All Forum Posts by: Allen Maris

Welcome! I'm just over the hill from you. There's a monthly meet-up in the Funk Zone. Set your keywords to SB and follow @Baird King and when he posts, it'll come up for you. He's done a great job growing it from just a few people. While I still have an investment in CA, I bought it in 2014 at the right time, and I've since moved investing out of CA because of the lack of cash flow. Lots of great info on here and you could also check out the Strategy book to help you find some focus. Happy to answer any questions I can help with.

I'm in SBC. 

Michael, 2-4 units is not that much harder than SFR. The loan process is simple as it's still considered residential. If you have a mortgage broker you've worked with, call them and talk about rates and requirements. The lender will tell you what exactly they'll allow and depending on the loan program, they can be different at different lenders.

The Multifamily Millionaire in the bookstore is a good one. Just keep in mind many of the books on multi are geared toward commercial deals, dozens of units. 

 Hi @Jeff Nash - thanks for the thoughtful response. I’ll reach out to Denver. 

Not exactly sure where to post this, so figured the general personal finance is a good enough place. As others are saying, I'm finding financial planners (both fee-based and commissioned) just don't have enough personal real estate investing experience to offer guidance for me. 

I fully advocate seeing a planner for overall, but expect they're going to say diversify, stock market, save save save, etc. In case this triggers a keyword for you and you're considering it, please do yourself a favor and see an hourly fee or flat fee CFP. As they say, if they're not charging you, they're getting paid another way and that's called a conflict of interest. I just experienced this with a financial advisor that sold someone a bunch of annuities and made a very nice commission but the investor made almost no money at all in the investments. Sad that the financial planner made about 300x what the investor made. 

Tangent aside, I'm looking for someone that can look at my holdings and help me figure out some paths to where I want to go, larger multi-family. I've been investing very part-time for 20 years, and currently own a couple SFRs, but had 5 at one point and I'm wanting to scale a bit more. 

Does anyone have any contacts or recommendations for what I'm looking for? 

Thanks for the input BP community!

Hello, I have the opportunity to buy a PUD in Oldsmar (Tampa suburb). 3+2, 1450'. It's in need of mid-level renovation to get it to market for sale or LTR. I'm looking for a great project manager or an investor that wants to get some more experience that can be the boots on the ground for me. I'm looking for someone who is a great communicator, willing to check in daily with me, check on the project during different contractors, help get bids, etc. Would start later this month.

I'm looking for an appraiser in Tampa, Oldsmar specifically, to appraise a PUD for me. Does anyone have one they like?

Thank you. 

Hi Isaiah,

I'm over in Satna Ynez and invest in MFR. There's a monthly meet-up in SB. This month, 16th 6-8pm at Third Window Brewery.

https://www.biggerpockets.com/...

@Baird King hosts it for everyone. 

It always seems like Zillow under estimates taxes. As a very early jumping off, I start with 1% of purchase until I can confirm the exact number. 

I’m sure there are some that cash flow somewhere or someone finds a steal but it’s pretty rare in this market. I’m holding on to my current properties because by the time I 1031 into an equivalent cash flow, I’m using all proceeds, adding some cash and then doubling my property taxes. 

Hi Heather, I'm in SY, I'm thinking I might know the property, 2nd? The market should soften some, but everything I hear from the experts is unless things really go sideways not to expect too much of a hit. At the end of the day, you have to look to see where you think your money is best served. If you don't believe in the market you're in, it's tough to love a property. Also make sure you include the increase in property tax when calculating if you haven't. I've talked to a few people that forget to include the higher taxes on a higher purchase as part of the equation.