All Forum Posts by: Amit G.

@Andrew David Evans will do, Thanks! 

@Ross Denman your comments are really insightful and provide helpful perspective. You are right on with your point about raising capital thru flips for further investment in rental property!  So maybe I am on right track to start it out with flips, and further expand as you are suggesting.  I guess it is also in line with some of the comments, blogs I have read here to get expertise in one area before moving on to other niches. 

@Andrew David Evans I do have a mentor, but he has most of his experience with rentals, and is contemplating trying flips.  

I still need to get my team together, but I cant believe that I am already taking steps,  even though I am part of this community for less than a month and have no prior experience!  It makes you believe in yourself :)

@Tiffany S. Thank you. So as long as the contract terms are fair, flip might not be a bad idea. 

@Lee S. I really liked what you said.  It maybe that in the beginning you would want to try out how it goes and can take bigger challenges down the road.  I am thinking flipping might be a good start for me to get feel of things and considering that there is an more certain 'out'.  I'll make sure to educate myself enough to account for all costs involved before diving in! 

Could anyone also comment on what an ideal contract in this scenario should look like? 

@Mark Nolan

Do you know any specific podcasts that talks about it?

Hello fellow BP'ers! Like any other newbie starting out, I too have a lot of basic questions.  I am grateful to this community who likes to kick @$$ and make you get started. Its like having an older sibling that makes you learn things faster ;).   

So, in the quest of finding opportunities and trying to make sense of what niche is better suited for my passive style of investing (which I see myself as), I came across this GC who does everything, even maintain books.  He comes recommended by a very good friend of mine, who I could easily see as my mentor.

This GC guy wants to enter in a partnership (I don't know the detailed terms yet) and want to flip houses and was trying to explain the obvious to me that flipping is less risky than to maintain a long term renter and dealing with their hassles on almost a daily basis, making small profits for a longer duration compared to profit up front (if we really could make that happen!). This kind of makes sense to me and I couldn't come up with any argument to support why rent or even BRRRR would be a better option. Now considering that the terms of partnership are such that I procure capital and he puts in the sweat money, and we split the profits. Do you see any cons with this approach?

Hello Kate, I am starting out fresh with REI and based on the various options i have researched so far, I feel that passively managing rentals would be what I would be interested in. I am looking at 4 units or less in a multi unit property in and around Harrisburg, Pa. Obviously with good deals. Would appreciate any leads you can pass along. Mostly interested in looking at units in capital district or nearby areas that gets good renters if not the best.

My first post here. I recently came across BP by accident but got hooked instantly. I am not sure if its a good suggestion and applies to all kind of investment properties or not, but I have always had this thought of offering cleaning services to tenants (split between investor and tenant). Serves the purpose of keeping your house maintained and if you can negotiate with cleaning company, you can make some profit from it.