All Forum Posts by: Manuel Moreno Jr

BiggerPockets PRO Team,

What mailer companies are you using and highly recommend? Adding Inbound Channel

We are ready to begin our mailer campaigns, what companies do you recommend? What letters are you using that is getting the best results?

Thank you, please let me know how I can help you in any way too.

Manny Moreno

BiggerPockets Team, 

What mailer companies are you using and highly recommend? Adding Inbound Channel

We are ready to begin our mailer campaigns, what companies do you recommend? What letters are you using that is getting the best results? 

Thank you, please let me know how I can help you in any way too. 

Manny Moreno 

what do you use for batch email marketing to 15,000+ agents? We used Mailchimp and got flagged, any email marketing platforms that let you market to a mass amount of people? 

Thank you, Manny 

Thank you Glen and Nicholas! I will look into my local credit unions! 

Thank you Kerry! 

Owned a duplex for over a year now and has equity. I want to pull out a HELOC to buy the next 2-4 unit multi-family/House Hack in San Diego.

Thank you, 

Manny Moreno 

My goal is to get more lines of credit to one day use for my property expenses and let my cash flow pay of the debt. Eventually potentially use to invest in more real estate. Any other recommendations would be great. 

Thank you! 

I have my own Airbnb and it is doing well. As a result of documenting my journey and sharing my journey, I am attracting people who want me to begin putting their properties on Airbnb. What are the best tools and systems you use to manage other people's properties on Airbnb? 

Thank you, 

Manny Moreno 

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $825,000
Cash invested: $45,000

House Hacking a Duplex in Logan Heights San Diego. two detached units, the front unit is a 4/2 and the rear unit is a 2/1. I am going to live in the rear 2/1 with a roommate, and Airbnb the front 4/2 unit. Based on comps in the area I will cash flow anywhere from $500 - $1,000+ a month. Should be listed and rented out by 10/1/2022. Feel free to asking me how its going and how I found this deal.

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

I wanted to House Hack and live for free here in San Diego.

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

I found this deal through the Real Estate Investing Firm I work for. So I bought it off market and they helped me out. I was even able to finance the renovation costs as well!

How did you finance this deal?

3.5% FHA! I had a great lender and the seller was willing to work with us to get it across the finish line.

How did you add value to the deal?

I was able to finance an additional 75k to go towards renovation, and the ARV will be around 950k when done.

What was the outcome?

TBD, is currently being renovated. My project profit should be around $500 - $1,000 a month in cash flow when listed on Airbnb and rented to a roommate.

Lessons learned? Challenges?

Challenge was buying this wholesale with an FHA loan, but with the right lender and people on my team, we were able to get it closed! The lesson, to be patient and take action!

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

Yes, my lender who is a multi-family investor himself and was able to be creative and resourceful to solve the challenges we faced. Highly recommend him and text me if you need a excellent and investor savvy lender! 530.801.1644

@Manny Vasquez @Alex Renteria

We can do either, lets's connect and see if we can close some of these properties together.