All Forum Posts by: Zoerene A Mitchell
Zoerene A Mitchell has started 4 posts and replied 12 times.
Post: Starting New Investor seeking Creative Financing advise guidance
- Posts 13
- Votes 3
Hello: First thank you all for your time! I am new to the investment arena but ready to jump in, located in Tampa, FL. I am currently looking at a Multifamily, 6 bedrooms, 2 bathrooms, built-in 1984. Currently occupied with several long-term tenants of 15 years, 6 years, 3 years, and one new tenant. Current rent collection for units 3601 and 3603 is over $45,000 annually according to the owner. Each unit is 3/1 and has a total square footage of nearly 1100 sqft. Units 3601 and 3603. This is a "Sale by Owner" and is selling both together and wants $299K for each duplex. Seems they purchase in 2018 for $165K.
Comparables: 11Properties $206,655Avg. Sale Price122 Days on Market. Driving by the unit, the neighborhood seems to be a "C" Community. Unable to view the interior of units. potentially could be able to increase the rents.
My question is, would it be possible to locate "Creative financing" such as potentially offering "Seller Financing", etc. not sure of all the available financing without any monies out of pocket, still learning in this new journey, thank you.
Post: New Investor in the Tampa, FL Market
- Posts 13
- Votes 3
Hello BP members, new investor looking to connect in the Tampa, FL location; my real estate goal for 2022 is to acquire 2 properties per month doing the BRRRR strategy as I am behind on my retirement goals and need to be aggressive to retire in 2 years:) Currently own my home and plan to get out of my current FHA to a conventional by next year March, locate a multi-unit I could potentially hack for 12 months using another FHA. Looking to network, connect, add value where I can, etc. thank you.