All Forum Posts by: Robert Weinstock

Thanks, Jaycee and Nicholas! Spot on. After looking into it further, as Jaycee noted, the projected rental rate is nearly double the local market rate for SFH. It likely reflects a maximum estimate from operating it as STR.

Lesson learned: can’t rely on numbers prepared by sellers engineered and presented to push the sale and the importance of doing own due diligence.

Hi Everyone,

This is my first post here, so I wanted to quickly introduce myself. I’m brand new to BiggerPockets and to real estate investing in general. By profession, I’m a dentist, and while I truly love what I do, I’m also really excited about what the world of real estate has to offer in terms of financial growth and long term stability.

As a rookie, I came across the listing posted above for a property in Florida. The numbers shown on the deal analyzer look great with high projected cash flow and solid estimated returns. Assuming the property is in decent condition and the assumptions are accurate, I’m wondering:

Why wouldn’t everyone jump on a deal like this?

Are there common red flags or factors that new investors tend to overlook when deals look this good on paper?

I’d really appreciate any insights from those more experienced. Thank you in advance and I’m looking forward to learning and growing here.