All Forum Posts by: Rito Altamirano

agent in las vegas  on top producing team here. Feel free to p.m me if interested in vegas. 

one thing I didn't notice anyone mention is door knocking and cold calling expired listings  and just listed just sold. 

 its a pain in the *** and not very fun to do, but produces business. Ive been actively working for 4 months and have 2 closed and  2 active brokerage agreements for buyers and 1 listing. 

just cold call expired , its hard work makes you feel annoying as hell and its more like gambling with your time but its straight to the money. and all the best agents are listing agents anyways . focus on taking listings

@Ray Lai I currently live very very cheap I practically live free already. so I'm not looking to house hack plus I have a built kennel and 6 French bulldogs on my property so me living in the 4plex is a no go. and yea you're right as far as neighborhood grade. but i think it also varys what you would personally consider D neighborhood's . here in Vegas I wouldn't touch anything south east which is all D rated but I'd jump on a duplex or fourplex in north Las Vegas. which is also considered D area. so with that said I'd consider "d" areas after some extensive research and in the specific areas. someone above recommended Cleveland I'm currently starting some research in suburbs of parma, Cleveland heights, and the lakes area.. there lots of duplexes and tri under 100k and a few 4plex under 150 with plenty of investors giving the green light on the areas. definitely going to research hard before making any moves anywhere. as far as using the cash for marketing. I've done wholesaling campaigns and stuff not my thing. at least not right now it's a sellers market and finding deals is a pain in the ***. and I just started a yellow letter campaign to pull sellers for that 3% commission definitely a lot easier to do right now then find below M.V deals. but it's my first time using hand written yellow letters as an agent and not wholesaler so I'll see how that goes. if I don't find anything worthwhile I'll just be buying more bitcoin with this money and wait until my next litter of pups drops so I can have some more cash on top.

@Kerry Mertz thank you for that. ill look into All those areas and do some research.

@Mary L. I'm a Realtor here in Vegas I can get a 4plex in north Las Vegas for around 250k right now at least any one's that I'd want to own and rents are around 700 to 800 currently which is good. I understand house hacking I've house hacked and lived for free using room mates and understand it on multis too. however I already love for free and I own 4French bulldogs and 2 Boston terriers and run a small kennel from home so me living there is a no go. hence why I'm seeking out places for 100k or under so I can just use the 25k as a 15 to 25% down on conventional. I can find duplex here in town too for about 100 to 150k but im sure there's better out there. Vegas is to hot right now

@Matt K. duplex would be fine with me as long as the cashflow is there, fourplex is preferred I know it's a long shot at that price range. I've heard of people having some great investments in Midwest areas in this price range. do you currently have any properties out midwest? if so what are your numbers like? and what parts? thanks.

sell the condo take the equity and invest outside of Hi. if you're paying anything out of pocket youre losing bro. you can take that 30k and buy a multifamily somewhere. or even take advantage of free living you got. use that 30k , good credit, and 6k month to qualify for a hard money loan and start a small flip. you got yourself a great start with flipping the condo and taking the appreciation but at this point if you don't cash out the negative cashflow is just hurting you.

I agree with @Brian Pulaski for an all cash offer that's pretty good. as an agent I would've advised my client that your asking 169k and 155k is slightly low but I would've had him submit at 155k and hope for a counter offer at 160k to 162k.

so here's the deal I have 25k looking to buy a multifamily 4plex preferred. for 100k and under. I live in Las Vegas and this isn't going to happen out here or anywhere suurrounding Vegas but I keep reading and meeting people that are investing out of state into Midwest and southern states sooooo. my goals are 1.to cashflow 150 to 200 per door after expenses. 2. be in a C- or better community with not so high turnover rates where in the u.s would you invest? what state and city? why? what do you predict will happen in that area in the next 5 and 10 years? and what and where was your most recent buy and hold purchase?