All Forum Posts by: Jason Etheridge

@Kevin Sabatino

And James

I’m also in Fort Lauderdale and looking to connect with some like-minded investors.

We should definitely get a meetup going on out here sometime soon. It would be better if this thread picks up some traction like you said but either way is cool!

@Erin Wicomb

Thank you Erin, I appreciate that

@Erin Wicomb

Wow! Keep up the amazing work Erin! Very happy for you! I’m just starting and one day hope to be on the same path you’re on. I’d say good luck but I don’t think you need it.

@Jermaine Chad Ingram

Yeah I didn’t really think about all of that being extras. I’m speaking with a few contractors and will see about all of those things as well. Thanks for the tip!

Didn’t think it would be as expensive to build and could actually save some money by building but I guess that works with much much larger projects. Savings will probably be longer run here but I’m not sure if it will be worth it to invest in this area anymore.

@Greg Dickerson

I gotcha there. I’m not trying to squeeze everything I can out of a builder, turn key is definitely the right approach for a job well done.

I guess it’s just got to be if the numbers make sense. I was hoping to get away with a budget of 1-1.2 million for 8 units at 975/sq. ft. each but I’m not sure that’s doable down here

@Greg Dickerson

I wouldn’t do it without a GC, would definitely use one for oversight and try to work out a flat fee. Trying to find a way for this to make sense in this market down here but I’ve gotten some ridiculous quotes.

Hey everyone!

I’m looking for a little advice on building in Broward county, Florida.

I’m interested in building either two separate 4 unit 2/2’s or a commercial build of one 8 unit with 2/2’s. I’m told doing a single building is much more cost effective. I’m not looking to build luxury units but also not the cheapest look. Is there any way I can get around 100-125 per square foot for a build like this? If I hire a GC to do the whole project it definitely would be easier on me but maybe the most cost effective way is to work with a GC and and fit all of the pieces together myself? This would be my first build.

@David Collier Jr

Yeah I hadn’t thought about working it backwards! Thanks for the tip. Was working numbers before what I’d actually offer

@David Collier Jr

Thank you both for the input. I also have my real estate license and look on the MLS religiously. I just don't know what criteria to be looking for in this market to determine which is a good investment or what I should be offering.

I’m seeing the 1 and 2% rule - what you should be renting for vs sale price.

Cap rates are pretty low around here as well.

I don’t know what is really reasonable to settle for or aim for

Hey everyone! I’m new to BP and have decided Real Estate Investing is the path I’m going to take.

Im looking for a little input. I’ve been reading/doing research and I am kind of stuck trying to figure out how to make my first move.

I currently own a home and have about 80-100k equity. (I also have a decent savings and can borrow from my 401k if I need as well). My house is probably as high as it will get and my taxes are Insanely high for the area I live in. I want to purchase a triplex or quad and house hack it to start and also purchase something else after moving in but maybe in a better market for investment. I currently have roommates and they will move with me but finding a deal seems real tough in this market.

Does anyone have any recommendations for finding a good deal in Broward county Florida? Preferably closer to Fort Lauderdale. I’m not sure how I should be calculating my returns as cap rates seem to be quite low no matter where you look.

Thanks!