All Forum Posts by: Arnel Bueno

@Scott Morongell Thanks and I absolutely agree that one needs to be persistent to achieve a certain level of success in this business. My goal is to gain as much knowledge and experience as I can and do this thing full time in a year or two. I would like to know more about your projects. Whats a good way to reach you?

@Michael Ealy  Thanks Michael. I definitely would like to be involved with MF but like you said the key is finding the right deal that makes sense with good cash flow.

@Eric Johnson  Thanks Eric and I'm looking forward to hear from you soon. 

@Loren Jacobs  Thanks Loren

@Bjorn Ahlblad  Congratulations and thanks for sharing your experience.

@Ronan Donnelly  Thanks Ronan for the tip.  

@James Carlson

Hi James,

• -- Do you live in Colorado Springs?   Ans. Yes
• -- If you live here, do you already own your primary residence or will this be your first real estate purchase? Ans.  I own my primary residence free and clear and no this is not my first real estate purchase.
• --- If it's your first, are you looking to house hack this property? House hacking -- either with a rent-by-the-room model, short-term renting/Airbnb-ing a separate basement, or a traditional duplex/triplex/etc. house hack -- is a great entry into real estate.  Ans. Not really interested in house hacking.  Looking more into MF investments.
• Have you talked to a lender yet? Ans. Yes 

Like some members in this forum I'm also new to investing in multi-family rentals but I've been educating myself about it for the past couple of months. I'm a little late coming(hopefully retiring in about 5 years) in to this field but I think I have enough resources to (cautiously) dive in and get my feet wet. With my primary residence free and clear and using the equity on it with an average 830 credit score our local credit union estimated that I can qualify up to mid 200k on a heloc. I am mostly invested in index funds on my retirement and non retirement accounts and have had tremendous gains past few years but the uncertainty has always been a concern. From what I've read so far investing in 5-plus unit apartments would make more sense and may provide better ROI than single family assuming good cap rates and cash flow. Not sure if I can find potential investment here in Colorado Springs area since the market here seems to be peaking at the moment. I've also looked at some RE syndication companies offering attractive IRR with some tax benefits. I'm pretty sure I'm not the only one in this community with a similar situation and experience and would like to know what you think. Thanks and I appreciate your comments.

Hey Alex Wojcik . I bought an investment property in Vegas back in 2007 per recommendation from a realtor friend. I really did not know what I was getting into and did not do due diligence before I bought it. I rented the property with negative cash flow for about three years and finally sold it in 2011 with a realtor who specializes in short sale. I lost a few bucks from that transaction but I did learn a few things about investing in real estate. 

Hello. I'm not really new to real estate investing but just getting back after a bad experience during the last downturn. Hoping to learn more from other member's experience and success.