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All Forum Posts by: Alejandro Riera

Alejandro Riera has started 3 posts and replied 28 times.

Post: HELOC Closed! $94,000! It was quite an adventure!

Alejandro RieraPosted
  • Contractor
  • Texas, IN
  • Posts 29
  • Votes 11

Thanks for sharing, @Jake Recz. Excellent work. 

With this deal, you were through many aspects of real estate investing: select a property, close the deal, search for finance, rehabbing (forst hand), and deal analysis.

Great!

Post: Professional help to arrive at cost to rehab

Alejandro RieraPosted
  • Contractor
  • Texas, IN
  • Posts 29
  • Votes 11

Also you can find a house inspector. Their fee is usually around $300-$500. 

He can evaluate the general and particular state of every aspect of the house, and give you an estimate. Or you can take the report to a contractor and ask for his estimate.

Post: How much should I pay my realtor as an investor?

Alejandro RieraPosted
  • Contractor
  • Texas, IN
  • Posts 29
  • Votes 11

We are paying a reduced  fee of 4% to my realtor in Miami, as the buyer didn't came through another realtor. Only for this deal. 

Post: $50K Flip Property Success

Alejandro RieraPosted
  • Contractor
  • Texas, IN
  • Posts 29
  • Votes 11

Excellent work, Rodney!

Patience will reward you.

Thanks for sharing.

Keep the good work!

Post: 11-unit Multifamily Rehab with Pics

Alejandro RieraPosted
  • Contractor
  • Texas, IN
  • Posts 29
  • Votes 11

Excellent! Thanks for the pictures. NIce work!

Did you put granite in the kitchens?

If you can share some number on this investment and the monthly cash flow you are getting, we would appreciate it.

Thanks in advance,

Alejandro

Post: New investor in Miami, needs legal and tax advisers

Alejandro RieraPosted
  • Contractor
  • Texas, IN
  • Posts 29
  • Votes 11

Hi again!

I just came from my meeting with the CPA and attorney.

The both have plenty of experience in real estate, and also have worked with foreign RE investors, as myself.

We had a very useful meeting, and I clarified many concepts.

I am confident in their expertise and soon we will be doing business.

That's all for now. Bye!

Post: New investor in Miami, needs legal and tax advisers

Alejandro RieraPosted
  • Contractor
  • Texas, IN
  • Posts 29
  • Votes 11

Expecting a meeting with them next week. I'll keep you informed.

Post: New investor in Miami, needs legal and tax advisers

Alejandro RieraPosted
  • Contractor
  • Texas, IN
  • Posts 29
  • Votes 11

Hi everyone!

I am starting as an RE investor in Miami, FL and vicinity.

Mainly buy, rehab, sell, with some buy for rent in a future.

I am an urban planner from Venezuela and have a business master degree. I do some construction in my country, so I think I have at least the knowledge (and a lot of passion) to succeed in this business here in the US.

As part of my plan I need to build my team of advisers to work with. 

If you happen to know an attorney with RE experience in this city, I'd appreciate the referral, because I have many questions that need clarification.

And I would like to meet with a tax advisor in order to choose the best road to me as an foreign investor.

I think I am a good deal analyzer and know how to study the "urban dynamics" to help me find them.

I already have a property in Miami that is rented.

Thanks in advance to all of you that can give me a hand with this, and my bows for you that are experienced investors, contractors, landlords and advisers in this difficult activity.

Yours,

Alejandro Riera