All Forum Posts by: Dario Furman

@Tim Herman 

Miscellaneous expenses are lawn care and pest control. Is there anyway to get creative with the financing it currently I am putting down 25% with a 4% int and closing cost of 11k. I want to try to invest locally in South Florida but these are the type of deals that you really find

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That’s awesome Diane!! Good for you. I can only imagine how tough this could have been and how much time you had to invest in it but it sounds like it was well worth it!congratulations 

The fourPlex that I’m currently looking at was bought as a duplex 15 years ago but they Converted it into a fourPlex with two studios however they never added any additional square feet just closed off some walls and added exterior entrances but the city appraiser office shows it as a two unit not a four unit not sure if I should be worried

If you need a cpa I would highly recommend Jason Gudaitis, CPA he  has a ton of real estate investors in south Florida. He is local 

The Gudaitis CPA Firm PLLC 

Even in the second set of pictures that I uploaded it’s still not legible?

These are better pics. It’s for a duplex both 2/1 one is rented at 1450 the other just became vacant. Market rent is 1450-1500

Good morning all,

I have been preparing and saving for about 18 months now and have started to take a hard look in and around where I live (Miami,FL) and have been working with traditional realtors but most of the things they are showing me are SFH and condo/townhomes but most can't even pass the 1% rule. I spoke with a wholesaler yesterday for the first time but seems most properties they have require hard money loans and just curious about that type of lending since I'm really only familiar with conventional. I bought my house with FHA then refinanced on a conventional loan and since I moved in I have house hacked the mother in law room as an Airbnb which has been netting $1105 per month which has really helped my ability to save. My current capital that I am willing to use is $30k cash but have access to 100k in 401k and 85k through a heloc loan but have been very conservative on the deals I'm looking at. I have been looking for something under 140k. Which is tough in south Florida. I have in laws in Orlando near the Florida mall which is near sky lake but it's a little rough area. Not sure if I should shift my focus up there or raise the price of the properties I'm looking at or try the hard money approach. Need your advice. Thank you