All Forum Posts by: Jason Schimer

Thanks Scott, what your saying makes complete sense. I bought a single family for 150k and there are cookie cutter homes in my neighborhood going for 215k and some slightly bigger for 235k. Prices move every which way very quickly. Oh yeah this is my 3rd year in this house. If you go into the city everything is vertical. Then if you go east he prices are insane cause you're moving closer to south Miami (south beach). The only way is to go north for me. I'm looking as far as west palm beach. This would be an hour and a half drive. I look at where some projects are and I want to get out of dodge. If you have any recommendations please throw them my way. I'm soaking up any knowledge I can get my hands on. Thank you for the comment. Jason

Why won't lenders loan to LLC?

I wanted to say thanks for giving me your time and knowledge. Definitely worth more than 2 cents. After I that post yesterday I went back onto loopnet and I'm going to try to be open minded to Miami-West Palm Beach. I extended to and hour and thirty min drive. My goals are to have the ultimate goal - quantity with cash flow. Dreams do come true right...

Jason

Hi, my name is Jason and BP is the best thing that has happened to me through hard times. I got sick and had to miss work for... 8 weeks now. Found BP about 3 weeks ago and I can't stop reading forums, watching YouTube videos, and analyzing properties. To give you a quick background. I have come into some decent money and I'm feeling like I'm going to pull the trigger in the next month or 2 when I find the right deal. I've overwhelmed my local area and come to terms with Miami is and area that is overpriced and run down. Don't get me wrong, there are deals everywhere but there are many parts that are pretty grimy.I'm afraid to go out further than 50 miles but I am coming to terms with the nature of the the beast. I need to move out of my comfort zone and pull further out. 

Question 1 - Do you guys recommend pulling away from Miami or sticking around?

I've also been hearing that more units the better. I was looking at buying 2 properties (8 unit and 4 unit) in the Gainesville area. 

Question 2 - Should I hit up more units or stick to quad or below?

Last question - I was looking at some properties out of state that were really good but do you guys recommend at least staying in state or if the price is right just get a good property manager and run with it?

Any help you guys can provide I will very much appreciate.