All Forum Posts by: Ricardo Hidalgo

Hi. I am very new so please be kind if my question is too general as I understand that lots of factors can come into play but for those of you more seasoned investors, if you had the opportunity to invest in those 3 areas for a new STR or MTR in today's market which area would you focus if any? Thank you in advance for any input/advice you can offer this newbieC

Need a bit of help as I'm approaching decision paralysis - I'm looking for recommended cities to invest in for STR. Trick is im planning to manage everything remote and/or use a management company. I was looking in Scottsdale, AZ because my brother lives there and can help just in case - but I know Scottsdale is very saturated and highly competitive - so I'm now looking into other locations too. Can anyone recommend other regions / cities that are hot / up and coming? (Would also consider international too)1

Pre-approved at 700k and ready to purchase any time. Not looking for anything with HOA. Willing to do a renovation if needed.

Any input is greatly appreciated as I am a first home buyer and want to start off on the right foot. 🙃

I recently moved from Connecticut to California. I own some units back in CT and sell Real Estate as a residential agent in both markets. 

I have not picked up any new units since 2021. And am looking to get back into buying pretty heavy. 

What I have learned in the year I have been in CA is I do not want to invest in long term rentals in this market. At least not right now. Cash flow does not seem to exist on small multi family. I do not want to invest for appreciation especially seeing as where the current prices are now. I just don't see them getting much higher in the near future. It's already extremely affordable as is in CA today. 

So im looking to invest out of state. Looking at some deals in CT where im from, but also looking to invest in other markets such as ohio, or indy. 

Curious to see what everyone who is investing OOS is looking at as far as markets go! 

Hey All! 

I am wrapping up my first fix and flip deal and am set to net roughly $100k. 

I am looking to scale efficiently towards the multi family space. 

Looking for advice on two things: 

1.) Maneuvering through a 1031 exchange and options to be able to extend the timeline. 

2.) Do I go big or go home on a bigger deal? Or go for multiple doors? 

Any feedback pertaining to similar circumstances please let me know. 

Looking forward to expanding!!

So I’m coming to an end on a renovation that I planned to hold as an LTR. I’ve also been eyeing a flip that’s being complete down the road but I’d only be able to make the deal happen if I sold my current project and used the profits. It will bring in similar rents and cashflow. The reason for consideration is that it has slightly higher finishings, is basically a new build as it was redone from the bones (mine was not,) and less oddities. There are more renovations in the future on my current project, just not due yet.

My question is when or how do you determine the trade off value of losing your equity (selling current house) for a house that’ll require less future maintenance?

I've only been an investor for the past 10 years, so I realize I'm relatively new at the game. 

One assumption that I seem to keep hearing about is that the Midwest/South is for cashflow, while the coasts are for appreciation. Based on what I've seen over that time period, however, I'm not sure that this is true.

While properties on the coasts are certainly more expensive, in terms of % growth I've actually seen higher growth in smaller markets. Ex. homes in Detroit, Charlotte, Cleveland that I picked up for $50k-$100k four years ago have now doubled, while homes in the Bay Area have gone up by 20-25% (ex. a $2mm home is now $2.5mm). On top of that, the cash flow is MUCH superior to what I've been getting in the Bay Area (like 3-4x). 

If someone could let me know if there's something I'm missing here, I would greatly appreciate it. Thanks!

Looking to purchase something beachfront and hold as a STR/MTR. I have 1 MTR I just rehabbed bringing the value to 160k which is my needed DP for the STR on the beach. Banker is telling me investors are being pushed out of the market and the terms they can offer are unfavorable. 5/7 year ARM 7.5%. I've been hearing about DSCR loans but not sure what banks do them. I've got other properties that are full of equity and are cash-flowing. Any ideas better than cashing out the new MTR for the down payment? I've got one cash out refi but I don't wanna get another one of those ARM products because that can get risky if the economy worsens. Thanks ahead of time.

I hope everyone is having a blessed day, I currently work a job in logistics and after everything I am able to have roughly 3000 in free cash flow (I am fairly frugal). What would be the best way to use that to make minimum 10k a month starting out. I’m not in it for the money but I do understand that goals are important. Those who enjoy to walk will walk farther than those who focus on the destination. I enjoy to walk, and am not afraid of hard work. I am willing to put in the 10,000 hrs required to master a skill. My goal in life is to provide an insane amount of value to those around me. Nothing is going to stop me. 

I am super new to this, but I figured instead of sitting on 120K cash, I should do something with it like invest in my first rental! :D I am looking to do the BRRRR method. I am thinking I need to build a team first and I would like to work with a wholesaler to get started. What is the best way to search for properties? I am open to all and any ideas/thoughts! TIA

Hi I'm looking to invest in a property that will generate some cash flow preferably in Florida.  This will be my first investment property.  I currently have about $60k to put down.  I've been looking at properties in Gainesville, Orlando, and Tampa/St Pete.  I appreciate any input.  Thank you in advance