Podcast 320: Art of Buying Properties from Foreclosure with Ted Patel

An engineer, investor, syndicator, and a builder Ted Patel is the founder and CEO of Astre Capital. He has over 10+ years of experience in real estate investing and started his real estate journey by doing fix and flips, new construction projects and investing in small multifamily. For the past few years, he has focused on investing in large apartment communities and commercial properties across several states; generating consistent double digits returns.

Ted strongly believes that passive income is the most important component to secure one’s financial future; and has been helping engineers and busy professionals achieve the same through, passive investments in real estate. Additionally, Ted holds a master’s degree in computer science and has worked with top-tier investment banks on Wall Street. While he is not working, he loves spending quality time with his wife and two sons.

*DISCLAIMER – We are not giving any financial advice. Please DYOR*

(00:00 – 02:21) Opening Segment

– Ted is introduced as the guest Host
– Ted shares something interesting about himself

(02:21 – 26:38) Art of buying properties from Foreclosure

– Ted shares his first investment
– Ted briefly explains what is foreclosure
– What Ted sees about the foreclosure in the Market
– Ted shares how he buys real estate while it’s in the foreclosure
– He also explains what is the process of the auction on foreclosure
– Ted shares as well what under-writing should go through
– Also Ted talked about gotcha’s while buying properties under foreclosure
– Ted shares more about foreclosure
– Ted shares as well his best and worst deals

(26:38 – 31:00) Fire Round

– Ted shared if he would change his investment strategy
– Ted also shares his favorite Finance, real estate book, or any related book
– Also Ted shared about the website and tools that he can recommend
– Ted’s advice to beginner investors
– Also shared how he gives back

(31:00 – 31:56) Closing Segment