All Forum Posts by: Diego Alvarado
Diego Alvarado has started 3 posts and replied 203 times.
Post: Rental Posting - Not many leads

- Real Estate Agent
- Flower Mound, TX
- Posts 206
- Votes 95
Hi Nicholas,
It is common in most market not to get a lot of leads, mainly when the price is high, but it takes around 2 weeks to a month to really find the right person.
Make sure that you are in the ranges that other rental properties are in your area.
Post: Creative Financing Alternative to MLS Listing. (Personal Home)

- Real Estate Agent
- Flower Mound, TX
- Posts 206
- Votes 95
Hi Hector,
I assumed that your house is expired now. I would need to know more to help you. What you are asking is the same question that everyone has when you start in real estate investment.
The solution for financing is what Jay mentioned.
I think you need a real estate agent that can help you here. Real Estate Agents should be the ones that should give advice on this.
Post: Portfolio Advice (Need help)

- Real Estate Agent
- Flower Mound, TX
- Posts 206
- Votes 95
Quote from @Nathan Frost:
Quote from @Diego A.:
Hi Nathan,
I would try to rephrase to make sure I understand better. You have two properties, which are in a blanket mortgage and you use a property management company to manage them. The numbers get tight as soon as you get some vacancy over the years.
Your idea is to grow your portfolio taking cash out of your 2 properties so that you can buy two more to balance and have better cash flow.
This is how I would look at it:
- Properties are constantly in red, if a few vacancies are causing you to get in red you are not building your reserve fund.
- To expand your portfolio you have to think on doing self-property management, or refinancing to get more properties won't resolve the issue and add more problems. You have to be careful on taking this decision.
Problems to solve:
- Reduce vacancy.
- Improve in property management.
Then you can think on expanding your portfolio.
A good investor would need to have the hands on the ground to make sure that they understand what is going on.
Yes, sure. DM and I would look at it and give you feedback.
Post: Anyone open for Partnership for Fix & Flips in Dallas TX, Experienced

- Real Estate Agent
- Flower Mound, TX
- Posts 206
- Votes 95
I am up to meeting other investors and discuss strategies and possible partnership.
Post: Portfolio Advice (Need help)

- Real Estate Agent
- Flower Mound, TX
- Posts 206
- Votes 95
Hi Nathan,
I would try to rephrase to make sure I understand better. You have two properties, which are in a blanket mortgage and you use a property management company to manage them. The numbers get tight as soon as you get some vacancy over the years.
Your idea is to grow your portfolio taking cash out of your 2 properties so that you can buy two more to balance and have better cash flow.
This is how I would look at it:
- Properties are constantly in red, if a few vacancies are causing you to get in red you are not building your reserve fund.
- To expand your portfolio you have to think on doing self-property management, or refinancing to get more properties won't resolve the issue and add more problems. You have to be careful on taking this decision.
Problems to solve:
- Reduce vacancy.
- Improve in property management.
Then you can think on expanding your portfolio.
A good investor would need to have the hands on the ground to make sure that they understand what is going on.
Post: Flippers, how did you figure out accurate pricing/negotiations with contractors.

- Real Estate Agent
- Flower Mound, TX
- Posts 206
- Votes 95
Quote from @Account Closed:
Quote from @Bryan Hartlen:
Quote from @Bruce Woodruff:
Quote from @Bryan Hartlen:
you can always negotiate and see if they’re willing to discount.
I’m assuming you can negotiate prices if you have experience with rehab costs. Would it be best to leave the negotiations out until you have more experience?
Few things here, first you can read "The Art of Negotiation" by Tim Castle.
Negotiation doesn't always mean to get the price down for the same work. Negotiation means to adjust our goals so we can get the same results. (Both be profitable)
In a contractor/investor relationship when built you need to find a real partner with whom you can negotiate so prices don't scale.
In the experience, there are some contractors that overpriced to mitigate the risk of the unknown. Other overpriced to get a higher margin depending on the area that the project is, the people that are dealing with, etc.
All this is in you to identify what best you can do with what you know.
At the end, this partnership will build on trust or you won't be able to sleep at night.
Post: Flippers, how did you figure out accurate pricing/negotiations with contractors.

- Real Estate Agent
- Flower Mound, TX
- Posts 206
- Votes 95
You might get a difference of 50% more or less between contractors, the idea as many here mentioned is that you have to make sure you itemize as much as possible.
Flipping is a project management work, and you have to be very organized.
Saying all this I was thinking that it should be a better way, this can be automated, but it seems that there is no something that everyone is willing to pay so that is why no much solutions out there.
@Clint Jusino I will reach out to get a peck on your spreadsheet, I am also planning on a new flip now and estimating cost is the most difficult part.
Post: Land Flipping Beginner

- Real Estate Agent
- Flower Mound, TX
- Posts 206
- Votes 95
Hi Ian,
In a recent episode of the BP podcast I heard saying one of the host (I don't recall who was), that he started making a deal with an investor with no money but he will do all the work. The caveat here was that it was family.
So answering your questions:
- A course could be good, but I haven't done any, always my recommendation is to have your hands dirty. Start low if possible, offering yourself to the companies, and listen a lot of podcast from people that did this.
- Partner is always better, but to put your name out there you have to do it yourself. All depends on your goals.
- It is possible, but it will be long hours.
- Walk the neighborhood and knock the doors, the conversion is greater but you have to be there.
Post: How to get ARV comps in TX?

- Real Estate Agent
- Flower Mound, TX
- Posts 206
- Votes 95
I would recommend to work with an agent. You can make it your own with Zillow or other looking at the sold data. That would give you an idea, but an agent will be a more precise ARV with real comps and also can recommend you the areas.
Metroplex is big so also check that the realtor is experienced in the market area that you are looking for.
Post: Transferring my home title to my LLC

- Real Estate Agent
- Flower Mound, TX
- Posts 206
- Votes 95
Hi Salvatore,
If you don't transfer the title and the mortgage to the LLC and do all the paperwork to show your LLC instead of your name, then you are still liable for any issue that happens to your tenant if they want to sue you.
Mortgage companies in general allow to transfer to an LLC after one or two years.
As Bill's mentioned, don't commingle funds is key as well, as soon as an LLC is open you have to open an LLC business account and everything towards the LLC goes there.