All Forum Posts by: Matthew Holland

@zach Thanks for sharing!  I just sent you a message.  Let's connect!

Originally posted by @Zack Giarrizzo:

Hi Tangala, we've recently started doing business in Puerto Rico.  There are quite good RE investment opportunities, especially recently after the Hurricane.  A couple reasons why the PR opportunities are quite strong:

US Territory:
As a U.S. territory, Puerto Rico enjoys unique benefits not shared by its fellow Caribbean islands. Though U.S. recovery efforts after Hurricane Maria were slower and stingier than the response to hurricanes in Florida and Texas, Puerto Rico has access to relatively extensive American disaster resources. Because Puerto Rico is a territory, the U.S. has vested interest in helping the island recover. Power and water systems, bridges, and roads will be constructed to U.S. standards. Puerto Rico has been part of the U.S. for more than 100 years, and the government has the same responsibility to the country as any other U.S. state. U.S. citizens can travel to and from Puerto Rico without a visa or even a passport. In terms of travel freedom, Americans can visit Puerto Rico as easily as they could any other state. And because Puerto Rico uses the U.S. dollar, there is minimal currency risk.

Tax incentives:
In 2012, Puerto Rico introduced a series of tax loopholes to lure investors and businesses. These tax incentives make living and working in Puerto Rico an enticing prospect for businesses and investors. For more info on the tax incentives, read about Act 20 and Act 22.

Additionally, the IRS recently designated almost the entire territory of Puerto Rico as an Opportunity Zone. Opportunity Zones allow investors to defer and minimize capital gains taxes.

Real estate prices:
The real estate prices are much lower than other Caribbean islands.

Minimal Airbnb Rental Competition:
Hotel prices in Puerto Rico remain relatively expensive and Airbnb style rentals are scarce. For investors, this represents a major untapped market with high returns.

Economy: 

Strong, diverse economy. Tourism is also only 7% of the GDP in Puerto Rico compared to 30-50% for most Caribbean islands.

Hope this helps!

Bump.  Also interested in this company

Hello,

I've been talking to this company called Far International (www.farinternational.com) who does investments in Colombia.  I'm curious if anyone has any experience working with this company?  Or does anyone have opinions about working with similar types of companies?

Here is the message from them:

Thanks for your interest in our Colombian investments. Here’s a first look at our latest and greatest project: Cali River Suites.

https://www.farinternational.com/wp-content/upload...

You’re no doubt familiar with what we do at FAR. We find you undervalued buildings in popular tourist locations, renovate them, manage them, and then pass the profits on to you, the investor.

The same is true here.

So what’s new and exciting about this project?

1. Returns of 13.8% and Average Net Annual Cash Flow of 9%. These returns are uncapped and the projections are conservative. If the property generates 11% per year, you get 11%. 13%? You get 13%.
2. Increased Scale, Less Risk – You’re investing in a former hotel with 23 upscale units and a view of the Cali River. If one unit goes vacant for a week you’ve got 22 others ensuring your returns year in and year out.
3. Keystone Investors (Minimum investment 50k) get 8% on their investments during the development period from July 1st, 2018 to July 1st, 2019. This offer will close after $750,000 in Keystone Capital has been raised.
4. All other investors (Minimum investment 25k) need only commit 25% of their total investment in 2018. The rest will be due in 2019.

Discounted stays. This is the first project that will be a part of our "Build-Your-Own-Fund", in which investors will be able to diversify their real estate holdings across all of Colombia’s major cities and tourist destinations. Investors will enjoy discounted stays at all fund properties.

Overall, the location is prime and Cali is our best performing city (with tourism growing at 15% annually). My honest opinion is that this is our best real estate offering to date.

Would love to hear your guys thoughts on this.  What questions should I be asking and what does proper due diligence look like for international investments like this?  Here is the link to the project details:

https://www.farinternational.com/wp-content/uploads/2018/06/Cali-River-Suites-Inv.Package.pdf

Hi All,

I'm currently closing on 4/3 SFH in Marietta, Georgia (30066). I live in California and am looking for a property management company. Does anyone know of a property management company in this area that they would recommend?

Thanks!

Matt

Hey @Antoine Martel, thanks for the response!   Just realized that you can't really read the screenshot that I posted because it's too small.  In the screenshot they also mention that all of their properties are in "B" neighborhoods or better.

I was hoping to get in a neighborhood slightly better schools (3-4 or higher) but definitely not close to the highest end of the spectrum

I'm looking to purchase a turnkey rental property and have been talking to a company, Maverick Investor Group.  I've been looking at some of their St Louis properties but noticed that a couple are in very poor school districts.

For example, this one on their website has Greatschools rating of 1,2, and 2 (out of 10).  

https://www.zillow.com/homedetails/3742-Avondale-A...

I asked their Senior Portfolio Strategist, Phil Alexander about this and he responded with the following:

"I did not realize you were intending to live there... that is the only reason I can reasonably imagine the high quality (or not) of the schools would be an issue. Going beyond that, I suspect the schools in Florissant will be more highly regarded than St Louis itself. The Florissant properties are in terrific primarily owner occupied neighborhoods and all have VERY high end renovation standards - probably head and shoulders above any turnkey provider I've ever known... and Maverick is one of the earliest players in this industry coming up on our 11th anniversary. The high end nature of the St Louis market properties attracts higher quality tenants and provides a better exit strategy environment than most other markets' properties."

I was under the impression that in general, for single family home rentals, having better school districts would increase the desirability of the home for families.  Is it not the case that there is a correlation between better schools and higher quality tenants?  Would love to get some feedback from the BP community.

Hi All,

I'm looking to buy my first investment property. I live in California and am looking to buy something out of state, ideally in the midwest, with good cash flow. Some markets that I have been considering are Memphis, Indianapolis, St. Louis, Milwaukee, Chicago, Cincinnati, Grand Rapids, and Minneapolis. My target price range is $75-200k and would be interested a SFH or multifamily residential.

If anyone has any advice or turnkey properties that they would recommend, please feel free to message me directly or comment below.