All Forum Posts by: Rudy Hernandez

Quote from @Luis Ciriaco:

Following this… I own in Puerto Plata (north coast of Dominican Republic) and it’s great thus far. Been in the market 18 months at this point. Starting ‘23 strong, already booked solid through March. https://www.airbnb.com/h/casac...

Hi Luis would be open to connecting? Would like your feedback on your experience with your property in DR. We are looking to buy a condo both for personal and investing. Greatly appreciate hearing from you. 

Can someone recommend a dependable bath remodel company for the Spring TX area? I’m an investor so need good work not looking to add anything “extra” to the work. Just good basic upgrades.

Depends what kind of cash flow you are looking for and consider good. For SFH In a good B- to B+ area it is fantastic to make $200.00 per door after expenses. That what is I prefer; lower profits but less headaches and consistent paying tenants. You can $200.00 plus per door in C and below class areas but will have to be more attentive.

Randy Pineda will you be doing your own property management? If so, include about a 8-10% on that for monthly fee. Also, capex for new ac units that you may need for the other units. May want to have about 7% for that. Other than that seems good to me.

Molly Morlino love the concept and look! You guys did a great job. I assume they are on your land? I wonder how the small house concept is accepted in tx? Ca for sure needs these types of homes. Great job! And congrats!

Joseph Bramante I would say finding the right partnership as well as benefits of sf is what stopping me. I like sf because they are easier to sell and manage. I like to invest in B and above class areas. I may lose in profit (due to higher purchase price) but I get the type of renters I can rely on to pay on time and take care of the property. By sell, you cannot sell a unit or two from a multifamily that is not performing but you can sell a sf or two that are not performing much easier. Yes there is the economies of scale with multifamily but who will you sell to when you want to sell? Only investors. Although sf has more competition you also have more buyers to sell too. Multifamily has the advantage of having the value or appraisal increase with the add ons you put and rental value but sf (depending on what class of area you are buying) is normally near good schools, which means higher rental occupancy.

Erica Williams If I'm not mistaken, tax appraisal is separate from Market appraisal; one does not effect the other. Market value is based on what hime prices are trending for and what people are willing to pay for. Tax appraisal is based solely on the house not taking into consideration what upgrades it may have or what other houses are going for. I would pay mind to the tax value. I would suggest talking to your realtor or realtors and get their opinion. A good thing to do is look up a past hurricane or natural disaster in the past and see what happened the market value of the homes from year to year.

Brittney Hughley I would say continue to invest. I am doing the same. If you are wanting to play it safe focus on areas that were not flood or flooded but it was an anomaly. If you're more of a risk taker, invested in a flooded home and purchase it as a discount to repair it back together, rent it then sale it later when the value has gone up and people don't assume we flood like this all the time.

@gabriel That's tough one. Not sure if any lease agreements actually state they must do something. I would think the relationship would allow you to talk to them and advise they should keep large items or items that can damage the house (I.e chairs, yard decor, etc.) inside to prevent any damage to the house.

I would use the refi. That's the same plan I'm following now. And like Joe Funari says once you start you get the itch. Using refi money I've acquire 3 rentals and now I'm only plan to acquire a multifamily house. I use my money I have saved for reserves and capex projects if needed.