All Forum Posts by: Shaun Hurtado

I can recommend a few good ones to you. Just send me a message and ill give you the contact info.

Welcome to the SA area Brian and Ronald. Feel free to connect with me via DM. 

-Shaun 

I have. 

Good Evening,

@Ribu Thomas PM me and I will get you plugged in to some solid hardworking professionals in the SA area. Look forward to hearing from you!

Respectfully,

Shaun M Hurtado, MPA, PMP

Hi All, 

If you email or message me I will refer you to a very professional and intelligent wholesaler. I don't play games so I've already done the vetting pricess. Look forward to hearing from you both. 

-Shaun  M Hurtado, MPA, PMP

Hell BP Community extreme newbie looking to buy my first house hack purchase here in San Antonio.

Its a newly constructed 4-plex selling for $460k my estimated mortgage will be $2700/month . I have the ability to do a $0 down VA Loan. Current rents for these units are $1200/month. Since it is a new build and dont have a history of expenditures what operating expenses should I factor in? Should i pass on this purchase and look for something better? I am apart of this community to help build upon my REI knowledge so value added comments/questions/advice is appreciated. Thank you!

Respectfully

Shaun

Hey Eddie.. Welcome! I'm pretty new myself. There is tons of valuable information on this site. Thanks for letting us know about the REIA group at Gradys. Contact me anytime. Look forward to maybe linking up.

Shaun H

Thanks @Michael P. for the warm welcome. You are right, in my case I am not looking to have my hand held, I am looking to put in some sweat equity or exchange something else that is desired. I can see where trying to find a local mentor can be a challenge as it creates competition. However, I'm sure it can have some strategic advantages as well. In the last 2 months have purchased and read all of the Bigger Pockets books as well as "What Every Real Estate Investor Needs to Know About Cash Flow" by Frank Gallinelli. So I understand the very basic book aspects of REI as there are similar business principles at play that I have experience in career wise (proposals, bids, capital budgeting etc.) However, in real life application I know things can be much different. I am now in the action phase and want to avoid " analysis paralysis" so I am ready to get started...I continue with my current situation below

Hi @Rick Pozos. I sincerely apologize for taking your comments the wrong way and responding the way I did. In internet forums I see new people get blasted quite often so I think I was negatively primed to take your comments the way I did. You were right, ensuring my profile was properly filled out is definitely critical.

Hello @Karmen Feist (tagging you in so you can see my situation and hear your thoughts)

My current situation is as follows (I know there are textbook answers to this but getting real life thoughts/answers/opinions under current market conditions seems best):

I sold my first house in DEC2015 due to a divorce and have been renting an apartment since. I am now month-to-month as I plan to move ASAP. I have my full VA loan available and about $80k liquid cash ( I co-founded an oil/energy startup last month in the Ft Worth area or I would have more cash on-hand).

1st step would be to use my VA loan with zero-down to buy a multi-unit property and house hack (ensuring financials are solid). Once I close and am settled I would like to use my cash to start buying properties to rehab and then rent out (or flip depending on the situation). Then repeating and slowly building up a portfolio.
I am actively working with a good agent (after eliminating 5 others) and it seems that most multi-unit properties are in undesirable parts of town and are extremely old or are priced so high that they don't meet to 50% or 2% rule. That is one hang up I'm having. I would hate to have to buy a SFR and lose out on the cash-flow opportunity. Any thoughts/opinions on my plan to steer me straight? Is there any knowledge gaps I am having here or things I need to think about? Maybe questions I need to ask. San Antonio market knowledge?

Respectfully,

Shaun H

Thank you Josue  and Karmen for the encouragement and value-added comments. I have updated my profile as advised (I saw the part I had missed). Karmen you sound like you and your family have a wealth of information and I would love to tap into some of that for a few of my thoughts/plans. There are so many aspects to learn. What I would like to do is buy properties that are distressed or in need of rehab and then holding them and renting them out. Slowly building a portfolio of properties. If the opportunity presents itself to flip then I definitely would pull the trigger. I have started forming a RE team (real estate attorney, a few good agents, GC's, local lender etc.) so that I have good relationships and can move quicker. I look forward to continuing our conversation!  

Rick I'm not sure why you even commented. Talking in a sarcastic manner does not portray professionalism or tact. Maybe that is how you communicate and is your norm? However, in general talking to someone who is openly seeking advice and asking for help does not warrant such a response. As far as education goes.... I did not know that the benchmark for being highly educated is holding several doctorates, seems a bit out of touch and honestly not a necessary comment on your part. However, if you would like to know my academic accomplishments you can check out my newly updated profile. Thank you.

Newer member to the BP community living in the San Antonio area. My life has slowed (career, school, family) to the point where I am ready to get to work with real estate investing. I am looking for a mentor in the area where i could tag along and learn from. I don't mind getting dirty in rehabs/flips for free as the experience is all i want out of it. I am relatively financially independent and my work is very flexible giving me lots of free time. I am highly educated, professional and extremely focused. If there is anyone out there who wants to pass on some knowledge please PM me. Thank you. Respectfully Shaun Hurtado