All Forum Posts by: David Baier

Real estate market tends to lag behind the stock market or the market in general. I have not seen any substantial price reductions in Central FL or other market I am active in, maybe some slight reductions from properties that are just sitting on the market or from wholesalers but nothing significant. If there is a second wave of coronavirus fear after things get back to semi normal and stats for infected people and deaths spike, then I am hearing real estate can be very much so adversely effect in the short term and long term. Bottom-line is there are still deals you can find right now and no one real knows with certainty how things are going to play out over the next few months so factor the downside into any of your investment strategies. 

My team and I have some capital we have to deploy in the next 45 days or so on apartment buildings.
We are looking in A/B/C areas for buildings with value add potential.
Preferably 50+ Units
Open to anywhere in the country within an hour or so of a major city
We can pay you a fee or kick you equity in the property if you bring us something we buy.

My team and I have some capital we have to deploy in the next 45 days or so on apartment buildings.
We are looking in A/B/C areas for buildings with value add potential.
Preferably 50+ Units
Open to anywhere in the country within an hour or so of a major city
We can pay you a fee or kick you equity in the property if you bring us something we buy.
Please send to [email protected]

@Kaynea Bingham great post and strongly agreed.

@Ken Latchers I'm curious why you are so against this concept? Have you been burned by it? Have you tried it in more than one market? I see people pulling this off successfully in several different markets so not sure how it can be fools gold when it's grown stronger and stronger in popularity. Just curious what you have to back your opinion?

55+ Community Turn Key Mobile Home Rental

2 bed / 2 bath

Bradenton, FL 34207

Cash Only

Buy-&-Hold Rental Analysis

Market Rents: $1,000/mo +/-

Repairs: None (See Below)

Annual Gross Income @ Market Rents: $12,000 +/-

Annual Net Income @ 15% Expenses: $10,200 +/-

Cheapest Turn-Key Rental in 34207 zip code. Comparables are selling at 70k. Updated features such as Bahama style shutters, kitchen back splash, stacked washer/dryer in the kitchen, AC, laminate and tile flooring. This home is has been completed with drywall throughout. Furniture, Pots & pans, TVs - ALL INCLUDED. Perfect for seasonal or year round residents. The gated community offers larger lots, wide roads, heated swimming pool, clubhouse, shuffleboard, library, billiards and a very busy social calendar!

Block Construction 3-bedroom Home
Bushnell, FL 33513

Buy-&-Hold Rental Analysis
Avg. Market Rents: $875/mo
Annual Gross Income @ Market Rents: $10,500
Annual Net Income: $7,920
Monthly Cash Flow @ Market Rents: $660
Net Cap Rate @ Market Rents: 10% +

Fix & Flip Analysis
ARV: $125,000+/-
Rehab Costs: $15,000 - $20,000

Home has a brand new roof, mold remediation and drywall removal already completed. Light Cosmetic Rehab and Updating needed. Great Rental-or-Flip!

Pics

https://drive.google.com/drive/folders/1mlhSJ6CzK91Tsso6WxWRTYgNoX00o2fe

Property Info Sheet

https://docs.google.com/spreadsheets/d/1-ecSm9EkCcRBuTuU8oM9axs5Ql0gqLcAGTQ1WaAOBNY/edit#gid=0

Try A+ Home Rentals. 

Income producing duplex in St Pete. One unit has 2 bedrooms / 2 baths and the other unit 2 bedrooms and 1 bath. Bottom unit needs finished but most of the rehab has already been completed. High ceilings in the top unit! HUGE backyard and electricity is metered SEPARATELY!! Close to Downtown St Petersburg, USF St. Petersburg, Beaches, hospitals, schools, parks, golf clubs, many dining and shopping options! Price: $109,900 Reduced!! Expected Rents: 2/1 - $975 2/2 - $1,100

Taxes: $696 AC - Window Units Public SewerRoof Condition – GoodNo HOA https://drive.google.com/open?id=1ZG0PqK0QDrDpKAFAluKT-iMzBpZ2sQdb

Income producing duplex in St Pete. One unit has 2 bedrooms / 2 baths and the other unit 2 bedrooms and 1 bath. Bottom unit needs finished but most of the rehab has already been completed. High ceilings in the top unit! HUGE backyard and electricity is metered SEPARATELY!! Close to Downtown St Petersburg, USF St. Petersburg, Beaches, hospitals, schools, parks, golf clubs, many dining and shopping options!Price: $125,900 Expected Rents: 2/1 - $975 2/2 - $1,100

Taxes: $696 AC - Window Units Public SewerRoof Condition – GoodNo HOA https://drive.google.com/open?id=1ZG0PqK0QDrDpKAFAluKT-iMzBpZ2sQdb