All Forum Posts by: Sastry Srini

Thanks for the input.. appreciate it outside 295 loop.. how has been your experience with SunCoast Property Mgmt? I was looking at another PM - home encounter Please share how your experience with Jacksonville area rentals.. thanks!

32210 zip code

Hello all, Need some advice. I am buying a brand new construction -SFR in Jacksonville. I am an out of state investor and it is financed by a bank loan. Would it make sense to arrange for 3rd party inspection, even though it is a brand new construction? I am assuming that since it is brand new construction, it will meet the local and state codes. Not sure of additional value the 3rd party inspection would provide. Any advice or thoughts as how I should proceed ? Thanks!

Hmm.. how about deed plus copy of drivers license with numbers and date of birth blacked out.. That way renter can cross verify the name on dl with name on deed. Agree with other BPers that we need to be careful while sharing PII information.. Thx

Originally posted by @Brandon H.:

Originally posted by @Juan Lozano:

Hey Brandon, I'm actually going through them too. Would love to read some more input.

 Cool, glad to hear there is another person out there doing the same thing!  My property is still being built (target completion date is 3.15.17).  They advertise that they'll fill the properties within 30 days of completion but I'm very skeptical of that claim.  My assumption is that while the home will be completed in mid-March, it won't have a tenant in it until May.  I hope I'm wrong but March isn't a popular time to move if families have kids in school.  

Is your property already completed?  What stage are you in the process?  I would love to connect and learn about what your experience has been so far.  

Gentlemen,

I am also in contract for property with Jax/Sun Coast PM. To be delivered by 3 rd week of May 2017. So far, the construction manager has been sending weekly updates and photos.

@Brandon Hausauer:   How is your experience so far? Did u visit down there to see the property after it is completed? 

Please share

@shal patel 

As suggested by @Rolanda Eldridge , run the numbers. Get  sales comps and rental comps run by real estate agent, Adjust the offer based on the property condition and submit the offer.

Remember ..You make money when you buy.

All the best.

All,

I have signed a purchase agreement for a new construction  in Jacksonville property @ GlendaMeadow through Jax investments. To be deivered/closed by 3rd week of May. So far the experience has been good. Construction manager has kept me up-todate with the progress.

Will keep you updated. Wish me all the luck!

Folks,

I and couple of my friends have a LLC registered in Michigan and looking to buy a SFR @ Jacksonville for rental purposes. Seeking help on following questions from experienced investors

a) Does Florida needs an LLC registered in state (ie Florida)? or Can we use existing LLC (registered in Michigan) to buy/hold?

b) any other points we need to waych out for?

Thanks in advance for your help.

Folks, Your opinion on Jacksonville, fl Would it not meet the criteria what Sarah mentioned?

Thanks Kerry.. I live in AnnArbor and would like to participate in AA real estate investment club.. would you please share the location of the meeting and time.. or better if you can please point to schedule on a web site, that would be great I worked with Dorian Forge of CharlesReinhart for my deal of Sfr.. you can look him up on their website or contact them.. they service major portion of AnnArbor Thanks, Srini