All Forum Posts by: Gustavo Lotuffo

Looking to connect/network with investor-friendly realtors that specialize in STR in the Tampa/St. Pete area. Any leads would be highly appreciated. thanks!

I've been analyzing deals in the Orlando area for the last couple of weeks (specific to Windermere, Winter Garden, Lake Nona, and St. Clouds) mainly focusing on townhouses 3 bed 2.5 baths or smaller after doing some analysis regarding the growth areas and projection in the next few years. The prices typically tend to be between 250-285K. Assuming a 20% down, HOA around 200$ a month, investments rates in the mid 3 with points, and closing costs close to 3%. We are struggling to find a property that can have a steady cash flow from day one. The CoC returns in our analyses are below 5% without including items such as property management and CAPEX, which we think might be low based on what we learned from BP books and podcasts. The bidding war is awful here, especially when competing with homeowners that don't care about going way above asking prices to get their "dream" homes, for us, it is another asset to our portfolio so there are no sentiments involve so it makes us hard to compete.
Is there anyone in the same situation in Orlando? Any tips from investors or ways to look at properties outside this neighborhood where we can have better CoC? perhaps go for it and maybe focus on the appreciation side? Any suggestion from local experts will be much appreciated it. 

Need some help here... I currently own a brand new paired home (just one side) in the city of Denver, CO. The house currently has an unfinished basement that is way too big for my family needs. After listening to BP podcasts and such I am trying to decrease my largest monthly expense so was curious to see if its legal to create a separate entrance for the basement and converted into a small 1 bed apartment that I could rent to help offset the mortgage payment in the house. I am not sure where to start or if I even have to ask the city for a permit to do that, I also know that we have an HOA governing the commons areas around the neighborhood. Does anyone has any experience doing that in the past? Also curious from a RE perspective, not sure if this would affect the property from a resale perspective. I would personally love a house that has some sort of asset generator income but maybe I am a weirdo. I know those house generally cost more but I have only see that in single family homes. Any comments would be appreciate it!

Does anyone has any experience in the DEN area with new constructions? Difficult to find houses where #s make sense from cash flow perspective now but appreciation could play a role since areas are being develop