All Forum Posts by: Miguel Hernandez

Hello BP members. My name is Miguel and I am from Southern California. I currently work a 9-5 job that I do not fully enjoy, I only work it to provide for my family. I currently have a BRRRR deal going on in on my target market of Wisconsin. This deal has taken much of my funds I had saved up.

Because most of my savings are in this deal (as well as planning for my wedding in a few months), I feel stuck. I honestly don’t want to have “financial freedom” where I never have to work again. I honestly love working. All I want is to be my own boss and own my own company. So I decided to start my own Property Management company and I would HIGHLY appreciate any and all help. I’ve done lots of research, mainly YouTube and Google lol.

But I want to get additional help. Can anyone recommend any books, websites, tutors, or give literally any advice that can be beneficial for my business? Thank you!

Hello I am looking for a hard money lender. I was speaking to one for awhile and we were suppose to close a fix and hold deal next week. The closing date is 4/20/22. If anyone is able to lend by the 20th please contact me. Thank you.

Thank you Bob that is definitely what I needed. Much appreciated I will comp only looking at MFR.

Hello BP members. I am in need of some assistance. I am planning to purchase a 3bed 2bath duplex in my market. However, when I run comps I am pulling lots of single family homes. Single family homes seem to have a higher ARV than a multi family. Am I able to still use the single family homes as comps if they have the same square feet, bedrooms, baths, etc?

Also my main goal is monthly cash flow. If I keep the property as a duplex I will receive more in monthly cash flow, but if I tear down a wall and connect the units the ARV will be higher, I just won't cash flow as much. Any help on what the smarter move here is? Thank you any help is appreciated.

Hello fellow BP members! I am a new investor from Los Angeles. Currently I am looking to purchase my first property in Wisconsin. Since I am from Los Angeles I do not know the affects of a snow storm, especially when it comes to real estate.   
I am looking for a fixer property, something that needs work so that I can BRRRR the property. My question is, will the snow drastically affect the rehab? Everything I do is virtual, so when I hire inspectors to walk through a property to give me an estimate of the rehab, is there a higher chance they'll miss something? Or do i just need a really experienced contractor? Is there any extra steps I need to take in order to purchase something during winter?

Hello BP members, I am an investor from Los Angeles. Currently I am looking for single family/multi-family properties in Racine, WI and Kenosha, WI. If you are in these areas please reach out to me. Since everything I'm doing is virtual, I'd love to network with people from that area. 

@Joe S. I agree, it’s pretty tough especially since everything is virtual. Would you recommend finding a contractor before I purchase a property and put it up for bids?

@Greg Kasmer Hey Greg thank you for that response! I’m still looking for a great contractor to work with at the moment, Thank you!

Hello BP members. Currently I am on the hunt to find and BRRRR a property 100% virtually. This is my first virtual deal and I just want to know from other investors what are your BIGGEST problems you face when going virtual? What things should I look for and put more focus onto? Any advice and skills will be highly appreciated so please let me know. Thank you

@Luke Trovinger thanks Luke Ill definitely touch up the curb view then! I do love in LA but I buy properties in Wisconsin. I’m going to contact some real estate investors out there and ask them their criteria. Thank you.