All Forum Posts by: Kristina Kuba

@Matt Sora

What is your primary goal?

cash flow vs appreciation

turn key vs value add?

@Jordan Garcia

When you are looking for a STR dedicated agent in Miami, make sure that agent has lots of STR experience and owns a few themselves. As you know, at the end of the day you are running a hotel and from my experience you need a whole team of reliable and affordable referrals. You need the plumber that will come in the evening and not charge an additional $300 convenience fee, a handyman who can fix a TV mount or a broken bed and not charge you an absorbent amount. Happy to help if they have any questions!

@Account Closed

I don't have the information to calculate COC and/or factor in appreciation. From an agent perspective and myself owning several investment properties, what I am seeing in Tampa is the byer pool getting smaller quicker at the same time the supply pool getting larger because interest rates are causing sellers to panic and "tired landlords" to also want to sell.

With that being said, why not leverage to buy larger multifamily property? One tax bill, one lawn maintenance, one insurance bill, etc. As I always say, marry the home and date the rate. History tells us that rates will drop in the near future and you can always refinance but you can never change the mortgage balance.

@Anthony Ciccotto

To answer your questions, I have had investor clients, especially with multifamily units, change 1 or 2 unts to a MTR model once the LTR lease expires.

My best recommendation is to contact recruiting agencies and also find recruiters on LinkedIn that work for the local hospitals where your properties are. Also, we have seen great luck on for finding MTR tenants on FurnishedFinder.com and Apartments.com

Congrats @Eva Oliva!  would love to see some before and after pictures.

@Neil G.

You mentioned you have 2 other businesses that you want to focus on and this was merely a side gig. I would dig into that and ask you how much more can you focus on those businesses and generate more profit?

In my experience, I would recommend moving it into a LTR or selling it. As an LTR, will you cash flow?

There is a severe housing shortage in Tampa proper (Tampa city limits). A July rent report from ApartmentList shows the increasing cost of living in Tampa continues to rise. Tampa rents have gone up nearly 2% month-to-month, and 20.5% compared to the year before. This is the sixth straight month that the city has seen rent increases after a decline in December of last year.

@Tyler Benton

On a side note, if you drive a lot like me, I would definitely listen to podcasts for an hour daily. Bigger pockets and ChooseFi podcasts are great resources.

Take a peak at this article How to achieve farming success using the FedEx model

Hi @Elizabeth Conklin,

I have quite a few investors that live and conduct most of their business from outside of the country. In order to accomplish this, find a real estate professional that is an investor themself and is savvy with technology.

Inspection reports should come to you in PDF format so you can make an informed decision. Closing on the deals are typically effortless with international notaries and wires. The most important need for you is that your agent has a vast network of trades, everything from plumbers to painters to a drywall crew that is not only reliable but GOOD with technology.

The most common pain point I encounter here is that …out- of-country …investors are dealing with trades people and contractors that lack tech skills and still want to be paid the old way. You and your agent should set the expectations upfront that the contractor needs to provide a video walk around along with a report from “audit trail” (It is a $10 app on the IOS store) at the end of each week. And that they need to be able to be paid with third-party payment networks like Venmo, CashApp or Zelle

@Bradley Whiteside

If I could go back in time and do one thing differently in my investing career, it would be to use my first FHA loan availability for a 4 unit.

The FHA Hillsborough county loan limit is $809,150 for a 4 unit building. Live in one and rent the other 3 out. In 2 years move and buy another primary. It builds massive wealth and depending on the property even if 1 unit is a vacant non-paying tenant you can still break even and live rent free.

Tampa is quickly becoming a buyer's market as buyers are getting more leverage because sellers are getting nervus quickly. From what I am seeing, many snowbirds are offloading their 2nd homes or investment properties There is another anticipated rate hike coming so I would get FHA approved and lock in the current rate. I would then make an offer next month as sellers will see that most buyers have decreased buying power again.

Reach out if you have any further questions. Good luck on your investing journey!

Congrats @Jude Cineas!  

You seem to be off to an amazing start and just the fact that you are already actively engaging on investor sites shows that you are passionate and driven from the get go!

If you want to be an investor and work with investor clients, I learned a few hacks over the years that I will share.

Join and actively attend your local REIA group, get involved, ask questions, engage with everyone in the room.

Find out what the pain points are for investors in the area and film a reel and IGTV to address it on your instagram/ Facebook. You will learn for your own investing journey and be the go to agent as well.

Spend a day down at City Hall in Tampa and try to meet with the building department officials from permitting and zoning. Drop off some Panera bread pastries…we underestimate how much $20 worth of tasty treats will get you past a gatekeeper and you might get some serious facetime with a Tampa official who has a plethora of information and authority into permitting, zoning etc.

Dumpster driving - Drive around on weekday afternoons and if you see a dumpster and construction crew working on a house see if you can find the lead or foreman on the job and introduce yourself and exchange business cards… you are building your brand and your network of trades for your own investing journey and to provide for your investor clients.