All Forum Posts by: Solace Medina

Looking for a good management company that can manage a motel in Las Vegas with 21 rooms. The motel offers daily, weekly, and monthly rates, although almost all guests stay for months at a time. All recommendations appreciated! 

I just closed on a 4plex that has all the units occupied. The tenants are on month to month leases so 30 day notices are going out. The plan is to rehab all the units at once when the property is vacant. The problem I'm trying to solve is how do I go about getting contractor bids for the work with the tenants still living there? I want to avoid the awkward, weird situation of walking multiple contractors through each unit and discussing the changes I want to make while the tenants are present. As you can imagine, the tenants won't be thrilled to receive the 30 day notices and I can foresee issues with access into the units. I would like to be able to gather bids ASAP so that rehab can start right when the tenants vacate. Has anyone found a great solution to this?! Thanks in advance!!

I'm moving to Wichita next month and am looking to BRRRR multifamilies in the $100-150k range. Preferably properties with value add potential in B-C class neighborhoods and up and coming areas in the path of progress. Although I will be living in Wichita, I'm looking at other cities in Kansas as well. My main goal is to achieve great cash flow and a great cash on cash return. Any cities that Kansas that I should be looking into?

@Daniel Rosell Hi! The land is on the northeast side of Lancaster.

I am new to real estate investing and have this amazing opportunity to bring a great idea to a land owner that is looking for ways to use 10 acres of undeveloped land. If all goes well, I am hoping that this can catapult my real estate investing career forward. Exciting stuff! The land is located in Lancaster, CA and is owned free and clear. The land has been untouched for around 30 years and the land owner is only recently thinking of what can be done with the property. Here are the details regarding the land and the surrounding areas:

Land details:

- No buildings, structures, homes, or roads on the land currently. Just a large vacant lot. Electrical wiring can be seen running across the lot, but no knowledge of functioning sewage or water.

- Zoning: A-2-5 (This zoning permits a comprehensive range of agricultural uses in areas particularly suited for agricultural activities. Permitted uses are intended to encourage agricultural activities and other such uses required for, or desired by, the inhabitants of the community. An area so zoned may provide the land necessary to permit low density single-family residential development, outdoor recreational uses, and public and institutional facilities.)

- The land is flat and even with small bushes, weeds, and shrubs.

Surrounding Land:

- The immediate surrounding areas are large, vacant lots with some homes sprinkled in here and there (maybe 5-10 farm style homes on large plots of land).

- The closest stores/shopping areas/neighborhoods are 3-5 miles away.

Concerns:

- Lancaster has a high crime rate (higher than in 87% of U.S. cities).

- The land is surrounded by large, unkept, and vacant lots for miles.

- The land is on the outskirts of Lancaster.

I have thought about mobile homes, manufactured homes, an older residential living community, and more. I'm hoping that the experienced investors and developers can help an inexperienced newcomer out. All ideas and brainstorming are welcome!

I am new to real estate investing and have this amazing opportunity to bring a great idea to a land owner that is looking for ways to use 10 acres of undeveloped land. If all goes well, I am hoping that this can catapult my real estate investing career forward. Exciting stuff!  The land is located in Lancaster, CA and is owned free and clear. The land has been untouched for around 30 years and the land owner is only recently thinking of what can be done with the property. Here are the details regarding the land and the surrounding areas:

Land details:

- No buildings, structures, homes, or roads on the land currently. Just a large vacant lot. Electrical wiring can be seen running across the lot, but no knowledge of functioning sewage or water.

- Zoning: A-2-5 (This zoning permits a comprehensive range of agricultural uses in areas particularly suited for agricultural activities. Permitted uses are intended to encourage agricultural activities and other such uses required for, or desired by, the inhabitants of the community. An area so zoned may provide the land necessary to permit low density single-family residential development, outdoor recreational uses, and public and institutional facilities.)

- The land is flat and even with small bushes, weeds, and shrubs.

Surrounding Land:

- The immediate surrounding areas are large, vacant lots with some homes sprinkled in here and there (maybe 5-10 farm style homes on large plots of land).

- The closest stores/shopping areas/neighborhoods are 3-5 miles away.

Concerns:

- Lancaster has a high crime rate (higher than in 87% of U.S. cities).

- The land is surrounded by large, unkept, and vacant lots for miles.

- The land is on the outskirts of Lancaster. 

I have thought about mobile homes, manufactured homes, an older residential living community, and more. I'm hoping that the experienced investors and developers can help an inexperienced newcomer out. All ideas and brainstorming are welcome!