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All Forum Posts by: William P.

William P. has started 0 posts and replied 8 times.

Post: AstroBlaster - anybody use this?

William P.Posted
  • Rental Property Investor
  • Naples Fl
  • Posts 10
  • Votes 6

any update news on astroblaster & if any good?

Post: Multifamily Mastermind Group

William P.Posted
  • Rental Property Investor
  • Naples Fl
  • Posts 10
  • Votes 6

Hi Jennifer

My son & I are @ the J&G event

We own a few apartments/Multifamily in FL & ATL but interested in adding more…

Yes interested in networking w likeminded individuals.

Cheers W

Post: Multifamily Mastermind Group

William P.Posted
  • Rental Property Investor
  • Naples Fl
  • Posts 10
  • Votes 6
Quote from @Jennifer S.:

I'm looking to connect with people who are interested in multifamily 30 units+ to create a mastermind. The purpose of the group is to connect with like-minded individuals who can help move each other forward faster. 

Here are some of the goals I'm planning to achieve in the next year: 

- Purchase additional multifamily properties - 30 units +

- Start a syndication to purchase additional properties

- Grow my social media presence for real estate purposes

- Look into buying land and developing multifamily projects

- Interested in investing or starting property management company


If your interests or goals align with any of the above, please reach out. It would be great to have a local group based in Central Florida so we could meet in person but I don't want to limit the potential of the group so I'd be interested to hear from anyone with these interests. 


Post: Question about purchasing short term rental in Orlando by Disney.

William P.Posted
  • Rental Property Investor
  • Naples Fl
  • Posts 10
  • Votes 6

@Valentina Naumenko you make several great points. How about HOA fees? better for her to invest in property w amenities but high HOA fees or opt for No HOA fees & keep expenses under control

Post: Question about purchasing short term rental in Orlando by Disney.

William P.Posted
  • Rental Property Investor
  • Naples Fl
  • Posts 10
  • Votes 6

hh

Post: Question about purchasing short term rental in Orlando by Disney.

William P.Posted
  • Rental Property Investor
  • Naples Fl
  • Posts 10
  • Votes 6

Do u intend to use it esp during the peak times? if so that will affect your income

Also HOA is a variable cost so plan on them increasing

Post: Beachfront Condo vs Beach house a block away

William P.Posted
  • Rental Property Investor
  • Naples Fl
  • Posts 10
  • Votes 6
Originally posted by @Ryan Moyer:
Originally posted by @Joe Splitrock:
My family is currently shopping to vacation this winter and we are shopping for beach front only. I can guarantee you that beach front nightly rates are far greater. There are people willing to stay a block away and even 15 miles away, but the nightly rate will decrease as you get farther from the ocean. Total revenue will be higher closer to the water, but with HOA expenses and higher purchase cost, it may pencil out better to be a block away. 

Punch up the numbers and see what makes sense. I generally don't love condos due to the board and HOA, so I may consider a house for that reason. 

I'm not sure this is necessarily true.

When comparing a condo to a condo or a house to a house then yes, proximity to the beach will directly affect rates.  But from what I'm looking at (have VRBO open for Destin right now) a house a block away with a pool is going for FAR more nightly than a beachfront condo.

3br beachfront condo rates are $169-$350/nt looking right now.  4br is $230-$500.  I'm sure those rates were higher in the heart of summer but how much higher?

We stayed in a 4br house a block from the beach with a nice pool a couple of weeks ago and paid $1425/nt and felt like we were getting a deal.  The place next door had a little nicer outdoor area and was renting for $2100/nt.

I'd be interested in hearing what beachfront condo owners are pulling in post covid.  I remember owners pre-covid posting on here and being happy with $35k-$65k.  I'm sure that is a fair bit higher post covid but the 4br house we stayed at last week a block off the beach is for sale right now and they posted their rental data with $250k gross rents this year.  I doubt any 4br condo is pulling anywhere close to that, but I'd be interested to hear from the folks that own one.

Yes Ryan - i agree as i own just off 30a beach & those numbers are correct $180k per annum for a 5/6 bed house is achievable. The benefit of the house over the Condo is that it allows 2 or 3 family members to come at once & split the $1000/nite fee plus HOA fees ALWAYS go up!

Post: Tampa Bay's Unplugged REI Mastermind Meetup

William P.Posted
  • Rental Property Investor
  • Naples Fl
  • Posts 10
  • Votes 6

Hi Theo - Welcome to Sunny Fl! 

Sorry i missed your 1st meeting but 

When is your next meet up?  - would be great to network w other multifamily investors

Cheers William