All Forum Posts by: Polo Vazquez

DM'in you

San Antonio does have very good appreciation. However it has become harder to find properties that cash flow because home prices have been going up by 6% yearly but rents have not. There's also not very many du,tri, fourplexes here. People just don't build them very much. If you are looking for cash flow I know of a place where you can achieve that. You can sometives even meet the 1% rule. Fourplexes go anywhere from 250k to 430k.

Hey! Give more info. Are you looking for 2 to 4 units? 200+ units? Do you have a price per unit range? Is there any area of the USA you prefer? Things like that help us give you better suggestions.

BRRRR is by far the best strategy but it can be hard to execute. You need to find a property that is discounted pretty good so you can get most of your money out after financing. There is a way around having to wait 6 months to refinance. The trick involves lending yourself money from your LLC to you. Let me know if you want more details and I'll find the post that explains it pretty good.

It's gotten pretty hard to find properties that meet the 1% rule on the MLS. I suggest you use some of the creative marketing you mentioned.

Regards and good luck!

From what I undestand, if it has anything to do with housing you need to choose the housing cathegory or else it will get rejected. I need to select it everytime I advertise an open house or something like that.

24% CoC! Def buy!

Only reason I might not buy a deal like this is if it's on an area with very bad criminal record.

I use 5% for maintenance an 5% for capEx and I've never gone over. As far as insurance, well it depends a lot on the size and material the home is made out of, but for a small house $100 to $140 sounds about right

Unless you have shared meters then tenants usually pay their own utilities

Hey Eric. It's nice to see you are taking action! I was on the meet up as well. Anyway, you have a lot to offer! You know a lot of people as a pastor and most of us investor also have a full time normal for which we need referrals for! So you can always offer to give them free advertising. Also, most of us need contractors, painters software develops etc. You probably know a few. You can help people host presentation about whatever they do. Things like that.

Shoot a dm if you have questions. I really like meeting people and helping them out

 Same here hahaha. Interested as well.

buy a primary residence with 3.5% down. If you can house hack even better! If you can't do that then buy an outdated/ugly property in a decent neighborhood and fix it up as you live there. In a couple of years, move out an rent it.

If you do 3.5% you should still have money left over to buy another property. Do it