Real Estate Agent · FL · Member since 2016 · 17 posts · 11 votes
8y
Hello Ben, Im also in Tallahassee and looking for a quad myself. I have been looking at places for a few months now. Ive put in offers on a few places but everyone wants too much.
Any particular part of town that you're looking in?
Rental Property Investor · Tallahassee · Member since 2018 · 5 posts · 2 votes
8y
If the numbers fit I’m always open to take a look no matter the side of town. Saying that I try to stay away from SW Tallahassee. I agree, everyone is asking a lot. It’s a sellers market at the moment. I looked at a triplex the other day, it was nightmare. Needed to be torn down.
Central FL · Member since 2017 · 6 posts · 0 votes
8y
It may be out of your area of interest, but I’m currently looking for an investor for a property that is unlisted but for sale. It’s a 51 acre parcel in Central Florida with lakefront access for about $4000 per acre. Adjoining properties, with less acreage and no lakefront, are under contract for $12,000 per acre and one is still listed for sale for $15,000 per acre. Please let me know if you’re interested! 8638603974
Joel
Rental Property Investor · Tallahassee, FL · Member since 2014 · 67 posts · 18 votes
7y
Hey Ben,
Just seeing this now, but best of luck with your search. I bought my quad back in 2015, and yes there are some folks that just want way too much for what the place is. So many sellers want minimum 1% of rents for properties that are in need of a lot of work. Unfortunately, there aren't many quads in Tally.
My plan all along was to consider exiting this property and 1031 into another after 4-5 years (so 2019 or 2020), but I may continue to hold as it has cash flowed nicely. Problem i'm seeing now is the market is so high, what am I going to 1031 into? Anyone else having this problem in Tallahassee or elsewhere?
Problem i'm seeing now is the market is so high, what am I going to 1031 into? Anyone else having this problem in Tallahassee or elsewhere?
Yeah, everything is pretty expensive now. I'm considering just buying a land in the good location and possibly develop it into a quadplex when I'm ready.