All Forum Posts by: Seth A. Weber

Hello Gang! I am evaluating my first long distance endeavor. A in-law family member is selling a 3bed 2 bath ground floor house in Marathon Florida. The house has had recent updates/rehab after some storm action, (home is getting fresh inside/outside paint this month. A standard issue home and not on a canal or water. It has been used as a long term rental and was collecting $2200 a month. The house does not rally have any amenities that would make it a good short-term rental.  I understand the insurance is the killer to the good deal in that part of the world, hearing around $6-7K?  I have the ability to purchase the home for around $325K which would be a good price since it seems like inventory below 400K is quite limited.  Long term rentals are hard to come by in Marathon and needed for the community for sure, but this seems like a appreciation play more than anything.  The property, would not cash flow, but could be a hold investment for now and maybe a retirement home in a couple of years. Maybe? 

Any folks in the Keys area wanna weigh in...looking for some local BP insight that could aid me.

Thanks in advance for your input, Seth. 

Good Morning Anthony!  I live and invest in the West-Central Mountains of Idaho as well.  You have picked a fabulous place to live and grow a family but one of the more difficult markets for a starting investor.  I would be be happy to discuss the current real estate conditions and give my opinion on what may work for you to meet your goals!  I will send you a message with my contact info, today would be a great time to call and talk, as I am cutting/packaging an Elk I got this weekend.  

Enjoy the Day!  Seth.  

Hey Hud! I live and work in Idaho for the US Forest Service as a forest fire fire fighter with my wife and daughter.  My wife is an elementary teacher and could be counted as a first responder as well. Lol! We live in a beautiful mountain town north of Boise with every imaginable recreational option out there.  In addition to literally building my own home we also have a couple of SFRs.  our goal is to build our portfolio to augment our pensions in the upcoming retirements .  Be Well, and Good Luck!

Here is the link to the meet-up that Jonna has arranged for next week.  hope the link works and it works out for you to attend. 

https://www.biggerpockets.com/forums/521/topics/791422-boise-investor-meet-up-wednesday-february-5th-6-00-pm

Good Morning Eric, I am just south of you in New Meadows.  I am also absorbing everything BP right now as I work toward the next deal.  good luck and reach out if you need an Idaho mountains sounding board.  

Seth.