All Forum Posts by: Josh Green

@Matt Friesz

On the topic - @Jay Michalec is the best property manager you'll find. I would highly recommend him as a dependable, trustworthy and professional PM

@Autumn G.

Assuming the 20% is accurate you'll lose more in opportunity cost and interest rate increases than anything by walking. If $1500 is the difference I'd say think about if this is an emotional/fear-based hesitation to not take action. Also, I'd just get your realtor to renegotiate it down OR offer below asking with no furniture instead

Give the seller 2 options that favor you.

Take a listen as well to this recent episode:

https://podcasts.google.com/feed/aHR0cHM6Ly9yc3MuYXJ0MTkuY29tL2JpZ2dlcnBvY2tldHMtcmVhbC1lc3RhdGUtcG9kY2FzdA/episode/Z2lkOi8vYXJ0MTktZXBpc29kZS1sb2NhdG9yL1YwL2hoaGJLaHVQSk5vMDhUbGdaZEpnQVlhblpnUG9oYmgyQmlBRkxZaWtUTE0?ep=14

@Rosario Aiello

Like what was said above, I'd echo what David Greene is saying today about today's market. Listen to this episode:

https://podcasts.google.com/feed/aHR0cHM6Ly9yc3MuYXJ0MTkuY29tL2JpZ2dlcnBvY2tldHMtcmVhbC1lc3RhdGUtcG9kY2FzdA/episode/Z2lkOi8vYXJ0MTktZXBpc29kZS1sb2NhdG9yL1YwL2hoaGJLaHVQSk5vMDhUbGdaZEpnQVlhblpnUG9oYmgyQmlBRkxZaWtUTE0?ep=14

Take a listen and DM when you have and I can expand on great opportunities here in the greater Tampa market

@Mohammed Nasser

You're going to want the best in the business! @nick velez with the one brokerage (David Greene's brokerage)

@Amar Mistry

Are you working with an investor agent? I'm glad you're running the numbers because some out of state investors don't and you can get burned when you arent working with an investor agent.

I'll keep it short but as you're seeing it's difficult to find a reasonable SFR, turnkey and cash flow as an LTR. There are some exceptions and other paths to get what you're going to want though.

I work primarily with out of state buyers in both LTR and STR in the greater Tampa area and we have our own lending and property management (best PM in the area hands down) if you're needing additional resources just let me know.

@Colette Major

And this goes for the others here as well. My brokerage (Graystone Real Estate) is a one stop shop for investors local and out of state for anything REI. We have in house property management, lending, agents and more. I am a local investor and realtor and I specialize in short-term, mid-term and buy/hold LTR residential real estate. We also have in-house GCs that do great work and price fair. Feel free to DM if you have any questions or any assistance you'd like and I can definitely either help directly or indirectly through my network. 👍🏽

@Henry Asencio

As others mentioned the easiest way is to use the agent finder tool. Another way that will be more manual for you is to, like others mentioned, parse through STR discussions in areas you're interested in and look through the profiles you seem to like and reach out via direct message. 👍🏽

@Artem Pustovar

As others may have alluded to, there's no clear cut right or wrong. You have good points in building for yourself and like you said, if you can still get it within the right location then that's a big plus because typically new construction is rare in places like Pinellas County.

Some things to weigh in too is opportunity cost. There are opportunities on the market to buy into and quickly make a profitable STR in Pinellas vs the lead time to build. If you're building, then like you mentioned it's worth going the extra mile and do something more unique or experience-based to capture a higher ADR relative to the competition.

I'm happy to offer my opinion on whatever project you're considering in the areas around Tampa to go into more specific pros/cons anytime.

If you have STR experience, then @Nick Velez has a DSCR loan product that can use that to help you qualify for the purchase.

@Danielle Shipp

Took a look through this and for the most part the data/estimations look accurate. I'm a local realtor and investor here and do a lot of STRs in this county. Curious what the current purchase price and rehab cost is for this? Looks good and good luck on the fundraising! 👍🏼