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All Forum Posts by: Jermaine Chad Ingram

Jermaine Chad Ingram has started 18 posts and replied 256 times.

Post: Is coaching necessary?

Jermaine Chad IngramPosted
  • Real Estate Agent
  • Fort Pierce, FL
  • Posts 257
  • Votes 104

Cant, you get a coach without having to pay for it. A coach is a motivational accountability partner. It can be a successful friend or group of friends, who holds you accountable to your stated goals.

Post: Buying in new community under building

Jermaine Chad IngramPosted
  • Real Estate Agent
  • Fort Pierce, FL
  • Posts 257
  • Votes 104
Originally posted by @Walid A.:

There are big builders company who starts big projects in Florida e.g. LG homes, Lennar .. etc

I’m just wondering whether buying one of these properties as a rental property would be a good investment.

The downside is no history of investment on these properties to build on your judgment because it is a brand new communities 

Any thoughts?

 Check out the PGA communities in Port Saint Lucie, some have lower fees and the community is well established.

Post: Investor out of South Florida

Jermaine Chad IngramPosted
  • Real Estate Agent
  • Fort Pierce, FL
  • Posts 257
  • Votes 104
Originally posted by @Johnathan Solorzano:

Hey, bigger pockets family! I run a software development company (completely remote). 

I was asking around the best way to learn about taxes and investing in real estate and was pointed in Bigger Pockets direction multiple times. Excited to be a part of the community!

Best

John

Welcome, Johnathan, What are you looking to get involved with? SFH, Liens, Multi's

Post: Buying Investment Property in Florida

Jermaine Chad IngramPosted
  • Real Estate Agent
  • Fort Pierce, FL
  • Posts 257
  • Votes 104

the local REIA in whatever city or county you are looking to invest in may have that. Your agent can tell you areas that are growing

Post: Having a hard time getting someone to help me look at this.

Jermaine Chad IngramPosted
  • Real Estate Agent
  • Fort Pierce, FL
  • Posts 257
  • Votes 104
Originally posted by @Tim Herman:

@Jermaine Chad Ingram Your numbers are more conservative than mine. I use 8% vacancy, 5% repairs and 10% capex. Unless the utilities are separately metered it would be landlords responsibility. You are already factoring garbage in your expenses. Unlikely your taxes will remain at <$100 per month. Why aren"t you doing a true BRRR and get all your cash out and do it again. You would have almost 20k extra and if your rents are correct it should still cash flow.

I’ll be prorating the utilities and I’m going to run the numbers with a more conservative rental income to see if it still works. I believe strongly that I have to protect against my own bias about how much money I can get in rent. 

Thank you for taking time out of your holidays to reply.  Im very excited about Coliving but the number have to be stellar to balance the possible increase in stress that can accompany the model. 

With gratitude from Florida 

Post: Having a hard time getting someone to help me look at this.

Jermaine Chad IngramPosted
  • Real Estate Agent
  • Fort Pierce, FL
  • Posts 257
  • Votes 104

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Post: '08 RE Crash - What Was Going On In Your Life?

Jermaine Chad IngramPosted
  • Real Estate Agent
  • Fort Pierce, FL
  • Posts 257
  • Votes 104

I had just bought my first apartment in 07 and started seeing the values drop all around me!

Post: Real Estate Agent In Florida

Jermaine Chad IngramPosted
  • Real Estate Agent
  • Fort Pierce, FL
  • Posts 257
  • Votes 104

what are you asking?

Post: House Hacking with Single Room Occupancies?

Jermaine Chad IngramPosted
  • Real Estate Agent
  • Fort Pierce, FL
  • Posts 257
  • Votes 104

You may be able to find a 4 unit property for the same or similar price as a SFH in or near Stuart.