All Forum Posts by: Jesus Santoyo
Jesus Santoyo has started 7 posts and replied 48 times.
awesome man!! You are already better of than most ppl!! Congrats and stay on track mate hoping you and I one day can have our time back!
I will suggest a conventional loan or an fha both to be owner-occupied - I will stay away from DRSC and commercial loans at this time due to the high rates. Househack for 6-12 months and refinance in 18-24 months and you will be okay
Post: Mexico Investment or Vacation Home
- Posts 49
- Votes 29
Hi All!
I wondered if anyone has invested in Mexico- I have dual citizenship- Mexico and the US.
I would love to buy some land or a property in the Oaxaga region but wanted to learn more about financing land or RE.
I am also curious if anyone has worked with a US bank and leveraged RE to finance RE in foreign countries-
Will love to hear opinions, advice, and ideas on how to make this happen.
Post: 5 Year Plan For Success
- Posts 49
- Votes 29
Quote from @Nicholas L.:
why not sequentially house hack instead?
I agree with Nicolas, Househack for a few years and learn your market/block/zipcode- You are on the right path - Wish you the best in making this decision! Let me know if I can help in any way.
Post: Why is Milwaukee, Wisconsin one of the hottest markets in the US in 2023?
- Posts 49
- Votes 29
Dont currently invest in the market but living from Chicago all my life- I have seen MIlwaukee and a few other cities in WI continue to grow and develop their neighborhoods, cities, and counties- I see the MW continue to grow at a slow turtle rate but if you have time on your side, I would put my $ on some of the areas in MI, Racine, Madison, GB and Kenosha - Closer to the water the better --
Brett!
Happy to help-
I am currently house hack and looking for my third - I am happy to share the processes that I have used in the past to narrow my options and answer any questions you may have-
Happy to have you be part of this amazing community!
Post: New 25 Year Old Chicago Investor Looking to Connect and House Hack a Multifamily
- Posts 49
- Votes 29
Luc,
I agree with the gentlemen's advice above me- Start slowly learning about the city and the people that live in the area- I am a big fan of following the L - I tried to look at areas that are near any train stop as those are areas where the city corridors are. Commercial spaces/restaurants are present, which usually attract residents. The green and -pink lines and a few stops along the red line are areas that may have more lead way to growth (C/C-) neighborhoods personally, I don't mind them as I tend to be an active investor and create personal relationships with my tenants.
Quote from @Savannah Remkus:
Big congratulations @Jesus Santoyo on passing your test!! One out of the box idea is use any connections within the industry that are NOT realtors to ask around about brokerages. As a lender, I work with hundreds of agents every year and feel like I have a pretty good grip on most of the brokerages and teams in the area! Happy to be a resource!
@Savannah Remkus That's a great idea- Appreciate the help!
Quote from @Mark Ainley:
@Jesus Santoyo Whats up and congrats! happy to provide you additional guidance and options if you want to give me ring or shoot me an email!
Mark!! Thank you! A big fan of yours! Appreciate the help and will follow up with you.
Quote from @Jonathan Klemm:
Hey @Jesus Santoyo - Congrats on passing your real estate license exam!! That's a huge a win!!
As far as finding the right brokerage - I think you need to consider what you want to get you out of your license. i.e, do you want to make a career out of it? Do you just want to just use it for your own transactions? Do you want to work with homeowners or real estate investors?
Often it's best to start a brokerage that has some clear training and processes to learn from (like Coldwell Banker or Keller Williams)...I personally did the opposite here in Chicago. I found an investor friend who had a brokerage and hung my license there...I had to learn a lot more on my own.
I ended up getting my managing broker's license and now our brokerage works specifically with investors. If you want to talk in more detail I'd be happy to connect.
@Jonathan,
Yes, having a good W2 job allows me the ability to continue to invest- However, the goal is to eventually leave the industry and move to RE full-time in the next 2-3 years. As far as who to work with for me at first grasping all the knowledge that I can is extremely important as I see this as part of paying my dues- The $/transactions will come as I invest in my education and build the right type of networks and self-discipline.
Love to connect Ill DM you and we can talk further.