All Forum Posts by: Ariel G.

Hello BP friends!

On March 2020 I bought a new construction single family home with a accessory unit for 725k I have been house hacking living on the in-law unit. The main house is a 5bed/3.5 bath with a pool and the other unit is a 2/1. Last year the main house grossed an average of $13,500/month and after all expenses I made about 8k month and have been living for free (that also includes my expenses). Based on comps it looks like I could get about $1.3M for the property now. I'm on a strong financial position and I have a 3 figure salary working for a tech company. I did refinance last year, currently I own 645K and have already recouped my initial investment. 

This property has provided great cash-flow and financial freedom if I decide to leave my job. Based on the strong appreciation Im wondering if I should sell and use leverage to acquire more properties. 

What are your thoughts?

Hi folks,

Would love to join the next meeting. When is it happening?

Hi folks,

I just purchased a condo near the Silicon Beach area in West Los Angeles and I am considering renting in out as corporate rental in a few months. I came a across a website called https://www.yourhomesuite.com. Basically the advertise furnished properties for short term leases (min 30 days) on different websites and their fee is a mark up of 5- 10%.

 I wonder if they are good at placing and screen tenants on a timely fashion. Has anyone tried them out?

Hi Thomas,

They lend money to investors for flips and developments. They claim their year to date return is  8.34% after fees and expenses, 18.79% on a compounded basis since inception which was in 1994.

- 25k minimum investments

- 12 months capital lock up

- currently about $10MM under management

Thanks!

Hi folks,

Has any of you invested with Windvest from San Diego? They have a investment fund option for non credited investors.  

Thanks!!

Hi John,

You can also get reliable data about short term rentals on the sites below. I've used airdna and everbooked and they provide a lot of key metrics on their reports.

https://www.airdna.co/

www.everbooked.com

https://www.mashvisor.com

Hi Everyone,

Very interesting topic, I also like the idea of building equity along with the cash flow and tax advantages of the buy and hold strategy, but I also believe it's a good idea to diversify somewhere to have liquidity. Tim C. which CF platform are you using for your investiments? 

I think that is a good idea, check out Aguadilla as well, it's right next to Rincon but a bit underdeveloped. If you go on clasificadosonline.com you can find local brokers.

Good luck!

Anyone knows a Real Estate agent familiar with VR regulations in Miami?

Thanks a lot!