All Forum Posts by: Fernando Landeros

Hello everyone, I just wanted to introduce myself to my fellow entrepreneurs, investors, and brokers. My name is Fernando H Landeros and I am a new real estate investor that is looking for multi-family homes and apartment buildings. Primarily I am looking for four-plex homes or apartment buildings that have 20-100 rooms. The three markets that I am looking at are Corpus Christi TX., San Antonio TX., and the Dallas/Arlington area. I am looking for both stable or value add opportunities in these markets. I am looking for C class apartments in either B or C areas. It would be a privilege to have some brokers in these areas reach out to me so we can start to build a wonderful relationship in which we can both prosper. Investors, message me if I can help you with any situation or just share knowledge with one another. Thanks for everyone’s time. Have a great day!

Does anyone have some material I can get ahold of that will teach me about contractors or general contractors. wherever it be from books or YouTube videos? I want to learn about how to choose a contractor and how to deal with them as well. I know nothing is the same as in field experience but you have to start somewhere.

Let me know the date and location for the meeting. Let me know when you have some time off so we meet and alhelp one another in any way.

I would like to reintroduce myself. my name is Fernando H Landeros and I live in the Corpus Christi area. I want to reach out to investors in this area. I would like to offer some services for knowledge. I want to learn as much as I can. I also have some funds of that I can use for any joint venture. Message me if you have any other questions you may have.

Well, I have decided to make a big decision in not only my life but my family's life. We have lived in our current home for around 4 years. My daughter is 4 and she has lived here her whole life. Our son is now ten months old. The home I live in was bought for 265k 4 years ago. I put 61k down so we have some equity. I believe we now owe 195k or so. The truth is that this house has been a drain. I work in the refinery business and I sometimes have to be gone months at a time. That equals up to 8 to 9 months out of the year. I also dont choose when to be out of town so i miss out on so much. This is not worth it to me and I am deciding to make a big change in my life. I also have a small amount of assets. I am going to start my real estate career and hit this chapter of my life with all I got. The question to you is, would you just straight up sell the property I am currently in; or would you rent it out? I plan on living nearby as well. Downsize a little for a couple of years and have the property I intend to live in one of my rental properties as well.

I can generate anywhere from $2200 to $2500. I still need to do a little more research on that.

My expenses would be 

tax- 642

insurance- 200

HOA fees- 75

vacancy- 200 

CapEx- 120 considering everything is fairly new

mortgage- 927

repair- 100

Is there anything else I am leaving out?

Should I have any more factors to consider in my equation?

Your opinion might change my life, and thanks in advanced!

Thanks for your input. I am actually looking to buy either a duplex or single family house. I feel I can get them rented for higher then the going price for the area because of the clients I want to tend too. What about either buying one duplex that rooms four or two single family homes that will cost around 80k?

I may be wrong but would it not help me more purchasing power from lenders at a better score as well?

when you say that you don't want them to know what your making, wouldn't they find out at closing anyway. Trec forms 1-4 are the papers you take to the title place to close? will any other forms be needed? Thanks for the response.

This is a question to the wholesalers out there in TX, what contact template did you'll use for double closing or assignment free contracts? Does the seller of the house have to be present at the title company when the house is ultimately sold?

I am in the same situation and location you are in. best of luck to you. Learn, learn, learn!