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All Forum Posts by: Misael Carlos Vera

Misael Carlos Vera has started 26 posts and replied 95 times.

Post: Cash Flowing Markets

Misael Carlos VeraPosted
  • Rental Property Investor
  • New York, NY
  • Posts 100
  • Votes 93

@Evan O'Brien Chambersburg. Bought a fourplex there my first time, and will be cashflowing 500 a month.

Post: Sub-meter 101 Questions

Misael Carlos VeraPosted
  • Rental Property Investor
  • New York, NY
  • Posts 100
  • Votes 93

Hey BP gang,

I have a 4 unit property that has 3 submeters. I'm trying to figure out which 2 units share a meter. Is there a way to this for free? Can this information be found in my appraisal, inspection?

Post: Long Distance Rehab?

Misael Carlos VeraPosted
  • Rental Property Investor
  • New York, NY
  • Posts 100
  • Votes 93

@Zachary Coombs thank you! I will definitely reach out.

Post: Long Distance Rehab?

Misael Carlos VeraPosted
  • Rental Property Investor
  • New York, NY
  • Posts 100
  • Votes 93

@Jim K. Thank you for your input!

Post: Long Distance Rehab?

Misael Carlos VeraPosted
  • Rental Property Investor
  • New York, NY
  • Posts 100
  • Votes 93

I am rehabbing a property in Chambersburg, Pa and I live in Queens, New York.

The drive is 5 hours one way and I work a full time job in New York. My friends and family advise me to save money by doing it by myself but I am not a handy person and I feel embarrassed to ask family and friends for help.

I have the funds to rehab and I've been eyeing Lowe's 0% interest Pro membership deal where I can lump the cost of materials and labor into a 0%, 2 year amortized credit card.

What does Bigger Pockets think?

Do it myself with the aid of family and friends or hire a professional contractor?

Post: Do you guys use real estate agents for off market deals.

Misael Carlos VeraPosted
  • Rental Property Investor
  • New York, NY
  • Posts 100
  • Votes 93

Hey everyone,

I'm creating a list of small multifamily properties in Chambersburg, PA by driving for dollars. I'm sending letters to the owners asking to buy their properties.

Once they reach out to me and we begin talking, would you recommend a real estate agent to be part of the transaction? What value would the agent provide at that point?

Thank you very much

Post: Franklin County Pennsylvania REI

Misael Carlos VeraPosted
  • Rental Property Investor
  • New York, NY
  • Posts 100
  • Votes 93

@Thomas Pearce Yes!

Post: Franklin County Pennsylvania REI

Misael Carlos VeraPosted
  • Rental Property Investor
  • New York, NY
  • Posts 100
  • Votes 93

@Thomas Pearce All of the gentlemen including Michael Cross are great people to talk to!

I'm also an aspiring investor aim to close on a 4-plex in the coming month.

Post: Raising Rent During Covid

Misael Carlos VeraPosted
  • Rental Property Investor
  • New York, NY
  • Posts 100
  • Votes 93

Is anyone raising rents during Covid?

I'm buying my first 4plex March 26 and a lot of the rents are below market rent. I'm curious if anyone is raising rents during the pandemic.

Post: Does anyone ever lose motivation?

Misael Carlos VeraPosted
  • Rental Property Investor
  • New York, NY
  • Posts 100
  • Votes 93

@Shawn L. Thank you Shawn! I think you're the first one to ask that question. Hope everything is going well on your end!