All Forum Posts by: Raymond J. Rodrigues

I am seeing interest rates start in the mid 6% range for foreign nationals here in Florida. Minimum loan amount is $250k. 

@Daniel Hartz, I would just refinance this as a rate/term refinance and get out of the bridge loan asap. Feel free to reach out with any questions.

Hi @Craig Daniels, thanks for posting on the forums. You'll find that it's hard to truly cash flow with a fully turnkey purchase here in Florida. What's your price point? I know of a few investors in the local central/south Florida area that are having success with investing in long term rentals depending on your strategy! 

@Fernando Sosa feel free to reach out. 

@Kiley Costa I'm sorry to hear that you're having a tough time with your first STR. If you're ever looking to invest in Florida, @Josh Green has a successful STR operations going on in the Tampa Bay Area that is providing his clients with solid returns year round. There’s actually quite a few investors from California making purchases over here. 

@Ricky Reddin, welcome to the forums! There are a few ways you can handle the renovation which all comes to personal preference. You can use your own funds, use a HELOC or do a cash out refinance to cover the costs. How much is your house worth and how much do you owe?

@Kamal Martin. I’m local to Miami. Feel free to reach out.

@Cody Caswell depreciation, mortgage interest, insurance and one time expenses(non recurring) are considered add back expenses. Feel free to reach out with any other questions!

@Jose Mejia I assume this property was purchased under an LLC. How long have you owned this property?

@Richa Wardhan sent you a message.