All Forum Posts by: Luis Saldarriaga

Investment Info:

Single-family residence buy & hold investment in Miami.

Purchase price: $325,000
Cash invested: $325,000

Condominium rental real estate

What made you interested in investing in this type of deal?

The owner died and family desperately needed to sell

How did you find this deal and how did you negotiate it?

Through wife who is also in real estate

How did you finance this deal?

Cash

What was the outcome?

Great value with equity increase

Lessons learned? Challenges?

Assessments from management’ and lease prospects that are good tenants

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

No

Investment Info:

Industrial industrial investment investment in Miami .

Purchase price: $150,000
Cash invested: $150,000

Warehouse leasing

What made you interested in investing in this type of deal?

low maintenance , no hassles, simple long term leases

How did you find this deal and how did you negotiate it?

Loopnet and online searches

How did you finance this deal?

No

How did you add value to the deal?

It was a new constructions

What was the outcome?

Good cash flow

Lessons learned? Challenges?

Easy to maintain, easy to lease, challenge is change of management teams

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

No

Investment Info:

Industrial industrial investment investment in Miami .

Purchase price: $150,000
Cash invested: $150,000

Warehouse

What made you interested in investing in this type of deal?

low maintenance , no hassles, simple long term leases

How did you find this deal and how did you negotiate it?

Loopnet and online searches

How did you finance this deal?

No

How did you add value to the deal?

It was a new constructions

What was the outcome?

Good cash flow

Lessons learned? Challenges?

Easy to maintain, easy to lease, challenge is change of management teams

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

No

Investment Info:

Office Space buy & hold investment in Coral Gables.

Purchase price: $470,000
Cash invested: $470,000

Office space to lease

What made you interested in investing in this type of deal?

Wanted an office to own to use and ended up leasing it after two years of owning it.

How did you find this deal and how did you negotiate it?

LoopNet and and walking around Coral Gables and Coconut Grove, Boots On the Ground work.

How did you finance this deal?

No paid cash

How did you add value to the deal?

Updated floors added movable walls and painted.

What was the outcome?

Good investment

Lessons learned? Challenges?

Management commitments to update building, Possible forced sale when notes of buildings are purchased, It is getting harder in this area to buy office space in buildings

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

No