All Forum Posts by: Adrian Castillo

do these spot cash flow? and how does it look like from a cashflow perspective? if it doesn't cashflow, do you see a market for turning the other unit to a STR/MTR?

Good evening! I am in search of Landlords in the South Tampa/St Pete/Clearwater area that are open to an AirBnB Arbitrage Agreement. I am willing to negotiate terms of the agreement. I am a young entrepreneur eager to get more involved in the short term rental business and willing to learn and network with as much people as possible. Please reach out or refer me to anyone willing to give me the opportunity to make this happen!

My brother and I are currently in a rental lease paying $1500 in Portland, Oregon and we are looking to get away from being renters and get into the game of house hacking. between the two of us we have about $60,000 as well as looking to potentially move to a cheaper state. we currently are looking in Florida or Texas. we have family in Utah that we could stay with while we try to find a house. Is it worth it to break our lease which would cost monthly rent plus 1.5 times the rent to a total of around $2,242 and start now or better to start later when our lease ends in march of 2024? 

I list one SFR in Plant City and disappointed: the pretty house located in a very nice community but 1)not so much applicants; 2)few scammer and under 500 credit score for all applicants; 3) never show up once I said will check the credit score and income. This rental is over $2300 per month which under Zillow estimated price.

I like Plant City and planned to buy more properties in Plant City. I started to question myself: will the future properties have difficulty to be rented with quality tenants in Plant City?

This is my first time to list a rental in Plant City. I personally like Plant City better than Riverview or Brandon. It is easy to rent out a property in Riverview or Brandon but much fewer qualified applicants in Plant City.

Can you share some experience of Plant City long term rental market? Will the >$2000 per month rental too expensive in Plant City?

Thanks.

Huiping

Need help with rental property I have in Tampa and advice 

33610 zip 

I purchased house I. Neighbor hood , don’t know if to sell or rent it

I am investor from the midwest, looking to set up an operation in the area flipping about 12 houses a year.

I am looking to connect with investor friendly agents to help with finding properties, comps and listings.  

Thank you.

Hi!

What are your thoughts on targeting certain expired listings for wholesale deals? And if necessary, offering to pay off the sellers listing agreement with agent?

This strategy was suggested to me and I wanted to know if this sounds like it is something that could work out for all parties involved.

Of course, I would first reach out to the agent to see if they would be willing to pass off older leads.

I’m still new and taking notes and curios about different approaches to my investment strategy.

Thanks for the help! <3

Yep...the FEMA 50% Rule. I'm also in East Hillsborough...howdy neighbor. Is the property in Hillsborough County? Head to the property appraiser site (hcpafl.org) and pull up the assessed value for the STRUCTURE ALONE. That is what they use to determine the 50%...not the appraised value of the total property...only the structure. It can really bite you in the behind. If you can't renovate it for 50% of the tax-assessed structure value or less, then they will require you to tear it down and build to current code. Before others start piling in about the value used, that is how the Hillsborough County and City of Tampa officials gauge the property structure's value for calculating the 50% rule. I've done rehabs and dealt with them...trust me I know. Let me know if you have any other questions. Doug

Hello, my friend has a single-family house in St Petersburg, Florida which we invested together and renovated.  I will purchase the house as my primary and was shopping around for homeowner insurance policy. However, as you know, it's getting very difficult to find an insurance company to insure in Florida.  Also, the roof is more than 10 years old in a great condition but some insurance companies are saying they can't insure unless it's replaced.  Please let me know if you have any recommendations for an insurance company that's reasonable.  Also, would I be able to get umbrella insurance in addition as well?  Thanks.