All Forum Posts by: Oscar Meneses

Thank you Chris. Are there project managers that could help me oversee the rehab process of each deal? If so, what could be the cost involved?   

I understand there are some property management companies that are vertically integrated that could also help with this? 

What do you think of this plan? I´m a new investor from out of the country. I want to: A. Build a portfolio of SFH rentals for cash flow. B. Build turnkey properties that I can sell to passive investors in my country/region. This is what I have in mind:

1. I plan to travel to the Midwest and visit different markets in Ohio, Michigan, and Wisconsin. The purpose is to visit a few neighborhoods in each market to get a good feel for them.
2. Since I will be managing everything remotely, I understand a team of experienced and trusted off-market property providers, contractors and property management companies will be the key to success. During my trip I will meet potential companies/people that I can work with in each of these core three areas to discuss strategy and identify opportunities (nothing like face-to-face meetings and shaking hands).
3. I have between $100K - $150K to get started and looking to do all cash deals initially. I have access to more private investment capital to scale if the first deals prove to be successful.
4. To get my feet wet, get some experience fast, and generate more profits, I am planning on doing a couple of quick flips before starting to look at BRRRR deals to build my portfolio.

What kind of deals would you recommend in this situation? Which markets, neighborhood types, property types, etc. It would be great if you could provide some numbers, targets, or examples that can help me get a more clear picture and look in the right direction when looking for these initial deals.

I appreciate your tips, recommendations, and warnings.

Thank you @Drew Sygit. Can you send me your e-mail address please, would like to talk more. 

Newbie here. I am international investor from Guatemala City, Guatemala. I want to build a portfolio of SFH rentals and sell them as turnkey properties to passive investors in Central America. But first I need to set up a solid structure to take care of all the processes that the deals will require.

I am looking for a company, a team, or individuals (international tax and real estate attorney, CPA, etc.) that can help me with all things legal and taxes. Ideally if they speak Spanish and are in Miami, Florida (easy to travel from Central America).

I appreciate your recommendations, things to look out for and any other pointer to get me on the right track.

Hi there! I am an entrepreneur from Guatemala City, Guatemala. I have been investing in real estate locally for a few years. Now I am looking to start my real estate journey in the USA. I am both interested in building my own portfolio of single-family home rentals, and in offering turnkey properties to passive investors in Central America.

I´m hoping to connect with property providers, wholesalers, contractors, property management companies, etc. It would be ideal to find a team that is vertically integrated and can help me throughout the whole process. Building relationships is most important for me at this point. I understand for my project to be successful I need boots on the ground, a great team with lots of experience that would be interested to partner with me for the long haul.

From the research I conducted I would like to get started in markets such as Cleveland, Detroit, Kansas City, St Louis, Cincinnati, etc. Initially looking for off-market, distressed properties that we can renovate, rent, and get great CAP and return rates (potential section 8 rentals could be a possibility).

Any advise or pointers will be much appreciated!