All Forum Posts by: Jennifer Maldonado

@Valerie Winrow that is awesome!! Thank you for sharing too. Please, keep us to date if you got the deal.... xoxo

Congratulations!! Love the way that you break down the explanation.

Hi Ladies, We are here busy doing deals. I'm part of an amazing organization named WREN Inspires - Women Real Estate Network Inspires. We are women, by women for women where we have authentic conversations, education, inspiration, connections and much more. In fact, we will be holding our conference this weekend for 3 days - Ignite Your Fire Within (the Un-Conference). You can check it out in event brite or igniteyourfire within.

Where are you ladies located? We have 7 chapters and we become the fastest growing women real estate network nationwide with over 7K members. Connect with me and I will be happy to help and connect you with these badass investors. Have a great week!

@Andrew, no matter the season or situation- buy for the right price. However, during challenging times, you must look into your target market (tenants) and predict their behavior or feasibility that they will pay you. How do you do that - check the leases and who are the employers. I did create a video on my YouTube Channel: Jen Maldonado about "Residential real estate strategies & advice that work during the pandemic and it shows critical concepts for anyone interested in how to invest in real estate during this pandemic".  

Make sure to check if tenants still paying as per today, check where they work, and see if you think that business might still open in the upcoming months. Section 8 is a good alternative as most of the check comes from the government. Sometimes the tenants might have to pay a little bit extra, you want to prepare for the worst-case scenario in regards to that little extra money. Evictions might be delay until the end of the year.  

@Herm M. I'm paying $180 sqft with 10% extra and soft cost but my partner owns the construction company. Depending, you might be paying $200-250 for nice construction. 

@Herm M. - For Cashflow properties or rehab, no way. If anyone finds those in here, please let me know.

However, I do develop 3-4 units in Koreatown specifically. I do buy single-family homes where I can knock them down and build 3 and 4 units. I'm using ARVs of those 3-4 units and then making my numbers from there. If it doesn't pencil out, I won't go for it.

If you are in the area, let me know and I will be happy to share some of those projects.

Hi Quadry,

Have you decided which real estate investment strategy you want to start with? Why? I can give you recommendations based on that. 

Nick,

There is a buzz of the market crash and a currency fall. For newbie and inexperienced investors, this might trigger high uncertainty and reduce the number of buyers. However, the savvy investors understand that as far as they buy right, they have the right exit strategies even if they have to hold off into properties and understand their target market they can win. You can check one of my interviews at my JenMaldonado YouTube Channel: Residential Real Estate Investing Strategies & Advice that works during the pandemic. It gives great insights for investing during and post-pandemic investing.

If you are wholesaling, this can give you a better insight of where to farm for your wholesale. 

Hi Erik,

I think there is an opportunity in every market. The buying and selling process changed, uncertainty impacted the buyers' and sellers' psychology. I have become more conservative about valuing the property and very strategic on where I'm buying. It is critical that real estate investors understand the target market they invested in and how unemployment might impact their portfolio or the performance of new properties. 

I created a very insightful video on the unemployment impact and how to look into your existing portfolio and future investments. You can check it out on my YouTube Channel JenMaldonado: Residential Real Estate Investing Strategies & Advice that works during the pandemic. 

Absolutely! We closed in 2 extended-stay motels deals and we are rehabbing these. We are trying to move really fast as we can't keep up with the demand. Different from other hotels, the pandemic brings even more clients than before. They are not fancy but "cashy". When investing during the pandemic you might want to be very conservative and understand the ripple effects. You can check one of my interviews at my JenMaldonado YouTube Channel: Residential Real Estate Investing Strategies & Advice that works during the pandemic. It gives great insights for investing during and post-pandemic investing.

My takeaways are: This is the time to work closely with your team. Find boots in the ground and they should be able to do due diligence for you safely. 

As some mentioned, you can see most of the information virtually and there are different ways to work with the different companies and professionals. In other words, learn the new technologies, work with your team for the due diligence, and keep working on your deals. Remember to buy right from the start and think if you can make money with more than one exit strategy.