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All Forum Posts by: Vicente Terán

Vicente Terán has started 3 posts and replied 26 times.

Post: Construction Loan / Build to Sell Model

Vicente TeránPosted
  • Contractor
  • Phoenix, AZ
  • Posts 26
  • Votes 14
no work has been started yet. 

Quote from @Lee G.:
So horizontal construction is complete and you are ready to go vertical? 

Quote from @Vicente Terán:
Quote from @Lee G.:

Where are you in the process? Do you have entitled lots or are you still going through that process? 

Hi Lee! Thanks for your time to respond to my post. All construction documents are now into the City and undergoing their first review. I presume a permit will be ready in 8 weeks




Post: Construction Loan / Build to Sell Model

Vicente TeránPosted
  • Contractor
  • Phoenix, AZ
  • Posts 26
  • Votes 14
Quote from @Lee G.:

Where are you in the process? Do you have entitled lots or are you still going through that process? 

Hi Lee! Thanks for your time to respond to my post. All construction documents are now into the City and undergoing their first review. I presume a permit will be ready in 8 weeks


Post: Construction Loan / Build to Sell Model

Vicente TeránPosted
  • Contractor
  • Phoenix, AZ
  • Posts 26
  • Votes 14
Hi there! I am working on a new SFR development and looking for input regarding the best "method" for financing new development projects.

My goal is to get the new SFR permit in hand... list the property with renderings prior to construction start.... get the property under contract... then go build the house for the future owner (give them a few liberties with finish selections)

If I go this route, I assume I need to pull a construction loan still under my name... but do I still have to put the construction loan into long term 30 year debt after I complete construction before I can technically "sell" the property to the future owner that is under contract?

Curious what different options exist when doing new home construction where you "sell" or get the property under contract before the development is completed.

Hope this all makes sense, and thank you to everyone in advance that takes the time to respond and share some advice.

Post: rent by the room

Vicente TeránPosted
  • Contractor
  • Phoenix, AZ
  • Posts 26
  • Votes 14
Quote from @Nicole Masters:

We rent by the bedroom in Roseville California and have had a great experience! We make $4,500 in rent from our 5 bedrooms. We aren't particularly close to any major college and still get steady renters. We use websites like roomies.com and Facebook marketplace to see what other people are renting their rooms out for.


Hi Nicole! Do you run into "unrelated" tenants ordinances in your city where you rent by room?

Post: Rental interior doors

Vicente TeránPosted
  • Contractor
  • Phoenix, AZ
  • Posts 26
  • Votes 14
Similar, typically I look for home depot colonial style doors... sometimes you can find deals on offerup or facebook marketplace of cheaper options.

Post: What am I doing wrong?

Vicente TeránPosted
  • Contractor
  • Phoenix, AZ
  • Posts 26
  • Votes 14

I don’t think you’re doing anything wrong… my feedback would be how can you get creative to make the deal work? Example, if you’re looking at a 3 bed / 2 bath that doesn’t pencil, ask yourself… if this was a 4 bed or 5 bed would it pencil then? 

I have found that every property I purchase rarely works “as-is”… it takes me adding bathrooms, bedrooms, pools, etc. to make the property “work”

In this market it certainly takes a good bit of creativity to get deals to pencil but if you can think out of the box, and find ways to roll up your sleeves and make the deal work, then I’m confident you’ll find success! Good luck and don’t hesitate to reach out if I can be of help to you!


Hi Eric! I'd agree that a rent increase is in order... and may be worth increasing the rent annually based on current market conditions.. it doesn't have to be huge increases but in my opinion its important to stay current with market rents in the area.

Post: Who is ACTUALLY cash flowing with these interest rates???

Vicente TeránPosted
  • Contractor
  • Phoenix, AZ
  • Posts 26
  • Votes 14
Hi Mark! Potentially check around the universities where students can pay higher cost per bedroom. We have had some luck recently in these markets.
Hi Kay! I recently had a similar situation come up... I ended up opening a claim then had the insurance company close out the claim and covered the cost myself.

While working thru the claim process I ran into a handful of concerning events related to shady restoration companies and ended up being able to make the repairs for far cheaper than what the restoration companies were saying they would charge the insurance.

I did have the drywall removed and had blowers on the wet areas to assure it was 100% dried out and avoid mold issues.. along with had the area professionally cleaned after. You can have a company come out to do moisture readings and saving them for your records to have confirmation the area that was impacted is no longer a hazard. Also can be handy to share with your tenants to show you remediated the issue 100%.

From what I've heard, if you can avoid going the insurance route and the cost for repairs is less or slightly greater than your deductible its better to avoid filing the claim.

One thing to note, if you open a claim and close out even with a zero dollar payout the property still has a record of this damage.. something that can impact your resell, as an FYI.

This is my experience, hope it helps!

Post: Hold or Sell Rental

Vicente TeránPosted
  • Contractor
  • Phoenix, AZ
  • Posts 26
  • Votes 14
Quote from @Adam Reyher:

@Vicente Terán where do you invest primarily?

Are you doing str mtr or ltr? How much are you putting down to achieve that kind of cash flow?

Hi Adam! I invest solely in phx metro area and target around Universities and hospitals. All LTR