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All Forum Posts by: Eddie Quispe

Eddie Quispe has started 12 posts and replied 38 times.

Post: Del Rio Tx Commercial Multifamily

Eddie QuispePosted
  • Investor
  • Rio Rancho, NM
  • Posts 38
  • Votes 4

Hello everyone, 

Does anyone know if there is a website for commercial properties for sale or lease in Del Rio Tx? That includes multifamily, MHPs, retail etc.

Thanks in advance

Eddie Q.

Post: Del Rio Real Estate Investor Meetup

Eddie QuispePosted
  • Investor
  • Rio Rancho, NM
  • Posts 38
  • Votes 4
Quote from @Garrett Benton:

Alright folks, the plan is going to be to postpone until we can meet in person at Mesquite Creek. 


 Hey Garret, is there a RE meetup in Del Rio?

Thanks @Sendhil Krishnan for sharing with the community. You have no idea how valuable your experience is for many of us that are thinking about starting in this space. The best to you my friend!

Post: Pros and Cons of Studio Apartments

Eddie QuispePosted
  • Investor
  • Rio Rancho, NM
  • Posts 38
  • Votes 4

@Frank Hinck that's an excellent point. There will be some major cost savings involved when doing renovations, upgrades or just repairs if planned carefully and purchased in bulk. Thanks!!

Post: Pros and Cons of Studio Apartments

Eddie QuispePosted
  • Investor
  • Rio Rancho, NM
  • Posts 38
  • Votes 4

@Spencer Gray

@Spencer Gray, @Eric Skadson there is not HOA, it is a large complex over 200 units.

@Jeffery Wilen thanks for the idea of combining units, I might need to do some research on that.

@Taylor L. I believe the reason for the high vacancy is both competition and poor management.

Post: Pros and Cons of Studio Apartments

Eddie QuispePosted
  • Investor
  • Rio Rancho, NM
  • Posts 38
  • Votes 4

The units were converted several years ago, it has been operating as Studios for quite a few years. The current vacancy is high. I don’t mind this being a “job” for a year or so, I see three areas that will need to be addressed in order to make it profitable: 1. Keep up with studio repair and maintenance due to turn over, so they are ready to be rented again. 2. Marketing, to bring clients on a continuous bases to keep the studios occupied. 3. It seems roaches and bed bugs seem to be a problem with studios in general. This will be another area to aggressively address as part of the strategy to have an edge over our competition.

Post: Pros and Cons of Studio Apartments

Eddie QuispePosted
  • Investor
  • Rio Rancho, NM
  • Posts 38
  • Votes 4

Hello everyone, I am looking at purchasing an apartment studios complex. It was a hotel repurposed as a studio apartments. Anyone has had experience with this property type and is willing to share their perspective in general? Thanks in advance BP community!

Post: Manufactured Home VIN

Eddie QuispePosted
  • Investor
  • Rio Rancho, NM
  • Posts 38
  • Votes 4

Hello everyone, 

Does anyone know if there is a way to find more information about a manufactured home with a VIN number?

I am in the process of buying a used manufactured home and would like to know if the VIN provides specific info.

Thanks!

Eddie Q.

Post: Distressed Pro?

Eddie QuispePosted
  • Investor
  • Rio Rancho, NM
  • Posts 38
  • Votes 4
Originally posted by @Forrest Surprenant:

I just purchased his training package. It includes access to his Bank Prospector software. It looks very promising. I'll let bp know how things go.

Hi Forrest, how did it go with the training, will you recommend it?

Post: One or two Commercial RE Brokers

Eddie QuispePosted
  • Investor
  • Rio Rancho, NM
  • Posts 38
  • Votes 4

@Lucy Hilton I didn't think about the specialization, you are right there are agents that are specialized on a specific property category and have a specific niche. So the questions is not performance but what can a broker do with the right product.  Thanks for the feedback!!