All Forum Posts by: Austin Peck

@Stuart Dean, have you considered a 1031 exchange? 

I personally would pass on this deal without any other information. 

Sounds like a solid homerun, congrats! 

Don't forget about your vacancy, repairs, and CapEX. 

Sure, you just rehabbed and repairs could be lower for a while, but vacancy and CapEX should always remain static. =)

Hi @Benoit Malige, I also live in Fort Lauderdale and am an active investor.

For your temporary rental predicament... would you be open to renting a room short term? 

A friend of mine recently closed on a new 3br house in Fort Lauderdale for short term rentals (AirBnb) but he may be open to renting a bedroom for a 1-3 month lease-type arrangement. Let me know!

Best of luck in your endeavors. 

Very impressive @Chris Sullens.

I like your hustle! Where did you find the property, MLS? And did you do much negotiating?

Love the flooring! Do you have a breakdown of your repairs cost? It looks like you finished everything very affordably.

Congrats on your 1st deal! 

Hi Katrina,

I live in Fort Lauderdale currently and am actively investing. 

I would suggest staying north of 595 and look for investment properties between Fort Lauderdale and West Palm Beach. 

If you are looking for short term rentals, I would also suggest trying to stay east of I-95 if possible.

Best of luck in your endeavors. 

Khalil, I live down here in Fort Lauderdale (condo) and am looking for a SFH. I will send you a private message, perhaps when you are ready to sell I can make you an offer given the property meets my criteria.

House hacking multifamilies (duplex-quadplex) is a very good strategy, I wish you the best of luck! 

Don't forget about your license fee, if any, and the AirBnb inspection cost. 

Very inspiring. Thank you for taking the time to share with us!

 An you elaborate or comment at all on the process of converting from a 2/1 to a 3/2? Would love to learn more about the process and what can be looked for in potential deals that could prevent me from doing the same, or qualities that make it a good candidate to add rooms/bath. 

Thanks!

I live in the Fort Lauderdale area. Send me a message, would love to connect with others locally. 

Austin