All Forum Posts by: Todd Anderson
Todd Anderson has started 3 posts and replied 276 times.
Post: First time out of state investor - Need advice

- Real Estate Agent
- Cape Coral, FL
- Posts 293
- Votes 143
Welcome to the BP community.
There is some very good advice here in some of the other posts. I would concur with other people the allure of cash flow in a class C property may look nice upfront, but many investors find that maintenance and management costs end up eating up much of the cash flow.
I also agree with @Drago Stanimirovic, when I work with investors, I suggest looking in the same markets. Find markets that have strong population growth and employment growth. With this, you can get good appreciation on a class B property. With the right purchase incentives, you may be able to not only get cash flow, but strong appreciation. With the money you're looking to deploy I would suggest that you look at the Build to Rent strategy. With buying new construction, you're able to get better incentives than the secondary market and a property that will require much less ongoing capital to keep up. It also typically offers better tenants and stronger appreciation than older properties.
I am currently working with builders who are looking to liquidate properties in both of Charlotte and Jacksonville market that may be just the unicorn you're looking for.
Feel free to connect if I if you think I can help answer more questions.
Best of luck
Post: Looking to invest out of state into multi-family 4plex. I want to do a 1031 exchange.

- Real Estate Agent
- Cape Coral, FL
- Posts 293
- Votes 143
Welcome to the BP community.
Having the right people in place before the clock starts is an important step.
I have worked with a number of investors in your situation. I would suggest you take a look at the Build to rent strategy. I find that it works with a 1031 exchange very well if done correctly. The ability to work with a builder who is constantly bringing new properties to the market takes a lot of stress of the 1031 proses. I have worked with builders in a number of markets that have had quads available for this type of timing.
Feel free to connect with me and I would be happy to walk you through how I have done this in the past and what might be best for your specific situation and goals.
Best of luck with the move.
Post: Curious about long-distance real estate investing

- Real Estate Agent
- Cape Coral, FL
- Posts 293
- Votes 143
Welcome to the BP community.
I work with many investors in your position. The most important thing to think about when looking to OOS investing is to find the right team. You can either find them yourself or find a turnkey provider that hast things set up for you. I have worked with a number of first time investors that have found the proses to be smooth, easy and profitable.
I have a Great new construction duplex right now that is ready to close in the Charlotte market.
please connect with any more specific questions about OOS investing.
Best of luck.
Post: Ready to Invest!

- Real Estate Agent
- Cape Coral, FL
- Posts 293
- Votes 143
Welcome to the BP community.
I would still strongly advocate for cirtin markets in Florida. I have worked with a number of investors that have found good investments in the Jacksonville market. I also have been very happy with the central markets around Ocala. These are both markets that are growing in population and employment. There are also many situations that are turnkey and would not intrude on your current life.
Please connect if there are more specific questions on these areas.
Best of luck.
Post: BRRRR vs. New Construction

- Real Estate Agent
- Cape Coral, FL
- Posts 293
- Votes 143
I would be an advocate for the other strategy, New Construction.
I many areas the price of new construction is falling. I work is some areas that the price of new construction is now under existing homes. This is the first time in a very long time this has happened. This also takes into account the great incentives that you can find from builders. I have seen some incentives like Free Property management and Rate buydowns. I have worked with builders that have offered Rates as low as 3.75%. This type of incentive can make an investment work.
When i talk with investors that are still looking for BRRRR, the problems they have is after renovation and renting, they can't make the numbers work for the refinance. If they get long term financing at today's rates the property no longer cash flows.
The last point I would consider is appreciation. I think most investors would agree that a New house will appreciate with the comparables of new construction. This will normally move quicker that a home built 20,40 or 60 years ago.
Connect with me if you have more questions.
Best of Luck.
Post: Newbie - Would love input from the BP community

- Real Estate Agent
- Cape Coral, FL
- Posts 293
- Votes 143
Welcome to the BP community. There is a lot of information here to help investors like yourself.
I have worked with a number of investors who have rolled over old 401(k)'s into SD IRAs, and have invested through that SDIRA. It is a great way with a buy and hold strategy to grow a retirement.
Starting off, especially if you suffer from analysis paralysis I would strongly recommend finding a good SFR to start with. Find something in a good appreciating market that is new or newer, and let that investment grow.
Please connect if you'd like to talk further about how to get started.
Best of luck on your REI journey.
Post: Finding a replacement for my 1031 exchange

- Real Estate Agent
- Cape Coral, FL
- Posts 293
- Votes 143
I totally understand the pressure of finding a replacement property for a 103. You want to find a deal better that the one you sold.
I would recommend looking to new construction in Florida. There is all kinds of talk out there about some areas of Florida being over built. This is not every market.
In many areas around Florida the Build to Rent market is still strong. Investors are able to get good incentives from the builders and they are also able to find good renters because it is new. As a buyer you would be able to own the property for the best years of the properties life, when it is new.
I work with builders that are building all sizes of property for all price ranges. we are able to find investors off market for their builds.
Connect with more questions or more info.
Post: Out of state cash flowing rental markets

- Real Estate Agent
- Cape Coral, FL
- Posts 293
- Votes 143
Welcome to BP!
You definitely found a lot of options. You mentioned that you want class A or B. One of the strategies that not many have mentioned is New construction. Take a look at Build to Rent. This way you can control the maintenance for the first handful of years. It also allows you to get better tenants because it would be new. Right now we have some duplexes that are now rented in your price range.
Feel free to connect for more information.
Post: Fully Rented New Construction Duplexes

- Real Estate Agent
- Cape Coral, FL
- Posts 293
- Votes 143
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Todd Anderson
District Manager
Florida Real Estate License
M: (651) 492-5652
E: [email protected]
W: Build2Rent.com
Schedule Now: 30 Mins Investor Consultation
Post: How long can builders keep up these ridiculous incentives?

- Real Estate Agent
- Cape Coral, FL
- Posts 293
- Votes 143
This is something that we are actively working with our builders to do. There are able to keep their appraisal price high and make the purchase much more attractive for the investor by offering incentives.
We normally push the builders that we work with to offer some type of interest rate buydown, some as low as 3.75%, and offer a package to the Property manager so that the investor can get free property management for the first 1--2 years.
This type of incentive will allow an investor to cash flow as soon as the property is filled. It also drives interest in Build to Rent and keeps the builders busy.