All Forum Posts by: Karl Hinkel

Hello everyone my name is Ernesto Aulet and I just moved here from Massachusetts and I am just starting out in real estate investing! I am looking forward to meeting experienced people and to learn from them. Is there any advice you would give to someone starting out like me?

Hi BP network! As a newbie, I'm preparing to purchase my 1st investment property in South Florida (most likely a Buy & Hold which I'll rent out). I'm going through a HUGE learning curve right now with the wealth of info out there, and trying to figure out all the steps and parties needed to buy property.

Any good tips or resources for checking the strength of the rental market in a particular area or neighborhood, prior to making an offer?

Thanks!

Hi BP network!  As a newbie, I'm preparing to purchase my 1st investment property in South Florida (most likely a Buy & Hold which I'll rent out).  I'm going through a HUGE learning curve right now with the wealth of info out there, and trying to figure out all the steps and parties needed to buy property.

Any good tips or resources for checking the strength of the rental market in a particular area or neighborhood, prior to making an offer?

Thanks!

Hi my name is Paul. My wife, Joann and I, are looking for financial freedom through real estate. The purpose is so  we can spend more time working in ministry, be more generous, travel, and be in control of our time and energy and not have someone else allocate those resources to suit there own purposes. We live in Palm Beach county Florida. We are in the middle of buying a second home and converting our current residence to a rental property. Our plan is to make it the first of ten rental properties over the next 5 years. 

a furnished 1br near the ocean in South Florida is really very good for a short term rent... picture your prospective tenant - who is he/she? snowbirds will be interested for sure...

HOA, like in most oceanfront complexes in Hallandale Beach only allows to rent once a year, which is why we have to stick to long term only. the property is on zillow and similar websites, perhaps its time to put it on facebook too. We do get several showings a week from realtors and we do get positive feedback but no offers at asking price, way below. Everyone I know has rented out their units with no problem 2 years ago. Is Miami rental real estate starting to spiral down? I am wondering if it is like that for everyone who has rental units on the market right now.

We have a 1br in the Hemispheres complex, on the barrier island (2nd line of buildings from the beach) in Hallandale Beach, FL. 2.5 years ago it was rented in under 1 month for 1450, while similar apartments in the complex were rented 1500+. (This is all 1year rentals, association only allows 1 rent a year). Now as tenant moved out its been sitting on the market for 2 months, only attracting low offers of 1350, not even sure if renters were qualified as we did not proceed with screening. This is currently lowest priced 1br in the complex at 1450, it is a nice unit on 10th floor with nice views, not over-improved but nice. (MLS#:A10499901 )

It seems that now prospective renters are not willing to pay any premium for ocean properties. I don't see other apartments here  offered at low prices, at the same time they are sitting on the marked longer. Has anyone noticed a pronounced downward trend in rental prices in  Miami area? Is this a dead rental season? Is it a new market reality that rents are 10% lower than 2 years ago? I spoke with 2 realtors and they said rental market was good, at least as usual.

Thanks!

We are private investors located in West Palm Beach, Florida looking to BUY houses in any condition in Palm Beach and Broward County. WE PAY CASH and CLOSE FAST.

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