All Forum Posts by: Bob Razler

Hello @David B.

I think you are going to see overall lower rates with turnkey because you are going to pay slightly higher for the property.

I am not disparaging it.  You are paying for a service from them that has value.  They are finding the deals, rehabbing (sometimes), renting it, marketing it to us and finally making a profit.

I think they offer a great service to investors.

Bob

PS here are a few of the nice multi's in Lake Worth we were talking about:

http://www.realtor.com/realestateandhomes-detail/4...

I looked at this one inside.....it's nice.

http://www.realtor.com/realestateandhomes-detail/3...

http://www.realtor.com/realestateandhomes-detail/5...

This is the blue duplex I was talking about:

http://www.realtor.com/realestateandhomes-detail/1...

Same seller on this one:

http://www.realtor.com/realestateandhomes-detail/1...

I love the look of this Triplex, put an offer in but not accepted.

http://www.realtor.com/realestateandhomes-detail/1...

Overall it's a GREAT neighborhood.  I recommend everyone drive through if they are in the area.

Bob

Thanks Jon.  Great meeting yesterday!  I really enjoyed it!  I am sorry I had to leave right away.  I wish I could have stayed and chatted with everyone.

See you all next month (if not sooner).

Bob

Hello @Pablo Garcia . 

Here is the flood map of the location in your link:

https://map1.msc.fema.gov/idms/IntraView.cgi?KEY=4...

As you can see, the waterways are outlined with their respective flood zones.

See my post here for additional info.

https://www.biggerpockets.com/forums/12/topics/479...

Bob

@Pablo Garcia

https://msc.fema.gov/portal

Hello @David Mejia . 

I have been to the meeting in Delray (tomorrow) and it is great.  No pitches or sales (except maybe coffee).

I have also been to the PBREI meeting in Deerfield on Wednesdays.  Another great group. 

I highly recommend both.

Bob

Hello @David Mejia .  Welcome!  

As you are seeing, it's a tough market down here.  Your same purchase $ doesn't buy you the same $'s or rent in return as in other markets.

I would recommend attending the local REIA meetings (there are quite a few). You will hear lots of great ideas and get some great wisdom.

Right now I am looking North of PBC these days.  Stuart, Fort Pierce, Vero, etc.  But locally I love Lake Worth and Wellington.  Quite a few multi's there.

In your area Coral Springs seems to have a few multi's as well.

Bob

Hello @Joseph Mceneaney .  

They might be 2 different answers.  :-)

As for a vacation home I would always recommend SE FL and the Keys.  Having come from your area and settling here I love it.  

As for investments, JAX, Tampa, Orlando.

Drop me a line any time.  I am happy to chat about SE FL.

Bob

@Jose Rueda the Wednesday meeting is at Duffys on Federal Highway just south of the county line in Deerfield.

Hello @Hunter H.  Welcome to BP and the community!  

You might get some sticker shock in our area here.  There are some deals out there.

With the 85k you might consider house hacking.  There are some area's with great duplexes.  If you live in 1 unit you will save most of that 85k for another deal.

Bob