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All Forum Posts by: Alex Coelho

Alex Coelho has started 2 posts and replied 7 times.

Post: Miami Market Sept 2021 Question

Alex CoelhoPosted
  • Accountant
  • Arlington, VA
  • Posts 7
  • Votes 2
Originally posted by @Malgorzata Sadowska:

STR condos could be an option and under $450k most likely a 1 bedroom. Happy to discuss which buildings allow STRs- there are a few AND you will (most likely) need at least 25% down - if daily rentals, DP goes up = more risk for the bank.

I personally love Little Havana - in addition the reasons mentioned above, it is also one of the non flood zone areas in the county; centrally located with lots of history, culture and character.

Trust this helps & happy investing!

Thanks so much for your input. Little Havana intrigued me given the price point of some of the SFH I've seen. We'll be in touch.

Post: Miami Market Sept 2021 Question

Alex CoelhoPosted
  • Accountant
  • Arlington, VA
  • Posts 7
  • Votes 2

Thank you @Eunice Villarroel for such a detailed response. I will definitely visit Little Havana to get a feel for the neighborhood. If you are around, maybe we can grab a coffee. Would love to pick your brain more on the area. 

Post: Miami Market Sept 2021 Question

Alex CoelhoPosted
  • Accountant
  • Arlington, VA
  • Posts 7
  • Votes 2

Hello all!

I'm heading down to Miami this week to scout the real estate market and wanted to get a sense of the market from folks on the ground. I've read that the area is a bit overpriced at the moment so this may not be a good time to buy. 

I'm also interested in anyone's opinion on Little Havana and the surrounding neighborhoods. There seems to be quite few single family homes for sale that potentially could offer as a good longterm investment. Do you see future growth potential in this area?

Lastly, my goal is to either to buy a condo that allows me to STR or single family home that I can house hack occasionally when I'm in the country. I know not all places will allow STR and still doing my research on the Florida & county regulations. My max on purchase price would probably be 450k but would like for it to be under 400k. Also, not looking for studios. Any guidance would be much appreciated.

Best,

Alex

Post: Secure Act & Solo 401k Deadline

Alex CoelhoPosted
  • Accountant
  • Arlington, VA
  • Posts 7
  • Votes 2

@Brian Eastman

Ugh.. I had misread the Act and of course missed the deadline. Tax is not my area of expertise so will have to see what my options are now. I may reach out to you this week. 

Thanks!

Post: Secure Act & Solo 401k Deadline

Alex CoelhoPosted
  • Accountant
  • Arlington, VA
  • Posts 7
  • Votes 2

Just want to confirm that the Secure Act extended the deadline to open a Solo 401k account to the tax filing date so April 2021? I've seen some providers stating on their website that the deadline to open an account is Dec 31, 2020. 

Post: REI Book Club - Washington DC

Alex CoelhoPosted
  • Accountant
  • Arlington, VA
  • Posts 7
  • Votes 2

I’m interested as well.

Post: Any investors in the DMV (DC, Maryland, Virginia)?

Alex CoelhoPosted
  • Accountant
  • Arlington, VA
  • Posts 7
  • Votes 2

Hello everyone! I'm new to the community as well and would be interested in a DC meetup. I don't have any real estate investment experience but do have some working capital. My day job is in corporate accounting and have been researching the opportunities in RE investing. I'm located in Arlington.