All Forum Posts by: Kevin Parekh

1. reduced margins (traditionally 50%, now 25%)

2. increased number of providers, therefore less demand

3. increased patient demands (google reviews are a must these days)

4. insurance reimbursements are stupid low sometimes

All that being said, if you run your practice like a Chick-fil-a, things will work out very well. But like everyone on BP, I want to make my money work for me... I dont want to trade my hours for dollas! Dentist are not business people. BP and other websites like, whitecoatinvestor.com were gold to me when I left dental school 7 years ago!

I'm already well into the game- new but not a green horn. I should have been more specific and said that I was in the market for my first "personal" house. I invest in MH, vacant land, and most recently in foreclosures. As a prudent investor, I think I am going to stack cash for then next year and see what happens, unless a sweet deal comes about. 

That being said, I really appreciate everyone's amazing help and responses. I am part of dental forum and routinely get rude, off-topic responses. The sky always seems to be "falling" in the dental world, but not here.

*This thread hasn't been written to instill fear or troll other investors!

So I am a new investor in the market (in Pensacola, FL). Important to note, that even though I have a professional degree and make over $100k a year, I have not bought a house bc I was waiting for the market to slow down. Needless to say, houses do not stay on the market very long in PNS. Most low income houses  ($100-150k) stay on the market for 15 min... not very long. Larger, more expensive house ($350k+) stay on the market for 2-3 months. 

I have a good chunk of money saved for a cash offer and a withering 1031 that I am pondering to trash. Why? I really think the market is gone wildly out of control in PNS. United Airlines just released information about laying-off 50% of their workforce, 17 million are on UE, and the $600 UE is about the expire... and the leads me the conlsuion that many houses may be on the market in 6 months.

What do you think is going to happen? Are you trying to save cash for the impending housing crash?

Thanks yall!!!

Thank you for the reply! I have a very few raw pieces of land, one of which I split in half to increase the value. Here is an attached picture of piece of land I have listed on the MLS. Most parcels are on a paved road... 70% need septic, power and water hook ups.

That is a good option. Do you have experience with MHs? 

Thank you for the reply Greg. Say I have  clear, leveled land with septic, power and water ready to go... what is a super cheap price per sq foot? The reason I ask is bc all the builders here seem to only say $100 and up. I assume the profit margin on building has to be near 50%. Have you heard of investors and builders teaming up for rental projects?

This may be the dumbest post on Bigger Pockets, but I have to start somewhere.

I have been investing in vacant land for many years. I buy parcels in North Florida cheaply through my fathers connections. Most are in low-medium income neighborhoods. Some I have owned for 10 plus years. I havent touched this stuff bc I was in college or away with the USN. Finally, I am poised to make a move forward:) This leads me to my question:

Has anyone gone through the process of building a RE/ cash flowing "Empire" by building on vacant residential land? Can I build cheaply? How did you do it? Should I run for the hills and contiunue to flip land? What resources did you use? Is there a youtube channel I shoudl watch? 

I talked to about five builders in my area and they all mentioned about $100 sqf/foot. 

I recently listed some parcels with a REA, but I started to think about building vs multiple streams of income. Right now I only make money from my 1099 job, capital gains on the parcels I sell, and rental income from (4) pre-existing mobile homes.

Thank you in advance!

Can you do a quiet title at anytime?

I’ve been buying tax deed properties for the last few years in Florida. It is my understanding that I have to wait four years to get title insurance. 

Furthermore, It is my understanding that one only has to wait a year in California. Is this correct?

Title insurance FL- 4 years?

Title insurance CA- 1 year?

Very interested! Def would like to meet motivated BP investors!