All Forum Posts by: Danielle Lynch
Danielle Lynch has started 6 posts and replied 18 times.
Post: General Contractor & Property Manager Suggestions
- Posts 19
- Votes 15
Quote from @Eliott Elias:
Lower your expectations on contractors and PM's, you will just be left disappointed.
I've heard a lot of that. Worrisome. They say who how for a reason
Post: General Contractor & Property Manager Suggestions
- Posts 19
- Votes 15
Quote from @Ray Hage:
@Danielle Lynch Hey Danielle, I have good people for both and can send to you. I will tell you though generally speaking, they are hard to find but I am thankful for my good ones.
Post: CAP Rate in Palm City FL?
- Posts 19
- Votes 15
Quote from @Danny Simard:
I don't know that market, but I suspect you'll have to specify what asset class you're looking at. Cap rates probably vary between:
- multifamily
- industrial
- retail
- office
- mixed use
- other/specialty
What asset class are you interested in?
Apartments Multifamily
Post: General Contractor & Property Manager Suggestions
- Posts 19
- Votes 15
Hi, I am shopping real estate deals down in Miami, Fort Lauderdale, Hollywood, Palm Beach FL. I am looking for a trustworthy knowledgeable general contractor and property management company in the area. If you know of one that would help me out a ton.
Post: CAP Rate in Palm City FL?
- Posts 19
- Votes 15
PALM BAY*** FL -- it won't let me edit the title.
Post: CAP Rate in Palm City FL?
- Posts 19
- Votes 15
Hi everyone. Does anyone know the market cap rate in Palm Bay, FL? It's about an hour southeast of Orlando near Melbourne, FL.
Cap rate compression does not necessarily mean a property's income is increasing or that the property is appreciating. It reflects the change in the relationship between the property's net operating income and its purchase price. So if there is a higher demand in the market it will naturally push prices up across the board while NOI is remaining constant. Thus compressing CAP rates.
Post: First Multifamily Looking in South Florida
- Posts 19
- Votes 15
Hi guys,
My first bigger pockets post. I own 3 long term rentals in Chicago and I am looking to buy my first multifamily in south Florida. Does anyone have recommendations on cities they are investing in Florida that are currently working? Do you think I have to start with 2-5 units or just analyze the numbers and try to scale up to more doors (which is my goal at this point). I have $500K liquid and another $400k in stocks I could pull out if I find a deal I can't pass up. Thank you in advance for any help!