All Forum Posts by: Sandy Morales

@Justin Brickman Thank you !

'Let's Go!"  I like that !  

@Jake,  Thank you so much. I git my deals from my long term network of investor peeps.  I am a networking queen in San Antonio and Corpus Christi, TX. Now that got my recent REA License, I can find my own deals not too for residential and commercial properties to include distressed properties.

Investment Info:

Large multi-family (5+ units) commercial investment investment.

I am a Limited Partner on a 48 Unit Multi-Family Deal; The Bella Apartments located in the East Side of San Antonio, TX. I did a full on flip a few years and know the East side area of San Antonio, TX very well.

I have properties in San Antonio, TX and was wondering if anyone had any debt collectors to recommend for unpaid rent.  Post eviction attempt to collect.  Preferably a company who specialized in rental properties. 

I hope I can ask in this Forum Group but our family has a property in Mexico; an inheritance from my mother who passed away a long time ago. We are having a hec of a time trying to get someone to assist us to market and sell the property.

The property, located in Allende, Mexico is under her name.  To make things more complicated, my mother was one of the first ones (back in the day) to be adopted (Had multiple names/ last names) and ended up moving to the states; when she got married in the US (my dad) and passed away with her married name.

However,  it's been a bear to get it to market and to sell.   We are not familiar with how the real estate laws and regulations work and have been in a dead-end situation due to having a lack of assistance who have the expertise to assist our family.  

Needing to find the appropriate resources, agent or representative to advice our family and who can speak English.

Thank you @Jorge Abreu for the explanation on how passive income would work if investing in a syndication deal.  

I backed out on a recent syndication deal because one of the GP's did not provide a clear break down of the how much our distribution would look like.  Another deal breaker for me was, when asked, they denied to provide me with references; I asked to speak with investors who were experiencing their syndication with them.  When that was not honored, it just gave me a bad feeling so I decided not to invest with them afterall.  I am a firm believer in transparency.  I guess not everyone is the same and they must have had their reasons not to 'bother' or syndicators with future investors calling them. I feel as if this is a missed opportunity. References are a valuable source of information in my opinion.  If they had welcomed us to call some other folks that would really help us newbies to feel it is a safe and trustworthy company to invest with.   

Any advise on these scenarios for the next time around?

Investment Info:

Single-family residence buy & hold investment.

2/1/1 Single Family Home - Close to the main highway in Corpus Christi, TX.

What made you interested in investing in this type of deal?

Great deal and timing

How did you find this deal and how did you negotiate it?

Networking / remotely.

How did you finance this deal?

Paid Cash

How did you add value to the deal?

Rehabbed the Kitchen, Bathroom, upgraded window in the living room and added a new wooden fence in the back yard.

What was the outcome?

Great! Renting above market

A good problem to have!  what about a regular Storage Unit or a Car Wash?  Depends on where the land is located in town.

Sounds awesome!  Thank  you!

What I just learned from a recent webinar hosted by Bigger Pockets....  Do your research in the market before you invest. .

Whether or not to invest in a specific geographic area is a key factor in the investment game.  You did your homework which is a smart investor should do. 

 Great job!  There will me way more opportunities that will come your way!