All Forum Posts by: Jesus Santoyo

Quote from @Kelly Cynamon:

Quote from @Travis Biziorek:

Hey Kelly, 

We're neighbors! I'm in CA but up on the Central Coast. We're down in Oak Park often though. My wife grew up there and her folks are still there.

We own 12-doors in Detroit and they've been fantastic for us. I'm still investing actively there and help others get started as well. The Detroit market has been incredible for us and happy to help if it makes sense!

 Hi good to know! where in detroit?

 Hi Kelly,

I have some good luck in Warren, MI 

Quote from @Timothy Doenges:

@Elaine Petty I think all the restrictions are based off municipality, not state-wide. Like was mentioned, search AirBnB for properties in the area you are looking to operate in, as that will be a good indicator of their legality.

I have 4 AirBnB cabins but I’m in the boondocks here in south-central WV so no municipality to deal with.

Tim

 Hey Tim, 

I see so much potential in WV- Any places you recomend close to a big city or a national/state park. Love to do some rehabs in the area even for a buy and hold.

Quote from @Jonathan Klemm:

Hey @Jesus Santoyo - Congrats on all your work brother!  You obviously doing things right.

My mom always told me everything in moderation aka balance.  Real estate is definitely a slow and steady wins the race type of event.

I don't think there is anything wrong AT ALL with moving quickly as long as you have crystal clear criteria and are following it tightly.  We are definitely in a recession which is the best time to keep buying because everyone else is getting scared - the key is to just stay disciplined. 

Chicago is an awesome market for investing because it has so many old multifamily buildings that need renovation.  Happy to connect if you are ever in the city!

Gentlemen, 
Thank you for your kind and insightful words. Working in the food industry for the past decade plus has really help me stay grounded and looking at the bigger picture. It is nice to hear it from others who are have similar goals and objectives. I appreciate you all putting the time to give insightful information. Let me know how I can help you.. 

cheers man!

Luke,

I don't know if there is a solution besides Up-charging renters with pets but I have looked into adding carpet or rugs to the highest walkable areas in your units- Also maybe having one room with carpet may help with wear and tear- A large dog like that will cause some wear and tear your best bet is to add that monthly pet cost and be as specific with the lease on all the standards you like to keep....

Hey Experienced Investors,

Looking for your thoughts -- I am New to the investing game however, I do a lot of research and live and breath real estate for the past 3 yrs. Last year, I bought my first property- 3 unit house hacking that has provided so much opportunity to scale and/or to stand still without worrying about mortgage payments. 8. months later I was HOT- I mean I was already looking for my second place and bought it A nice SFH in a good area in MI- Now, that I am about 2 months from making this place a cash cow - I am already anxious about my next place! However, I know that I am not there yet and my partner who has been instrumental in my success is asking me to chill- I notice that RE can be addictive - I am looking at markets outside MI or Chicago, and man there is some gooooood stuff to buy- RE Expert Investors how do you maintain discipline when you know you can jump into good deals by just doing some work!.. Any advice will be appreciated!

Quote from @Aaron Louis:

What was the underlying cause? Is the sewer line located next to any trees? If so, roots may be intruding into the line and this issue may return in the future. 

 Yes, large three near the sewer pipe - The previous owner had not done any type of cleaning or maintenance so years of roots building and growing. Anyhow all good. Any recommendation on PM that services the warren area?

Wanted to follow up on this issue- Was able to find the sewer line scape in front of the house- I had the plumber who did the initial hydro jetting return did a clean up via the sewer line scape and we found that we were able to clean up the drain without repairing any issues- You guys advise really help me! I want to say thank you all for your time- Time to focus on the inside and get this place on the market!! :)

adding to what the ladies and gents have said-- Use what you are passionate about as a side hustle you will never get tired of it and will only hone your skills. Love your hustle and determination!

@DeAndre Mason

Your city website should have an ordinance - It should read "tenant and landlord ordinance"

This will help you with all requirements if ever in doubt youtube it or try to search for a podcast of local realtors and you will find some good data . Wish you the best!!