Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Dona Cardenas

Dona Cardenas has started 4 posts and replied 18 times.

Post: Working W2 Job for 16 Years Vs 4 Years RE Investing....The Aha Moment

Dona Cardenas
Posted
  • Real Estate Agent
  • Atlanta, Ga
  • Posts 18
  • Votes 8

Andrew, can the wife of a deceased veteran use these benefits?

Post: REIT investing - Good or bad idea

Dona Cardenas
Posted
  • Real Estate Agent
  • Atlanta, Ga
  • Posts 18
  • Votes 8
Quote from @Nick Falcone:

A lot of haters towards RAD-DIVERSIFIED. They've had excellent returns Net of fees, you aren't committed to stay in the fund, and it's as safe as other REIT's like Fundrise. I've been with them for over a year and a half, just put $25K in to see how they do before making a serious investment. Responses stating even a mediocre rental property deal will outperform REIT's is way off. I've seen many poor investments made with single digit cap rates and even negative cash flows in hopes of getting great appreciation.

I've purchased mainly SFH's for the past 30 years. Started out at 19 not knowing much and buying on land contract with down payments from credit cards. Today I have 48 homes but starting to reduce my portfolio in some areas and looking for completely passive income streams. CrowdStreet has been great, some projects require up to $50K down with most at $25K. CrowdStreet has never had a losing deal since inception and I've cashed out deals in the mid 20's, not bad for investments secured by multi-family. They require between 3 and 5 years on average and you can't sell early but solid company. Just looking for alternatives besides public REIT's like Essex ESS which was the highest returning publicly traded REIT from 1994 until 2020 averaging around 17% (I don't have the exact number but it's close) and Prologis PLD. So trying non traded public REIT's and Crowdfunding. So far I've invested with CrowdStreet, RAD-DIVERSIFIED, Caltier, Arrived Homes and Realty Mogul. No losses but not a long track record. Looking only for deals that will return 20% plus.

I know I won't beat the returns on my rental properties, purchased in preforeclosure at minimum discount of 20% below appraisal and I do cosmetic rehab, rent, refi and repeat. With discount at purchase plus rehab plus rent increases and appreciation, many homes have returned well over 30% ROI over several years.

With a good chance of a recession coming, have cash available to take advantage of the best deals to hit the market in years.  These opportunities come up only a few times in a lifetime.  So be prepared. 


 Hi Nick, 

I'm following up on old messages and posts and saw yours from a year ago. I was wondering out your REIT investments are going. Where are the properties you mentioned that you are wanting to sell? Have you sold them yet? Could I PM you? I'd love to find out a little more if you are willing to share, about your suggestions for someone just getting started, albeit late in life.

Post: REIT investing - Good or bad idea

Dona Cardenas
Posted
  • Real Estate Agent
  • Atlanta, Ga
  • Posts 18
  • Votes 8
Quote from @Dan Jennings:

I just put $10k with them.  They seem legit but I am curious to see the real returns.


 Hi Dan,

I'm following up on old messages and posts and saw yours from 2 years ago. I was wondering out your investment was going.

Post: REIT investing - Good or bad idea

Dona Cardenas
Posted
  • Real Estate Agent
  • Atlanta, Ga
  • Posts 18
  • Votes 8
Quote from @David Fisher:

I'll keep you posted - just put a small investment ($1,000) in it this week to see.


 Hi David, I'm following up on old messages and posts and saw yours above. How did (is) it going?

Dona Cardenas

Post: Skip Tracing Services

Dona Cardenas
Posted
  • Real Estate Agent
  • Atlanta, Ga
  • Posts 18
  • Votes 8

@Will Clark  What service do you use?

Post: Is FreedomSoft worth it?

Dona Cardenas
Posted
  • Real Estate Agent
  • Atlanta, Ga
  • Posts 18
  • Votes 8

@Janet Grey  What is your latest update on Freedomsoft? I'm listening to the webinar now and they offer 100% money back so I'm curious how things are going for you?

Post: REIT investing - Good or bad idea

Dona Cardenas
Posted
  • Real Estate Agent
  • Atlanta, Ga
  • Posts 18
  • Votes 8

I recently saw an add or a post about Rad Diversified. It's a REIT and they claim their return was 36% last year. They specialize in tax deed purchases, rehab, tenant occupy then cash out and refi and repeat the process. Anyone have any experiences with them?

Post: Structural questions - to hire an engineer or not

Dona Cardenas
Posted
  • Real Estate Agent
  • Atlanta, Ga
  • Posts 18
  • Votes 8

@Eric Teran thank you

Post: Structural questions - to hire an engineer or not

Dona Cardenas
Posted
  • Real Estate Agent
  • Atlanta, Ga
  • Posts 18
  • Votes 8

We are having to redo our kitchen flooring because of previous work that was done improperly. When the 6 x 6 ft island was installed, it was not installed with the proper supports underneath so over time there is a downward slope to it too much to be fixed by using a leveling agent before installing the new flooring. So we've reached out to a couple of people. One is a contractor with engineering type experience and the other is an engineer. Let me say, we don't want to spend unnecessary money but we do want the job fixed properly. So, first non engineer personal took a look and said he would install 8 steel shims under existing supports. 2nd person(engineer) did not see it yet but said he didn't think that would fix the issue. But of course, he doesn't do the work, just charges 350 to show up and 100/page for a report. So, what would you do?

Post: Dealbot Pipeline Program by Blair Halver

Dona Cardenas
Posted
  • Real Estate Agent
  • Atlanta, Ga
  • Posts 18
  • Votes 8

I just watched this pipeline program webinar and was pleased to see a thread on here about the system. It sounds so interesting to me but as a complete newbie, I am trying to be very reserved while I learn the ropes. One could spend $100 here and 5k there trying to gain knowledge. I'm curious if anyone has more follow up to this?