All Forum Posts by: Michael Hamby

I recently got a quote for a mini split and it wasn't as inexpensive as I thought.  He also advised that it 's really only good for studios since any door would block it's path to do it's job.

I've used Bo Harper at Harper Title.  He is a lawyer and has helped me with quit claim dees.  Or Sally Fox is a Real Estate Lawyer - 850-433-6581

I use Brown Thornton Pacenta & Company.   Sandy queen Handles my stuff there.

Hi Jess,

I would suggest joining the PIG group for local networking and investing education.    There are some decent deals available on the market as far duplexes go in Pensacola.

@Jule

@Jule Serio It has been my experience that investors don't usually share their ace contractors so that they can stay available for them.   I would suggest joining the Pensacola Contractors Facebook group.  I have been getting a lot of contacts there, of course them showing up is another thing.  I'd also recommend sitting outside of Lowe's at 7 Am and calling all the trucks there.  I have also heard of people getting contractor contact information of of closed permits from a house that they know looks nice.

Hi Jehon,  If you haven't already discovered it, join the "Pensacola Contractors" Facebook group.   I have been quite impressed with the amount of members and been using that for my contractor needs lately.

My pleasure.   Yes the BP rehab estimator is a good tool.  I use that too and adjusted for prices I have been getting local to Pensacola.   I'd be happy to walk through the property if you want a second eye on estimates.  I am not a contractor but usually am within 10% of what I end up paying contractors.  The professional investor's guild has a meeting next week that is also a good place to network for contractors and other investors.

@Paxton Corwin  What are your repairs that consist of $13,000?   If you are looking for a contractor, I have found success sitting at Lowe's at 7 AM and calling all the trucks that are there until I find who I need.  You want the guys that are there at 7 AM, not the guys that are there at 10 AM ;).   Additionally, The Pensacola Contractors facebook page has  a significant member count, and I have been getting a lot of my contractors from there now.

In Pensacola, 150k seems to be a consistent price for a small duplex with 2 bed 1 bath per unit for like  a C Class area.   Nicer areas would be closer to downtown or up north around I 10.  Pace and Milton are upcoming as well.  I would look to The Erik Hansen team with Keller Williams for Short Term Rental Management.    I could also refer you a few property managers to review if that's something you are interested in for long term rentals.   Join the Professional Investors Guild for access to most of the wholesaler's sharing off market deals.   Although they usually want cash and to close quickly.   The group is one of the best I have seen, has an active Facebook group, and meets monthly with about 50-100 members at the meeting.