All Forum Posts by: David Dawkins

I agree with many of the previous comments. There are multiple factors to consider. Assuming you're not planning to leave your profession, I would look at the long term, as you're not needing cash flow today. I would focus on the overall returns of the investment(including tax implications), not just the cash on cash. As some have said too, you can have both. Certain multifamily projects may be significant value adds, but still provide decent cash flows throughout. I'm in Jacksonville as well and would be happy to discuss further. Best of luck!

Job duties include but are not limited too:

Posting Listings

Showing Units

Process Applications

Resident Communication

Maintenance Coordination

-Most of work can be done remotely, but local employees are preferred to be able to show units. 

-Property Management experience, specifically with Buildium Software preferred but not required.

In the southeast, Chick fil a is a company you can add to the A/B bucket.

There are 2 SFRs in there that are A-/B+, the rest, including all the MFs are C/B-. But keep in mind Jacksonville didn't shut down until April 1st. And we made it clear that rent was still due. Now with people out of work for a few weeks, even with the stimulus checks, we'll see how May goes. 

@John Voychick 

We're 95% across 30 units throughout town. Only one non-payment(who was about to get evicted, now they get another month and a half) and one partial payment. A couple more slow payers and we also waived late fees. Stimulus checks started coming in last week, which should help, but we're bracing for impact again come May 1st. 

The company: We are an Asset Management Firm working in the multi-family sector. Our focus is to acquire apartment complexes of 20-100 units or more improve their financial performance through a variety of strategies to achieve targeted results. 

The position: We're looking for a marketing coordinator to to handle the below responsibilities, as well as others. Being located in Jacksonville, FL is preferred but certainly not a requirement.

Podcast and Youtube Video editing and production.

Update and distribute monthly newsletters and additional marketing emails.

Run social media platforms.

Prepare operating memorandums and other project specific presentations.

There is plenty of opportunity to grow with the company and take on additional responsibilities.

Thank you for your interest!

I always go with the longest term, 30 or 25 on some commercial properties. As others mentioned you can pay more if you'd like but have flexibility. This allows for more monthly cash flow to go towards another property. Leverage will allow you to grow faster. And outside of primary residences, you'll still have at least 20-25% equity if you're using a traditional lender. Also, if you're looking at the return on equity that you have in each property, the shorter note will be building up equity faster with a lower annual return on that equity. You have equity building up in the properties that's not getting put to use. With that said I'm still actively growing my portfolio and I understand that people have different risk tolerances and are in different situations and may prefer to be in a higher equity position. 

 @John Voychick PM and we can discuss further. I have a recommendation but have a couple of questions about the properties.

@Derek Logue most investors submit "cash offers", which means they selecting cash as the financing option on the contract, even though they are going to use hard money(shorter term, higher interest) and then refinance. This can bring up questions from the listing agent and closing attorney. You can add language to your contract stating that you may use other financing methods to close that won't affect the timeline established. I would start by researching hard money lenders and confirm their timelines to fund a deal. 

@Eric AdlerCan you send me the details? Thanks,