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All Forum Posts by: Roque Miranda

Roque Miranda has started 18 posts and replied 58 times.

Post: Staring my fist BRRRR out of state, Let's GOOOOO!

Roque Miranda
Posted
  • Contractor
  • Miami FL
  • Posts 58
  • Votes 30

Investment Info:

Single-family residence buy & hold investment in Montgomery.

7/28/24 - UPDATE WITH NEW PICTURES.
Hi all, just sharing the update and the experience, we finally after interviewing about 4 different contractors picked the right one so far.
We have stared the project about a month ago, completely new interior including adding new HVAC all new electrical, flooring, cabinets, tops and so on along with new driveway exterior paint and some siding.
ere are some progress pictures.
News, we are closing on a house and have a duplex under con . LET'S GOOO!!!!

Post: Staring my fist BRRRR out of state, Let's GOOOOO!

Roque Miranda
Posted
  • Contractor
  • Miami FL
  • Posts 58
  • Votes 30

Investment Info:

Single-family residence buy & hold investment in Montgomery.

5/17/24 purchase.
Charming Little 3/1 - We are remodeling all inside and out including new roofing, this is our first project out of state, it will be a BRRRR, hopefully first of many to come.
I will post the before and after pictures, hopefully it can help anyone starting this journey, we are new investing out of state but NOT new to handlining construction project out of state for clients, looking forward to the challenge!!!! keep you all posted.
_____________________________________________________________________________________________________________

7/28/24 - UPDATE WITH NEW PICTURES.

Hi all, just sharing the update and the experience, we finally after interviewing about 4 different contractors picked the right one so far.
We have stared the project about a month ago, completely new interior including adding new HVAC all new electrical, flooring, cabinets, tops and so on along with new driveway exterior paint and some siding.
My contractor is also an investor, so we were lucky there, good insight to share and also, he has lots of leads for renters.
But he is NOT a good photographer LOL. here are some progress pictures .

Also, I will like to share that we are closing on one more single-family property early next week and we have a duplex under contract.

Post: Start looking for BRRRR and Rental opportunities

Roque Miranda
Posted
  • Contractor
  • Miami FL
  • Posts 58
  • Votes 30

Hi ALL,

Any insights on the Tuscaloosa market in Alabama?

We are now investing in Montgomery, but the rents look good on this area as well.

any investor friendly agent from the area here in the forum.

As always, thank you ALL!!

Post: Multifamily Purchase on Charlotte Michigan

Roque Miranda
Posted
  • Contractor
  • Miami FL
  • Posts 58
  • Votes 30
Quote from @Michael Smythe:

It's only 25 minutes to Lansing, so it may be a cheaper rental solution for people living in Lansing.

Don't really know either market, so recommend you compare average rents to determine how likely it is someone would commute.


 Thank you Michael

Post: Multifamily Purchase on Charlotte Michigan

Roque Miranda
Posted
  • Contractor
  • Miami FL
  • Posts 58
  • Votes 30
Quote from @Troy DeLong:

@Roque Miranda Charlotte may be small but has a great rental population. Charlotte is a County Seat (Eaton County), so it'll always have a stable population. 

I'm a local and would be more than happy to assist with your multi-family search. 

- Troy 

Thank you Troy

Post: Multifamily Purchase on Charlotte Michigan

Roque Miranda
Posted
  • Contractor
  • Miami FL
  • Posts 58
  • Votes 30

Hi ALL,

Just reaching out to see if you can give me some insights on Charlotte Michigan, Small City close to Lansing MI (21 Mil), I'm researching a Multifamily building, My concern is that there is 9,000 plus population only, I see articles that show is a good rental market, but it will be grate if anyone that knows the area can have some feedback as far is Schools, Crime rate, Economy and so on.

As always, thank you guys, have a great day!!!!

Post: Managing General Contractors Remotely

Roque Miranda
Posted
  • Contractor
  • Miami FL
  • Posts 58
  • Votes 30

Hi Nam,

The only way is creating systems that can help you navigate your project week by week.

If the numbers make sense, you should place an add and see if you can hire a part time superintendent in the area that wants to make some extra money on the side, a construction superintendent will save you time and money, only doing this part time for you it will not be that costly, obviously you'll need to manage that super and you do that with preset forms and systems in place, if you need help with forms contact me directly with your email and I will send you what I have and what I use, that should help you 

Good luck!!!

Post: Add cameras to your rehab and keep exterior cameras for rents

Roque Miranda
Posted
  • Contractor
  • Miami FL
  • Posts 58
  • Votes 30
Quote from @Caleb Brown:

I would not offer internet. I would also not keep the cameras when a tenant moves in, not sure if that's allowed but even if it is that would be weird and scare off people. Having cameras during the rehab isn't bad but make sure your team is solid if you are nervous

Hi Caleb, 

Thank you for the advise!!

I'm not nervous the be honest, I'm use to the construction aspect, my idea on the rehab was to document procedures for the future project, I will not offer internet, that is clear now.

Thanks again 


Post: Add cameras to your rehab and keep exterior cameras for rents

Roque Miranda
Posted
  • Contractor
  • Miami FL
  • Posts 58
  • Votes 30
Quote from @Travis Main:

Hey Roque, 

Offering cameras and internet for tenants might seem like a good idea at first, but I would advise against it. Even if the cameras aren’t connected to you remotely, they can create uncertainty or concerns for the tenants. It's best to discuss this with potential tenants before they sign the lease to see if they are comfortable with having cameras on the property.

As for providing internet service, it could turn into a headache. If there are any interruptions or technical difficulties, tenants will likely contact you for help, adding more work for you. It's simpler to rent the property without these added services.

Thank You for the advice! 

Post: Add cameras to your rehab and keep exterior cameras for rents

Roque Miranda
Posted
  • Contractor
  • Miami FL
  • Posts 58
  • Votes 30

Hi All, 

quick question, I was thinking on get some temp cameras on my new rehab, as is an out-of-town investment 2 outside and 2 inside, the outside I will keep for the tenants after we rent, the inside is for the rehab process only.

this will imply having internet in the house, I was thinking on offering internet with the rent as well, you think this will help on the rental, it will add security to the tenant and I will be able to see the exterior of the house, remember that I'm new on this so your help is highly appreciated.

Internet cost is about $70.00 a month 

As always, thank you for your input !!  

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