All Forum Posts by: Miguel Bautista

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $115,000
Cash invested: $50,000

Bought this property in foreclosure and bought all cash. The property was renovated and added an additional bathroom and bedroom. Example of how my numbers looked: Purchase Price: $115,000 Renovation cost: $50,000, All in for $165,000. I am currently living on the property and will eventually Refinance the home and pull out %100 of my money and Rent it out. It will cash flow about $800 after refinance. New ARV is $250,000.

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

The house looked in good condition and I knew this area is up in coming and I will be able to take advantage of the new ARV.

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

This was bank owed and I won it on Auction.

How did you finance this deal?

Cash

How did you add value to the deal?

Adding a bedroom and bath.
Along with other interior upgrades: New kitchen, flooring & Paint

What was the outcome?

The process took way to long 6 months.

Lessons learned? Challenges?

Get a good contractor and don’t use family handyman for renovations.

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

Not really, cash

Great advise! Thank you all!

Hey BP community!

I recently bought my first 4plex in the city of Mesa, AZ. I am in need of replacing all the window because I noticed that water is getting inside the apartments and is messing up the Interior drywall. I don't want the damage to expand and become a bigger problem for me and the tenants. Furthermore, I started getting quote from companies like Power, Dabella...ect. and I noticed that replacing window is expensive. For example, the lowest cost I was able to get was 19k for replacing 16 windows! It is my first time replacing windows and I didn't expect the bill to be so high. Now, I was wondering if someone in the BP community has gone through this situations and can give me some advise on how to get this problem solved? Is the price reasonable? Should I wait it out until the monsoon season is approaching? 

Thank you, 

Alex Bautista

Hi BP Community!

I am looking for a good Title company around the area that's going to help close wholesaler type of transaction?

Any recommendations 

Thank you!

I need to keep my personal finances separate from the business.

 Thank you for the advise! 

Hi BP Community!

I am a rookie starting out and I just bought my first investment, a 4plex and I was wondering if I should open an LLC?

Should I wait until my portfolio grows or is it never too early to open an LLC?

any recommendations

Thank you!

Thank you and Yes for all 3 question!

but I do need someone to update a different property 

Message me so we can connect!

 Thank you! and I used a website call Reonomy and the free trial paid off!

 Yes, I am currently house hacking!