All Forum Posts by: Megan T.

@John Underwood

I have been trying to learn more about tax deed sales. What are the potential risks in buying a property this way? Is there a risk of other parties having potential ownership of the asset (mortgages, prior liens)? Is the title clouded for future sales? 

Thank you!

You are capped at a 10% increase year over year, not including the increase in the year following the sale. This is the only exemption available to non-homesteaded properties in Florida

https://www.pbcgov.org/papa/10-percent.htm#:~:text=The%2010%25%20cap%20applies%20to,the%20previous%20year's%20assessed%20value.&text=But%2C%20Florida%20law%20provides%20that,the%20year%20following%20the%20sale.

Hi David,

The testing sites are open. My husband just took his exam last week

My tenants paid on the third after a friendly reminder. They had simply lost track of the days

double check you are able to do a two year lease in your state, and if there are any additional requirements. In Florida, it can no longer be considered a residential lease if it is longer than one year, it switches to a commercial lease because of this and has other requirements for it to be valid

XIRR, monthly IRR, and annual IRR will all be slightly different numbers

XIRR is the most accurate, but depending on the language in your partnership agreements the waterfall calculation might be on an annual or monthly basis

You should consider a job at a commercial real estate investment firm as an analyst. There are tons of firms that look to hire recent college graduates

Check out select leaders for job postings 

You might want to look into using your license to get a referral fee but still working with an agent more familiar with multifamiy. This way you still keep a portion of the commission, but you also have the guidance of an experienced agent

As someone who has worked as an analyst at multiple CRE companies and hired many as well

It helps you sell your story, but your major GPA and other relevant experience will get you in the door

Being a finance major is an excellent start. Double majoring or minoring in real estate would be a big plus, but I would keep with the finance major

As a sophomore you should be looking into internships at commercial real estate firms, especially small ones. Your junior year you will want to intern for a large REIT or something similar. This will set you up for a great start in the commercial real estate field

I would hold onto that cash. Find a job in an investment-friendly city and use the down payment money on a househack. You do this and invest that extra savings into more rentals and househacks and within +/- 5 years you could potentially FIRE