All Forum Posts by: Miguel Hernandez

Thank you Bob that is definitely what I needed. Much appreciated I will comp only looking at MFR.

Hello BP members. I am in need of some assistance. I am planning to purchase a 3bed 2bath duplex in my market. However, when I run comps I am pulling lots of single family homes. Single family homes seem to have a higher ARV than a multi family. Am I able to still use the single family homes as comps if they have the same square feet, bedrooms, baths, etc?

Also my main goal is monthly cash flow. If I keep the property as a duplex I will receive more in monthly cash flow, but if I tear down a wall and connect the units the ARV will be higher, I just won't cash flow as much. Any help on what the smarter move here is? Thank you any help is appreciated.

Hello fellow BP members! I am a new investor from Los Angeles. Currently I am looking to purchase my first property in Wisconsin. Since I am from Los Angeles I do not know the affects of a snow storm, especially when it comes to real estate.   
I am looking for a fixer property, something that needs work so that I can BRRRR the property. My question is, will the snow drastically affect the rehab? Everything I do is virtual, so when I hire inspectors to walk through a property to give me an estimate of the rehab, is there a higher chance they'll miss something? Or do i just need a really experienced contractor? Is there any extra steps I need to take in order to purchase something during winter?

Hello BP members, I am an investor from Los Angeles. Currently I am looking for single family/multi-family properties in Racine, WI and Kenosha, WI. If you are in these areas please reach out to me. Since everything I'm doing is virtual, I'd love to network with people from that area. 

@Joe S. I agree, it’s pretty tough especially since everything is virtual. Would you recommend finding a contractor before I purchase a property and put it up for bids?

@Greg Kasmer Hey Greg thank you for that response! I’m still looking for a great contractor to work with at the moment, Thank you!

Hello BP members. Currently I am on the hunt to find and BRRRR a property 100% virtually. This is my first virtual deal and I just want to know from other investors what are your BIGGEST problems you face when going virtual? What things should I look for and put more focus onto? Any advice and skills will be highly appreciated so please let me know. Thank you

@Luke Trovinger thanks Luke Ill definitely touch up the curb view then! I do love in LA but I buy properties in Wisconsin. I’m going to contact some real estate investors out there and ask them their criteria. Thank you.

Hello BP members. Recently I’ve found an off market deal. Ive calculated the rehab amount, however, the curb view of my property is not very appealing. The comps that I have pulled do have a very nice curb view, so I know I will have to update the curb view.

Does a curb view have a heavy influence when I get the property appraised? Can anyone share what your budget is when repairing a properties curb view?

@Joseph Vu Yes I want my properties to be as passive as possible. I will continue to look around, thank you