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All Forum Posts by: Johan Soto

Johan Soto has started 4 posts and replied 14 times.

Post: Property for sale

Johan Soto
Pro Member
Posted
  • Posts 14
  • Votes 2

New construction 1 year old property in Lubbock, Texas. 4 bedrooms 2 bath 2 car garage.

House is listed on the MLS

1907 kirksey ave

Lubbock, Texas 79407

Post: Property for sale

Johan Soto
Pro Member
Posted
  • Posts 14
  • Votes 2

Looking to sell a property in Lubbock, Texas. Any investor interested in acquiring a new construction property just 1 year old 

Post: should I sell or keep my investment property ?

Johan Soto
Pro Member
Posted
  • Posts 14
  • Votes 2

Hey everyone, I am a new investor and my 1 property that I purchased last year through a turnkey company out in Lubbock,Texas new construction. I am an out state investor which makes it a little bit challenging, I am sure some of you are experienced and have delt with this type of situations before. To make long story short its not performing and it has not been performing right ever since the finished project, the tenant was placed 3 months after it was completed, had to lower the initial rent to drive traffic, PM placed a tenant which only lasted like 3 months, which never paid in full, and was always late. Tenant got evicted and I fired the PM, its going to be a year since I purchased the property now in march, I have been footing the bill since day one . The new PM is doing an excellent job advertising the property in the MLS which the other PM was not doing, but the house has been seating empty for a few months after the eviction.

My question is, how long should I wait, should I sell and get out of this market, keep it and hope for the best ?.                                 Any input will be really appreciated.

Thank you.

Post: Has anyone invested with Martel turnkey property ?

Johan Soto
Pro Member
Posted
  • Posts 14
  • Votes 2
Quote from @Travis Biziorek:
Quote from @James Wise:
Quote from @Johan Soto:

Just looking for feed backs on this turnkey property company.

 To my understanding, Martel just sell houses to investors. They don't handle anything like property management after the fact. In a scenario like this, whom you buy from isn't really all that important. What you buy. How much you pay for it. That's what matters. 

If what you buy is good, who you bought it from is irrelevant. Do the proper due diligence on the property and you'll be fine.


I see it a bit differently. WHO you buy from often reflects WHAT you're buying. 

If the person you're buying from is honest, transparent, fair, that is generally reflected in the product (the house, quality of rehab, etc.).

And it obviously goes the other way. It's hard for OOS investors to know exactly what they are buying unless they come visit and inspect things themselves. So I'd argue it's even more important to know who you're dealing with, feel comfortable with them, and be able to vet their track record to som

 @Travis Biziorek thanks 

Post: Has anyone invested with Martel turnkey property ?

Johan Soto
Pro Member
Posted
  • Posts 14
  • Votes 2

@Drew Sygit I am looking into the detroit market but not sure yet. 

Post: Has anyone invested with Martel turnkey property ?

Johan Soto
Pro Member
Posted
  • Posts 14
  • Votes 2

@James Wise thank you for your input I will dig into it a little bit more

Post: Has anyone invested with Martel turnkey property ?

Johan Soto
Pro Member
Posted
  • Posts 14
  • Votes 2

Just looking for feed backs on this turnkey property company.

Post: Have a very interesting seller financing deal - 19 units - Miami

Johan Soto
Pro Member
Posted
  • Posts 14
  • Votes 2

Hey Alain, would like to know if possible a little bit more about it

Post: Has anyone done recent business w/ Morris Invest or SDIRA Wealth?

Johan Soto
Pro Member
Posted
  • Posts 14
  • Votes 2

@Theresa Harris thanks for your advise, I appriciated

Post: Has anyone done recent business w/ Morris Invest or SDIRA Wealth?

Johan Soto
Pro Member
Posted
  • Posts 14
  • Votes 2

@Jesse Beach I tagged the wrong person instead of you