All Forum Posts by: Ricardo Hidalgo

I've posted a couple of times in the forums and I have already learned a load of new and useful information. I am once again asking for the wisdom of the BP community. My question is: 

if my goal is to generate cash flow in the short term, would it be effective to have a large portfolio of cash flow properties? Regardless of ROI, cash on cash, and other micro metrics used to determine deal viability. Then, reinvest and diversify down the line to create a more secure structure of cash flow after I've achieved my initial goal to general financial freedom by any means necessary.

The cash flow numbers would be ideally around 150-300 per door with roughly 20-30+ doors. Again, regardless of ROI and cash on cash, etc... Keep in mind, I wouldn't be investing if the ROI or cash on cash was atrocious, just if it were not ideal or below desirable.

I wasn't sure were exactly to post this so I picked BRRRR because it'd be the most likely method I use to obtain rentals. Any feedback would be appreciated and as always I look forward to seeing whatever collective wisdom there is to be shared.

Say hypothetically if you were to inherit/be gifted 100K, how would you start to put this money to work?

Hey BP agents, 

I'm a local lender with clients ready to buy down here in South Florida (Offices in Boca/Delray), and though I have several agents I work with locally I would really like to connect with someone who has a similar drive and sales ability to myself. I've noticed how important it is to have an agent on my team who can sell and communicate at a high level, so I want to find that visionary agent who's a real closer. Ideally you're also comfortable to get on video or speak to a crowd (webinars, promos, events, etc) 

Right now I have an excellent long term client looking to buy an investment property and I'm going to refer him to whoever I think is the right fit. Message me if you're interested in connecting. 

Tristan

I'm interested in starting out in STR. I own land currently but looking to start making cash flow now. What areas are reasonable to find a home for fix or flip or anything

Unfortunately I've been away for a few months while taking care of some personal matters, so I haven't been able to keep up on discussions. 

However, several months ago there were ample amount of folks here insisting that a market crash/ correction was impossible and that prices would only continue to increase.

Curious if there are still people out there who feel this way? If so, I'd love to see some data that supports your view that the market isn't going to crash/ correct. 

Hi everyone. I am  general contractor and thinking to build my first vacation rental.

I absolutely unexperienced in field of short rentals I have several questions.

1. Is it important you have vacation rental in Nice area and the house to be similar to houses in the neighborhood?

2. I'm thinking to build SFH with 5 to 6 bedroom with all en suite master bathrooms 2500-3000 sf AC area with 2 car attached garage, swimming pool, large covered rerar porch and nice entertaining outdoor space. Budget is 700 to 800k including land with final market value about 1 million. Projecting daily rent $600-$1000 a night.

3. Is there any special platforms or I can get for plans for the houses which is specially designed as vacation rentals?

4. Does it make sense to build 5- 6 bedroom home for the purpose? My opinion that I can comfortably accept larger groups of people and maximize price per night.

5. I'm trying to figure out the best type and size of house I have to build in terms of ROI.

Hey all - 

Wondering if anyone can give me some insight on some of the more profitable short term rental markets on the east coast. I am from PA and am very familiar with the Poconos area and all that is going on there right now. I am somewhat interested in hearing other markets in the other east coast states that are highly profitable and offer value as a short term rental. 

Thanks in advance for the help! 

Hello BP! I have the vision to create tiny home communities and am looking for those interested in the same thing! While I understand the laws are inconsistent from state to state, I believe it is a problem that if solved, could be a huge opportunity in the future. Please let me know if you are interested in Tiny Homes too so we can chat more! All the best!

What are your insights on Short-term rental demand as we go deeper into this (RECESSION) and interest rate hikes ? 

Hello everyone,

I’ve been studying real estate investing for quite some time now, but can’t seem to take the next step of actually investing. I am currently based in miami and have been looking into multifamily investing for over 4 years now… i know, its been a long time.

I have studied all of the different real estate investing strategies and valuation methods and feel very confident with my number skills, but struggle immensely with narrowing down markets and the strategy that i should choose. I get overwhelmed by the never ending amount of states, cities, counties and neighborhoods, and the different variations of investing such as flipping, renting (short or long term), developing, value add, wholesaling, or buying flat out land.

At this point i have managed to save up some cash and have the thirst of getting started. I would greatly appreciate if anyone with past investing experience would be able to jump on a call, or connect via email to help me make that next step and help me get the final boost of confidence i need to finally begin the real estate investing journey.

Thank you readers, for taking the time to help a fellow frustrated investment wannabe.

Best,

Oliver.