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All Forum Posts by: Mallikarjun Reddy Pateel

Mallikarjun Reddy Pateel has started 44 posts and replied 115 times.

Post: Agents, what's your #1 tip? (Plus, NEW BOOK!)

Mallikarjun Reddy PateelPosted
  • Investor
  • New Jersey
  • Posts 121
  • Votes 33

@Kaylee Walterbach

try to Transparent with Agents

Post: Newbie Wholsesale Deal

Mallikarjun Reddy PateelPosted
  • Investor
  • New Jersey
  • Posts 121
  • Votes 33

I find a Wholesale Deal. it's On Market Property. Seller Represented by Agent. I'm Planning to get into the Deal, Wholesale it to Someone else. to Check the Water I Posted it on Local Facebook Group I got So Many Responses, I don't have any Personal Relationships to these Cash Buyers all of them asking for the Property Address. my Questions How do i Assign my Contract to Someone else do i need to Consult the Attorney to Prepare the Paperwork? How do i Work with the Buyer do I Negotiate my Price( Asking Price + my Wholesale) & get Signed? Please Advice

Post: Newbie question about Rentals, Caprate and etc

Mallikarjun Reddy PateelPosted
  • Investor
  • New Jersey
  • Posts 121
  • Votes 33

Cap Rate is Only Considered for 5+ Units, for 1-4 we do Comparables(Similar Properties in Neighborhood same Size, Features). Cap rate is Calculated to get the Market Value of the Property. Cash on Cash Return Calculated to Get the Initial Return on your Cash Investment

Post: 2nd BrrrrnB in Jersey City

Mallikarjun Reddy PateelPosted
  • Investor
  • New Jersey
  • Posts 121
  • Votes 33

Any Chance did You Getting any Cash Flow from It?

Post: House Hack in New Jersey Closer to Manhattan

Mallikarjun Reddy PateelPosted
  • Investor
  • New Jersey
  • Posts 121
  • Votes 33

Hello Everyone,I Just Find this Amazing BP Community. I'm Planning on Obtaining NACA Loan, Looking to Buy Multifamily Unit Live in One & Rent the Rest Units. I'm Just Getting Started in Real Estate Investing. any Suggestions?