All Forum Posts by: Carlos Altamirano

Hey @Jim Johnson I am underwriting at mobile home park in South Texas. I underwrite apartment deals for our company, we are more MULTI-FAMILY guys. But I am looking at this park that is a 389 units of mixed RVs and MH (Tenant Owned). 

Im doing some projections and wondering what expense is ideal for capital X? I know with multi family you typical do $250-$300/unit on cap X. Is mobile home a per unit as well? How would you go about calculating this expense? Thanks! 

Definitely. Ready Joe Fairless and Michael Blank latest books will put you ahead of the curve. 

Hello @Warren Helmer

This was such a great experience. The caliber of syndicator who attend is amazing. Like @Michael Le said, people who have raised millions will be there learning as well. Network as much as you can and always stay in touch. Enjoy 

Hello @Jeff Diem

I get your frustration when it comes to using the right software to analyze deals. As a real estate investor you need something sophisticated enough that can analyze a deal with ease in order to submit the right offer. As you may know, submitting the right offer is crucial as an investor. I wholesale 1-3 deals monthly but I analyze hundreds of residential homes and smaller multi family  to get deals closed. https://www.reikit.com is a great tool I now use. Allows u to pull out comps, get accurate ARVs, input all types of costs and create presentations for your buyers or lenders. Highly recommend. 

Hello @Jessie Contreras

Great you have interest in the Indy area, their are lots of opportunities over there. We hold an apartment complex in Indy, and constantly looking for more. Will be happy to chat!

Hello @AJ Angel

Welcome to BP! Lots of info here. The book by Brandon Turner titled no money down will give you an understanding of the handle of ways you can get started in real estate with no money down. Is it really a great book. Keep learning. I personally have found my niche in muti-famiily out of state. Are you ever in OC. Would be happy to meet! 

Here is a single-family opportunity in the Boulevard Pl/W 30st St corners of Indianapolis. This is a 4bed/2bath single-family home with about 2,176 sq/ft of living space inside a 5,003 sq/ft lot.

Some good comps in the area less than 1 mile away. This home is in overall very good shape.

Vacant Property and available to start the clean up/upgrading process.

336 W 30th St Indianapolis, IN, 46208

Purchase Price WITH Contract: $42,000

Initial Repairs: $10,000 (15% rehab contingency)

School District: Indianapolis Public Schools

Police Jurisdiction: Indianapolis PD

Closing Costs: $920

Year Built: 1910

Lot: 5,003 Sq/ft

Features: Wood Construction

ARV: $85,000

ROI On Flip: 40%

Cash-On-Cash on Rental: 11% (based on $900 monthly rent)

Contract Closing Date: Jan 5th or before

Earnest Money Required: $1,000 Refundable

For Comps and overview please click

Complete Video Walk-Thru=======> WATCH VIDEO

If you are interested and would like to move forward with this purchase, please PM me

Thank you.

-Carlos

-CFA Investments LLC

Hey Saint Louis Buyer ,

Check out this single-family opportunity in the Era Ave/North Pointe Blvd corners of Saint Louis.

This single family is a 4bed/1.5bath with 1755 sq/ft of living space inside a 4931 sq/ft lot. This is a hoarded house. Property is currently being cleaned up and will be ready to renovate. This is a good opportunity for the right investor. Solid comparables with in a mile away.

Property currently vacant.

6134 N. Pointe Blvd. Saint Louis, MO, 63147

Contract AND Purchase Price: $18,000

Features: Brick Exterior Walls

Initial Repairs: $30,000-$35,000

School: Jennings School District

Closing Costs: $540

Year Built: 1935

ARV: $80,000-$85,000

Potential ROI: $30%-$35%

For Comps, pictures, and analysis please click HERE

If you are interested and would like to move forward with this purchase, please call or text 657-205-9583.

Thank you.

-Carlos

-CFA Investments LLC

Hey @Brandon Benson my mentor Jermaine Massey created a 6 figure a month salary through short term rentals. It is all about systems of course. 

hey @Jan Michael Ronquillo

Congrats! Biggerpockets is great. What an amazing community to be a part of! Continue to learn and listen to all their podcasts. Read all their books! Network and don't be afraid to fail. I am located in Orange. Will be happy to chat some more.