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All Forum Posts by: Raj Patel

Raj Patel has started 7 posts and replied 35 times.

Post: looking for a mentor in wholesales and fix & flips

Raj Patel
Posted
  • Rental Property Investor
  • Northville, MI
  • Posts 36
  • Votes 22

Tiffany, you might want to start by trying out the BP podcasts.  There are hundreds of them.  There is a wealth of information in them.  I started at #1 and am now at #237.   That's all I listen to on my drive from and to work everyday.  

Best regards,

- Raj P

Post: Please allow me to introduce myself...

Raj Patel
Posted
  • Rental Property Investor
  • Northville, MI
  • Posts 36
  • Votes 22


Welcome Andrea,

Your drive to become financially independent rings a bell.  I had the same reasoning that drove me for my journey into Real Estate.   I was able to pickup my first flip after approximately 3 or 4 months on Bigger Pockets.  I'm having a blast with it.  And I'm sure you will as well.  If I can recommend anything, I would say start by learning your neighborhoods well.  Do a lot of driving around in neighborhoods that match your criteria of a decent place you would want to live.   You can use Zillow to help you get  values for homes and their price histories in the areas as well.  

Best of Luck! 

- Raj

Post: Left my W-2 job for Full-Time Real Estate 18 months ago today...

Raj Patel
Posted
  • Rental Property Investor
  • Northville, MI
  • Posts 36
  • Votes 22

Incredible story Julie!  Congrats!  

Post: Help Wanted: Real Estate for Beginners

Raj Patel
Posted
  • Rental Property Investor
  • Northville, MI
  • Posts 36
  • Votes 22

Brooke, check out the rental property calculators under the "Tools" menu .  Best of luck!

Post: Grand Rapids Real Estate Newbie

Raj Patel
Posted
  • Rental Property Investor
  • Northville, MI
  • Posts 36
  • Votes 22

Welcome Courtney!  

One thing I can say is, Grand Rapids is a great place to start.  it is a growing community and a great place to live.  For that reason I am planning on holding and or flipping homes out there in the near future.  

Best of luck! 

Post: Newbie from the Detroit (Westland) Michigan area

Raj Patel
Posted
  • Rental Property Investor
  • Northville, MI
  • Posts 36
  • Votes 22

Well hello Chad!  

Speaking of a small world,  It's nice to see a familiar face on board!  :)  Welcome to Bigger Pockets.  

But if you are looking for insight, you'll have to come fix my KOI pond first.  JK.  :)  Maybe you'll recognize me now.

Anyways,  just like  @David Stevoff said,  I too am following a similar path.  I am starting with fix & flips.  Eventually I will get into buy and hold rentals.  I just closed on my first property in Southfield, MI on the 17th of this month.  

If your interested, I can take you to see it sometime.  Let me know.

It's great to see you on board! 

Post: Finally, I have closed on my very first real estate investment!

Raj Patel
Posted
  • Rental Property Investor
  • Northville, MI
  • Posts 36
  • Votes 22

Thank you @Mindy Jensen!  

Post: Wheelchair ramp for sale

Raj Patel
Posted
  • Rental Property Investor
  • Northville, MI
  • Posts 36
  • Votes 22

I have a 20' aluminum wheelchair ramp and 60"x60" platform for sale.   

Post: Very First Real Estate Investment Property!

Raj Patel
Posted
  • Rental Property Investor
  • Northville, MI
  • Posts 36
  • Votes 22

Investment Info:

Single-family residence fix & flip investment in Southfield.

Purchase price: $55,000

Very First Real Estate Investment Property!

1800 sqft Colonial; 4 bed, 2 bath, built in 1925

Purchase price: 55K
Expected repair costs: 40K
Fina ARV: ~ 150K

What made you interested in investing in this type of deal?

Bigger Pockets!

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

Cash

Post: My first real estate flip

Raj Patel
Posted
  • Rental Property Investor
  • Northville, MI
  • Posts 36
  • Votes 22

Congrats on your first deal Brian!  Beautiful property and a beautiful return.  Can't ask anything more!.