All Forum Posts by: Victor Ayala

In this case... google is your best friend.

I would strongly suggest... before doing ANYTHING else... to try to get the owner to allow you you walk through the property and make a more accurate assessment of the condition of the property. Ideally you bring a trusted GC with you to offer his professional opinion on the matter. Just my $0.02 If there’s anything else I may be able to assist you with just let me know.

@Steve Driscoll Welcome sir!

Let me know if I can help in any way. 

One of these individuals should be able to assist you with what you're looking to accomplish.

Denise Donoghue

http://www.yourmortgagenerd.com

Chuck Weaver

https://www.chuckweavermortgage.com

Maurice Caicedo

vipmtg.com/maurice

Roger Salazar

salazarserviceteam.com

@Will Coleman since you're in Little Elm and I'm located in Frisco let me know if you would like to get together sometime soon and we can go over ALL the active inventory currently available on the MLS within that price range. If your search criteria fall into my geographic area of expertise I may be able to provide you with some off-market inventory as well.

I can also prepare a report for you of all the stats you could possibly want and need to know as an investor for the areas that you may be considering purchasing a property. So just let me know if you would like to get together soon.

Everything @Kyle Strouse just said is 100% on point!

Here's my assessment based on my recent visit to Puerto Rico:

It's rough out there. My opinion hasn't changed really... I was able to confirm my assumptions rather.

I would definitely invest with tourists and short-term vacation rentals in mind. Just because there are just way too few people who can afford even a $500+ rent. Also, it's really not worth buying properties to flip… unless your able to keep the ARV under $60k and still make some money.

Buy and hold would be the way to go for residential. And only buy and hold vacation/short-term rentals specifically.

Commercial property is also profitable… depending on location.

I personally was out there gathering information and documents regarding raw Oceanfront property (with permits in place for Hotel Casino and Resort), Acreage for agriculture development (Puerto Rico is blessed with very Fertile Soil), some shopping centers in urban areas and 2 private islands that a broker wants me to help him market here in the States.

So HMU anyone that would like more info about Puerto Rico

@Chris Rivers Sure! I'd be more than happy to help and assist you in any way I can.

@Roberto Torres you see! Property management is where it's at!

Here's my $0.02 on that. "Frisco, Allen, Plano & Valley Ranch" are too expensive and taxes are too high to make the numbers work. Especially if you're looking for "turn-key" deals. Otherwise, you have look and find an off-market, deeply discounted deal that needs repairs in order to make it work. I agree that appreciation is "potentially" there because the area is exploding with growth. 

The ONLY place that I can say the 1% rule on a turn key investment in the DFW area is attainable is in a new development (new construction homes) being built in the cities of Forney & Heartland TX. 30-40 mins away from Downtown Dallas. Let me know if you would like more information.  

I would also be more than happy to show you around when you come to town. Just send me a message so we can exchange contact info. 

@Roberto Torres

Ocean Park... "me gusta". That's exactly where you need to be investing you $$$. Close to the beach, good food and beautiful people. That's where people who will come to visit want to be.

Also, in my opinion, If you get REALLY GOOD at managing property (Airbnb & Vacation Rentals), understand what investors in the States expect and you’re able to provide that service at a high level… There, my friend, you have another great opportunity!