Swedriguez

863 posts

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Swedriguez

Swedriguez

@Swedriguez

Multifamily Real Estate Investor/Flipper. Retired CEO of Swed1five clothing#swed1five #swed #deadswed

Katılım Ağustos 2013
662 Takip Edilen77 Takipçiler
FourPlex Guy Carlos Gonzalez
FourPlex Guy Carlos Gonzalez@dig_deeper1·
I’m thinking about selling one of my fourplexes and it happens to be my best one. All four units are the same 1422 sq ft 3 beds 2.5 baths Car garage plus back patio The rents are like this $1600 $1650 $1600 $1600 Gross rents $6,450 Maybe selling it for $750K I’m just waiting to have a meeting with my CPA then I’ll make a decision
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Brad Jarrett | SFRinvestor
Brad Jarrett | SFRinvestor@Flipping_SFR·
3 remodel costs that catch investors and homeowners alike by surprise 👇
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Austin Hilton
Austin Hilton@austinahilton·
Is there ACTUALLY a possibility of XRP being added to the U.S. STRATEGIC RESERVE?! The answer....
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Gabe Trevizo
Gabe Trevizo@trevizo_gabe·
Give me an example of something that impacts "marketability" but not necessarily the value of a home.... Any ideas?
Gabe Trevizo tweet media
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Swedriguez
Swedriguez@Swedriguez·
@N8RealEstate Sounds like a full gut and 30 day notice for healthy safety hazard living situation. Just had something similar here. Tenant occupied since 2000, m2m lease, was hosting feral cats causing rats to infiltrate the entire triplex significantly impacting other tenants.
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Nate 🏠
Nate 🏠@N8RealEstate·
I looked at a multi family property last week One of the units had a tenant that lived there 30 years, paying half market rent Walked in the unit smelled like 💩, walked into the bedroom there was cat poop ALL over the floor Closet had a huge litter box full of cat poop, there was no cat in the apartment What's your move if you're buying this place?
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Swedriguez
Swedriguez@Swedriguez·
@dig_deeper1 You can do one through Zillow rental manager for free. Emails them application and lease. Super easy.
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FourPlex Guy Carlos Gonzalez
FourPlex Guy Carlos Gonzalez@dig_deeper1·
So my printer won’t print a document for a new lease that I need to print I have the HP 8600 and the printhead is not detected. I think it has to do that I was away for so long that maybe there was some corrosion build up Maybe it’s time to go fully digital like Docusign ?
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itsallphoenix
itsallphoenix@itsallphoenix2·
Name a Phoenix restaurant.
itsallphoenix tweet media
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Santa Decides
Santa Decides@SantaDecides·
Vintage Rolex Giveaway! ($3.5k value) To enter: ⁃ Like this post ⁃ Reply “RolexSanta” Must be following both me and @Stablos_store!
Santa Decides tweet media
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Swedriguez
Swedriguez@Swedriguez·
@TheLittleGuppy1 @CryptoBull2020 If you’re paying anything less that 4.5% int on your house it’d be foolish to pay it off early. That same amount would be better invested.
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CryptoBull
CryptoBull@CryptoBull2020·
If #XRP closes the monthly candle around $2, it rose 288%, just like it did in March of 2017. If it continues the trend, it would close around $5 in December and $30 at the end of January 2025.
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.🥱
.🥱@Lance15Fg·
@ParlayScience 🤔 I hope this not where this pick came from
.🥱 tweet media
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FourPlex Guy Carlos Gonzalez
FourPlex Guy Carlos Gonzalez@dig_deeper1·
So this is the fourplex I was telling you about 4 townhomes 🏡🏡🏡🏡 Each townhome has 3 beds 2.5 baths 1422 sq ft car garage and big patio Asking price was $285,000 in 2018 One townhome was empty and renovated and the seller was accepting FHA so I sent offers My company gave me the freedom to live anywhere on my territory sales area which was south phoenix all the way to Arizona City so I acted fast. I sent offers at asking price and we were under contract. The sales description of the fourplex mentioned that all appliances were the sellers and when we did the inspection I was there asking questions to tenants and found out that all appliances belonged to the renters. So we negotiated $10K off the asking price So we were at $275K After inspection report came there were some minor stuff that needed to be repaired: Sink faucet leaks in most units AC repairs Some ceiling water damage Broken tiles in the main entrance I told my agent how to negotiate for me and negotiated a $15K for the repairs, to repair them or to lower the asking price which they did. Negotiated price $260K Appraisal report came at $270K and bank was able to finance my loan. My down payment was $9000 and the bank gave me some credits… Rents at the time were $600 $650 $650 And my mortgage payment was around $1700 so I increased the rents to $900,900,900 and my own rent $900 I moved in to a renovated townhome and lived there for 1 year I have renovated 3 of the units that were left to renovate. The rents now are the flowing $1700 $1650 $1650 $1650 Total $6650 If I was to sell this fourplex at $750K My original investment of $9000 $750,000 - $260,000 =$490,000.00 2018 2024 $9000. $490,000 profits Brand new roof in 2022 Brand new ACs in 3 townhomes This fourplex is super solid for the next buyer
FourPlex Guy Carlos Gonzalez tweet media
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Nick Guglielmo
Nick Guglielmo@NickGuglielmoFS·
Week 1 is here Send me all your Start/Sits!
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think like a real estate appraiser
think like a real estate appraiser@ThinkAppraiser·
Agents who sell $30-$50 million houses: How do buyers in that price point decide what to purchase? Like are they buying as investment or are they buying because it had two theaters? Are they buying because it’s 2 acres in an area where 2 acres is unheard of? Are they buying for the neighborhood? Are they buying for the schools? Are they buying because their neighbor is George Clooney? What is the thought process of the buyer in the 30M to 50,000,000 range? I’m very curious.
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Swedriguez
Swedriguez@Swedriguez·
@ThinkAppraiser Financially no. Took out my 401k to fund first one. I did have a mentor that helped with hard money lenders, contractors and finding a good off market deal. Quit my job after that and the rest is history.
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