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All Forum Posts by: Grigory Pekarsky

Grigory Pekarsky has started 0 posts and replied 107 times.

Post: How to manage risk buying wholesale properties?

Grigory Pekarsky
Agent
Posted
  • Real Estate Broker
  • Chicago
  • Posts 108
  • Votes 23

If you are looking to invest in low-cost properties, whether they be commercial or residential, it is very important to consider the risks involved. It is easy to get swept up by the excitement of owning a property and not think about what could go wrong. In order to avoid common pitfalls that can happen when buying wholesale properties, you need to have a proper exit strategy. Make sure you know the reasons why you are buying a property and what your overall goal is. Maybe you want to make a quick buck by flipping it, or maybe your plan is to hold on to it long-term as an income-producing asset. Regardless of the reason for purchasing the property, have a clear exit strategy in place before getting started with your investment. If you don't have one, then emotions may take over and lead to bad decisions being made. An example of this would be putting more money into a project than originally planned because of positive news about the area where the property is located.

Post: Thoughts on how to structure a Multifamily partnership deal

Grigory Pekarsky
Agent
Posted
  • Real Estate Broker
  • Chicago
  • Posts 108
  • Votes 23

A multifamily partnership deal is one of the most difficult types to structure. You need to know all the players and their motivations, what they want out of this deal, and how you can balance those desires with your own goals for a successful project. Here are some tips on structuring a multifamily partnership deal: Know your partners; Keep it simple; Be realistic.

Individuals and partnerships are often drawn to multifamily deals because of the promise of higher returns than other investments, especially in growing areas where land is scarce and undeveloped lots are hard to get. However, partnering your business with someone else can cause problems if you don't know what you're getting into or don't disclose everything that's relevant to the deal. Be sure to ask for references so you can check them out ahead of time. If they've had a problem with another partner, it could signal trouble down the road. You should also be clear on how much money each partner is putting up upfront--as opposed to many other types of transactions where there might be more money over time (like buying an apartment building, etc.).

Post: How to Sift through Properties for Rehabbing without seeing them?

Grigory Pekarsky
Agent
Posted
  • Real Estate Broker
  • Chicago
  • Posts 108
  • Votes 23

I know how it goes: you find a property that is in need of some TLC and then the fun begins. You spend hours or days looking at floor plans, checking out the neighborhood, and driving by to see if there are any other houses on the block that look like they're in worse shape than this one. Then comes all those pesky questions: what kind of budget do I have? Will my contractor be able to work with me on pricing? What about permits – will we need them for this project? Is there anything else I should know before investing my time and money into this house?" "And so many more…"

Post: How to get my rental price right?

Grigory Pekarsky
Agent
Posted
  • Real Estate Broker
  • Chicago
  • Posts 108
  • Votes 23

If you are renting out your house, you have to make sure that you get the best price possible so that you can also cover all of your expenses. So, apart from estimating your price by checking similar properties in the area, make sure that you also factor in all of your expenses such as appliances, utilities and taxes when figuring out how much rent to charge. Make sure it's right for the property type. The real estate market has shown signs of improvement over the past months but there are still significant differences between cities and housing markets within cities.

Post: How to buy a rental property

Grigory Pekarsky
Agent
Posted
  • Real Estate Broker
  • Chicago
  • Posts 108
  • Votes 23

Here's what I recommend:

1) Find a reputable real estate agent or expert in the field. They can provide guidance and help with finding properties that fit your needs. It's important to remember that their commission goes up when they get you into a deal, so it's best not to be too trusting of them.

2) Look at comparable sale prices of other properties in the area; this will give you an idea about how much the property should be worth if there are no major discrepancies between those properties and yours.

3) Do some research on taxes - if there's a major discrepancy in your assessment and what you could find out about market value, this is worth getting into.

4) Remember to look into closing costs and all possible fees that come with buying property (if there are any). Make sure you're clear on every detail before committing to the purchase of a home. If anything seems fishy or unclear, get help; don't rely on the realtor for everything.

Post: How to advertise for renters...?

Grigory Pekarsky
Agent
Posted
  • Real Estate Broker
  • Chicago
  • Posts 108
  • Votes 23

When you need to find a renter for your property, Craigslist is one of the first places that pops into your head. The problem with this site is that it can be hard to know how to post an ad and what information should go in it. In order to promote your property listing on Craigslist:

  • First, you’ll want to write a catchy and informative title and description for your listing. This will make the ad stand out from others and draw people in.
  • Next -you’ll want to include photos of the space available as well as any important details about price or other requirements like pets allowed or parking space availability. Photos provide context so potential tenants can get a better idea of what they are seeing.

  • You might also want to include the terms of rent, including when you expect it to be paid each month and any other special requirements or fees that are associated with renting your space.
  • Finally,but very important -you’ll want to post a contact phone number where interested renters can reach you so you can talk about details further. This way, people won’t waste time asking for more information if they don’t plan on calling you.

Posting an ad on Craigslist is not too difficult! Once it is posted, pay attention to your email regularly so that replies come in as soon as possible.

Post: How to Wholesale ethically?

Grigory Pekarsky
Agent
Posted
  • Real Estate Broker
  • Chicago
  • Posts 108
  • Votes 23
As an aspiring real estate investor, you may be wondering how to wholesale in real estate ethically. It's important you do your research before diving head first into the industry. First off, it's critical that when you're considering getting into the business of buying properties at a discount price then reselling them for profit that you take time learning about all aspects of the business - not just what sounds good or easy. You'll want to know everything from how much can I make? How do I find deals? What are my expenses going to be like? Are there any risks involved with this investment strategy? There are so many great books and training programs available to help you, but I always recommend starting with a proven mentor. There's nothing like hearing a good real estate investing strategy from an experienced investor who has been there done that.

Post: How to choose WHERE to invest in?

Grigory Pekarsky
Agent
Posted
  • Real Estate Broker
  • Chicago
  • Posts 108
  • Votes 23

Real estate investing can be intimidating to newcomers, especially if you are starting out with little or no money in the bank. What is important when choosing WHERE to invest in real estate? Should you buy a house or rent an apartment? How do I get started finding good deals on properties that fit my budget and still offer room for appreciation? It's questions like these that often leave you wondering where they should start when it comes to this exciting investment opportunity.

Asking yourself "WHERE" to begin your search for property investments can help narrow down your options and allow you time to prepare financially before making a purchase. 

Single-Family Homes are among the most popular types of real estate investment type for a variety of reasons. They offer a lot of privacy and a feeling of seclusion, which is something that many people love, especially if they have families or simply enjoy being alone. You can also tailor your living space to fit your personal tastes, since you aren't sharing it with anyone else. In addition, you'll have up-close access to nature in your own backyard - providing you with beauty and inspiration just steps from your front door! Also, many homeowners take great pride in their yards and gardens as well as keeping up with general exterior upkeep such as painting or staining fences and decks. 

Post: How to vet investors?

Grigory Pekarsky
Agent
Posted
  • Real Estate Broker
  • Chicago
  • Posts 108
  • Votes 23

The best real estate investors are those who know how to assess their own strengths and weaknesses. If you're looking for a way to find the right investor, use these three simple steps: 1. Determine your needs 2. Evaluate the investment capabilities of each candidate 3. Assess whether they have what it takes to do business with yo 

To ensure the right property investor meets your requirements, you need to identify what you are looking for. Is it a short-term or long-term investment? How much capital are you willing to risk? What type of return on investment do you want? Will the property be used as an income generator or as an asset for resale at a higher price? Answer these questions and more before meeting potential investors. You also need to determine how many due diligence requests each candidate must fill out. This way, they will know exactly what information they should bring with them to their meeting with you and help move the process along faster than if you had not given them this list. 

Post: How to assign a contract back to a seller

Grigory Pekarsky
Agent
Posted
  • Real Estate Broker
  • Chicago
  • Posts 108
  • Votes 23

For some real estate agents, the thought of assigning a contract back to the seller is not only scary but also makes them feel uncomfortable. This discomfort often comes from inexperience and fear of what could happen if they make mistakes. But it doesn’t have to be that way; with proper training and education, you can learn how to assign contracts back successfully while improving your bottom line.