All Forum Posts by: Frankie Perez

Thank you for the feedback. I’m in conversations to buy a seller’s finance property located in zip code 32209. It’s a 3 beds 2 baths 1500 sqft. It needs TLC but no major cap expenses. Contract is for $110k 5% 30 year term, no balloon.

I want to make sure I’m not jumping the gun on this deal and the location will allow me to cash flow.

Hello everyone, I’m looking to purchase a rental property in Jacksonville Florida and I’m not very familiar with this market. Can some of the real estate investors from this group share personal experiences in Jacksonville market?

Im very interested in meeting locally. Please keep me in mind for your next meet up in Feb.

Hi Jacob, I’m available today. 7862602179

have 2 properties I would like to cash out refi. Both properties have 0 balance since they were purchased with cash, so no current mortgage.I’m looking to cash out $150 k per property at 7% rate fixed 30 year and 2 points or less.
Is this something you can do?

My FICO is 740
Both properties are single family homes and the 1st property has an ADU in the Back.
No prepay if possible
First property: 1701 Patton Ave S, ST Pete 33712 (With ADU)(Owned it since Feb 2023)
Second Property: 4043 39th Ave N, ST Pete 33714 (It was purchased in 11/5/2023 so will need less than 3 month seasoning)
Rent on first property: $2400 per month
Insurance:$1800 per year
Taxes:$3200 per year

Second property is almost fully completed. It was renovated from top to bottom and will be completed this week.

Let me know if you can help with this loans.

Frankie Perez

 Hi Alex, Property value is $200k plus, no mortgage, rent $2400, taxes $1300 and ins $1600

Im looking for a DSCR loan for a rental property I own in ST Petersburg, FL. It's a SFH with ADU and brings $2400 per month. No more than 2 points and hoping for low interest rate.

I’m looking for a new market to buy and hold properties were the rent meets the 1% rule or close to. Any broker or realtor in Cincinnati that can shed some light in this subject? Much appreciated.

I am in the process of purchasing a flip located in 2426 10th st S, St Petersburg,Fl. I'm trying to estimate the ARV but the comps are not clear to me. I tried finding comps in the area for 3/1 1098 sqft but most of them are 3/2's. Can anyone give me a idea of what the ARV would be?