All Forum Posts by: Alberto Medellin

Every meetup I've gone to was free. Some masterminds charge fees in this range. For that amount, I'd rather hire a personal business/ REI coach.

I’ve talked to @Timothy Church about property management in Galveston. Reach out to him to see if he would be a fit for you. 

My comment isn't helpful but your contractor sounds like my last one that busted the timeline by 4 months and turned our buy and hold into a flip so we could still make a profit. Live and learn. He came off a recommendation. I am currently working with another contractor off a recommendation. We are working through the permit process in Galveston right now so jury is still out. One thing I've learned is that just because someone's recommendation did a great job for them doesn't mean that they will do a great job for you. With the market the way it it, all of the really good contractors are super busy and usually outside my budget so you are left with people who aren't really concerned with the timeline or the quality because they have 10 more investors calling them to walk properties. We've started increasing our rehab budgets when analyzing properties to try and attract higher quality contractors. We'll see.

Currently my primary residence is in League City, TX and I have a property under contract (hard money) in Galveston , TX (27 miles away). I plan to rehab it and Airbnb it most of the year but also plan to stay in it whenever we visit Galveston (several times a year). Could I get this home refinanced as a vacation home? I've read that some lenders have a 50 mile distance minimum from the primary residence to be considered a vacation home. Your input is appreciated. Thank you.

Count me in @Wale Lawal!

I am going to work hard to make it this time. I really want to network with local investors.

Hi,

We are nearing the completion of our first two rehabs. One is a flip and one will be a hold for a rental. What are some questions to ask potential realtors when searching for one to join your team?

Thanks!

Hi, I am currently exploring investing in Galveston, TX in the short term rental market. Are there any investors here that I can bend your ear for a few to gather information on the market, taxes/fees, ups/downs, and maybe any other little speed bumps lurking around? I live in League City so I can also meet you for a cup of coffee if you'd like. Thanks in advance.

I am in League City eager to network with like-minded people in real estate. Checking my calendar to try and make this.

I like where all of this is headed. Please feel free to reach out to me or connect through BP, email, phone, Zoom, smoke signals, carrier pigeons, Morse code, whatever. I am a new investor about to close on my first fix and flip deal in Galveston but looking to focus on buy and holds (rentals). I am very open to expanding my network and I look forward to meeting (virtual or face-to-face) more like-minded people.