All Forum Posts by: Edgardo Matos

Thank you for the advice. I appreciate you taking the time to provide such a great tip. 

Investment Info:

Single-family residence fix & flip investment.

Here is my first diamond in the ruff. Everything is coming together so far ^_^

What made you interested in investing in this type of deal?

The Hidden Potential

How did you find this deal and how did you negotiate it?

Wholesaler ^_^

How did you finance this deal?

Hard Money

How did you add value to the deal?

Converting it from a small duplex into a 3 Bed 2 Bath

What was the outcome?

Still working the rehab

Lessons learned? Challenges?

I Learn a pretty hard lesson yesterday and it took me a day to understand it so I would like to share for future adventures with Private or Hard Money Lenders ^_^

Lesson: Make sure we understand everything about the financing and Draw schedules to the detail of what does the lender consider 3rd or 4ths on the Task of the Projects. Before releasing the first Draw.

@Mike Dorneman I have been looking and it sure been difficult, that is why  I posted in hope of someone that may have done it can advice on how to accomplish it ^_^. Thank you for your post.

I have a lot behind my primary home, Its paid off so i was wondering how can i use it or can i refinance it? I have seen lots in the neighborhood sell for 40,000.

Thank you very much for your replies, I always tend to get ahead of myself ^_^.

I am trying to figure out what is the best action to pursue in order to build the business. I am trying to figure out if I set up 3 LLC's one for Flips, one for Holds and one for operations or should start with a DBA and establish the asset protection strategy ones I begin to acquire properties and grow.

Thank you for your post Diego Guevara I really like San Antonio and as of right now im maneging the properties myself.I have, but im still dearly new to the real estate market so I try to do a lot of research.

Thank you Mr. Turner I really wasn't expecting a message from you at your level Bigger Pockets is awesome

Thank you Paul Timmins, very much for this post I will take a look at everything you suggested.

Thank you, @Will Prichet I am looking to learning and building a team with everyone here in Bigger Pockets.