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All Forum Posts by: Allen Motakef

Allen Motakef has started 11 posts and replied 37 times.

Post: Informal Mastermind in Newport Beach

Allen Motakef
Pro Member
Posted
  • Investor
  • Newport Beach, CA
  • Posts 49
  • Votes 14

Looking to meet other experienced investors in my area to share ideas/thoughts to help plan our next move in a rapidly changing RE market.

I’ve been involved in several types of RE investments, but my recent focus has been on residential rental property in CA, GA, and FL markets.

Due to interest rate hike and market slowdown, I have temporarily paused acquisitions but like to explore options and be prepared if the opportunity presents itself.

Let me know if you are interested to meet so we can coordinate a time and place.

Post: Build-to-Rent in Florida

Allen Motakef
Pro Member
Posted
  • Investor
  • Newport Beach, CA
  • Posts 49
  • Votes 14

@Tyler Gibson, thanks you for reaching out.  Absolutely, I would love to connect with the investor you know and compare notes.  It’s awesome to know that he was able change course and maybe even benefit more from the original plan. Having several exit strategies is one of the main reasons so many of us love real estate.

Thanks again,

Allen

Post: Build-to-Rent in Florida

Allen Motakef
Pro Member
Posted
  • Investor
  • Newport Beach, CA
  • Posts 49
  • Votes 14

Thanks for taking the time to chime in @Shawn McCormick. I totally agree that this strategy is very involved and difficult to do remotely and that’s why I’m looking to partner up with couple of local investors. To start I’m focusing more on areas closer to Orlando along Hwy 4 & US 27 (like Davenport) which currently has major growth. Let me know if you have contacts with expertise in these areas that I can talk to.

Thank again,

Allen

Post: Build-to-Rent in Florida

Allen Motakef
Pro Member
Posted
  • Investor
  • Newport Beach, CA
  • Posts 49
  • Votes 14

I’ve been investing in rentals for the last 15 years with properties in CA, GA, and FL and recently been purchasing single family, duplexes and quads in the central Florida area and now researching the Build-to-Rent model. My thought is that if can build under 150/ft and keep the total cost in low 200s, the initial cash-flow/return will not be great but can make up for it with scalability, low maintenance and better appreciation. I’m currently focusing on the Corridor between Tampa and Orlando (Lake Land area) and would love to hear everyone’s thoughts on this strategy.

Post: Looking for a Construction Loan in Florida

Allen Motakef
Pro Member
Posted
  • Investor
  • Newport Beach, CA
  • Posts 49
  • Votes 14

Hi @Rodney Menendez

I am looking at investing in new construction in Florida and may be open to invest in your projects.

Allen

Post: Out of state new construction

Allen Motakef
Pro Member
Posted
  • Investor
  • Newport Beach, CA
  • Posts 49
  • Votes 14

Hi Jennifer, 

What areas are you looking at for purchasing new construction? I'm also looking at purchasing new construction in the Tampa and Orlando area.

Post: Relocating to Los Angeles

Allen Motakef
Pro Member
Posted
  • Investor
  • Newport Beach, CA
  • Posts 49
  • Votes 14

Hi @Account Closed,

I'm also in OC and have been reseraching out of state investing (exchanging my CA properties). Let me know if you like to connect and compare notes.

Post: In need of a partner (or partners) for a few deal

Allen Motakef
Pro Member
Posted
  • Investor
  • Newport Beach, CA
  • Posts 49
  • Votes 14

Hi @R. Smith, Please email me the details. Thanks [email protected]

Post: Need Equity Partner / Financing for Fix & Flip in Escrow in FL

Allen Motakef
Pro Member
Posted
  • Investor
  • Newport Beach, CA
  • Posts 49
  • Votes 14

Hi @Paul Maloney, can you email me your terms and the property info?

thanks

Allen 

[email protected]

Post: Need financing to build 3 new contruction homes

Allen Motakef
Pro Member
Posted
  • Investor
  • Newport Beach, CA
  • Posts 49
  • Votes 14

Hi @Michael L., Please email me the details of your project including capital requirement and timing. Thanks [email protected]