All Forum Posts by: Jessica Swingle

Hi Tami, 

There is certainly demand for baby boomer housing in FL. 2 beds for that demographic makes sense, especially if it's a second/vacation home. 

That said, are you looking to purchase in Panama City? I'm not sure about that area (I'm more familiar with Miami and Ft. Myers), however, the issue for condos with most investors is the added HOA/condo fee - it increases expenses and decreases cash flow - sometimes to the point where the numbers don't work.

Also, investing short or long term depends on your goals. Yes, sales prices in the FL market overall have increased recently - but betting on appreciation is a gamble. Better to stick with the cash flow for the near-term and celebrate if there's an opportunity to exit at a profit in the future.

Hi all. 

I have a portfolio of SFHs (all renovated and leased) in Jacksonville, Florida that I'm prepared to wholesale. Can be sold individually. 7-9% cap. Ask price varies, 105K-130K.

If you are an income investor in Jacksonville, please email me to discuss. 

Cheers, 

Jessica 

@Ben Peyton 

Welcome to BP. I'm a local Realtor who works primarily with investors (single fams & multifam) in Columbus. My geographic focus is in the areas you mentioned - downtown and inner-ring suburbs. 

I'd be happy to chat more about your real estate goals.

Feel free to email me directly. 

Cheers, 

Jess

Hi @Magesh R. 

I'm an agent and investor in Columbus, Ohio. 

I'd be happy to discuss the multifam market in Columbus with you. 

Feel free to reach out anytime. 

Hi @Chris Lynch 

Great to hear from you. 

Yes, the ratios in Springfield are great. Although there are some areas with much older homes, which is something to consider as you run your repair numbers there. Overall, it's a well-established city. Plus, a lot of positive things happening in the area.

I currently work in Columbus (about 45 miles away) - but my brother-in-law (who also happens to be a Realtor and works with investment property) lives/works in that market. He may know of a local property management company you can connect with.

@Rachel Campbell 

Here's his info:

http://www.robcampbellrealty.com/

Feel free to reach out to him and he can give you more details.

Hope this helps!

Jessica 

Hi @Nick Sandt 

The only way to obtain access to a regional MLS is to become a licensed salesperson or an assistant of one.

Unfortunately, there is no "one" MLS system at the national or state level. The data & listings are controlled regionally.

Here's a breakdown of the MLSes in Ohio: 

http://ohiorealtors.org/local-boards/mls-listings-...

Hope this helps. 

Hi David. 

I recommend these guys - you could reach out and see who is a best fit, depending on your property sizes and services needed. I do believe they all manage multi-units. 

Donny Thompson, ERA. [email protected] 614 477 4543

Peter Lohnmann, R&L Management 614 725 3059 [email protected]

Brett Stone, Real Estate Pros 614 506 4224 [email protected]

Hope this helps. 

Hi Jeff. 

I believe you meant wholesale?

The subject says you're looking for private funding. Are you looking for private lenders to provide funding for rehab deals? If so, try Chris Knoppe with Autumnwood Funding. 

Hope this helps. 

Best of luck.

@Nat C. 

A lot of great information here, if you haven't already checked it out. City of Miami: Community and Economic Development Dept.

And this is a 2004-2009 report, but breaks down the areas zoned for re-development - a lot of relevant info. I'm sure there is an updated report on the city site as well. Specifically addresses Little Haiti and surrounding areas. 

@Nat C. 

The numbers on that duplex are solid. Happy to hear you picked it up at 86K.

The thing about Miami is the close proximity of mixed value neighborhoods to each other, as you've pointed out. And one road can make a major difference in value. 

Some investors I work with don't want to buy anywhere they don't trust their mother living, some don't care as long as the cash flow makes sense, and others are buying, speculatively, near where new development is taking place.

As for Little Haiti, it really comes down to your preference. I know that's not a straight answer, but it does depend on your goals, price range, and risk tolerance. It's true you can pick something up for less in Little Haiti than Wynwood/Design District (where there is high demand). However, it's still unclear how everything will pan out in the a few years, and how the effects of the current increase in activity will play out in neighborhoods like Little Haiti. 

Sure, there is an incredible amount of new & redevelopment taking place in Miami right now. That said, there is also a lot of speculative activity happening as well. 

I would say stick to your comfort zone and trust your instincts. If a street looks well-kept, like your 57th St property, you may have a good deal for the long haul, no matter what happens a few blocks away. 

Hope this helps.