All Forum Posts by: Saaj Patel

Hey all, 

Can an agent take a commission for a lease that they secure for themselves or an LLC that they own?

Welcome! I'm an investor and local in the Philly area, would love to connect further.

John, 

1. It is not a bad idea to start now. Yes, there may be a better entry point into the market in the near future, but that does not mean that there is not money to be made right now. Full-time real estate investors never stop buying when the market in inflated like this, they just slow down their buying to a reasonable rate that allows for a better risk profile. The key is to find a great team and manage the project well.

2. Your budget is super reasonable. These are markets that you can easily break into with that type of money. The good thing about the suburbs of Philadelphia is that is often much cheaper than the suburbs of other cities. However, you may need to dampen your expectations slightly on the ARV in my opinion (if it is worth anything).

I am an investor and local in the area and would love to chat further if you have some time. 

Hey,  $150k does seem high, but after talking with a couple of GCs for a project in Brewerytown… many contractors are so overwhelmed with work that they won’t even do smaller budgeted projects! 

Hey,

I am a local and an investor in the Philly area. Would love to talk about the market and any specific areas that you have questions on.

PM me if you wanna talk further. 

Unfortunately, I will not be able to drive down on the 14th. 

I am focused on BRRRRs at first. I have a few units here in Philadelphia, allowing me to take this leap of faith. 

I need to get connected with a great GC, I will PM you. 

Hello Forum,

I am vising Raleigh, NC from December 15-19. I will be scoping out zip codes to invest in, for later this year. Reach out if you want to connect!

Hello Forum, 

I am vising Charlotte, NC from December 18-22. I will be scoping out zip codes to invest in, for later this year. Reach out if you want to connect!

Numbers seem really good if I am comparing them to a project in my market.

But that does raise the question: what market is this in? How does the cap rate compare to the other available projects? 

Personally, I would save up some more cash and wait for a time with better deals. 

But you could use $10k to buy a SHF in markets around me in Philadelphia. I have seen plenty of investors get flips for that price here.

Let me know if you want to talk.