All Forum Posts by: Alex Balan

Are there any areas in Florida that still have multi-family properties in the $100,000 range? I would like to invest in several multi family properties but am concerned about investing in other states for 2 reasons. 1) I live in Florida and it is easier for me to check on different markets to gain a better understanding. 2) while I can find multi family properties in other states for much less that $100,000, I am nervous about how those markers will do in the long run. While no one can predict the future, I can tell you that most people would want to move to Florida than other parts of the country.

@Todd Pultz would like to connect with you as well please.

Port Charlotte, FL

@Peter Hagemann With 19 STR on Manasota Key I am guessing that the market is very good there. Are you financing these properties or paying all cash? We just bought a home in Port Charlotte on a canal. First 6 months have gone pretty well however, since we are financing, I am not sure if we will make a profit on the property. Summer time in Port Charlotte is very slow. How are the summers on Manasota Key in terms of bookings?

@Paul Sandhu. Stanley! That’s awesome lol. Our current home has done well so far. What I am looking for is feedback as to whether we need to find properties with a pool and waterfront or can we purchase properties without these amenities.

I currently own a vacation rental in Port Charlotte, FL. My main reason for renting it through AirBnB and HomeAway is to pay for expenses so that we can use the home also. We have done well our first 6 months with renting it so I wanted to see some opinions regarding purchasing other homes in the area to rent as vacation rentals. This home has a pool and is in a canal so it was more expensive. Is there a market for vacation rental homes without a pool and non waterfront? We do a good job of decorating and staging our home so that would continue. I would just like to purchase homes that are around the $120,000 range and in non flood zones to keep our costs down.

Thank you

I currently own a vacation rental in Port Charlotte, FL. My main reason for renting it through AirBnB and HomeAway is to pay for expenses so that we can use the home also. We have done well our first 6 months with renting it so I wanted to see some opinions regarding purchasing other homes in the area to rent as vacation rentals. This home has a pool and is in a canal so it was more expensive. Is there a market for vacation rental homes without a pool and non waterfront? We do a good job of decorating and staging our home so that would continue. I would just like to purchase homes that are around the $120,000 range and in non flood zones to keep our costs down.

Thank you.

What are the most profitable rental markets across the country and why? I am looking to invest in single family or multi family homes and, since my local market in SW FL is pretty expensive, I am considering looking at markets across the country. I would like to purchase several properties that could generate monthly income and reinvest that income into more properties.

I have hear of several cities in Kansas, Ohio and Tenn but I would like to know why those markets are hot right now in order to make an educated decision as to whether they will continue to be a steady source of renters in years to come.

Hello all. I am in the process of purchasing a SFH in Port Charlotte, Fl to use as a vacation rental. The home inspection turned up a couple of issues on this older home. 1) the breaker panel is located over the sink (behind a mirror) in the master bathroom. 2) there are no A/C ducts in the master bathroom. The property appraiser website has 2 bedrooms listed for this property but the home has three. The property appraiser website lists the home at 996 sq Ft but the listing says 1200 sq Ft. The layout in the property appraiser website shows the total area of the home (the rooms are not divided). It seems like the living room was walled off to create the master suite. Should this have been permitted? I don’t think that the breaker panel being over the sink would have passed inspection? If so, will I have an issues selling this property in the future? Thank you in advance.

Hello everyone. I am considering purchasing a property in Port Charlotte, FL to rent as a vacation rental. The inspector found a few red flags however. It is an older home, 1958, and there are no A/C vents in the master bedroom. The breaker panel is also above the sink (behind the mirror) in the master bathroom! The property appraiser website only mentions 2 bedrooms but the house has 3. The property appraiser website mentions 996 sq Ft however they are listing it as 1,200 sq Ft. The layout of the home just shows one large space and does not divide the rooms. I am thinking that it had 2 bedrooms originally and they then closed off part of the living room area to add the master suite. Did this have to be permitted? If it was permitted wouldnt it have shown 3 bedrooms on the property appraiser website? If I purchase this home will I have issues reselling it down the road? Thank you in advance!