All Forum Posts by: Steve Smith
Steve Smith has started 4 posts and replied 384 times.
Post: Member From Florida Looking To Connect
- Beverly Hills, FL
- Posts 388
- Votes 62
I am a buy and hold investor in the Beverly Hills /Crystal River Florida wishing you the best
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Steve
Post: Greetings! I'm a newbie. :)
- Beverly Hills, FL
- Posts 388
- Votes 62
Welcome to BiggerPockets the best Real Estate site on the web. You will find a lot of great information here, with along with good and knowledgable people that are willing to answer any of your questions. Also be sure to check out the Education section above and join the free webinars offered by BiggerPockets
Make it Happen
Steve
Post: The 50% rule and our first two-family rental property
- Beverly Hills, FL
- Posts 388
- Votes 62
The 50% rule is meant to act as a quick analysis tool, to insure the deal is actually deal. It should be used in conjunction with a full analysis. Never purchase a property based on the 50% rule you will be very sorry
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Steve
Post: Help w/ deal analysis assumptions
- Beverly Hills, FL
- Posts 388
- Votes 62
Hello @Lindsay Denny
The figures I use are as follows
Vacancy 8%, Repairs &maintenance 5%, CapEx I use 10%
Hope it helps
Make it happen
Steve
Post: What's your favorite BP podcast?
- Beverly Hills, FL
- Posts 388
- Votes 62
My favorite podcast are show
3, 76 Brian Burke
14. Ben Leybovich
48,131 Darrin Sager
60 Serge Shukhat
108 Grant Cardone
152 Burke,Shukhat, Leybovich
153 Linda Mckissack
157 Hal Elrod
Post: Commercial Real Estate Investor in Orlando FL, Into
- Beverly Hills, FL
- Posts 388
- Votes 62
You might want to check out CFRI (Central Florida Real Estate Investors) there are many commercial investors there
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Steve
Post: new member from Middleboro, Massachusetts
- Beverly Hills, FL
- Posts 388
- Votes 62
Welcome to BiggerPockets the best Real Estate site on the web. You will find a lot of great information here, with along with good and knowledgable people that are willing to answer any of your questions. Also be sure to check out the Education section above and join the free webinars offered by BiggerPockets
Pete before moving to Florida I lived in Revere for 43 years and Kingston for 15 years
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Steve
Post: What am I missing on this deal?
- Beverly Hills, FL
- Posts 388
- Votes 62
As a property ages repair and maintenance cost go up. Common sense would say that the coming years maintenance cost would be the same or higher
I use the following as a guide
New to 10 yrs 5%. 11 to 20 years. 10% 21 and older 15%
Hope it helps
Steve
Post: New Investor in the Boston area
- Beverly Hills, FL
- Posts 388
- Votes 62
Welcome to BiggerPockets the best Real Estate site on the web. You will find a lot of great information here, with along with good and knowledgable people that are willing to answer any of your questions. Also be sure to check out the Education section above and join the free webinars offered by BiggerPockets
Before Moving to Florida I lived in Revere and Kingston Massachusetts
Make it Happen
Steve
Hello and Welcome to BiggerPockets, the Best Real Estate site on the web.
You will find a lot of great information along with good and knowledgeable
people that are willing to answer any of your questions. Be sure to check out
the Education section above. And join the free Webinars offered by BP.
Make it Happen
Steve