All Forum Posts by: Jesse Flores
Jesse Flores has started 2 posts and replied 47 times.
Post: BPCON2021 conference meetup
- Investor
- Harlingen, TX
- Posts 50
- Votes 28
Oh yeah… governor's suite sounds sweet! We are going to be a dime a dozen…
Post: $215K down to $198 but all CASH!
- Investor
- Harlingen, TX
- Posts 50
- Votes 28
@Boone Tyson you going to BPCON2021? I certainly hope so we can do a meet and greet…
Post: BPCON2021 conference meetup
- Investor
- Harlingen, TX
- Posts 50
- Votes 28
@JB Klein 2nd an 3rd I’m meant…
Post: BPCON2021 conference meetup
- Investor
- Harlingen, TX
- Posts 50
- Votes 28
@JB Klein I’m in. There are also a few people meeting at the Sheraton bar on the and third. Thanks!
Post: BPCON2021 conference meetup
- Investor
- Harlingen, TX
- Posts 50
- Votes 28
Originally posted by @Paul Burger:
@Jesse Flores
@Matt Defore has a ticket available.
BIG thanks @Paul Burger! Thank you fellow BP'er! I think this calls for a drink (or more). Appreciate you sending me the info. We are good. See you there. Again BIG Thanks!!!...jesse
Post: BPCON2021 conference meetup
- Investor
- Harlingen, TX
- Posts 50
- Votes 28
Originally posted by @Paul Burger:
@Jesse Flores
@Matt Defore has a ticket available.
@Paul Burger BIG Thanks! I’ll reach out!!!
Post: BPCON2021 conference meetup
- Investor
- Harlingen, TX
- Posts 50
- Votes 28
Originally posted by @Paul Burger:
Got my flights booked - but the tickets are sold out :(
Anyone not going or have a spare ticket I can purchase? Please!!
Same here... Booked flight and room at the Sheraton and sold out. Ditto on 'spare tickets'...
Post: $215K down to $198 but all CASH!
- Investor
- Harlingen, TX
- Posts 50
- Votes 28
@Boone Tyson that sounds good. I’d be happy to attend. Let me know details and my wife and I will attend (of course that depends on if her schedule is open - LOL). Thanks Boone. Keep me posted! Best regards, Jesse
Post: $215K down to $198 but all CASH!
- Investor
- Harlingen, TX
- Posts 50
- Votes 28
Originally posted by @Jaquetta T Ragland:
@Jesse Flores congratulations on your purchase. Just curious on why you didn’t finance it?
I just retired and was given a buyout and I also sold my home. I was living on that $ and had no income. That is the gist of it. No income. Now thinking about doing contract work part time. That should be enough so this doesn’t happen again. Thanks Jaquetta and best regards!...Jesse
Post: $215K down to $198 but all CASH!
- Investor
- Harlingen, TX
- Posts 50
- Votes 28
Originally posted by @Christian Sobiech:
I would strongly suggest to not invest anymore money into this property, only necessary cap ex and R&M. If it's rented why do additional unnecessary improvements? At the current amount invested 198k and 1500 in income your sitting at .75%, even if you raise rents by 30% you wont hit the 1% marker and thats on the back end after operating it (your suggesting it needs improvements to get these rents?). Granted the 1% rule is very general and if you're in an expensive market you need to aim way higher. You seriously need to take a look at the opportunity cost of your cash. Also be VERY careful with inherited tenants.
Maybe I wasn’t very clear. I will not be doing any improvements. The duplex is in very good shape for a 15-16 year old property. I’m thinking down the road when I raise the rent. I will not spend much either. Now the ‘inherited tenants’ got me thinking. Can you elaborate so the rest of us are enlightened? Thanks Christian and best regards!...Jesse