All Forum Posts by: Carlos Cristiani

Hi @Charles Hammon! I am in the beginning stages of my offering and would love to learn what transpired after this last response on your thread. The corporate vehicles and contracts have been drafted and I am selecting some management software before we hit the floor running. Any advice or comment about your experience would be much appreciated!

Carlos

It makes sense now why I cannot seem to find enough information on the investment management feature. I liked what they presented and it feels both intuitive and simple, which is exactly what I need. Thanks for the feedback on the property management side, it is very helpful.

Hi Karen, I am curious as well and want to follow this thread. I am considering it to manage syndications/small fund, would you recommend it for that purpose, we will not be managing the properties.

Hi!

What software/tool would you recommend to use as a Fund/Syndication Manager to Manage deal flow, investors, reporting, fund raising, etc. I am looking into AppFolio as an option but I am having problems differentiating other options. Also, justifying $500/month doesn't work unless I am managing several syndications at a time and for the time being there is only one fund. Curious about what you guys have found useful.

Thanks!

Carlos

I have worked as a consultant for many American and Canadian buyers in Mexico. Here are some ideas. I know the original post is about a year old, but nevertheless hope its useful.

- Research market on existing, already built homes and condos in your are of interest. There`s value to be discovered.

- Research and learn more about developer's past projects. Inquire about their track record. 

- Hire a an independent local attorney. Review the legal structure of the project, has it been fully approved by the Municipality? Are all individual units assigned a property tax number? Are they using financing? and If not, seriously look with a magnifying glass as the project may be undercapitalized. What kind of contract will you be signing and will it be recorded? Is it a fideicomiso? These are just basic questions. 

- In Baja, I saw clients with great deals and exits and I saw horror stories as well. It all boils down to deep due diligence and assessing your risk accordingly with the expectations. 

- Undercapitalized developments are easy to spot. Ghost developments are too, such as developments that would out right refuse recording an actual public deed and instead offer just a private contract. An example is the infamous Trump development in Rosario that never was. They had marketing, a sales booth and everything else was smoke and mirrors. No developer, no builder, no title to the land, no financing, nothing in public record. They took millions, with many investors paying the full amount upfront. 

Hope this helps!

Hi all! I see there’s a Mexico thread going on here. I live in San Diego, CA and have done business and real estate consulting in Mexico (15+ years) for clients investing there. Mainly coastal Baja (Rosarito to Cabo and some manufacturing sites Tijuana and Tecate), Puerto Vallarta, Huatulco, Acapulco, Yucatán and Jalisco and San Miguel de Allende. 

Feel free to ask any questions. I’ve worked on a wide variety of deals, such as hotels, vacation rentals, ocean front, senior care facilities, agricultural (wine country and wheat) and other niche properties. 

Hi! I know this is an old thread, but I am looking at some opportunities in Alabama and I am curious about how this story evolved.

Hi BP’s community! The deal pencils out, numbers work, checked out property and estimated rehab costs. My question is, how active is the market in PS? How long should I expect to hold before it sells?

I want to be conservative on holding costs. Would 60 days be reasonable? 

I know it depends on so many factors. Quick overview. Paying $300k for condo in a nice medium size condo complex. Comps at $420-$450k. Spending $20-25k on rehab and going to market at $415k

HOA highest holding cost at $650

This is my first flip ever. Did some buy and hold apt complexes back in 2009 and want to get back investing in RE.

Thanks!