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All Forum Posts by: Lorraine Patterson

Lorraine Patterson has started 21 posts and replied 93 times.

Post: First time with new construction: Cape Coral, FL

Lorraine PattersonPosted
  • Rental Property Investor
  • Queens, NY
  • Posts 94
  • Votes 27

Hello Don!, I have a home in SW Cape Coral. And I'm looking for land to build, in the same location. I've just begun researching, I would say about a month or so ago. A few questions if you don't mind answering.

1. Did you work with a realtor to help find land?

2. Did  you pay cash for the land?

3. How did you locate a good builder?

4. Do you pay the builder upfront costs?

5. What kind of loan for this type of project, construction?

Thank you!!!

Post: Pros and Cons on investing in Mexico

Lorraine PattersonPosted
  • Rental Property Investor
  • Queens, NY
  • Posts 94
  • Votes 27

It went well, and he explained the process of new developments much clearer. I also got great advice from @Mike Lambert.

I'm interested in Tulum, but my real estate agent is also sending me properties in Playa de Carmen. But I'm most interested in the new developments in Tulum, so that is my main focus. 

Post: Pros and Cons on investing in Mexico

Lorraine PattersonPosted
  • Rental Property Investor
  • Queens, NY
  • Posts 94
  • Votes 27

Thanks so much, I will reach out to him.

Post: Pros and Cons on investing in Mexico

Lorraine PattersonPosted
  • Rental Property Investor
  • Queens, NY
  • Posts 94
  • Votes 27

I would love to hear from anyone who, or is in the process of investing in Mexico or RE agents that are familiar with the buying and lending process. There is a new development and I've just begin working with a Real Estate agent today and he has given me some info. and we are getting on a phone call tomorrow. Any advice would be much appreciated. Pros and cons on investing, what to watch out for, etc.

TIA!

Post: Sant Fe, NM-What do you think of this Market?

Lorraine PattersonPosted
  • Rental Property Investor
  • Queens, NY
  • Posts 94
  • Votes 27

thank you!! Appreciate your response.

Post: Real Estate Investing in Puerto Rico

Lorraine PattersonPosted
  • Rental Property Investor
  • Queens, NY
  • Posts 94
  • Votes 27

hello @Lillianne Echevarria, I'm looking into investing in vacation rentals in Puerto Rico, I have one in Florida, and I'm in search of my second one in Puerto Rico, is there any agents that you can recommend? TIA!

Post: Sant Fe, NM-What do you think of this Market?

Lorraine PattersonPosted
  • Rental Property Investor
  • Queens, NY
  • Posts 94
  • Votes 27

Hello all, 

Any Sant Fe, NM hosts or agents that can give me a little info. on the market there. Is it STR friendly, is the demand there or oversaturated? I own one STR and just begun my research on purchasing another. I'm from NY and do great remote managing, so I'm open to any market, Starting with this one.

TIA!

Post: Is liability insurance required or recommended

Lorraine PattersonPosted
  • Rental Property Investor
  • Queens, NY
  • Posts 94
  • Votes 27

Hello BP, my vacation rental is by or on a body of water, I'm allowing the use of my Kayaks, is there any type of Liability Insurance I should purchase? Thanks!!!

Post: Catskill and Adirondock

Lorraine PattersonPosted
  • Rental Property Investor
  • Queens, NY
  • Posts 94
  • Votes 27

@Account Closed prices are up and numbers may not work, unless I find a hidden gem :) 

Thanks Guys!!

Post: Catskill and Adirondock

Lorraine PattersonPosted
  • Rental Property Investor
  • Queens, NY
  • Posts 94
  • Votes 27

Good morning, anyone familiar with STR's in upstate New York, preferably Catskills and Adirondock. With the research I've done I can't find any solid answers or info. Any realtors or hosts that can give me some helpful advice, would be appreciated. TY!!!