All Forum Posts by: Adrian Castillo
Adrian Castillo has started 6 posts and replied 56 times.
Post: What do investors do when they have multiple properties? Multiple LLCs?
- Real Estate Consultant
- Brandon, FL
- Posts 65
- Votes 25
Quote from @Kevin Alvarado:
What do investors do when they have multiple properties? For example, 15 different properties for rentals. Do they just create 15 different LLCs? For fix and flip, that would be a separate LLC too? Any clarification would be great. Thanks!
Post: Travel nurse looking to start investing
- Real Estate Consultant
- Brandon, FL
- Posts 65
- Votes 25
Quote from @Daniel Figueroa:
I currently own a townhouse which I’ve recently rented for a net profit of 600$/mo. I’m looking to keep the ball rolling and scale up, now that I have capital and equity. Trying to think of a strategy that’s bulletproof.
Post: Top 5 Markets for the Perfect Balance of Cashflow and Appreciation
- Real Estate Consultant
- Brandon, FL
- Posts 65
- Votes 25
Quote from @Logan Francavilla:
I am going to purchase my first investment property sometime later this year, and my research has pointed me to 5 different markets for a good mix of cashflow and appreciation:
Columbus OH
Memphis TN
Indianapolis IN
Kansas City MO
Oklahoma City OK
Anyone have any feedback on these different markets? Do you see a good balance of cash flow and appreciation coming from these various cities? Any insight would be greatly appreciated!
I wonder why you didn't mention any cities in FLORIDA. For ex. @Mike Dymski mentioned appreciation and rapid growth, FL has been one of the fastest-growing states in 2022, as mentioned in the US Census Bureau, with most coming to Tampa Bay and surrounding areas. Let's connect so I can show you.
Post: Thoughts on buying flooded properties as flips
- Real Estate Consultant
- Brandon, FL
- Posts 65
- Votes 25
Quote from @Eunice Villarroel:
Hello, I live in South Florida and have been thinking about purchasing a flooded property in south Florida. It is in a flood zone. But it is in an amazing location Close to the beach and downtown. The whole area got flooded recently, first time in 50 years. Not sure how that affects house values. Please advise
Post: Would love some Floridian Advice!
- Real Estate Consultant
- Brandon, FL
- Posts 65
- Votes 25
Quote from @Dana A.:
Hey Everyone! I am looking into the Florida Market (From Palm Beach to Miami) however I am open to hearing more about other areas you all could recommend. I currently work with investors and developers here in NoCal & SoCal and would like to mirror my business model in Florida. Possibly even start flipping homes myself. Although I love the commissions received here in California as a realtor, I see more opportunity for a more prosperous, healthy and happy life in Florida. It also helps that I have family their too! :)
With my partners here, I could continue to work both states so my transition shouldn't be super hard. After almost 27 years in CA, I think I am done...
Have you ever considered the west coast of Florida for example... Tampa Bay and the surrounding areas. Let's connect I have a team that can highlight the pros and cons.
Post: Homeowners Insurance, Landlord Insurance, Umbrella Policy
- Real Estate Consultant
- Brandon, FL
- Posts 65
- Votes 25
Quote from @Jim Rivell:
@Oscar Guzman my LLC has the same dwelling/fire/landlord insurance which covers up to $100k liability, but we decided to also do a Commercial Umbrella for the LLC with a $1M liability coverage. Since there are multiple properties within the LLC we thought this was the best route and it was only roughly $250/year from State Farm. Well worth the risk in our opinion to cover our entire LLC
Can you share that firm's contact information, please...Let's connect thanks.
Post: Can repair people enter without either landlord or tenant present?
- Real Estate Consultant
- Brandon, FL
- Posts 65
- Votes 25
Quote from @Jessica Young:
Update: apparently I misunderstood and there is no key with neighbors. I thought my husband left one with our realtor/neighbor as a representative of us as property managers. I hope I don't have to fly there but it is what it is.
What to do when tenants stop communicating altogether? I have a full time job and children, mind you. And, a new found respect for landlords! :)
Post: I need wholesaler friendly Title Company in the state of Florida
- Real Estate Consultant
- Brandon, FL
- Posts 65
- Votes 25
Just sent you the info let me know how it goes...good luck!
Post: I need wholesaler friendly Title Company in the state of Florida
- Real Estate Consultant
- Brandon, FL
- Posts 65
- Votes 25
Quote from @Sandra Canning:
Quote from @Daniel Paloscio:
@Derrick S. Like @Katherine Blazer mentioned, Amber at Tiago Title is awesome. We have worked with them on several closings. Synergy Title is great too, you can ask for Leslie. Happy to get you contact info or make an intro if you want to shoot me a dm.
Great post. I check out Tiago & Synergy's websites both people seem to no longer be there. I am also looking for an investor friendly title company. Doing deals in Lee County preferably but also mobile closings in Florida. Any suggestions would be greatly appreciated. Cheers to all!!
Post: SFHA Vs Non SFHA - Special Flood Hazard Area
- Real Estate Consultant
- Brandon, FL
- Posts 65
- Votes 25
Special Flood Hazard Area, had a client look at a property within flood zone AE in Tampa. I was very surprised, by what FEMA requires, if you exceed a rehab budget over 50% of the assessed value. Has anyone experienced this process?