All Forum Posts by: Rodney Kerley
Rodney Kerley has started 1 posts and replied 3 times.
Post: Apartment Complex / Commercial RE Tips
- Posts 3
- Votes 0
Originally posted by @Taylor L.:
A couple of big missing components from your list include an insurance broker and a lender/mortgage broker. Huge components, particularly in Florida where Insurers are starting to see the climate risk and adjust policies and premiums accordingly.
Hey Taylor,
It was not a comprehensive list for sure, I have an actual document for that on my desktop, but I'll check local brokers and see what would suit me best!
Post: Apartment Complex / Commercial RE Tips
- Posts 3
- Votes 0
Hey Scott,
I'm thinking of getting funding just for the 20% down and then seeing about owner financing on specific complexes. I was thinking of repaying the investors in slightly higher interest monthly payments after revenue starts rolling in from the property.
Hopefully this makes sense!
Post: Apartment Complex / Commercial RE Tips
- Posts 3
- Votes 0
Hey everyone! I bought my first home and started house hacking about a year ago now and I'm ready to take the next step, however, I think if I am able, I would like to bypass increasing SFHs in my portfolio and move straight to Apartment Complexes of 6-12 units in the Greater Tampa Bay area or even Orlando/Miami. Right now I am drawing up plans for the investment to include expenses, property managers, real estate lawyers, getting an LLC, building inspectors, sample numbers/projects, vacancy rates, maintenance costs etc... Basically getting everything in place so when I ask for investors, I don't look like an idiot.
What I'm looking for are YOUR experiences with acquiring complexes and some insight from start to finish of the projects. Thank you!