All Forum Posts by: Ricardo Rodriguez

Any investor-friendly Luxury SFH Builders referrals for Winter Park, FL?

I have a project which calls for someone who is able to facilitate all stages of the project (demo, design, permits, building, and lux finish work) and is used to working with investors or is perhaps one themselves.  

If anyone knows who I can contact and who may fit this description, I'd love to hear from you!

Thanks BPers!

Ricardo

:)

Curious what you guys think on this scenario:

Currently, the house is a 3/2.5.  Considering combining the half bath (guest bath) with the Master bath since they share the same wall and because Master bath is painfully small.  

Do you guys think a larger master is better for resale if it means the half-bath is eliminated?  Note:  The door for the current half-bath would remain in place so that guests can still use the facilities Without needing to enter through the master Bedroom.

Proposed new configuration:

Larger Master Bath with 2 sinks vs. 1 sink, more storage, and a shower (no tub).

OR

Alternate Proposed new configuration:

Small Master Bath with 1 sink, limited storage, new shower (no tub).  Half-bath would also be updated/remodeled.  

Thanks BPers,

Ricardo

:)

@Ricardo Fainsilber

Hey there Ricardo... Ricardo here :D  If we do business together, this could certainly confusing real quick hahaa.  Orlando is a great market, though it's so hot that pricing is getting near unreasonable.  If you're plan is to hold, that metric is not as significant; more-so in the MFH space.  I've done it all in and around the Orlando market, though my current specialty is apartment complexes.  

BTW, I'm always open for JV partners and would entertain a general business partner as well. Feel free to contact me directly or send anyone my way who you believe may be a good match.

Best Regards,

Ricardo

Sure, pictures are always best aren't they  :)

To give you an idea as to the house layout, the floor-plan has one full bath upstairs, and the two baths you see in the image below ("Current Configuration").  Keeping the existing half-bath door would allow a guest to not have to walk through the master bedroom door before arriving to the bathroom.  

Thank you!

Ricardo

Hello Pro BPers!  This is my 1st Pro Post, so here goes :D

What's the best retail resell value play for the Bathroom scenario below?

   (A) An upgraded large 3/2, or

   (B) Keep the existing 3/2.5 where both baths are very small & outdated by today's standards, or            perhaps ...

   (C) Update both baths and keep them separate?

Details:

House that is currently a 3BR/2.5Bath. Considering converting it to a 3BR/2Bath by combining the Half-bath with the Master Bath. They currently boarder each other and it would be relatively easy (so I think). I would keep the existing Half-bath door as an external entry point so that guests wouldn't have to walk through the

Master BR. Currently, the Half-bath has one sink and one toilet and is somewhat of a "closet" in size parameters. The Master's bath is a Full-bath one sink & standard tub/shower (with glass sliders). My thought is to combine both baths, put a proper shower in place of the tub, a garden tub next to that, then one vanity/sink, then the toilet closest to the "external guest door."

Am I going down the right path to assume it would be more desirable for a home owner to have a larger deluxe Master-bath with a guest door rather than the current setup with outdated and small bathrooms? Or should I just update both baths and keep them separate?

Thanks BPers!

Ricardo

What's the best retail resell value play for the Bathroom scenario below?

(A) An upgraded large 3/2, or 

(B) Keep the existing 3/2.5 where both baths are very small & outdated by today's standards, or perhaps ...

(C) Update both baths and keep them separate?

House that is currently a 3BR/2.5Bath. Considering converting it to a 3BR/2Bath by combining the Half-bath with the Master Bath.  They currently boarder each other and it would be relatively easy (so I think).  I would keep the existing Half-bath door as an external entry point so that guests wouldn't have to walk through the Master BR.  Currently, the Half-bath has one sink and one toilet and is somewhat of a "closet" in size parameters.  The Master's bath is a Full-bath one sink & standard tub/shower (with glass sliders).  My thought is to combine both baths, put a proper shower in place of the tub, a garden tub next to that, then one vanity/sink, then the toilet closest to the "external guest door."

Am I going down the right path to assume it would be more desirable for a home owner to have a larger deluxe Master-bath with a guest door rather than the current setup with outdated and small bathrooms?  Or should I just update both baths and keep them separate?

Thanks BPers!

Ricardo

:)

Greetings Fellow BPers,

Seeking some advise on my 1st buy-hold LL deal.  I know of a deal whose numbers work out like so:

(tool sourced: https://www.biggerpockets.com/buy-and-hold-calculator)

Pros:

• 2 story home, with 50% equity potential (once the repairs complete).
• Tenants are paying on time for 1+yrs and each have renewed for 10+yrs each time.

Cons:

• Needs 10-15k in repairs within the 1st 2years.
• Home is a SFH currently with two families (one upstairs and one down) using separate entrances and kitchenettes.
• Legacy agricultural district converted into rural homes, so their neighbors have pigs in their yard, goats, mobile homes, etc...
• Not entirely sure what the following means, but the seller states the following and wonder if this automatically means I will not be able to get financing from a bank:
  1. "This property will be quick claim deeded to buyer, buyer needs to be a cash buyer. It was a tax deed sale. Ideal owner would be buying to keep it as a rental after 4 years of ownership it automatically has clear title. If not, buyer would have to sue for quiet title in order to resell."

Unsure if the above is a good deal or not.  Having trouble making up my mind on it.  I haven't called a lender yet to see if it's even possible from that standpoint.  

Hey guys,

Would like to see what your opinions are regarding a Top-10 List of things I would ask a Seller prior to signing contract for an Owner-occupied Landlord-to-Landlord purchase?

It's possible that 11+ things should be asked, not sure... I have asked for the existing leases (so far noticed they're structured terribly).  I know the house is well water, is that a good thing or more risky I wonder?

Thanks,

Ricardo Rodriguez

Greetings,

Curious how to Structure the "3-offer" .... Offer?

Can someone supply a detailed case where they offered 3 scenarios from which the Seller chose?  Looking for some examples so I can adapt any future offers package accordingly.  

If you're curious, in the case of my current prospect, it's worth 125k, needs 35k+ rehabbing (haven't site-walked nor inspected), there's an option to build on the property with Seller advising that he's talked with other investors in the past and would rather build and somehow share in the profit.  

Thank you ahead of time,

Ricardo 

:)