All Forum Posts by: Sebastian Giraldo

@Devin Peterson I follow grant very closely and have been to bootcamps and growth cons. I've gone through his sales universities and still pay $500 for cardone U for my team. It is valuable. I've heard his RE content and can tell you the man is where he is at because he has been investing his whole life. I have not invested in cardone capital and doubt i will as i find, broker, and acquire, and renovate my own deals and have investors. 

My interpretation of yours and GC interaction: "PROVE THEM WRONG." Use any negative doubter or people how place hindrance as fuel to drive you forward. While something was off about the interaction because if you make $10k per month you should be able to finance something or just have some patience to build your client base and be able to bring in more per month. Persevere  - several of my friends who are lenders have 8+ units.

Hello @Shannon Butler finding a tenant can be easy if you've done it before and know what to look for. Transunion Smart Move is what I recommend to do credit and background check. Pets, service pets, subletting, furniture are important variables as well. 

A realtor will give you market rental price based on the comparable rented townhomes in the same complex or as close as possible to the subject property. Since the MLS has more exposure they will find you a quality tenant that will pay the asking price. Also the realtor should be able to refer quality contractors and make sure the job is well-done in case you need to improve the TH after tenant turn over.The catch is having to pay 1 month worth of rent for tenant rep and landlord rep commission.

Here is a link on the recently adopted Tenant Rights in Miami-Dade: https://www.miamirealtors.com/...

Hello Michael im currently renovating a triplex on 18th and Monroe St. There are some contact to share and also at one point i did STR on a SFH here. Glad to help!

Depends what kind of lifestyle you like. In terms of investment Miami, FL has tremendous developments in several areas, which will increase your probability of rental and property appreciation. 

Miami is been referred to the wall street of the south and Brickell as the Manhattan of Miami. Most recently with Illinois wealthiest man, Ken Griffin relocating his family and Citadel Securities HQ to Brickell, FL. 

As an investment I think you cant go wrong with either Austin or FL. Therefore it boils down to lifestyle you desire. If you value high walkability, beaches, boardwalk, 5star dining, cultural diversity, and ocean life you should go with Miami. 

You can also consider Short term rental with it while not in town so the investment can be an income producing asset and not a liability

Id consider having 2 security deposit rather than 1 security deposit and Last month. Giving you less risk in due case of a pet tearing the baseboards, doors, frames apart. 

Also charge a non-refundable pet deposit and $25 monthly pet rent. 
 

I just closed in 3-plex in Hollywood. 7 min Walking distance to Twin Peaks on. Hollywood Blvd. :)

Hey, @Max Burke and @Britt Smith I live in Brickell and it is a market of mostly appreciation. AND its easy to understand why; there has been a big push of fortune 100 companies expanding in the area. From Microsoft to Citadel Securities moving their HQ here. It is hailed more and more as the Manhattan of Miami and I believe it will be positioned as such. It is still early. 

With that in mind there are plenty of good condos it all depends of exactly what you are looking for in terms of budget, Condo dues, and year built. There are plenty of them regular non co-op buildings as well. As for Short Term Rentals in Brickell I believe there is a good opportunity here since there is only 4 Bldgs
(non condo hotel) which allow Short Term daily Rentals. 1 of which is Baccarat tower and is due for completion 2023/24. 

Barrier to entry: There is also no more land to build unless an old mid rise building is demolished. 

It is great that you are now at the point were you can distinguish a good deal from a bad deal. Good job on putting in the repetitions. 

For sophisticated, well-capitalized and experienced investors cashflow loosers are okay becuase they understand the long term pay-off will be worth it. With that in mind it is all about the exit strategy. 

For starters that are beginning to get a sense of real estate, tenants, repairs, contracts, etc it is not the brightest idea to start off with a risky, negative cashflow play. 

My advice to you @Ross Kline is to continue sifting through enough deals until you can identify the solid green positive cashflow investment after repairs and bringing rents to the market value. 

Lenders may call the loan due if you change the name on the deed of the property. While it may slip by unnoticed I'd advise to have this covered. Therefore I suggest buying under an LLC or other entity from the start. This also means that you'll have to put anywhere around 15-25% downpayment.

It is too soon and I am also a firm believer that "Its always a good time to buy a great piece of real estate."