All Forum Posts by: Tony Blaine

@Villy Ellinger can you recommend a lender for a STR condo in PCB that you've had good ties with?

@Daylon Pritchett

In any niche of any business, you’re going to have people who agree and disagree with your strategies. Don’t let either stop you from pursuing what you feel and believe you can do.

With that said, the ones who don’t recommend rental arbitrage are just looking after you from their own personal perspective. There are people very successful in RA and those are the people you should listen to. Take the others advice as well cause it’s for precaution.

I believe we all have a purpose and calling to do what we feel inside we can accomplish. It’s different for everyone.

If you wanna do RA, and you believe you can do it, then you can find a way.

Just don't want you to stop doing what you believe in. RA does work, and it's risky yes, but so is putting 20% down on a home to use it as a STR vs just a few thousand to get in an arbitrage deal. Pros and Cons for both.

Bottom line is, no one is 100% educated in everything. People have different investment advice and angles based on experience. Just pick who you listen to and follow advice from in anything you do.

Great to find this thread...May I ask, How are you guys calculating the profits to see if properties qualify before contacting owner? Is there a specific formula you guys use? Also, recommendations on what tools for automation need to be setup so I can only focus on finding next properties without having to deal with guest issues, requests, check in and outs. Want this ops to be handled by a team and be automated. Thanks for any help on what tools you guys are using.

@Jim K. What are your thoughts when you eventually do get that lifelong renter who squats for several months before the courts force the renter to get out? If one can be smart enough to do this, can't multiple renters do the same and cause a problem in your NOI and returns?

@Pamela Sandberg thank you!

@Jim K. what a load of value. Opens my eyes to the truth in this situation. Thanks so much for the response!

Given that we are at the high end of the real estate cycle in most MSA's, has your criteria for multifamily investing in renter or landlord friendlier states changed? 

I think what you’re looking for is a financial model to analyze properties. There are free ones out there as well as ones you can purchase from multifamily mentors in the space. They’re spreadsheets where you plug in numbers based on T-12, rent rolls, offering memorandum’s, etc. Then you can make your assumptions using financing options and tweak scenarios based on your business plan. 

@Brandon Turner This makes for interesting convo especially when considering value add multifamily. If I was to find a multifamily deal that I did not want to syndicate, but instead, flip to another group who wanted to, what compensation should be considered fair for finding the deal and letting them take over? TIA

Hey @Brett C., I heard Orlando is a great place in 2019 to invest in MF. I'm also looking into that area. I'm from Las Vegas, but originally from FL and have lived in Orlando for many years. If you're looking at Value Add MF, Orlando may be the right place to start your venture.