All Forum Posts by: Account Closed

Does anyone recommend a good commercial mortgage broker in Florida? I am going to invest heavily before the end of the year, and need good broker to help along the way

1 Vote

I am going to purchase commercial property in Florida(5 plus units), looking $400,000 to $1million, anyone have basic experience in this? I haven't dealt with commercial loan brokers/agents yet, do i need agents and brokers that deal specifically with commercial properties?

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Hello

Looking to invest in Orlando, i am a landlord with multiple properties in Tampa and Fort Myers, rental income, Need good agent

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Contact a real estate management company and have them deal with the tenants, repairs since you live there will be your responsibility, but the management company will ensure payment, eviction if necessary... gives you breathing room to do other things

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Can someone please recommend me a good michigan agent who will not give me poor areas to invest in, but can show me cheaper areas that have flipping/appreciation potential

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Originally posted by @Ted Tackeberry:

What do you call "cheap buy in and good potential"?

Hello Ted,

I mean low prices and in an area where flipping is possible along with expected appreciation

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Originally posted by @Tamer Y.:

Detroit has poor and rich areas. north of 94 Highway is not safe and is not a good area to invest in. On the other hand, if you go though on Woodward closer to WSU, you will see prices going up and units that are as high as any rich city.

There are areas such as Wixom and Redford that are growing now like crazy, but you have to know that there is a "strong" competition and anything that comes out in the market, the next day it has multiple offers from local investors and you will be lucky if you put your hands on one.

Good luck

I just need a good first investment in the state that is not expensive

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Originally posted by @Courtney M.:

There are tons of markets in southeast Michigan (if that's the area you're interested in) that are not Detroit. Wayne, Westland, Livonia, and Redford are all blue-collar cities that are accessible to Detroit. Inkster is iffy. Neighborhood is key.

Yes, do you know a good agent?

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Originally posted by @Bruce Scannell:

Hi @Account Closed, when you say you looked in Detroit, did you visit? There is definitely regions of high crime, but also areas without. Similarly there are areas where you can get a house for $100 and others where a condo costs $150k. What I’m trying to say is, you can find all types there and in surrounding sub markets, but it depends on what exactly you’re looking for. So what does “good potential” mean to you and what level of risk can you tolerate?

I am looking for an area of town where we can expect appreciation, schools don't have to be good since it will be a unmarried couple moving there, and just overall a good investment a good first step in the state

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Get some real life experience, books are only good along with hands on experience at the same time otherwise you cannot truly learn it

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All Forum Posts by: Account Closed

Account Closed has started 33 posts and replied 171 times.

Post: Commercial Mortgage broker lender in Florida

Post: Commercial investing(5 units or more) Question

Post: Investor Friendly Orlando agents

Post: Rental lease agreement for roommates

Post: Michigan Agent needed

Post: Michigan for flipping & investing in cheap real estate

Post: Michigan for flipping & investing in cheap real estate

Post: Michigan for flipping & investing in cheap real estate

Post: Michigan for flipping & investing in cheap real estate

Post: How can I get a head start on real estate as a minor