All Forum Posts by: Juan V Lopez

Phillip, if you weren't able to find someone, let me know. My brother in law is a contractor and well connected to all trades here in Las Vegas. With you the best.

Wow, this is fascinating @Robert Adams – thanks for compiling. Good to give your clients a perspective on how much it costs them to sit back and wait.

Hi John, good insights. How long have you been in the Vegas market? Inventory has greatly shot up in the last few weeks, so we can see the slowdown. But just getting back to normal speed, in my opinion.

Sounds like a great event to learn a lot! Look forward to seeing you guys there, Chad.

Hey Nick, in my opinion, direct mail marketing still works but it must be very targeted and specific. Too much mail just gets tossed in the trash now before it's even read.

If you're looking for high ROI on marketing for inbound leads, social media marketing is unbeatable. The targeted reach, cost per acquisition, budgeting, speed, metrics ... there's a reason billions of dollars are poured into digital marketing daily.

I like to look at marketing from the perspective of: What would catch my attention as an investor? Most of the mail I receive that's making offers on my properties, I throw away. But I do like when people have a strong online presence since that's where I spend a lot of my time.

Wish you the best in your ventures, brother.

Fantastic BRRRR, Pat - great work!!!! Do you live in Reno and invest in Missouri? I lived in Reno for 8 years and got my masters at UNR. Happy for your success, brother.

Hey Jesse, you'd most likely be looking at a hard money loan to be able to acquire this investment property.

Many hard money lenders are charging anywhere between 10%-18% interest these days. These are high-interest, short-term rates.  We have to think about it from their perspective too – if they are lending hundreds of thousands of dollars to a new investor on a project, they are going to protect themselves by charging decent interest rates and origination fees.

Once you have more than 5 projects completed, many lenders will view you as "experienced" and give you better rates.

I would search for hard money lenders in the TN area, ask them for their rates, liquidity requirements and any other requirements from their investors. Hope this helps brother.

Wow, Don. Sounds horrible. I'm sorry you guys had to go through that.

Hosts like that make it even more difficult for people trying to do business the right way. Crazy that some people can put forth the absolute least dog sh*t effort in a property listing and be protected by a big company like AirBnB. While good, responsible owners are striving hard to keep their places nice.

Just upsets me, but good on you for being stern and demanding about your full refund.

@Chanelle Henry - welcome to real estate!

Step 1: Leave the mindset behind of "this is saturated." Any industry is saturated if you look at it – hundreds of thousands of people got into real estate, stocks, sports, teaching, investing, crypto, writing books, etc, before you did. That doesn't mean the opportunity is closed for everyone else.

Step 2: Get good. Really good. The market may be saturated with a lot of wholesalers, realtors, investors, etc, but a lot of them suck. Focus on doing what you do well consistently, provide excellent service and become a trusted resource to people – not just a spammy wholesaler like 99% of others out there.

Don't give up before you start.

$300K equity – what a great problem, to have @Faith Roy!

Honestly, I don't think I've encountered a situation like this before but if I'm understanding you correctly, you want to avoid capital gains when you sell both houses correct? Here's a scenario:

1) House 1 – Continue to live in house 1 until the 2-year mark has passed, then sell if you are comfortable where the market is at.

2) House 2 – Finish remodeling it and hold it until the 2-year mark has passed. Then sell it afterward. You might still be taxed, but it won't be at the highest range. An accountant can clarify this.

Others have mentioned 1031s, which is also a great option if you just want to keep that money inside of real estate. I've done 2 1031's and it's a seamless process if you have a good intermediary. Hope this helps and wish you guys the best.