All Forum Posts by: Alex Mendoza

This is great information.  Thank you both for taking the time to respond.  I greatly appreciate it. 

First-time multi-family investor here.  I am looking to invest in some multi-family deals with some local firms (similar structure to Yieldstreet, Cardone Capital, etc.)  Minimum investment vary from $50k to $250k and some require investors to be Accredited (based on the guidelines, I am Accredited) and others do not.  

While I can afford to use my own personal capital to invest in the minimum required to about $50k, but what can I do if I wanted to make a $250k investment? For example, if I wanted a SFH at a cost of $250k, I can easily go get a loan ... can something like this also be done for multi-family deals?

I’m in Lewisville (N. Carrollton/West Plano). Would love to connect with other investors in my area.

Thank you @Preston Quinn.  This is very helpful!  I appreciate it.

@Erik B. Tiling over concrete - remove old carpet, and floor looks good.  This is a single story, so doing all common areas, a master (about 10X10), and two small bedrooms (8X8).  Two bathrooms, and only tiling above the tub to about 6 ft ... standard size tubs, so fairly small.  

Forgive me but not familiar with "sun surface".  I'll Google it if it's something I should know. 

@Clifford Paul I appreciate it.  Even at the $4 per sq ft range, that seems more reasonable and within my budget.  At a minimum, I plan to at least use that as a starting point and then go into more detail on the work itself ... had not thought about it, but just what @Mark Spritz mentioned (thanks Mark!!), they may know something the other guys do not.  I plan to re-walk the property with two of them and ask more specific questions.  

Thank you @Dale Nesmith! Great website.  Thanks for sharing and will certainly refer to it constantly.  

@Michael Blank Great idea!! I do plan to eventually do small tile jobs myself (I've done them at my house), but for this one ... probably best if left to a professional.

@Frank Geiger The flooring is about 1,300sq ft ... so not a large house.  Funny, a colleague at work recently had work done at his house (installed about 1,000 sq ft) and when I mentioned $15,000, he also responded with "that's outrageous!".  I'm getting the sense that $15,000 is too high -- and frankly, its way out of my budget. 

@Nino Alfano Thank you so much for the information! Great info and suggestion.  Exactly what I was hoping to see ... a "rule of thumb" or something similar.  Going at the higher end of the suggestion, and adding a +30% on the price, it's still well below the highest contractor bid I received.  Thanks again!! I really appreciate it.