All Forum Posts by: Chad Michael

4 Plex = more $ for capex, maint, etc.  and better spread against vacancy 

Duplex = easier to sell quickly at desired price  to investors that aren’t strictly number crunchers and house hackers (more appeal to residential buyers)

Hello Nick.

I’m moving to Miami soon and I’m in the same boat.

When are driving miles tax deductible?   With RE lisence and without it..?..

Not sure about ROI but I've heard they can be a hang out for bed bugs.

Is $1000 per unit a commonly used figure for upgrading?   Just wondering?

In addition to Upwork and Freelancer...   On LinkedIn you can find VAs that specialize in various aspects of RE.  I’ve heard some good things about VAs in the Philippines. Maybe message a few of them back and forth to gauge their ability to communicate effectively and timely through email before a skype conversation.   

Hello!

So I’m hoping to get  repetitions on estimating rehab costs by maybe looking at some before and after pictures along with rehab costs associated with them.   

If folks in the past have been so gracious as to share that much information on their past rehab projects, I would be very grateful for anyone who can direct me to such examples or a resource. I just bought J Scott’s books on flipping and the cost estimator (thought it would be helpful even though it’s estimated numbers are from 2013).  

can’t seem to edit the title..   I got cut off on character length before I finished the word Florida.  

Thank you Frank!  

It’s nice that we might be seeing things the same way.  Single family home prices look like they might be stretching monthly incomes for the neighborhoods I’m looking in.  Duplexes look to be less volatile.  Just a matter of snatching one up now..

Happy hunting and good luck.  I’d like to stay in touch if you don’t mind :)

Best,

Chad

Hello!  

My name is Chad.  I’ve been looking through here for a while for a while and finally decided it was time to join the community.    My fiancé and I will be moving to the Ft. Lauderdale area where we are looking to start investing.    I am a pharmacist originally from Iowa and she is an accounting professor originally from Korea and will be starting a new job at Florida International University this fall.  

So our strategy is to start house hacking with a duplex or triplex in addition to using marketing that targets motivated sellers and burnout landlords to structure our business as a wholesale operation.  Our long game is to capitalize buy and hold opportunities we anticipate to come from direct marketing.  Looking to start local and navigate through the inflated market before setting our sights out of state.  

I’m well read in real estate and ready to work but limited experience to back it up.   We’re currently looking to get a few deals and some experience so we have something to bring to the table for future partnerships.  My goals are to scale down to part time as a pharmacist (and scale into a full time real estate career) and make working an option for Silver and not a necessity.  Hope to meet great people to grow with and learn from!

Cheers,

Chad