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All Forum Posts by: KIran K.

KIran K. has started 5 posts and replied 45 times.

Post: Real Estate Investor and Lender ---Seeking Technical Partner.

KIran K.Posted
  • Investor
  • Sacramento
  • Posts 47
  • Votes 67

Are you a driven, technically skilled individual looking to partner with a visionary real estate investor? If so, we should talk!

I'm a successful real estate investor with a passion for finding great deals and closing profitable transactions. However, I lack the technical expertise to build the systems and tools that can take my business to the next level. I flip at least 8 homes and close over 15 real estate transactions a year in Stockton without any marketing in place. I want and can close more deals, but to take my business to the next level I need a partner that's good at things that I am not.

That's where you come in. I'm seeking a technical partner who can help me streamline my business and maximize my profits. Specifically, I'm looking for someone who can help me with the following:

  • Creating RE investor PowerPoints
  • Setting up Re presentations and meetups for my investors.
  • Building and maintaining a real estate website
  • Developing and managing a CRM system
  • Creating and managing marketing campaigns
  • Automating various business processes

If you have experience in these areas, and are looking for an exciting opportunity to partner with a successful real estate investor, I would love to hear from you.

I bring and close the business- you do the things like this post.

Send me an email at [email protected] to set up a meeting if you think you have the skills..

Serious inquiries only.

Post: Bay Area Investors... are there any meetups you are attending?

KIran K.Posted
  • Investor
  • Sacramento
  • Posts 47
  • Votes 67

I have so many people that ask me to create meetups for investors in the Emeryville, Oakland, Berkeley area. Before I make one, do you guys know of any that already exist?

Post: Worst FIRST FLIP: LOST OVER 100k

KIran K.Posted
  • Investor
  • Sacramento
  • Posts 47
  • Votes 67
Originally posted by @Scott Matthew C.:

@KIran Kaur

I share your pain! I currently have one of those as I type this. It’s cost me over 200k. The contractor ran with my money. Little did I know my partner was in on it. It’s a messy legal battle for four years going on 5.

The take away for me, Trust but Verify!

Is Michigan a state you would consider?

 OH MY GOD! I am so sorry to hear that!so going through litigation?

And No, I am only interested in california or Indianapolis because I have family I can stay with so I can be on sight everyday to manage the flip :) Do you know anyone there I can connect with regarding a deal? 

Post: What do you guys do to find out of state flips?

KIran K.Posted
  • Investor
  • Sacramento
  • Posts 47
  • Votes 67
Originally posted by @Paolo Agostinelli:

I agree with Mike's comments above. Learning about the market and neighborhoods and finding off market deals are key. I would suggest reaching out to other investors in the area through the local REIA, for starters.

 thank you! 

Post: What do you guys do to find out of state flips?

KIran K.Posted
  • Investor
  • Sacramento
  • Posts 47
  • Votes 67
Originally posted by @Kerry Noble Jr:

Definitely open to connecting to see if i can add value

 YES PLEASE :) 

Post: PEOPLE! HOW THE HECK DO YOU FIND PROPERTIES?!

KIran K.Posted
  • Investor
  • Sacramento
  • Posts 47
  • Votes 67

Okay so I have listened to BP podcasts almost every day and I know different strategies work for different people. I want to hear from people in California. 

Currently, I am calling into pre foreclosures, tax delinquent, and distressed property owners. I got this list from titlepro24.. out of the 30 people I called - only about 6 answered and 4 of them said they don't want to sell. Here is what I say when I call...


"Hi my name is ___, I am calling about your property located at ____ and was wondering what your plans are with this property. I buy properties for a living, do you have any interest in hearing a fair value offer?" (Would love your help on my scripting too) 

I went door knocking too but the list I have shows houses that are far from each other- it takes about 2 hours just to knock on 5-6 doors. 

I have not tried mailers. If mailers work for you.. what website should I use? What should be my farming criteria? Postcards or letters? What size postcards? How many times should I hit the same house? .... I KNOW IT'S NOT AN EXACT SCIENCE BUT IT WILL HELP IF WE TALK ABOUT MEASURING. 

My team and I are looking for an out of state flip or in california flip. I AM OBVIOUSLY WILLING TO DO THE WORK- JUST NEED A LITTLE BIT OF HELP SO I AM NOT WASTING MY TIME WITH THESE CALLS AND DOOR KNOCKS. 

Thank you in advance for reading. 

Post: Worst FIRST FLIP: LOST OVER 100k

KIran K.Posted
  • Investor
  • Sacramento
  • Posts 47
  • Votes 67
Originally posted by @Amit Lala:

@KIran Kaur

I’m about to get into my first deal and it’s nice to see someone share a bad experience. I took some notes on your post and hopefully you help some on bigger pockets. Good luck in your next deal! You have the right attitude :)

 YAYY! that's exactly why I posted! SO many amazing and experienced people shared their thoughts :) good luck! 

Post: Worst FIRST FLIP: LOST OVER 100k

KIran K.Posted
  • Investor
  • Sacramento
  • Posts 47
  • Votes 67
Originally posted by @Jon Shoop:

Great lesson learned! Contractors are very hard to get a good read on.

 There's enough scammers out there lol we just gotta make sure we protect ourselves and do our due diligence ..

Post: Worst FIRST FLIP: LOST OVER 100k

KIran K.Posted
  • Investor
  • Sacramento
  • Posts 47
  • Votes 67
Originally posted by @Sydney Sherman:

@KIran Kaur Just wanted to say thanks so much for sharing this!!

 Pleasure is all mine.. I just dont want it to happen to anyone else :) 

Post: Worst FIRST FLIP: LOST OVER 100k

KIran K.Posted
  • Investor
  • Sacramento
  • Posts 47
  • Votes 67
Originally posted by @Daniel Smyth:

Reading all the posts so far, I love the pictures.

I am a Union Carpenter of over 35 years in the trades. The hatchet job on the trim tells me the worker was not trained in trim work. YouTube makes everything look easy.

I bet the floor was sanded with a hand sander. I did my first floor sanding with small electrical sanders. It took forever! The rental sanders are faster and less back breaking!

No permits pulled. I get it. I want to cut corners as much as anyone. This guy is probably a pretty good handy-man for small jobs. He didn't want to pass up the big job, and you loved the idea of hiring cheap, uninsured help.

When you are your own Superintendent, or General contractor, its up to you to assure that proper materials are used and delivered as needed.

As a business owner, you are responsible for getting insurance for Uninstalled and installed materials, and other insurance for damages caused by your workers, by accident or on purpose.

Your due diligence was neglected, and you got blind-sided. That's hard, I understand.

In my career as a Carpenter/Builder, I have seen many ways the job can have a bad outcome.

Dust off your ego, (no disrespect intended),

and see if you can "shadow" a contractor in your area in a house renovation. The questions, need to center upon what YOU need to do so this doesn't bite you again.

Yes, we all want to blame the worker.

We rarely like to look at the events from another side, not so flattering.

Not telling you that you need to hire Union, as I do understand the labor costs.

I do wish to impress upon you the idea that you can do better! You Can let a contractor pick out the material needed.

You could, ask your contractor to furnish a material list for each part of your next project.

Separate the entire project by materials needed, and a labor pay schedule. A schedule can be per project, or per % of the entire job.

When a project or % of the job is complete and inspected to your satisfaction, you write that check! This way, if something was missed, or done wrong, the contractor will have a vested interest in getting it done! NOW!

No need to give the contractor money for materials. You pay the vendors! If YOU pay the vendors, you won't need to worry about mechanic liens being placed on your property because your contractor pocketed the money!

Have a contract for work to be done.

Demand insurance papers from your contractors. VERIFY PROPPER COVERAGE! No payment for permitted work until the inspectors also sign off the work as accepted.

There is more, and less can be done.

The phrase " Pay me now, or Pay me later ", comes from a contractor denied the job because he was more expensive than the "buddy and his friend down the street".

While the project may have been underbudgeted and the worker thinking remodeling is as easy as YouTube makes it seem, you will get another chance to do a better deal!

I have eaten my hat on jobs of my own, paying hired hands from my own pocket. It hurts, and I do not dismiss your pain.

The sun will shine again. Now get out there and GET SOME!

Dan!

Thank you for your response!! I definitely take full responsibility on the crap job and negligence --like i said i was too excited and naive at that time. Looking back- I could have done sooo much and saved so much money but too late now.. only can improve from here. I will take your advice and apply it to the next job--- watch me trend  with the best flip ever!! :)