran:

Hello everyone,

My wife is a licensed real estate agent in Texas and she is under a brokerage. I am an Investor in RE doing single-family residences (Turnkey, and BRRR). We both are into real estate for the past couple years, and she's closed some deals for her clients. We were thinking about starting a Real Estate Consulting in a very small scale.

We are doing this already for her clients where she finds properties and deals, negotiates with the seller/builder (if new construction), and helps them get a good offer. From my part, I analyze the property's location, neighborhood growth, appreciation factor, the average rents using some paid tools, and crunch some numbers for them to let them know the CoC return, cash flow, and more etc. If they want an off-market property, I even built a BRRR calculator that they're using to feed-in the numbers from the 'B'uy all the way up to the final 'R'efinance part.

Since we are doing this already for our clients, is there a probability that we could do this officially and legally? We have an LLC registered but haven't had much activity in it, so I was always thinking of starting a small-scale Real Estate Consulting where we could offer the afore-mentioned services for a minimal fee. (Definitely not 4-digit-$$)

Need your honest thoughts and inputs on this :) 

 You will need to bring more to the table for this to be a service that investors find valuable.  What you describe is what the best agents have been doing for years.  They dive deeper into niche services by providing in-depth analysis from a high-level and experienced point of view.

I see your biggest obstacles as a lack of experience and background as investors and the perception that these are services your wife should already be offering as the licensed agent.

Given those obstacles, what differentiates your service?  What makes you special?  Why should an investor pay attention to your data or trust your analysis?  This is a very crowded space now, and what you've described is not particularly unique.  In my opinion, you need something that instantly earns someone's trust. Investors need a reason to trust you and know that you are not simply charging for something they should already expect when hiring a great agent with experience working with investors.

Thanks much for the wonderful advice. Yes, I do agree that this niche is getting crowded now and we’d need to stand out to be looked at. Thanks, appreciate it 

Hello everyone,

My wife is a licensed real estate agent in Texas and she is under a brokerage. I am an Investor in RE doing single-family residences (Turnkey, and BRRR). We both are into real estate for the past couple years, and she's closed some deals for her clients. We were thinking about starting a Real Estate Consulting in a very small scale.

We are doing this already for her clients where she finds properties and deals, negotiates with the seller/builder (if new construction), and helps them get a good offer. From my part, I analyze the property's location, neighborhood growth, appreciation factor, the average rents using some paid tools, and crunch some numbers for them to let them know the CoC return, cash flow, and more etc. If they want an off-market property, I even built a BRRR calculator that they're using to feed-in the numbers from the 'B'uy all the way up to the final 'R'efinance part.

Since we are doing this already for our clients, is there a probability that we could do this officially and legally? We have an LLC registered but haven't had much activity in it, so I was always thinking of starting a small-scale Real Estate Consulting where we could offer the afore-mentioned services for a minimal fee. (Definitely not 4-digit-$$)

Need your honest thoughts and inputs on this :) 

Quote from @Nikitha Gullapalli:

Great Job Akshay. Congratulations.

May I ask which state/zipcode is this property?

It is in Texas. Kyle is the city. 

Quote from @Alex Gurvitz:

Sounds like you got a great deal! Congrats!

 thanks man!

Quote from @Abbas Mamdani:

Great job Akshay. How was the as-is value calculated? Appraisal?

 Yep, appraisal.