All Forum Posts by: Mark Go

Hallandale Beach, FL. 

This from 2014-2016

Investment Info:

Retail commercial investment investment.

Purchase price: $600,000
Cash invested: $100,000
Sale price: $900,000

Revitalized a run-down shopping center with a comprehensive renovation.

I've developed a few projects in South Florida, I have a real estate license and General contractor license. 

What do you think is the best market for new construction around Florida?

Thank you for the info!

@Jordan Keck 

What is the rate on those interest only construction loans?

Hello,

Finding good contractors is like striking gold... 

Could anyone recommend a good demo company in Miami-Dade or Broward County?

Does anyone have an engineer and an architect who they used in the past to build a duplex/triplex/quadplex in South Florida?

Hello,

I've purchased a 5 space Strip-mall and completely remodeled it.

The price was $600K, I put over $100K into remodeling. There is a vacant space that should rent for $1500-1600 a month. The other 4 spaces are bringing in $6464/month before tax and Cam.

The property tax is $8400, insurance is $4900, Electrical/water $3000/year. The bldg size is approx 3400Sqft, the lot is 7400sqft

The cap rate for the area is 6%-7.5%

What value would put for the property?

Thanks!

Hello,

I've purchased a strip-mall in at the end of 2014, I couldn't find a bank to lend me the money. I had to put 50% and get a private lender to close the deal. I've completely remodeled the property and brought new tenants. I am ready to refinance. 

The property is located in South Florida. I know the big banks stay away from strip-malls. Any recommendations for banks who offer good rates?