New to BP

[Frank Francone]

Hello, my name is Frank and I am from the San Francisco Bay Area and brand new to BP. Interested in acquiring some multifamily housing (fourplexes primarily, but will look at smaller or slightly bigger). Currently under contract to buy a SFR and a fourplex in Miami area. I would like to investigate the Orlando market and other areas where the price to rent ratio is favorable. But I do not want to be all over the country. The fourplex I am acquiring (fully and nicely rehabbed) has a cap rate of 12% and with financing on it the expected ROI would be very good. Will also selectively consider jv with others on rehabbing deals, very selectively. Looking for a good property manager in North Miami at this point.