All Forum Posts by: Ricardo Hidalgo

We have about $170k in "bad" debt and our DTR is almost 50%. We are about to get $150k in cash from a business sale. Should we pay off debt or invest? I'm thinking pay off enough debt to get us to 30% DTR then invest in a STR.

This year we have bought 5 small LTR's and are under contract with our first STR. (All with an LLC) We are newbies and trying to get started the right way.

We are working with a financial advisor but I’m looking for other opinions. 

Hello BP Community, 

To all the Fix and Flipper's out there, I am curious about what everyone is doing to pivot and adjust their underwriting during these times.  

I have completed a few successful flips and generally speaking, Q4 is an amazing time to acquire the next project. However, with rates increasing and the market slowing, everything tells me to proceed with caution and be very conservative with underwriting. On the other hand, there are plenty of deals that are coming across my desk. I see plenty of investors out there that are very active and picking up solid rehab projects. I know that nobody has the crystal ball, but I'm curious about what investors are doing to consider their ARV in 2023, or if they think it's highly unpredictable.

My market is Denver, and although we are slowing, prices are not quite dropping as you hear in the headlines (depending on neighborhood location).  Although home values are a lagging indicator, we are still at about 1.8 months' supply of inventory, so we are technically still in a seller's market with a long way to go until we are in a market "of balance". 

Just interested to hear everyone's thoughts...

I have a general question about new construction. If you buy a parcel and develop on it, how are the lot sizes determined? Is that up to the developer or influenced by the municipality? Each lot would have its own address as well correct? 

Appreciate any advice on this topic. 

Thanks! Nick

500K should give me about 2.5 Million in real estate. Where should I be looking? I live in California, and 2.5 Million doesn't go very far here. Also any general advice from experience you can lend me so I don't make your mistakes. Wish me luck! 

I was recently passed down a property that has a return on equity of around 10%. The property is paid off in full. The logical thing to do should be to refinance the property and use the money for other investments.

The problem I'm having is finding another investment that cash flows me the same amount every month.

For example: this property cash flows me $4k monthly. If I refinance and pull a loan of $800,000, the debt service will eat away my cash flow from the current property and I can't find another property that will combine with the current property to cash flow $4k monthly.

Basically, if I refinance I will be cash flow negative from my current net income on the property.

Is it better not to refinance in my scenario?

Hey all, I was looking for some advice as to how to choose your investment vehicle. I have read about many different strategies, as well as heard real life examples from the BiggerPockets podcast, but I was wondering what the best way is to narrow down what real estate strategy works best for you. I know it varies from person to person and is based on finances and your personal time commit to your real estate portfolio. I was just wondering if any had some advice as to how they narrowed down their real estate path. Any advice would be greatly appreciated!

What are some things that you look for when choosing a market to invest in? I am just starting out on my real estate journey and would love some advice.

What are the scenarios that someone would sell a multi-family rental unit right now in the current market?

I'm trying to determine if I'm holding on to a limiting belief. 

i told myself I'd wait until we bought our next home, the "forever house," before buying investment property because we'd be less attractive loan candidates with the debt from investment property. Is that true? As long as there is positive cash flow, will banks look at investment properties favorably?

i have the forever home down payment set aside so that's not an issue. Forever home is pending our child finishing elementary, which would mean 3 more years of waiting to invest. I'm wondering if I can start investing now.

We're currently in a 3/2 SFH, A school district. I think I may want to keep as a rental as well since there's at least $1000 spread between my mortgage and rent prices.

I'm a newbie and looking for advice. My wife has recently received 100k from her employer. We are considering purchasing our second income property. My wife likes the idea of paying cash for a property in the mid-west and not having a loan. Our agent brought up a good idea that I like but my wife is hesitant about. Instead of spending all 100k on 1 door, buy 5 doors with 20k down on each. Thoughts?