All Forum Posts by: Bhuvanandra S Kumar

Jim, Is this still available? 

Hi Michaela, I have a buyer who is a first time home buyer and is interested in this property. He needs financing too. I see that you guys finance too. Can you let me know if this is still available and what are the terms.

I am an agent with KW at Lakeside in Shelby twp, MI. you can reach me at 586-206-3167.

Thank you

Hi Shady Awad, I am a Realtor with KW lakeside. I have a colleague who is helping a Chinese Investor park some funds in Detroit area. I know they are looking for more than 8% thou. PM me or call me if you want me to help you connect with the other Agent. Would be glad to help you out.

Ho Santhosh, welcome to BP! This is a great place and I have been learning a lot in the few months I have been involved. It's been a long time back, We bought our first home when we were on H1. If you have your GC there should not be any problem. Get your llc and get going. PM me if you have any questions. All the best! - Kumar

Just call your banker or meet the manager at your local bank to start inquiring in your local area. I always build a relationship with a couple of bankers to start with. With your credit and incomes you should be able to get a good rate for your first home! In the 3-4%. Just do the minimum down 3-5% if possible. Make sure all your units are rented ASAP. I'm sure you have done your homework in BP!! Keep us posted as to how the deal goes. 

Welcome to BP David! This is a great place to start!! Read the books they suggest and listen to the podcasts! I'm sure REI works the same around the world, the numbers might vary but the concept works.

I just saw this listing on the MLS and it will go fast. I am taking a look at it on Saturday with my investors. PM me for more information. or call 586-206-3167

I have done some research, found an existing facility for sale as a business and am working on taking over the existing operations. This facility is licensed for up to 20 residents and operating for 20+ years profitably. Did our homework and put together a team of people to work with me. I have a Doctor, couple of Physical Therapists in our team. I cannot get into the Big players space to start with, but we thought we can start with this. Learn the business and scale it up.

There are a lot of smaller mom and pop operations where they have license for 6 residents and they have multiple locations. I don't see myself doing that.

I recently met with a builder who has built up a portfolio of 12 Assisted livings (1000+ units) and doing it really well. 

I see the potential and the growth in this sector, obviously there is a lot to keep up with regulations.