All Forum Posts by: Gonzalo Gaston

I have lost over 10 bids in the last month for 2-4 units. Most of them had between 20 and 30 offers, some lost to cash offers despite offering over asking price and low contingencies (except appraisal). Appraisals for MF in DFW are a mess. Most are gone within days. 

It is an interesting point when you bring up the cost of the workmanship/labor into the equation for the BRRRR as your time = money when done in house.

 100% opinion here, but I cannot agree more with Kyle. One key point of RE is to keep wear and tear to the minimum possible. Student housing is full of wear and tear and turnover. I believe this is a niche that requires specific attention and differentiation like any other business.

Did we forget inflation is a monetary issue and that fed is printing money like candy? How would you blame someone from buying ANYTHING at 2.5%, 3% o 4% when any economic theory should point towards a period of inflation? USA is not Japan.

Please expand on your thoughts. Are you saying you get a whole life insurance, sell it at face value and then use it for investment in RE?

Please expand on your thoughts. Are you saying you get a whole life insurance, sell it at face value and then use it for investment?

One of the areas where condos may work in the DFW area is near the Galleria, the limit between Addison near Belt Line. The huge redevelopment with Dallas Midtown and all the surroundings is already on its way. I say condos because there are very few SFH/Duplexes available there, and mostly when you look at SFH that would work in the eyes of an investor.

Remember the rubber band effect, the center of DFW will stretch as it grows, and when it bounces back, the new downtown will be that area, the hub between 35/Tollway/75 and the I635. Drive by and you will see what I am talking about.

There is another area near the Costco Business where you can buy some little condos for less than 70k and rent them out for $900-$1000 /mo. Rough area, slowly improving, but it will be a tough area for a while.

Other than that, generally speaking most HOA's in DFW are not as restrictive and micromanaging as those in Miami, but they still hold power.

Your words seem to match my understanding of such situation. 

As always, a qualified professional must be consulted. 

Happy new year.

Was not the case that landlord do not need to submit 1099 as long as they are landlords (passive income) and not actively working the rental business (professional property manager)?

That is a very interesting niche, Will. Now, what is your forecast in terms of the COVID Impact on your portfolio?

Thanks for sharing so much valuable insight.