All Forum Posts by: Rick Trivedi

@David Song - I had used https://www.fullerins.com/ for one of my commercial properties, service was good and rates were competitive as well. Overall was happy with them. However since there arent many providers in the market that I could find, so didnt really compare with anyone else.

@Marat Shvartsman - Rochester is one of the hottest, stable and affordable market. 

@Bryan Stein Look at North (Clear Water and Palm Harbor) and South (up to Sarasota) of Tampa.

@Sarah Schwab Just relying on appreciation is risky. @Alecia Loveless mentioned, probably not a good idea. May be think outside the box - go in bit more remote areas or do AirBnB. Short Term Rentals might bring you better return.

@Andy C.Agree with @Patricia Steiner. We recently did 1031 from CA to FL. Decided to split it between Orlando and Jacksonville. It is a bit of shock for CA investors because we are used to high credit score, tech workforce in SF Bay Area. However in FL, at least in Orlando, things are very different. All of the properties are brand new construction in really reputed communities with all the amenities and terrific location. We will see how Jacksonville pans out soon. Because we see opportunities in FL, our firm is in the process to become brokers in FL as well. Happy to provide more information if needed.

@Simran Singh Central Valley - Fresno, Modesto and north of Tracy/Patterson are up and coming. Near Tracy/Patterson, there are warehouses being built like crazy with massive communities coming up.

@Jessica Jimenez - its hard to advice or even take the advice without knowing the full situation. There are several factors - speed of sale, current local market condition, cost of lost opportunity etc. Best advice would be to talk to someone knowledgable who you can share more specific information with to get the right advice.

@Karthik Kumaresan rents are currently down 20-30%, so you can expect to get 2.5-3k but with HOA and property taxes, you will be relying heavily on appreciation as an investment. If you are willing to do house hacking, on the other hand, it might be a lot better. It depends on what you are trying to do.

@Jim G. We are in the middle of one of the 1031s in similar situation and swapped bay area investment with Florida new construction properties. It seems like you already have OOS investments In CA or OOS for ~1.8m, you may want to think about investing in commercial asset to get predictable and stable 5-5.5% cap which will still get you a decent upside from your current returns, primarily because you will be putting the appreciation money to work. Commercial leases are a lot longer, stable and less headache than the residential properties. If you are leaning however towards the residential, considering OOS or central CA especially near new railway line project may makes sense.

@Marie C. Generally we advice potential buyers to look at the monthly HOA fees. For few hundred additional $ that you spend monthly in HOA, your purchasing power could increase by hundred thousand or more in additional mortgage so you can actually afford a single family home instead. Normally independent homes are much better investments for appreciation and potential to expand in future without restrictions from HOA etc. We are local in easy bay, happy to help if you need any additional help.