All Forum Posts by: Jose Armando Haro

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $28,000
Cash invested: $28,000

1. Single family 2bd 1bath home in ferguson 28k
2. Single family 2 bd 1 bath home in bel-ridge 28K
3. Single family 2 bed 1 bath home in West florissant

What made you interested in investing in this type of deal?

Cash flow & building investment portfolio

How did you find this deal and how did you negotiate it?

A local realtor brought me this 5 property investment sale 124,900.00, after close review I decided to make a offer of 75,900.00 for 3 of the 5 they countered 82,500 with 3000k credit closed for 79,500 with NOI 12780. & CAP 16.08. Win Win

How did you finance this deal?

Purchased during COVID applied and received SBA Loan for 150K @ 3.75% 30 Years

How did you add value to the deal?

I started with first home that was vacant first and rehabbed and upgraded appliances. Applied for Sec 8 approval & accepted rent value 850.00

What was the outcome?

We located a wonderful renter who was sec 8 approved and set her up on a yearly lease @ 850.00

Lessons learned? Challenges?

Biggest lesson learned from this purchase having feet on the ground and or having your team in place is very beneficial if repairs a rehab is needed but don’t let that be the reason you do not pull the trigger getting your feet wet is the way you learn but build your team is second

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Cj Realty property management
Tammy Derrigan @ Realty exchange web.com
Ted Greenberg @ miltifamilystl.com

Good Day,

Would anyone happen to know a good, trustworthy handyman or contractor in the St. Louis MO area, near Jennings to help us with a light rehab and clean up on our new property, we recently picked up? We are trying to get this one rent ready soon.

Thank you,  Jose & Rachelle Haro

Would anyone happen to know a good handyman or contractor in the St. Louis MO area, near Jennings to help us with a light rehab and clean up on our new property, we recently picked up?  We are trying to get this one rent ready soon.

Hello Fellow Investors, we are both so excited, we just closed on our fourth property SFR property 2 bed 1 bath property in St. Louis MO and we keeping out options open with Multi-Family Units as well in this area as well. We are continuing to grow our out education in this area as well. Have a great day!

@Andrew Schutsky

Thank you Andrew for that recommendation we will search Facebook for those meetup groups

Wow, Serge.  This is incredible information and beautiful buildings.  I am trying to wrap my mind around the possibilities.

Thanks for sharing!

Hello Keeley,  thank for  your response.  I appreciate you sharing your knowledge and experience.  What state are you investing in these syndicated purchase?  We need to understand the process of buying with syndication group.  Any suggestions you can give us?

Hello Dom, Thank you for your reply. We currently have SFR in Bell Ridge, Ferguson and Jennings and would like to include areas such as University City & Pagedale.

Hello, this is Armando Haro, my wife and I are real estate investors, and have recently purchased buy & hold properties in the St. Louis MO location. We currently have three rental properties, with tenants in place, and are cash flowing.  We are looking to expand our portfolio into Multi-family or Small Apartments in St. Louis MO.  We would love to have the opportunity and meet and work with other like minded people.