All Forum Posts by: Joseph Stern

What is the highest cash out refinance LTV % you are seeing lenders offer right now? The norm seemed to be 75% the past few years, curious to see what people are seeing nowadays.

@Lisa Miller Hey Lisa, I invest in the Tampa/St. Pete area. Would love to connect!

@Chris Breezy hello Chris, he has several different options based on his interests. There are plenty of opportunities to find cash flowing rentals in the central Florida area that are in good appreciating locations so that is a good start whether they are SFH, SFH with ADU or MFH. He can look into purchasing tax liens if his risk appetite his low or perhaps tax deeds of land and owner financing that land afterwards. PM me if you want to connect further.

@Dilayda Peralta Hello Dilayda, welcome! Congrats on taking the next step in your real estate career. I’m an investor based out of Tampa and St. Pete mostly but I would love to connect further to discuss future opportunities to do business together. Feel free to PM me so we can connect!

@Joseph Hill when is the meetup?

@Kristin Riker Hi Kristin, in Tampa and St. Petersburg many areas allow for SFH with ADU's that you can either place long term tenants in or Airbnb. Implementing this strategy will allow you to achieve the cash flow you're looking for. Message me if you'd like to talk further.

Hello Andre,

1. The best way to find a mentor is by bringing an experienced investor a good deal to show them you are serious and are taking the initiative to get started. It looks like you may have already done this, I would be more than happy to give you a second opinion on your purchase and some advice.

2. Are you saying the subfloor or the foundation? Both are common issues for renovations and worth taking on for an investment. Feel free to private message me, we can speak more in depth about your approach to the investment. Always happy to share knowledge with the community. 

@William Rondon hello, long story short you have 3 options basically for airbnb in st pete. In unincorporated st pete (map of this online) you are allowed to do STR. In incorporated st pete you are allowed to do STR 3 times a year with a 7 day min and 30 day max, essentially legally 3 months of the year you can STR a SFH. The third option which I don't recommend is to list it all year round, seems like many people do it without issue.

@Tina Chau Hey Tina, mortgages are recorded and public record most of the time, you can access this info at the county clerk website where you can sort by document type (mortgage) and see the amount taken out. You can also use platforms like batchleads where you can simply search the property and it will show details like remaining mortgage balance. Hope that helps!

@Jason Holtzinger Hey Jason, I can understand wanting to stay in state. I will say this, Tampa FL is a booming market right now and St. Petersburg which is just across the bridge on the gulf now allows ADU's to be built on SFH lots that are at least 4500sq ft. There are tons of properties in St. Pete that have detached garages, old work sheds, or oversized en suites already with electrical and plumbing ready to go. They can easily be converted to legal 2nd units to rent that will get you the cash flow you are seeking. Prices are still attractive for properties in decent areas, still in the 200s+ with lots of upside. Shoot me a message if you have any more interest.