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Clearwater Beach

If you’re looking for fun, sun, and sand, Clearwater Beach has plenty of all three. Miles of silky, white sand and turquoise water are perfect for swimming, beachcombing, days spent relaxing on the beach and romantic walks at sunset. We love it. You can’t go wrong with a vacation at Clearwater Beach.

We vote for Clearwater Beach Florida!

Take care.

Hi Dianna...Hang in there, and yes, biggerpockets is a great source for answers and motivation. It sounds like you have a lot of thoughts, but no written down plan. The key in any real estate business is detailed calculations. By starting with your “Wish List” – i.e. how much you wish to earn on these properties – the plan will help you examine the key aspects of generating positive income: revenue, expenses and business development. Revenue is not income. Revenue is defined as gross earnings before expenses and taxes. Expenses in turn are typically the number one reason properties don't cash flow. Your plan must factor in all your administrative, marketing and transaction expenses – both fixed and variable. Once you have it fully documented, then you can make decisions, such as the ones offered in this post. It starts with a solid numbers crunch.

Best Regards, Stuart

Hi Terri...I would say that once you find an area that you have analyzed and determined is hot for growth, why not do a little bit of both and diversify the risk. I love to watch an area for new Home Depots, Targets, and other big retail firms. They have big budgets, and if you have an area that has these chains coming in, you just might be on to something. Therefore, if you can buy a small strip center and a few residential real estate single-family homes to rent, then you hit both markets. That would be super, if you have experience in both markets.

Please let us know what happens.

Best of luck, Stuart

In commercial real estate, value is really cash flow focused, which comes down to NOI (Net Operating Income). NOI determines the appraised value, so it goes hand in hand. If you read the appraisal, on multi unit commercial real estate, you will see how much NOI is the focus.

You can read up on NOI...Gross Income Potential, less expected vacancy, less all expenses, etc.

Take care, Stuart

Down in Florida right now there is so much inventory, renting is an option that should be considered and is, by a lot of people. The investors that are upside down are having to go that route. The apartment to condo conversions are swing back to rentals. A good strategy will add this as an option.

However, a person with two or three properties, which has not done this before, has too much homework to do. Contracts, listing, renting procedures, evictions, and more. Too many issues, unless you are experienced.

Just my 2 cents...Stuart

Lovely Venice Florida!

Regards, Stuart