All Forum Posts by: Carlos Suarez

Thank you! @Allyssa McCleery @Michael Wagner!

I have $25000 available from my SOLO 401k to invest in RE. Would you invest in Cardone capital or would you invest in self storage syndication. Cardone Capital invests in multi apartment complexes with Grant Cardone as the big guru. The consideration is which is more resilient to a downturn in the economy.

Thank you very much!

Carlos Suárez

OK,

Here it is at its asking price

Here it is at a more favorable $200,000 point

Thanks!

CS

Has anyone got experience with Fund and Grow? What happens after you are over the 0% interest period?

I would use the money for down payment on buy and hold properties.

Thank you,

Carlos Suárez

 Hello James.

Can you take a look at this buy and hold Triplex?

I understand you might not know the area, but as far as numbers go, does any of these numbers raise a red flag?

Also, what price point would you offer?

At 235,000: LINK

At 200,000: LINK

My only issue is that the area is remote and I fear not having replacement tenants.

Thank you for all the help!

CS

I will definitively take a look at that book by Brandon Turner.

Thanks!

CS

Hello everyone.

I am currently working to find deals near Fayetteville, AR and Springdale, AR. 

Decided to send messages to wholesalers in my area.

Perhaps they can get me some discounted MFH in the area.

Do you think this is doable? Wholesalers in general work with CASH.

For this to work I would need to access Private Money, flip and rent.

Do you think Private money Lenders will lend a newbie with a good project in hand?

Thank you!

Carlos Suarez 

 Thank you! Yes, I have 5% vacancy allowance on the calculator.

This is a property I am researching. So far this is the first one that has the numbers on the asking price. 

The issue is it is likely to be at 45 minutes from "the city". ( Small city so, here 15-20 minute commute would be average )

It is close to a lake, which may help attract the older population to it or stational ( vacation rentals? ).

____________________________________

Asking price is 229,000

I believe offering 200,000 should make this a good investment unless I am missing something.

Apparently currently occupied which will make it cash flow since day 1.

My questions would be:

1. How do you judge the turnover of tenants? Is this public knowledge for a property? Will a realtor or broker know this? Again, my worry goes over losing the tenant and then having an empty apartment for a long time.

2. When a property is not in city limits, will rental prices drop? Checking the rentals around zip 72756 around the lake, I believe the tenants are currently paying average $. 

3. Not many Triplexes in the area. If you were to do your first deal, would you consider this property?

Thank you very much for any help you can offer me.

Carlos Suarez

For full details CLICK HERE FOR BIGGER POCKETS CALCULATOR.

Did. I am unsure how to post the actual numbers on this post.