All Forum Posts by: Rahul Bhatt

I am in the same boat.i see a lot of reasons to start business just to protect your self and overcome privacy issue.specially when you are in private Money business.

I started one company with one us citizen but thought all these are passive investment we buy property and rent it.

I have started another one my self I will hire a CEO who can take care of day to day operation.

I am not an attorney and not a legal advice I talked to attorney they say as long as you don't benefit from it you are good

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Lot of good point raised I will add my few cents I am doing investment and research in the West Cleveland area. I think in suburbs vacancy rate is decreasing. I know parma and Parma heights for sure.

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Cleveland, Ohio

@Jay Chekansky you are selling it to investor or the home owner/or investor ? if it is home owner than it has to be Dodd Frank comply.

send me a PM or email I will send you what i have so far. I am trying to do similar thing in Ohio and other market and keep the note with my self.

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@Mike Cotter I see your point that is the only reason i was not able to proceed with smaller apartment complex. Utility is the problem my Suggestion

1. off course separate billing is one option try to do that.

2. putting more energy efficient things like windows etc

3. If the tenants is the sole issue raise awareness and include some incentive for saving the gas and pass it on to tenants.

4. I am not an expert but there should be a IOT device that you can install by the furnace by your self to know which tenant is the issue.

Hope it helps

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Hey @Dave Blackman I will send you a PM

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I am a new real estate investor trying to find my way in note investment.Help me to understand what you could done differently in this deal ?

1. Every note we buy no one knows what is inside will look. Specially in case of forclosure?

2. You knew you don't know anyone in Cleveland area who can fix that?

3. As per my understanding selling to the flipper is also an exit strategy?I understand might not be the best one

4. Didn't you know at the time of buying a note how much back taxes you paid and how much you need to pay in process to avoid tax sale ?

i have a good knowledge of cleveland area please let me know if I could be some help next time.

riginally posted by @Steve Hodgdon:

All we ever hear is the good news. Brokers and gurus promoting 25%+ returns. Promises of quick turn arounds. No sweat, no strain.

Many times that’s true. I’ve built a portfolio of performing loans that more than pays my bills. But sometimes things don’t work out. And nobody ever talks about it. Why? Obviously sales folks don’t want to hurt their sales. Gurus want to get you into their high priced mastermind training programs. Plus, we all have a natural aversion to talking about losses.

Sharing the truth is about building trust and community. I’m telling you what’s happening with me to help and build a real community. There's an event on BP that will take you to a you tube post “The One about Avondale”. Of you can find me there under stevehodgdon

Long story short, I bought a $21k note, paid tons of back taxes and legal fees. House was lovely on the outside and a disaster in. Sold it to a flipper because I have no boots on the ground today in Cleveland. If this had been in Florida or Indiana where I have trusted partners, maybe a different story.

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Posting for a fellow investor friend. I am not a whole seller(no fees involved) if you are interested in this property i will connect you with the seller directly

Here are the numbers for cash

MONTHLY FINANCIAL P&L $1,100 Gross Income from rents

152 Property taxes $1818/year) 70 Insurance

Tenants pay u li es AND they mow the grass and shovel the snow!

110 Property management (10% of rents - I'm paying more but this is the norm. 45 Maintenance - the property was just renovated

$723 Net operating income/month

Seller is willing to carry here is one example structure

MONTHLY FINANCIAL P&L $1,100 Gross Income from rents

152 Property taxes $1818/year) 70 Insurance

Tenants pay u li es AND they mow the grass and shovel the snow!

110 Property management (10% of rents - I'm paying more but this is the norm. 45 Maintenance - the property was just renovated

$723 Net operating income/month

Please reply to me or to this post I will connect you guys

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Can you send me more information ?riginally posted by @Ralph Checri:

3/2/2

1974 Build

CMA: $265,000

Price: $185,000

NOT ON MLS! Highly sought out 3 bed 2 bath in a hot investor pocket in Richardson. After cosmetic updates and some minor foundation work this gem will be ready to hit the market!
Please call me if interested. 972-638-9029

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YOu are looking for unsecured loan ?

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it is very small note for most of the people to even consider

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All Forum Posts by: Rahul Bhatt

Rahul Bhatt has started 39 posts and replied 268 times.

Post: H1B and LLC

Post: Cleveland Population Decline... Why?

Post: looking for RMLO in TN for owner finance deal

Post: I'm Paying for Heat on My 14 Unit Apartment and its Killing Me

Post: Acquisition Funding for Notes

Post: How to lose $20k on a Non Performing Ohio Loan

Post: Owner financing investment property for sale

Post: OFF MARKET Richardson, TX FLIP

Post: Bought with Cash, Sold with Owner Financing. Can I get cash out?

Post: What discount should I expect to sell a note for?