All Forum Posts by: Devon Garbus

it might be my manager calling you as I'm swamped. I'm assuming their are no n problems when we bring a buyer and are the direct rep?

I want to say 7

I'll give you a call later today or tomorrow

What types of investments are you looking for?

That being said I'd probably do 4 200k homes before 1 $1m home. For different reasons though

Multiple homes- spreads out the risk (what if that one neghborhood suddenly becomes undesirably) in the market

One home- lessons risk of extra issues cropping up (only 1 rough to be worse than you thought only 1 home to find termites in after closing etc).

IMO if the one home is in a high demand area I'd probably lean towards just doing the one. Fewer headaches. Make sure you have a very throough inspector 

I'm here in Tampa. THe flipping market in the hottest areas is really tight. Tons of competition. You can not wait for deals to hit the MLS you need to have boots on the ground/marketing of your own to find them.

If you wait for MLS deals your margins will be narrow and most people are doing it on a 'gross' profit rather than % profit right now. I.e. 80% of cost to value is being done by some more... ambtious? impatient? investors.

MFU are hard to find in the immediate Tampa area (or at least the nicer neighborhoods) since most of them get torn down for townhomes in the last few years. You can still find them in B-/C neighborhoods. Duplexes you can find in some nicer areas still. However if you look to the beaches in St pete you can find 4plexes and triplexes etc that would do really well as air bnb/vrbo/seasonal type rentals. 

Most wholesalers are going on assignment around here unless it's necessary not to.

I know several people who would take wholesale deals off your hands. Some are wholesalers that would help you get them to a final buyer, some would just purchase it themselves. Just depends on what the property is. 

And yes... there are several people I'd avoid....

Greg- the 'education' from a real estate licensing course is almost worthless to an investor. The only thing a license does is teach you how not to get sued.

Do you want a job or do you want an investment?

If you want an investment get a reputable property manager to help you find a good MFU and just take the cash flow and smile.

If you want a job start researching your area to find fix and flips.

Can't give you better advice without meeting up with you and discussing your hopes and dreams

Right away! A good agent will help you with the whole process and when it's time help you set ink to a great deal. 
If you want I can set you up with someone local