Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Valerie Lopez

Valerie Lopez has started 8 posts and replied 33 times.

Post: BP Con 2021 Roomshare

Valerie Lopez
Pro Member
Posted
  • Rental Property Investor
  • El Paso, TX
  • Posts 34
  • Votes 12
Originally posted by @Julian Sanchez:

Same here 

 Julian,

Thanks for replying. Since I didn't hear from anyone I booked a room at Quisby. It's shared rooms but controlled by the hotel instead. Good luck room hunting. See you in a couple of weeks. 

Post: BP Con 2021 Roomshare

Valerie Lopez
Pro Member
Posted
  • Rental Property Investor
  • El Paso, TX
  • Posts 34
  • Votes 12

Hi all, 

Anyone want to share/split a hotel room or AirBnb for BP Con 2021? I'm looking for a roommate, let's hotel hack. 

Post: In Search of El Paso RE Meetups

Valerie Lopez
Pro Member
Posted
  • Rental Property Investor
  • El Paso, TX
  • Posts 34
  • Votes 12

Daniel,

I sent you a private message. We’ll set up an meeting and invite everyone.

Post: In Search of El Paso RE Meetups

Valerie Lopez
Pro Member
Posted
  • Rental Property Investor
  • El Paso, TX
  • Posts 34
  • Votes 12

Let’s do it. Let’s set up a meeting even if it’s virtual and we can meet fellow El Paso investors.

What days are good for you all? 

Post: Anybody know a great REALTOR down in El Paso/Ft Bliss?

Valerie Lopez
Pro Member
Posted
  • Rental Property Investor
  • El Paso, TX
  • Posts 34
  • Votes 12

Brian Hall

https://www.century21.com/real...

An El Paso/Fort Bliss real estate agent. He’s helped me with 2 purchases this year. He’s a people person and a veteran. Great to work with from my experience.

Post: 2nd Investment Property

Valerie Lopez
Pro Member
Posted
  • Rental Property Investor
  • El Paso, TX
  • Posts 34
  • Votes 12
Originally posted by @Kellan Martz:

Congrats. Good luck on your rental!

Thank you Kellan 

Post: 2nd Investment Property

Valerie Lopez
Pro Member
Posted
  • Rental Property Investor
  • El Paso, TX
  • Posts 34
  • Votes 12

Investment Info:

Single-family residence buy & hold investment.

It’s a single family I used to live in. I’m doing minor repairs and will be renting it out soon. I bought another property in June and moved into it, leaving this one available for me to turn into a rental. So exited to grow my portfolio, on to my next buy.

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

Single families are easier to rent out.

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

Bought another single family to live in.

How did you finance this deal?

Conventional Mortgage

How did you add value to the deal?

Making updates and minor repairs.

What was the outcome?

Increase in portfolio

Lessons learned? Challenges?

Getting a home loan to move into is easier that’s getting an investment loan with regular lenders.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes, I work with real estate agents on all my purchases. They have more knowledge and contacts that I do not yet have.

Post: A $175K property for $60K, would you buy it?

Valerie Lopez
Pro Member
Posted
  • Rental Property Investor
  • El Paso, TX
  • Posts 34
  • Votes 12
Originally posted by @Shane Cummings:

@Caleb Brown makes a good point...wholesaling could be a good option.

So many factors need to be considered in the "would you buy it?" question. Everyone's situation and risk tolerance are different.

Personally, if the numbers truly are that good I would do anything in my power to buy it. 

Thank you Shane

Post: A $175K property for $60K, would you buy it?

Valerie Lopez
Pro Member
Posted
  • Rental Property Investor
  • El Paso, TX
  • Posts 34
  • Votes 12
Originally posted by @Caleb Brown:

If it was me i'd wholesale it or wholetail it. If you don't have the funds to complete it then you make a profit if it is truly worth that.

 

Thanks Caleb, I have no experience wholesaling so I'm not sure how to go about that but will consider it as a viable option.

Post: My first rental property

Valerie Lopez
Pro Member
Posted
  • Rental Property Investor
  • El Paso, TX
  • Posts 34
  • Votes 12
Originally posted by @Marlen Weber:

@Valerie Lopez Congratulations on your first investment property. 

Thank you Marlen