All Forum Posts by: Mauricio Quintana

Is anyone interested in splitting a room at the BP conference host hotel next week?  I'm attending alone and would like to cut costs in any area.  Hotel hacking indeed ;))

Anyone have the itinerary for the BP conference yet?  I'm trying to figure out when to book flights in and out.

thanks in advance

Hi all,

I'm brand new to real estate investing (in the middle of my first flip right now) and going to the BP conference.  Would love to meet other investors in similar newbie shoes that would like to connect offline while in Nashville and share all the successes/mistakes we've made.  Anyone brand new also headed to Nashville in a few weeks interested in grabbing a coffee/drink?

@Jon Crosby

Thanks for the input, i hadn’t considered this. All units are occupied for the next 10 months so I’m not sure how i could rehab one at a time. Any suggestions?

Hi everyone,

I have a scenario where I'm a bit stumped. I'm currently looking at a package deal on a SFH and a duplex as one purchase. The monthly rents are $2,170. This is about $800 below market value. I see a big upside. The properties will need lots of work but the tenants are currently living and paying rent w/o many asks for improvement. My question is how do you BRRRR a deal with tenants in your property? I don't want to get a traditional FHA loan to start b/c the house won't appraise at a high enough value. However, I can't afford to use an interest-only/hard money loan since leases don't expire for another 10 months or so.

What do you recommend?  Any of you use other methods for financing based on the scenario above?

Thanks

@Bob Okenwa, thank you! 

Good afternoon,

This question is geared for all the talented and experienced real estate agents on BP.  

Scenario: I have 2 comps at extremely different prices for similar houses in the same area ($450K vs $390K). One house ($450K) has been completely remodeled. The other house ($390K) has only been cleaned before listing. If most comps for houses that have NOT been remodeled are in the $370K-$390K range, what would you choose as your ARV on a remodeled house?

I have heard 2 schools of thought:

1. ARV is roughly $410-$420K. Why? That's the middle ground between the avg and the high.

2. ARV is $450K-$460K. Why? Once a high comp has been established, that can be the baseline as long as you remodel your house to that same or better standard.

What is your thought process on the scenario above and why?

Thanks in advance!

 Thanks @Account Closed for the help.  Very insightful and helpful information.

BP Community,

Those of you involved in short term rentals (Air BnB, VRBO, Home Away etc), what tools do you use to analyze if this property would be in a good area?  Is there a filter within any of these apps (or a 3rd party app) that will tell you how many properties are listed in the area, occupancy rate, etc.?  I see many shows on TV now about short term rentals and they always have tons of data regarding the above.  I'm assuming they are getting this from somewhere with relative ease.  Anyone have experience in this field?  

Thanks in advance

I had a contractor suggest to me to take a small home (765 sq/ft) that is in need of complete rehab and replace it with a modular home.  I've never heard of anyone doing this, but I also don't have too much experience.  Has anyone done this?  Pros/cons?  Any agents out there sold one before?  Is the value tremendously different?

Thanks in advance,