All Forum Posts by: Mason Scholtes

Having spent 6 months in Buenos Aires, I have long loved the city. It is by far the cheapest (high quality of life) city in the world and it just got cheaper.

With Javier Milei the most likely to become president in October his anti socialist (libertarian) policies will potentially have huge effects on the economy. If he does take power it is likely that property values will explode higher. It’s possible the right properties 3,5 or 10x over the next years.

With my buddies in BA that are local real estate experts and rental managers I have access to very desirable properties to buy at a discount from an already depressed market.

I would like to put together a group of investors to purchase multiple rentals and benefit from the likely appreciation due to the change in government.

Any suggestions on reaching cash investors who are open to a little more risk for a much better potential return?

With the crazy things going on right now I’ve heard many prominent people talk about how they are building a remote property where they can grow food and go to if things get crazy. Social unrest, lockdowns, food supply break down etc.

I would like to offer a much less expensive option as a plan b for city folks.

Is there a market? If so how do I find people that want to be prepared for some of the looming threats..

People are worried about food shortages, civil unrest, lockdowns and more. Wealthy people are buying land outside of cities to have a safe place to flee to if need be.

I want to build a working farm that can feed 50 peoples full diet, build luxury accommodations and amenities a couple hour drive outside of the city. Sell time share access to the vacation rentals, let our members have access to the produce from the farm. In good times it would be a great vacation “camp” with a connection to nature. In bad times it would serve as a safe place to stay for our members. An off grid, self sustaining safe space.

How do I find the people in the city to sell this to?

@Kyle Kurt Hi, I’m looking to start investing in multi families in Conn and I was wondering how your journey has been. Are you still investing in CT? How has your experience been?

I am a contractor that has been doing full home remodels for the past 10 years. I want to buy distressed properties and personally remodel them, rent them and put together a portfolio of rental properties I have remodeled.

I have seen a couple properties that would work but I am trying to figure out how to fund the first project. The properties I am looking at will take 3-5 months for the full remodel. I have more skill and sweet to put in then money so I am looking for advise on how to cover the cost of the purchase and materials (I’ll provide the labor) on the house without a huge payment each month during the remodel as I won’t be making any money because I will be investing all my time in the remodel.

Any suggestions would be helpful. Thank!

@Dylan Cronkhite cool thanks, I’ll keep that in mind!

My wife and I want to begin buying some multi family homes in the coming economic market that I can only assume will be deflated from where it is today. I am a professional remodeler and want to buy some distressed houses and renovate and then rent them out.

I have been looking for a good market that my wife and I can afford and enjoy living in.

Does anyone have experience in the Spokane market? Do you think it will be hit harder then other cities from the covid fall out?

I would also appreciate other market suggestions.

We want to leave Southern California for a market we can afford and take advantage of the economic down turn to begin putting together a real estate portfolio. Thanks!

Thanks Wayne

I have been in high end construction for years and have remodeled many houses. I want to get into remodeling houses for myself BRRRR style.

I plan to buy a property in the $50k range that is in rough shape, put $50k of materials into it with me doing all the work and refinance the remodeled home with the value of $200k.  when I refinance and take $150k out on the property would I have to pay any taxes on the $50,000 profit?  Or would it be deferred until I sell the property?

Has anyone done this full time, property after property? I would love to hear any suggestions/insights.  Thanks

Hey guys,

Thanks for the response.  I hear ya.  It's a big project.  I've been remodeling houses for years however and have flipped homes before.  I'm worried about the rental aspects.  I have factored in the management costs as I don't plan on doing the day to day management of the property.  I am looking for top returns from any project I do.  Do my numbers sound like a good return?  I'm not married to a location but I want the best return anywhere in the country and I will chase that deal if it makes sense. 

 Play big or go home right?