All Forum Posts by: Mike Snyder

Question for those familiar with Pinellas Park FL: Is this currently a good location to invest (rent/flip) or are there still flooding problems that can kill your potential? I was driving for dollars the other day and saw an unoccupied property (near Wagon Wheel) that I wanted to check out. It had a stop work order posted on the door. I found someone at the end of the street who I spoke with and he told me the owners had to stop work because they were told they had to raise the house due to the flood zone. It is in the flood zone area (according to Trulia), but what I thought was really strange was that the guy I spoke with was closer to the water and in a much newer house that was not raised.

There has been a lot of drainage work done in the last couple of decades around there (and all over St. Petersburg) but can anyone who has experience in this please chime in?

Thanks.

Outstanding @Erik Orozco! There is nothing in the world that can put a fire in you like looking into your child's eyes and knowing that they trust you to step up for them!

Posed that is. Though I guess Jeff was probably poised when he posed it...

So I think @Jeff Copeland poised the question first but, is this a real post...?

So I'm trying to get into this business and making sure my finances are straight, including setting up my HELOC just in case anything goes sideways, I can see why so many are ready to tar and feather wholesalers. Doesn't dissuade me from coming into it ethically and actually help out the seller, but it does open my eyes some more.

Hi @Irene Chen! I know this is an old intro but I have just recently got on to BP and noticed you are in the same area. Just curious if you have stayed in the 33713 zip code for deals and how it has worked out? I'm looking more in Pinellas Park area but it still seems very open in all of the St. Pete area.

@Judy Tagert did you find a local CPA? Very interested in this myself, especially if you find a good one in this area. The BP members I've been talking to seem to point to CPAs outside of FL and I'm not experienced enough to know how and if that makes much of a difference.

@Judy Tagert can you give an update on your HELOC for rental? Thanks!

@Jonathan Twombly that is exactly what I wanted to hear! Would you suggest actually pinning the CPA down about percentage of his their clients who do REI? I mean if they say they have 100 clients investing in real estate, it still doesn't tell me a lot because I just don't have the correct context yet. I have a pretty good BS detector but lack of knowledge tends to curb its effectiveness! My main focus coming up is wholesaling SFH, and then moving into buy and hold SFH, and MFH later.

Thank you!

Much appreciated @Todd Krzeminski!