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All Forum Posts by: Account Closed

Account Closed has started 15 posts and replied 47 times.

Post: Moving past your first deal

Account ClosedPosted
  • Rental Property Investor
  • Florida
  • Posts 54
  • Votes 29

@Matt "Roar" Gardner much appreciated as always, numbers are super important so i will definitely do my due diligence!

Post: Moving past your first deal

Account ClosedPosted
  • Rental Property Investor
  • Florida
  • Posts 54
  • Votes 29

At the end of May I closed on my first deal, a STR in Fort Walton Beach. The place has been cash flowing but it has taken some of my time over the past few months to manage. With the first deal going well, i am really looking towards jumping on a deal and have been super attracted to finding a house to BRRRR or flip. What advice do you all have on making your second deal? I know it can be easy to rush into it, but what are some things that people over look when it comes to their 2nd, 3rd, 4th deals and so on? Thank you for any help!

Post: Destin / Fort Walton Beach area Networking

Account ClosedPosted
  • Rental Property Investor
  • Florida
  • Posts 54
  • Votes 29

I have work tomorrow evening, i will see if i can come late, hopefully I can. If not, ill catch you and Chris at the next one! Great event!

Post: Young Military Investor in Colorado Springs, CO

Account ClosedPosted
  • Rental Property Investor
  • Florida
  • Posts 54
  • Votes 29

@Charlie Cameron Great advice as well! Id love to chat with you as well about the local area, im especially interested in your multifamily story. Ill send you over a connection request!

Post: My first self storage deal

Account ClosedPosted
  • Rental Property Investor
  • Florida
  • Posts 54
  • Votes 29

@Phil Sneed I would love to chat and learn more about the process! Ill send you a message

Post: My first self storage deal

Account ClosedPosted
  • Rental Property Investor
  • Florida
  • Posts 54
  • Votes 29

@Brandon Hobbs I would love to chat more about the Santa Rosa area. Ill send you a message!

Post: My first self storage deal

Account ClosedPosted
  • Rental Property Investor
  • Florida
  • Posts 54
  • Votes 29

@Greg Dickerson That great stuff. Any good resources, books or blogs, you think would be beneficial to read or check out?

@Noah Mccurley Its exciting but im trying to stay level headed and educated. Great advice though and i appreciate it greatly.

@Michael Wagner I will definetly check out your blog and i will shoot you some questions i will have. Looking forward to really getting to learn this asset class and capitalize on the value add mom and pop shops like you were talking about. Thank you for your advice!

Post: My first self storage deal

Account ClosedPosted
  • Rental Property Investor
  • Florida
  • Posts 54
  • Votes 29

Hello BP, I am a beginner real estate investor down in Florida. I am currently running a STR that has been cash flowing very well and i am looking into expanding my portfolio. One of the asset classes that i have always been drawn into is Self Storage. Near the area i live, traditionally you will see big self storage companies, or local companies that have been around for a while. I am looking to get involved in this market, but im not sure where to start. Any advice? Thanks for any help!

Post: Contractor Recommendations Pensacola

Account ClosedPosted
  • Rental Property Investor
  • Florida
  • Posts 54
  • Votes 29

Does anyone have any recommendations for an investor friendly contractor in Pensacola for a fix and flip I am looking at doing? Thank you!

Post: *NEED ADVICE* Funding a Triplex

Account ClosedPosted
  • Rental Property Investor
  • Florida
  • Posts 54
  • Votes 29

Hello BP, I just found an amazing Triplex and I ran it through the BP calculator through several scenarios/outcomes and on the low side, the Triplex will provide a 27% Cash on Cash ROI, 10% Pro Forma Cap Rate and a 11.04% Purchase Cap Rate. I have already used my VA loan but dont have enough capital saved to throw down a 20% down payment on a conventional loan. The triplex needs some repairs, but i dont believe it is enough to BRRRR it. What are my options for financing? I know there is the option of bringing in partners, but what other low or no money down options would be good for this deal?