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All Forum Posts by: Josh Bakhshi

Josh Bakhshi has started 10 posts and replied 341 times.

Post: Commercial V.S Residential

Josh BakhshiPosted
  • Real Estate Agent
  • Atlanta, GA
  • Posts 359
  • Votes 157
 @Jai Reddy:

Are Starbucks locations closing because of Amazon? What about restaurants, hair salons, the local flower shops where you want to pick flowers for tour wife on your way home from work, or the auto parts store where you have to go in and ask questions for guidance on what parts to buy for your repairs. Liquor stores?

Is Covid going to close the need for these services permanently? What about medical services in neighborhood retail spots? Dental services?

Please apply critical thinking.

When you say "apply critical thinking", your arrogance is on display and you look foolish.  As I said in my post, there are several different kinds of commercial properties.  But your example shows you need to learn about the market and current economy.  All your examples have to do with retail.  Other than the Walmarts and Targets of the world, retail is not going to survive.   Malls are closing, department stores are filing for bankruptcy, and small stores can't compete with the selection, prices and convenience of Amazon.  

The only retail locations that are going to stick around are service oriented places like Dry Cleaning, Tire Shop, Oil Change.  Your examples like Starbucks started closing locations way before Covid b/c too many locations.  Flower shops are not going to stick around b/c they make their money on big weddings and funerals.  Guess what, not too many of those now.  And you need to go into a store to ask for guidance???  The fact that you said that on a BP forum post, means you know that people find things out online.  At least I hope so.  

Post: Negotiating Realtor Commission?

Josh BakhshiPosted
  • Real Estate Agent
  • Atlanta, GA
  • Posts 359
  • Votes 157
Originally posted by @Luke Johnston:

If you are doing all the work and the agent is getting 16K then you have every right to be annoyed.  Many times I have asked some agents making offers on deals that I found "what exactly did you bring to the table"?  One time the lady got so offended that I would even ask that and quit.  Same day I called a few other agents and told them the situation and one guy said they can't give me the commission (legally), but they got a estimate on a roof and got the guy to drop it by $2500.  DEAL!

Since then he regularly brings me deals.  I bought 2 more with him and sold one of them.  He has made over 20K in total commissions from my deals and earned every penny.  

Don't be ashamed or embarrassed to have these discussions.  

Post: How to find more info about a property

Josh BakhshiPosted
  • Real Estate Agent
  • Atlanta, GA
  • Posts 359
  • Votes 157

What information are you looking for??

Post: Looking to connect in Richmond Indiana

Josh BakhshiPosted
  • Real Estate Agent
  • Atlanta, GA
  • Posts 359
  • Votes 157

We buy properties all over the country.  One of the markets we are looking at right now is Richmond Indiana.  I was looking to see if anyone could give me insight on that area.  Any advise or suggestions would be greatly appreciated.

Thanks.

Post: Landlord Home Insurance

Josh BakhshiPosted
  • Real Estate Agent
  • Atlanta, GA
  • Posts 359
  • Votes 157

One company I would stay away from is Foremost.  They are pretty good at rates, but horrible on paying claims.  Couple things you should know when you are comparing apples to apples

How much is covered?

What is the Deductible?

Actual Cash Value or Replacement Cost Value?

Also use the insurance companies against each other when asking for a quote

Good Luck

Post: Commercial V.S Residential

Josh BakhshiPosted
  • Real Estate Agent
  • Atlanta, GA
  • Posts 359
  • Votes 157

"Commercial" means so many different things. Do you mean Apartment buildings? Retail? Medical? Self-Storage? NNN? Single-Occupancy? ......

First you need to know more and then understand what your clients are looking for.  We have both commercial and residential.  I can tell you that there are many smart and incompetent (VERY INCOMPETENT) brokers on both sides.  Learn, listen, network and then you earned the right to ask for the business.

But to answer your question directly, I always ask my agents (both commercial and residential) what value do you bring to the table to justify your commission? 

Post: What are good areas for turnkey buy and hold investment

Josh BakhshiPosted
  • Real Estate Agent
  • Atlanta, GA
  • Posts 359
  • Votes 157
Originally posted by @Deepak Bhatnagar:

Greetings from Bay Area

Deepak, I grew up in the Bay Area and still have a few properties out there, so I know where you are coming from. You really need to sit down and understand your goals.  What kinds of return are you looking for in cash-flow?  How long do you plan to hold the property?  Do you want to buy four properties in four different states or do you want them in the same county? How involved do you want to be?  If the property needs a cash infusion (renovations/HVAC/roof...) in a couple years, do you have the income to support putting it into the investment?

You really need to do your homework and understand yourself first.  

Post: Accidental landlord turning investor- tips?

Josh BakhshiPosted
  • Real Estate Agent
  • Atlanta, GA
  • Posts 359
  • Votes 157

Sara,

There are a lot of questions here. Main thing is what is your goal for this property? But to answer your question directly, I like the idea of HELOC. They are low cost to get and you only pay interest when you use it. You get to keep the property and have funds to build your RE empire. Have your cake and eat it too.

Post: Landlord rights (Property management not sharing tenant info)

Josh BakhshiPosted
  • Real Estate Agent
  • Atlanta, GA
  • Posts 359
  • Votes 157

That does sound a lil funny.  Do they guarantee that the tenant will stay for a set amount of time or you get your money back?

Post: Should I rent or sell my condo?

Josh BakhshiPosted
  • Real Estate Agent
  • Atlanta, GA
  • Posts 359
  • Votes 157

Justin,

There are sooo many questions I would have for you.  But my main question is that you don't have any idea how much you can rent your unit.  Based on the numbers you presented, it seems like you have a lot more learning to do.  

I would suggest selling the property and get your new home in order.  Start saving up a down payment for a rental and during that time you should read, network and learn about real estate

That's my two cents