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All Forum Posts by: Ashek Elahi

Ashek Elahi has started 2 posts and replied 3 times.

Post: Is Florida a good market to start a STR

Ashek Elahi
Posted
  • Investor
  • Connecticut
  • Posts 3
  • Votes 4
Quote from @John Underwood:

If you could find someone that would owner finance a property. A fixer upper would be more likely to get a deal on.

Certain areas like Orlando are very saturated and therefore competitive to keep rented at a good price.

Research insurance premiums because they have gone through the roof in Florida and other areas. Some insurance companies will not even write policies in Florida anymore.

Your best deals will not be on Zillow or MLS and won't be a turn key property.

Look for distressed properties and motivated sellers.

Probate

Divorce

Behind in property taxes

In Preforeclosure

vacant properties

Code enforcement issue properties

etc


 Thank you for the information I really appreciate it. I will start looking more in to those list and hopefully find my next deal. 

Thank you! 

Post: Is Florida a good market to start a STR

Ashek Elahi
Posted
  • Investor
  • Connecticut
  • Posts 3
  • Votes 4

Hey everyone, I am looking for information about Florida market, seeing how the houses are so pricy (Dania beach, Hollywood, Miami area)

what would be the best strategy to start a STR with out having to fork out all my savings in one property. I been making calls to houses thats been on the market for 60days or more but nothing is working. is there anyone that is currently doing STR in the FL market that can give some tip where would be a good place to start and what I should expect.

Thank you in advance. 

Cheers! 

Post: Newbie investor starting BRRRR

Ashek Elahi
Posted
  • Investor
  • Connecticut
  • Posts 3
  • Votes 4

Hi there, 

I am a new investor, started my journey with my wife back in 2022 we house hacked our first property in new haven CT.

I am currently having a hard time finding any good deals in my market everything is so over priced and goes way above the 1% rule, I even made some low offer on the properties that I thought would be a good fit for BRRRR however offer never gets accepted or someone else over bids.

My question to the group is what is the best way to find a distressed property? how can I utilize my realtor to find off market deals? any suggestions is greatly appreciated.