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All Forum Posts by: Kanwar Sodhi

Kanwar Sodhi has started 38 posts and replied 199 times.

Post: Is it okay to ever waive the inspection?

Kanwar SodhiPosted
  • Real Estate Agent
  • Chantilly, VA
  • Posts 245
  • Votes 61

If the home was built like 2-3 years ago or if it's like a no-brainer meaning a stellar deal in a great location

Post: What makes you get out of bed in the morning?

Kanwar SodhiPosted
  • Real Estate Agent
  • Chantilly, VA
  • Posts 245
  • Votes 61

Growth, getting somewhere in life rather than being standstill

Post: What’s a proper wholesale letter?

Kanwar SodhiPosted
  • Real Estate Agent
  • Chantilly, VA
  • Posts 245
  • Votes 61

Hey BP,

I found a block of homes in DC that have great potential to be flipped.

What’s a proper letter I can use to send them?

What’s a good cost per square ft for older homes that basically need total renovation?

Post: Fastest Way to Make $1 Million?

Kanwar SodhiPosted
  • Real Estate Agent
  • Chantilly, VA
  • Posts 245
  • Votes 61

Who cares about making A million, find a process that works and you'll get past that million in no time

Post: What to do with $20k

Kanwar SodhiPosted
  • Real Estate Agent
  • Chantilly, VA
  • Posts 245
  • Votes 61

You've worked hard for it. Don't spend it without seeing a return of it.

I think it's smarter to put it towards a purchase where in 6 months to a year, you'll be able to refinance the money and get it right back.

Post: What improvements are profitable for rentals?

Kanwar SodhiPosted
  • Real Estate Agent
  • Chantilly, VA
  • Posts 245
  • Votes 61

Just look at comps. It helps to see what people are excited to pay more for.

Post: Anyone Lending 100% in a cash-flowing rental property?

Kanwar SodhiPosted
  • Real Estate Agent
  • Chantilly, VA
  • Posts 245
  • Votes 61

I just saw a property in Georgia that's cash flowing well. Any lenders that'll 100% fully fund?

I can pay closing costs, purchase price of $140,000 and $1,800 of rent coming in.

Assuming it's fully funded, 25% set aside for vacancy/repairs/cap ex, PITI aside, we net $330/monthly

Anyone have any recommendations for lenders that'll charge pretty fairly on interest rate?

Post: Where can I purchase distressed, motivated leads to wholesale?

Kanwar SodhiPosted
  • Real Estate Agent
  • Chantilly, VA
  • Posts 245
  • Votes 61

Hey BP, who is your go-to lead generating source to purchase leads for distressed homes?

I'm interesting in wholesaling.

Thank you

Post: Would you respond to this insult?

Kanwar SodhiPosted
  • Real Estate Agent
  • Chantilly, VA
  • Posts 245
  • Votes 61

Don't know what the truth is or the backstory but if this is going to do more harm than good to your personal rep, I'd let this go ASAP unless you can resolve this.

Her writing this on her page is the equivalent of someone shouting about you out loud in public, don't respond to her on her page or directly or she'll get paranoid you're stalking her.

Post: Where can I learn EVERYTHING about seller financing & subject to?

Kanwar SodhiPosted
  • Real Estate Agent
  • Chantilly, VA
  • Posts 245
  • Votes 61

What resources can I use to learn everything about subject to and owner/seller financing?

Thank you