Updated over 9 years ago on . Most recent reply
New member in Pinellas, St. Petersburg, Tampa
Hello, new member here. I have been browsing the forums and listening to the podcasts. Read a few books, researched the MLS, craiglist, etc. I feel like I'm at the point where I know what I want to do and how I want to do it. Multi family buy and hold in my market or close to my market (I know there may be better deals in other markets, but I'm not ready for that yet). I would like to buy a 2-4 unit property so I don't have to go into commercial loans yet. I'm trying to follow the 2% rule, but it doesn't seem like it is possible in this market and even 1.5% is far fetched, the worst I would settle for would be $100/door/month. Looking to set up a team for my first purchase (and then many more purchases) and need advise on a property manager, lawyer, real estate agent or wholesaler. I have the cash and would like to spend up to $250,000 (really $60,000 or less per door). Any help or advise is appreciated. Thank you.
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- Real Estate Broker
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Hi Jesse,
You're correct that the 2% rule is not realistic in the St Pete market in good neighborhoods.
I'd be happy to help with 2 of your 4 needs (investor friendly agent and property manager)...let me know if you have any questions or I can help in any way.
Good luck!
- Jeff Copeland
