All Forum Posts by: Marc Middleton

Sounds like a good plan to me! Especially if you buy a large duplex and rent out the other portion for a year or two until you move out and get another one!

The requirements for the DPA are pretty clear on the website. Just read the terms on when you can move out and it will answer your question. Bigger Pockets isn't really the forum for DPA :-) 

FloridaHousing.org

 Sending you a PM

 Yes, I noticed that back in 2016. It was very common to find 10-12 caps in NH/ME so I guess now the prices went up and dropped them to 8 caps. 

NH would be better since ME is seeing an exodus vs an influx. 

But still, the sub-$1000/month places are still very very strong in both states, as are SFH in NH.

 If you're licensed, you could legally collect a real referral fee. If you are not, get your license! Then people like me can work them and pay you for the leads after closing. 

If you aren't licensed, you'd have to sell them to other wholesalers or investors I would assume, in those areas. 

 That's awesome info.

My owner of his 9 unit was going to file against the city this year as well. We feel that multi-families on Grandview (where his property is) should be allowed to do short term weekly rentals. I understand neighborhoods with only SFR but blocks of Multi-families 1-2 blocks from the 'T-1' zone? Makes no sense to us. We could buy up the whole block, renovate, and make them high-end AirBnb type places rather than the run-down state that most of them are in (no value in fixing up since you can't get top dollar in that area).

 Definitely haven't heard of any thing exciting coming from KW. 

For what he's looking for, he should probably use a small time broker who specializes in Investments. The agents in the big firms aren't going to have the time or contacts for his goals. 

 I usually tell people 1 hour but that's because I work in Miami and there tend to better deals in Palm Beach & Broward county. 

If I was still in Orlando, 30 mins would be a pretty good rule of thumb. (Lakeland is still good, Volusia county is doing well)

If you care more about cashflow like the investor above, Daytona Beach is good as well. Properties aren't going up much (until some laws start changing) but you can still get lots of Multi-families near the ocean. I just helped an investor get a 9 unit just 2 blocks to the beach for under $500k. You'll need a good PM though, a lot of 'problem' tenants on the beachside!!!

 So is your dad Robert?? (sorry, had to ask)

I can say that Nashville isn't more inflated than Tampa though. Its been very hot there for quite some time. 

If you aren't going to live in Florida and are a 1st time investor, stick to Nashville for now..

 Could a person get an SBA loan to buy or build a storage unit complex that had a 'manager's' apartment on-site and use that to live essentially rent free while being the on-site manager of the complex?