All Forum Posts by: Vinod Krishnan

 Probably did.  But, then I reincarnated as a better me.  :-)

 Happy to connect.  I sent a message.

 Thank you!

 Thanks, Brandon.  Some examples being - a) almost lost a 25K deposit for a purchase because the private lender pulled out on the last day, b) almost ran out of money for interest payments, c) missed a property insurance renewal, d) really struggled to find financing for certain commitments - but, in the end we always found a solution.

My first deal:

2020 Nov - my realtor friend from another city presented a flip opportunity to me.  I ran the numbers and agreed to purchase site un-seen (trusted her judgement + pictures / videos + numbers worked).

2021 Jan - closed on it, JV-ed with a money partner and with a contractor (known to me)

5 bed / 2 bath / 1 acre / semi-rural bungalow / Petawawa, ON, Canada

162K PP / 70K reno / 30K financing, closing, transfer tax / 292K selling price

2021 June - Sold & exited

Made a 30K profit - split 3-ways.

While working on this, I signed for my second, third and fourth flips.  Many more projects since then.

Not exactly a new member introduction; this is a re-introduction.  I live in Toronto.  BP was my first step towards my investment journey.  I got busy taking actions, learning lessons, making relationships and working with mentors the past couple of years.  I realized that I miss hanging out with the good folks of BP and came back to do just that.  (I've been regularly listening to BP podcasts by David Greene and team, though).

I got inspired by everything BP, joined some mentorships, started buying rental properties, quickly did a pivot to flips, and has since flipped upwards of 20 properties since 2021.  Made some money, lost some money, learnt a lot of lessons, made a lot of connections, raised a lot of money - continued to pivot based on market conditions and regions.  Most (but not all) of my projects were in Calgary, Canada.  Now, buying my first flip property in Cleveland.

I just posted this to thank everyone for inspiring each other.  And, to inspire anyone sitting on the sidelines to start taking actions.  It is a bit scary on this side, I've had a couple of "near-death" moments but in the end I realized that there is a solution for every challenge.  As long as you don't give up and keep exploring problems and solutions, you'll be just fine.  Cheers!

Nice.  How much is the rent for each unit?

Thank you, @Frank Patalano.  Great to know these two possible options are available for me and anybody else in similar situations.  Encouraging.  Thanks, again.

I live in Canada; looking for investment in US. I have willing partners in US. I overcame the fear factor. I do analyze properties often and have found a few work-able ones. Thanks to bigger pockets, I think I have just enough knowledge to dip my toes in the REI world.

What is holding me back is the uncertainties over cross-border financing. I'm not sure where to start on that. Should I start an LLC in US with my partners? But then, I read that it may not be easy to get financing for LLC (for SFH or small MFH). Or, should I just do partnerships? With partnership, can we get approved for mortgage based on the US credit of one of the partners? These are the questions for which I am still trying to get some clarity on.

Appreciate any advice on this.  Thanks, all.

Thank you, @Joe Norman, @Joe Villeneuve, @David Robertson.  You guys are amazing.

The overall theme in your replies are the same - know the market, then analyzing properties will be easier. Good idea on setting up an MLS notification to our email.

Thanks, again.