All Forum Posts by: Bruno Almeida

Hi Shawn,

Port St. Lucie doesn't have any mutli-family homes however I do find homes with mother-in-law suites from time to time where you can have more than one tenant living in each unit. 

I'd say that's your best bet to make anything cashflow in Port St.Lucie. Rent's are relatively low and right now it's hard to find cash-flowing rentals unless you can find a creative strategy.

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Nicolaus.

Purchase price: $445,000
Cash invested: $22,000

Househacked and rented out all units

Hi BP Fam ,

I'm looking at a rental property I want to buy but don't want to put down the 20% on a DSCR Loan. Does anyone know any other options out there ?

TIA 

Congrats on the deal Luke ! House-hacking is life changing !  Once you have the adu rented out it might be worth paying the pre-payment penalty and refinancing into a longer loan. I'm also out of Port st lucie, I'll dm you and see if I can connect you to some lenders. 

Hey Ryan,

Interest rates are high right now but that doesn't necessarily mean it's not a good time to invest - or that there aren't great deals out there. Investors look for deals in any and every market, it may just require a little more effort in today's market. IMO purchase price is more important than interest rates. You can always refinance down the line and get a better rate but your locked into the purchase price. I would advise you to find a local reia and meet some investors who are flipping or buying rentals in your market so you can learn from them. Then you can decide if flipping or rentals are a better fit for you. 

I recently read that an amazon warehouse is opening up in northern Knoxville. Can anyone confirm ?

Anyone know of any other major developments in the area ?

Thank you all for this valuable feedback. I'm going to implement all of this in the hopes of getting this property cash flowing asap. Keep you all posted. 

With gratitude and appreciation, 

Bruno

What's up BP fam ! Hopefully someone can point me in the right direction. 

Last November, I purchased a rental property out of state with the intention of having a property manager handle everything for me. The house was recently renovated so there were no major issues. I signed with a property manager referred to me by the agent I was working with and everything was going great. The pm got a tenant in place for me and started collecting rent. My BP- cash flowing rental property dream had finally come true ha ! but as expected things don't always go according to plan. It's been a few months now and the pm has brought up so many issues from the tenant like a door knob replacement and window/fixtures that needed to be fixed etc, things all of sudden keep breaking and my profits are getting eaten up quickly. I also don't like the fact that the rent is deposited into the pm's account and then what's left over gets sent to me. What can I do to get the rent's deposited to me directly and then pay my pm myself ? I also want to know what can I do to make sure that the pm is in fact fixing these issues and not just making them up to increase their profits. I hate to sound skeptical but something isn't adding up. I appreciate any advice or best practices to make sure the flow of cash keeps coming my way ! Thanks BP ! 
 

Hi Mike, 

I'm kind of in the same situation. I work in Manhattan and also see a lot of value in Newark. Keep us posted on your progress! Good luck 

Hi Miguel,

I'm also lookin for the same thing! Best of luck to you !