All Forum Posts by: Marissa Mallamo

Hi all!! We are looking for an investor friendly and experienced realtor in the south Florida area... Mainly palm beach county but open to other areas as well if the numbers are right. I've posted this once before on BP without any response which I found strange so I'm not sure if I posted in the wrong forum area..if anybody has suggestions of where I should be posting instead please let me know. Thanks in advance!!

I highly recommend my accountant (please PM me for contact info bc BP won't allow it in the post, or find it on his website) for personal, small business and RE needs. My family and I have been using him for years, and he has helped to completly clean up a HUGE tax mess that was created by another accountant for my boyfriend's small business back in 2013. Tell him I reffered you! Good luck!

Jeffrey Stern, CPA

Great meeting everybody! I'm looking for the contact info for Jill who was at the meeting on 1/9..can anybody pass it along to me or give me her BP handle?

Thanks!

Hi BP!

We are looking for an experienced, knowledgable and patient investor friendly realtor who is familiar with the Delray Beach, Boynton Beach, Lake Worth areas. Open to other local areas as well if the numbers make sense. Any takers or recommendations?

Thanks!

-Marissa

Count 2 more in 😊

Hi everybody! Any recommendations for great lenders for a cash out refinance on an investment townhome (previously my primary residence) in south Florida would be appreciated! Any additional advice or tips on this process would also be welcomed and appreciated from this newbie 😊

Hi there! I recently turned my first townhome in the delray beach area into a rental with about $300 per month in cash flow! I am now interested in investing In a second property. Possibly a flip or another buy and hold. I have about $35k + in equity and would like some advice on the best way to go about pulling that out to reinvest. The interest rate on it currently is 4.75%. Is it better to try to refinance to a lower rate and take cash out at the same time or open a HELOC ? Can I even qualify for a cash out refinance now that I do not occupy the property myself? How easy it is to qualify for a second mortgage if my current property has only been rented out for 2 months? (My fiancé and I are investing together so the first mortgage is in my name only and mortgage on our new home that we now live in is in his name only due to it being a VA loan) the second investment property would hopefully be in both our names or maybe just mine because he now has a much larger mortgage in his name. I'm very new to this and any clarification or advice is appreciated as I'm sure there is a lot of factors I'm not even taking into consideration right now. Thanks in advance!

Unfortunately can't make it this time but definitely keep us posted abut future Delray Beach coffee meet-ups, I would love to join one in the near future!!

Good morning!

I asked these questions as a reply in a thread of another post I started, but I'm not sure if others will be notified of my replies so I am making a new post here as well.

I do have a few more questions on the rental process now that I just posted the property for rent last night on zillow, postlets, hot pads, etc.

1- What is considered tenant screening vs discrimination? Do I have to rent to the first person who is interested and offers the full rent amount being asked, just because they meet the criteria I'm looking for, or can I screen a few people and then decide? I'm trying to learn what my options are while obviously staying compliant with rules and regulations

2- After much reading on BP, I can see the theme here is Cash Flow is king. I'm sure every situation is different for every investor, but is there a general baseline amount of $ that is considered cash flow? Is $50 or $100 a month left after paying PITI and maintenance still considered cash flow? (side note, this is a property I am currently living in and turning into a rental, so it's not a brand new deal that I'm analyzing to decide to buy or not based on cash flow)

Thanks in advance!!

Thank you ALL so much for the warm welcome and words of wisdom. They really are helping to make me feel more comfortable with all of this. We are definitely going to try to come to the meetup event on 10/14 as well!

I do have a few more questions on the rental process now that I just posted the property for rent last night on zillow, postlets, hot pads, etc.

1- What is considered tenant screening vs discrimination? Do I have to rent to the first person who is interested and offers the full rent amount being asked, just because they meet the criteria I'm looking for, or can I screen a few people and then decide? I'm trying to learn what my options are while obviously staying compliant with rules and regulations

2- After much reading on BP, I can see the theme here is Cash Flow is king. I'm sure every situation is different for every investor, but is there a general baseline amount of $ that is considered cash flow? Is $50 or $100 a month left after paying PITI and maintenance still considered cash flow?

Thanks in advance!!