All Forum Posts by: Joseph Beilke

OK OK OKAY,

Next closing I'm gonna buy Lagavulin.  You all have peer pressured me into this.

HELLO!!!!!  Where are my Bourbon and Whiskey friends??   Let chat up business and magic juice.  

For me it has been a busy but difficult first 4 months of 2025.  I have 5 listing, 8 buyers and 2 closing and 1 under contract.   The news and markets scare people, the interest rates are average historically, but still consider high. Home prices in my part of Florida have not balance out and people are struggling with price drops.  My rental are still doing well and the rent rates have remain the same.  I have only 2 tenant that did not renew and rates may not have gone up, but they didn't go down. That my Real Estate life in a nut sell.

Now for bourbon, I have dial back my buying for really 2 reason,  not enough money and my bar  is full.  But for my birthday I got an infinity canter (32oz) and I have been adding 2 to 4 OZ of remaining bottles as they get close to empty.  I have to say that has added a whole new level to the hobby. Once the bottle reaches 2/3 full I'll start to drink it.

How's everyone else been doing.  Any good brown water or real estate stories???

@Bruce Reeves

Bruce, I think more information is really needed. You say you have enough money, but with all things very fluid in this economy are you 100% sure? What's your age, have you maxed out your IRA contribution or are you over the income limit? Thought about refinancing some of money out of the property to have a large tax free cash influx for some thing cool like a Porsche.

Give us a little more information to help you out.

 

@Sarah Poehler

Sarah, can you DM some info on the Duplex listing you have?

@Tyson Regier and @Eric Gerakos

As Investor, PM and Realtor in Palm Coast I would love to speak with both of you about the highs and lows on the Palm Coast market.  Long Term and Short Term rentals do pretty well he.  Mid Term not so much.  

As for the insurance question, you have to shop around and make sure you only insure the property not the tenants personal property.  This help the rate a good bit.  Also new construction is priced very well right now and that too helps the rate.  

Would love to connect!
 

Sold two STR in 32137 this past fall. Great place to invest!

@Joshua Middleton

I am very familiar with that street, good friend used to rent Long term on it for about 7 years.  He paid $1800 for a 3/2.  I would say you're rolling the dice with that neighborhood and the street trying to push LUX.  

Even the nicer homes don't rent for over $2,750 a month there. I look forward to seeing it when it's complete. If you get your $4500, I'll consider doing one with you.

I will wish you best of luck.

@Zachary Kay

We did not.  But we looked a little more closely at real estate this trip.  Could be in the cards in 2026

@Zachary Kay

Thanks Zachary!  Funny thing is this thread is pretty old and we just returned Saturday night from another trip to CR.  Stayed the whole time in Manuel Antonio are except when we went out on adventures like fishing and ATVing.

Grew up going to OBX and now live in Palm Coast Fl about 30 min south of St Augustine. I have friends from up north that have places in OBX and I agree that OBX is more vacation beach spot. It unique in geography and access, plus the wealth coming to OBX from from the DMV is high, so rental can be pushed high. One major consideration in my opinion is how much do you want to use the property during peak season. If you use the property in OBX between May and Sept you will not make the ROI your looking for over the year. As with the father south you go the season expands greatly. For example St Augustine between Thanksgiving and Mid January you have nights of lights. The 3 and 4 day weekends are booked solid and you get a premium income.

I think the amount you use the property and your ROI goals need to be heavily added to your equation with rental vacancies and seasons.