All Forum Posts by: Freddy Guillemi

I know the area very well, I have many customers  at Ocean Village.  must of the apartment are  for season.  gate community,  very well maintain. Ocean front.  

Hi Joe. Im in treasure coast area.

Investor, contractor.

Hi Zach.  Im from port st lucie too.  work hard and you will get  great portfolio

 Im start 4 years ago, and have 9 rental properties . Im looking the # 10 and the next move will be  commercial multi families .

Gabriel Angel from House Factory,  his number is 7722404284

Hi Neil. how you business in Port St Lucie? Im in the area.

Hi. Im living in Port St lucie for more of 10 years,  Im air conditioning contractor, i can really recommend a builder, House Factory.  Gabriel Angel,  he is very professional and serious person for business . Im work for his properties for more of 6 years.  his phone number is 7722404284  

Hello everyone!
I am an investor in the port st lucie area, and I am also an air conditioning contractor.
If you have any questions or concerns in regards to the air conditioning systems at your properties, just let me know. I would be more than happy to assist you and provide information.

Hi John,

Thanks for your response!

The property is from 1973, Garden/Low-Rise. It is a 6-apartments building (2 bedrooms and 1 bathroom). The property is in good conditions but all the air conditioning units and water heaters would need to be replaced soon due to their current conditions. The roof is fine since it was replaced in 2002.

The property management company I use would do for 5% and 1/2 month commission.

The owner is in charge of paying for the electricity for the common areas and this amount also includes the water. There is no gas in this property, and the sewer and garbage are included in the taxes.

This building was sold in 2014 for 200K ( I do not really see too much improvement in the property. The current owner painted it inside and outside, he installed new kitchen cabinets and laminated floor). Now, I am offering 360K but the number does not sound good for my profit. It does not reach the 50/50 rule (50% mortgage-50% profit). 

Let me know if you consider it a good business. 

Thanks for your help!

Freddy Guillemi

Greetings everybody!

Previously, I have been focused on investing in the single-family real estate, but now I would like to begin working with multifamily projects. Since I just began exploring this new field, I would appreciate having some advice.

I am searching information about the best ways to invest in this kind of properties, and I found some calculations that can be useful to analyze if it is profitable. According to what I found, the ROI should be more that 15% and the CAP should be around 10%. But, the project I am analyzing now does not reach these rates.

I notice that the vacancy and the repairs cost are too high but that is what I should include in the expenses according to the metrics.

I would appreciate if you took a look at the following information and could tell me if there is a mistake on my end or if I am missing any information.

Thank you,

Freddy Guillemi

Thanks Michael.