All Forum Posts by: Francesco Labbate

Good morning all

I am writing this post to know if there is (or if somebody knows) a reliable contractor who is able to handle light/cosmetic rehabs but also complete renovations (we currently have this need in two cases).

So far we worked with independent contractors (electrical, plumbing etc) but we would like to understand if there is around some GC who is willing to work on a permanent basis giving prices that don't kill the deals. This would be beneficial to us, as we could have somebody supervising the job dedicating more time to the research of new deals and we would like to establish a long term relationship, but so far we have been asked crazy prices compared to the others we get from separate estimations. We do understand everybody's job has to be remunerate, but we are talking about the double or more.

If there is somebody out there who can be competitive in costs, he would be welcome to contact me as we could establish a remarkable cooperation.

Thank you in advance

All the best

Francesco

Hi all and thanks for the welcome…

@ Colin So far I did several flipping deals and some other deals based on buying/rehab/rent/resell. We did not have an area of interest as long as numbers work for us, we did something in Homestead, Hollywood, actually focusing on Midtown and Little Haiti. We are normally not interested in the Beach as there is not good business there, too much competition and ridiculous roi. We just took there a 5 apartment building but it was an exceptional situation and good pricing, we are going to resell it soon.

What do you do instead?

Nice to know all of you.

Francesco

I would not even consider anything below 10% for a remote investment. But this is my personal view.

Being able to allocate funds far from you, then choose the best return (possibly in a jurisdiction you know and you trust).

And this comes from an Italian investing in USA.

Hi all, my name is Francesco, I am an Italian lawyer, currently investing in Miami and south florida area.

I have been doing this for me and for some investors and friends since 2012, and I am planning to extend the operations in the area starting 2015, with some new area of interest and projects. We are currently satisfied about what we have done and we are confident about future developments.

I just knew about this site and I thought it could be interesting to see other's experiences and ideas. I will try to share mine, for what it's worth.

Good luck to all for your deals!

Ciao

Francesco