All Forum Posts by: Benjamin Pekarek

Welcome to BP Vaishali! 

You've found the right place to start researching multifamily - lots to learn any direction you look. Check out the podcasts if you have time.

Good luck!

Eugene,

I'm a real estate broker here in. Central Florida, and specialize in acting as "boots on the ground" for both flippers (I oversee renovations), as well as buy/hold/lease investors. My team and I are fully insured, and I personally am bonded.

Would love to have a chat and see if our setup fits into your strategy.

-Ben

Kyle,

We're an investment brokerage based out of Sarasota, we specialize in investment purchases, and their subsequent management. We have a commission structure specifically for investor/agents. While you aren't able to buy or sell for others under this structure, you are responsible for only a transaction fee of $299, and a nominal $250 fee for our time in dealing with your transaction. If you have any interest, shoot me a PM, or give me a call.

-Ben

Ashley, 

To have a management company that manages another companies' properties, even if you own the management company, and the companies that own the properties themselves, you either need to charge a flat fee across the board for "management & accounting" with no leasing fees, referral fees, or any other kind of "fee", or you needed to be a Florida licensed real estate broker. If you choose to become a Broker, be aware that you need to carry E&O & Liability, and you need to register a physical location with the state as your office. Unless you rent an office space - that's your house. Do you REALLY want your tenants and anybody nosy & with enough knowledge to pull public records to know where you live? I know I don't!

Either get Buildium (or equivalent) and manage each property as an owner operator, or jump through the hoops of getting your real estate license. Being a flat fee management company in Florida is just asking for problems (FREC doesn't like them, and neither does the IRS!) 

Comment only, I'm not an attorney, and this is not legal advice. 

It depends on if you're a licensed realtor or not. Under Florida law, a landlord cannot give more than $50 to an unlicensed individual for a tenant referral. Period.

Are you a wholesaler, or an end buyer?

Christopher,

As you're in Orlando, google Trust Title Group (can't post their phone number), or PM me for it. Rebekah is a guru when it comes to creative financing documents, and their subsequent closings.

-Ben

Welcome to Bigger Pockets! Would love to hear more about your investment goals.

Welcome to Bigger Pockets! I'm always excited when I see somebody from my backyard join in the conversation. Do you originate your own notes? 

Enjoy getting plugged in!

Jordan, 

How much are you able to put into the deal, and how much experience do you have?

-Ben