All Forum Posts by: Jeffrey H.

I recently moved from Massachusetts to Florida. I am planning on building a portfolio of rental properties near my home here in Sarasota like I did previously near where I lived in Massachusetts. I may 1031 several times over the next few years and I have no problem with 80-20 LTVs or even 70-30 LTVs. I am looking for aggressive interest rates however, the last bank cash-out re-fi I did a couple of months ago in Mass I got at 3.5% and I'd like to find something similar here.

Does anyone know local banks in Florida that are small investor friendly?

Thanks in advance.

Jeff

Alex,
Did you successfully close on this property?
I am seeing some houses that I am interested in for auction on auction.com, but when I google them there are 99% negative reviews it seems.

"Neighbors will make you or break you"

They don't make or break my company. Bad neighbors can be a good opportunity.

At least 90%. I would feel wrong if I had under 75% of my NW tied to RE,

-JH

Suprised no one has brought this up.... why is there carpet in a rental? I hate that stuff!

My tenants don't ask for these things because I set the tone from day one, but in this situation I would probably do it. As others have mentioned it depends on the tenant and how they have behaved.

Experience managing your own properties would be a plus, but an incredibly resilient positive attitude is also something you'd want to bring to the table.

Obvious answer, but spend as much time with the people I love as possible, and also document everything I've learned in this life for them.
I love working, but I can't promise to serve my clients if I know I will not be around in a month!

hahaaa.

Full disclosure I grew up in NY, and I love football but do not even have a favorite NFL team...just watch for enjoyment.

Growing up in NY I played a lot of hockey and I always loved Mass and wanted to live there when I "grew up".

There is just something about the Massachusetts lifestyle (politics aside) that I love and it's definitely home....but I'll never root for the Boston teams!!!

Jeff

Hi BP!

First post after lurking here for a while. I enjoy the site and have been reading the forums for about 2 months.

I buy, sell and hold rental properties solely in Marlborough MA, and I am a pretty flexible investor who has some experience in lease options, wholesaling, private lending, hard money, etc.

I consider myself a property manager first and foremost as I concentrate a lot of my efforts into my 40 units in Marlborough. My "wheelhouse" and where I feel most comfortable is in buy and hold rental properties.

I do hold a RE salespersons license in Mass and I plan to become a broker in 13 more months.

I look forward to communicating with the active members on the site!

Jeff Higgins