All Forum Posts by: Erik Orozco

The March BP MeetUp is HERE!

RGV BP members will be meeting to discuss all things real estate investing. Bring your deals, challenges, questions. Please invite friends, family, and fellow investors. 

This meeting will be a Q & A Session with a panel of 3 Local Experts; Rick Lopez (expert on Tax Liens, off market properties, and creative financing), Jake Frey (expert on land flipping, wholesaling, and direct mail), and a local Real Estate Attorney. Our goal is for locals investors to connect and establish a growing group, where we can help one another. We welcome suggestions and any feedback from you all.

Doors open and networking starts at 6:30pm and will continue after the Q & A session.

*Food and drinks will be provided*

We will not be selling any products/services/courses. And we ask that anyone who attends honors this as well.

@Abiel De la Torre the next meet up is next tuesday the 10th! Look for the post under events in your area as the details will be given today. 

February McAllen MeetUp is coming up! 

RGV BP members will be meeting to discuss all things real estate investing. Bring your deals, challenges, questions. We hope to have several experts from different areas in real estate present: flipping, rentals, wholesaling etc. Please invite friends, family, and fellow investors.

Our goal is for locals investors to connect and establish a growing group, where we can help one another. We welcome suggestions and any assistance from you all.

The focus for this meeting will be an DEAL OF THE DAY/ANALYZE MY DEAL meet up! Bring any deal you are considering right now, whether it be a flip, wholesale, or rental we will analyze it as a group. Regardless of where you are at in the process;  escrow, option period, or simply running your initial numbers we can help! Be sure to bring any pertinent information in order to accurately assess deals.

Food and drinks will be provided.

We will not be selling any products/services/courses. And we ask that anyone who attends respects this as well.

Hey @Gerardo Balderas! No set date yet for our next meet up. Pencil it in for most likely the 2nd week of February. When I have exact details I'll let you know. 

@Boone Tyson thanks to you for hosting us at Keller Williams! We've received lots of positive feed back about the value we are providing investors in the McAllen area. Lets keep it rolling.

@Nischal C. welcome to BP! I agree with @Brian Simpson if Texas is a long term play for you it's worth hooping on a plane and visiting a couple of the cities you mentioned above and setting up your local team. Best of luck!

@Boone Tyson

@Mayra Alatorre yes those 2% and 50% rules are a good starting point. But to really determine what your investment will look like you have to dive deeper into the analytics. Anything from property taxes, property management, water covered by landlord etc can eliminate your cash flow.

Take into consideration that a 2 bedroom for $650 and a 2 bedroom for $800+ is going to be a different type of customer/renter. Also at $650 for a 2 bedroom apartment you'll most likely be purchasing an older building with more hands on management and maintenance.

I choose to go new construction at this time, like @Charley C. mentioned it has its benefits but you have to have a good relationship with a dependable builder.

@Erik Applegate great name! We have our Real Estate Investors meetup coming up Tuesday the 14th. Solid growing group that only adds value...everyone that has attended has at least a deal or 2 under their belt. No pitching or rushing to back of the room kinda stuff. If you'd like to get connected with an active investor, lender, builder etc. in the area send me a PM. 

@Charley C. what a great overall analysis of the Valley!