All Forum Posts by: Jose Hooker
Jose Hooker has started 11 posts and replied 80 times.
Post: Looking for a good CPA in Orlando FL
- Kissimmee, FL
- Posts 83
- Votes 12
Thank you very much @Basit Siddiqi for the comments.
Post: Looking for a good CPA in Orlando FL
- Kissimmee, FL
- Posts 83
- Votes 12
I am in need of tax advice and tax education. Is there an experienced CPA you can recommend? Thank you in advance for your help.
Post: Buying my first small multifamily
- Kissimmee, FL
- Posts 83
- Votes 12
Originally posted by @Tyler Gibson:
@Jose Hooker You probably want to look in Midwest markets for those kinds of returns and even still you might not find it. You might want to look up James Wise he operates in Cleveland.
Thank you Tyler for your advice. I will search for quads near Cleveland and see if something makes sense. Thank you again
Post: Buying my first small multifamily
- Kissimmee, FL
- Posts 83
- Votes 12
Originally posted by @Jason Malabute:
In the market today it is a challenge to find anything that fits the 1% rule. You might have to lower your criteria or it might be another 5 years before you buy a deal. You can't make money on a deal you don't own. I suggest to lower your goal to a 7% Coc ROI (instead of 10%), pull the trigger, and scale. You lose more money on deals you dont buy. With that said, have a solid criteria and stick to it. Don't just buy anything
Thank you Jason for that solid advice. I appreciate it very much
Post: Buying my first small multifamily
- Kissimmee, FL
- Posts 83
- Votes 12
Originally posted by @Shawn McCormick:
Hi @Account Closed. The median price for a single family home is now at $320,000. I'm not sure I understand how you plan to find a quad for a third of the price of what you see on the market and also want it to double the current cash flow. Am I missing something?
There are currently 13 quads within 50 miles radius of Orlando from $319 to $999. So finding one at $200k (or below as you stated) would be quite extraordinary! Let me know if you want more stats or current inventory levels. Best of Luck!
Thank you Shawn for the information. It is really helpful. Central Florida has become an area where it is difficult to find a deal that cash flow well with ROI above 12%. I was asking the group if someone knows an area of the country where I could find quads under $250k that will produce between 1% and maybe 2% in rental income.
Thank you
Post: Announcing Our NEW Rookie Bootcamp!!!
- Kissimmee, FL
- Posts 83
- Votes 12
Originally posted by @Account Closed:
Hi Leah, is there a possibility to register for the rookie bootcamp?
I signed up and became a pro member. I also submitted the form to be registered for the next boot camp. I am ready to buy right now. I just got approved for $390,000 to purchase my first duplex
Post: Banks to use for a cash out refi in Apopka(Orlando) area?
- Kissimmee, FL
- Posts 83
- Votes 12
I can provide you with names and contact information of two loan officer I normally recommend the clients. Send me a pm and will return the names and phone numbers
Post: New construction Negotiations & Concessions with a builder
- Kissimmee, FL
- Posts 83
- Votes 12
Great information! thanks to all of you who share your comments.
Post: Working w/ wholesaler and real estate agent?
- Kissimmee, FL
- Posts 83
- Votes 12
Hi Andrew, I am a REA in Central Florida and I will not be bother too much because one of my clients is working with a wholesaler. In the end, I see my job as one where I help my clients look for a good deal for him or her. Whatever "good deal" means. It could be location, ROI or simple a good price for the property.
My mindset is to provide exceptional service to my clients. In the end, my client will have to decide what is best for him or her.
Jose
Post: Looking for a Mortgage Officer
- Kissimmee, FL
- Posts 83
- Votes 12
Thank you for the suggestion. My client is in a similar situation. Do you have any suggestions besides opening a new CC or purchasing a used car?
Thank you in advance.
Jose