All Forum Posts by: Fernando Figueroa

I was trying to see if there was a way to move the laundry. I had a house like this with the laundry by the kitchen and I ended up having clothes all over my kitchen island all the time. It was pretty annoying. Its just easy and inexpensive to have it by the bathroom...I don't know where else you would put it. What about the windows in the kitchen? Along the wall where the stove is? Could be an issue with storage unless you're doing a small window. I don't see them in the proposed floorplan.

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Got it! Sorry it was still showing as a garage on the third pic.

I think the most expensive stuff is taken care of. The old laundry connections you will use for the new bathroom so you are good with that. I don't see many other issues tbh. I like to gut all my properties so I'm probably the worst person to ask! :)

Originally posted by @Nas Zidane:

Originally posted by @Fernando Figueroa:

@Nas Zidane

Definitively DON'T remove access to the house from the garage via the old family room. This will be an issue with buyers for sure.

Fernando,

It's not really a garage, it's more like a shed and I plan to convert that family room to a bedroom+bath so It wouldn't work to have access to that bedroom

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I would have definitively not paid too much attention to my family members who promised and swore I was going to fail. Just do your own research, get educated, network and don't pay too much attention to what other people in your surroundings have to say. If it makes sense to YOU then go for it!

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Originally posted by @Santiago Felix:

Hello Can anyone help me find an investor friendly title company the Tulare County area. Any advice would be appreciated, thanks!

Oh I worked with two over there which were pretty unprofessional

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@Nas Zidane

Definitively DON'T remove access to the house from the garage via the old family room. This will be an issue with buyers for sure.

1 Vote

Matt,

Being an investor and business person means exactly that: your business consists of buying and selling assets. Don't get discouraged by deals that are up for grabs which have tremendous potential. There is money to be made by everyone in Real Estate. Maybe the seller's business is to buy, rehab and sell. Some people don't like to hold property for rent/income. Maybe they need the cash for another deal. Maybe they have an unfavorable term on their loan or the loan is coming up due. The reasons are countless. As long as the deal makes sense to YOU that's all you need to worry about. Remember every investor has a different approach, so what works for you may not work for someone else and viceversa.

Originally posted by @Matt Byrne:

What's up, everyone,

I'm a complete novice who has been bitten by the real estate bug, igniting a serious interest in this business. I've been reading, analyzing properties, listening to podcasts, and talking to people about it, and am looking to utilize as many other resources as I can, so this seems like a fantastic place to go. I really hope to meet like-minded people, as it's evident just how important a solid network is.

All that said, I have a question relating to buying a rental, and would appreciate any insight. I'm looking on Zillow at different properties, and sometimes feel as though I can assume it's being sold by an investor. This makes me question the soundness of the investment. If the property seems like it has potential, and some numbers are looking decent, yet it is being sold by an investor, where does that leave you? Do you assume it must be a bad investment? Do you assume the seller was a bad investor and did not run his business successfully, and that it could be a great investment? Again, this assumes the seller is an investor, but this dilemma is something with which I'm having some difficulty. Thanks in advance for any/all responses.

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In my personal experience, if you have to go extremely creative to come up with money to purchase a property, it may just not be the time for you yet. Getting into these complex scenarios is never a good idea. You can end up in financial trouble very easily. I'd say if you don't have the money to start, focus on getting that money by working your butt off and saving the cash to begin. You don't really need that much money to start! Even getting a side gig like mowing lawn, washing cars, delivering food can put $10k in your pocket in a few months and then you can start investing in real estate with your own cash.

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Congrats.

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GM Remington. Currently in the greater Cleveland area.

Originally posted by @Remington Lyman:

Originally posted by @Fernando Figueroa:

Hi Artem. In my personal opinion, most of the areas you are mentioning in Florida are going to be way out of your disclosed budget. I would look into the mid-west as it is one of the best areas to invest in properties that are in the $70k-$100k ratio. The ROI is much, much higher and it's just a more versatile market than say Florida for example. If you are looking to invest and live off cash flow, then definitively OH, TN, MI are all great areas. I would just steer away from Florida as the prices are very high and I don't really see much value unless you are going multi-family but then again you are looking at spending big bucks. I have been investing heavily in Ohio so if you are looking let me know and I can show you what we have done over there. You can see my company's info in my profile and I am always willing to help. Thank you!

Which part of Ohio?

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What is your investment strategy? Have you considered how to scale when doing these type of deals?

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All Forum Posts by: Fernando Figueroa

Fernando Figueroa has started 2 posts and replied 46 times.

Post: Floor plan dilemma with my flip

Post: Floor plan dilemma with my flip

Post: The one thing you wish you did first?

Post: Investor Friendly Title Companies

Post: Floor plan dilemma with my flip

Post: Question on Competition

Post: 10 WAYS TO BUY AN INVESTMENT PROPERTY WITH NO MONEY DOWN

Post: 2nd BRRRR is complete!

Post: Investing out of state

Post: New Investor In The DC Metro Area