All Forum Posts by: Josue Rivera

Good evening ,

hope all is well , im traveling on march 13 to puerto rico and would love to connect with active investors in the island. I currently live and invest in atlanta metro (georgia) but my parents are originally from the island. Lets chat and connect and see how we can add value to each other. 

@Jeff Willis thank you 

@Jeff Willis is located in a laid back county were permitting Is not really and issue 

hello fellow investors happy new year. I own a SFH which has a two sided garage, the left side of garage has been turn into a small apt unit. The right side still remains, I was thinking of turning this side also into a small unit and doing short term rental (Airbnb , traveling professional site, etc) since the units are next to each other was thinking of soundproofing this new unit to reduce noise complaints. Is this a good idea ? (FYI there is plenty of parking for 4-5 cars ) any issues I may encounter ?

@Guifre Mora the house is in a hot secondary market. Purchased it with a hml for 80k 35k for rehab .115k is recorded with hml in addition I had to put 30k out of pocket for unexpected expenses. Would like to take out of the property 150-155k.  House will easily appraise for 185k-190k.  
is a 4/3 now with a garage unit. Rents $950 for garage unit $1500 for main level.  

@Jeremy Lewis correct not yet. But I will 😨😨

@Guifre Mora not yet planning to rent it out starting first week of January 

Looking to cash out refinance out of my hard money loan. House is only season at 3months please help 

@Caleb Jordan thanks for your input. I will do some more digging see if I find a lender willing to do this.  Thank you 

Arv is conservative and ran under a 3/2 scenario, the house will be actually a 4/3 once rehab is finished. Thanks for the insights @Tim Johnson