All Forum Posts by: Gabriela Gomez

@Taro Omar Boyd we have a REI FB group and hold meetups every so often. We should be having one coming soon. I will send you a message.

@Russell Brazil thank you! I won’t be making an offer. Maybe if it had a longer lease I would. I’d be on the hook for a mortgage without owning anything. 

@Jason Lee thank you! I won’t be making an offer. I don’t see the owner renewing the ground lease and if they do, it will not be cheap- the numbers will not make sense then. 

@Adam Venditti google rental calculator-it's the first one that comes up. https://www.calculator.net/ren...

I recently came across a condo that can conservatively make a little over $400 a month in a very desirable tourist location. However, condo has a ground lease that expires in 2049. Condo is going for $125k, I would need to add about 10k in renovations. I can rent it to military and cash flow about $400 or I can Airbnb it and cash flow about $700 or more. I looked into ground leases and learned that upon lease expiration, property and any development reverts back to the landowner. What are your thoughts? Would you purchase this ground lease condo? The numbers make sense but the fact that I will never have equity/ appreciation is holding me back.

@Owen B. I'd love to connect. I searched and searched for Guam REI groups without success so I created my own. It's called Guam Novice Real Estate Investors. I'm trying to set up a REI meetup as soon as we have a few members.

@Owen B. are you investing here in Guam? 

@Jeffrey Bresch I have been wanting to set up a real estate meet up as well. Are you at Andersen or Navy? I know 2 other active duty members who would be interested. I made a fb group just the other day. I haven’t added any members yet because I was/am still working on it but anyone is welcomed to join- it’s called Guam Novice Real Estate Investors.

Hi Robert congrats on your deal. How did everything come along? How did the inspection go? 

@Bryan D. This sounds like the success stories we listen to on the BiggerPockets podcasts- people are almost living on the streets and then something happens that gears them into real estate and they become very successful. You have the capital, all you need now is the knowledge and action. Best wishes to you.