All Forum Posts by: Carlos Quiros
Carlos Quiros has started 34 posts and replied 83 times.
Post: Evansville, IN Whats going on here???
- New to Real Estate
- Los Angeles, Ca
- Posts 83
- Votes 63
Quote from @Harrison Chow:
Hi there! In Evansville, there are significant developments like fulfillment centers, job growth, and economic expansion taking place. However, Columbus, Ohio, is indeed a thriving real estate market with numerous investment opportunities, and it's a great place to consider for your real estate ventures. I do contracting work around Ohio. Let me know if you need any help.
I may Harrison. Closing on one property soon.
Post: Questions from a new investor..... :-/
- New to Real Estate
- Los Angeles, Ca
- Posts 83
- Votes 63
Quote from @Gloria N Gear:
I am in indianapolis, here are the numbers I use.
Insurance 1% -- most of my properties are $80-$120 a month
Maintenace 5%
Repairs/Capex - 5% (but I try to front load my properties and take care of major items up front - like roof, HVAC, sewer, etc.)
Management - 10% (typical for Indy area property managers, some are less but you get what you pay for)
Utilities - my tenants pay for everything (including lawn care and snow removal) I have one property that has shared water/sewer for 2 units - I charge each tenant an extra $40 a month in addition to their rent to cover that.
(FYI - i am mostly single family, but have one duplex) be happy to chat more if you have more questions.
I'd love to learn more. I will message you
Post: Investing in sketchy areas....
- New to Real Estate
- Los Angeles, Ca
- Posts 83
- Votes 63
Quote from @Sean McKee:
Quote from @Carlos Quiros:
Hello all-
I am looking at a few properties, one in particular is fully remodeled, has tenants but after asking questions about the area on a facebook group I am told that gunshots are heard in the area and police are present often.
Is this an area where as an investor one sees opportunity with a unit thats fully renovated and a start to beginning to gentrify an area or an area where you'd rather avoid until more people jump into that ship
Any advice would be helpful & appreciated
Carlos
Carlos talk to people that either live in the area or invest there. There are gunshots by one of my properties and gang activity. I have no issues (knock on wood) finding qualified tenants(not gang bangers). There’s less than a 2% vacancy rate. The tenant base can be harder on the units, but that can be factored in.
There are definitely areas that you should not touch. However you have to be able to get the true investment picture and not just opinions from people that don’t actually operate there. You also should determine what your personal tolerance is for any particular market.
Where are you investing in? What city is this?
Post: Michigan City, IN
- New to Real Estate
- Los Angeles, Ca
- Posts 83
- Votes 63
I have been hearing good things about this area. Does anybody have any insight? Investors here already? etc....
Post: Racine, Sheboygan & Kenosha
- New to Real Estate
- Los Angeles, Ca
- Posts 83
- Votes 63
Looking at these areas to invest. Does anybody have an insight? Realtor relationships? Cap rates? etc...
Post: investing in sketchy areas...
- New to Real Estate
- Los Angeles, Ca
- Posts 83
- Votes 63
Quote from @Scott Allen:
@Carlos Quiros What neighborhood in Columbus are you looking at?
South Linden
Post: Investing in sketchy areas....
- New to Real Estate
- Los Angeles, Ca
- Posts 83
- Votes 63
Quote from @Ricardo R.:
@Carlos Quiros no worries Carlos. Well 'C' areas may or may not be too bad; but I think we are on the same page, shop the neighborhood... it's a long term investment, so you will be happy you did. I'm in Michigan, so we certainly have some war zones and D neighborhoods (Detroit and flint) and we also have some A's and B's but really... B's are what we aim for. I sent you a DM on BP; if you can assist it would certainly make my day.
Post: Checking Rental History...
- New to Real Estate
- Los Angeles, Ca
- Posts 83
- Votes 63
Quote from @Michael Smythe:
You should have put a clause in purchase contract to get Rent Roll BEFORE the closing.
That's a good idea
Post: Checking Rental History...
- New to Real Estate
- Los Angeles, Ca
- Posts 83
- Votes 63
New investor question here....
When looking at a property with tenants in there already is it common place to contact the property management company and ask if they pay on time or is there another method to finding out if you're about to invest in a headache or not.
Post: Checking Rental History...
- New to Real Estate
- Los Angeles, Ca
- Posts 83
- Votes 63
New investor question here....
When looking at a property with tenants in there already is it common place to contact the property management company and ask if they pay on time or is there another method to finding out if you're about to invest in a headache or not.