All Forum Posts by: Blair Colsey

I've recently networked with some folks who have brought some private commercial development investment opportunities to the table. Does anyone have any experience with this type of investment? I know the advertised returns aren't guaranteed but 7% annualized monthly cash flow with upside of an additional 13-20% annually when the property sells, aligns well with my investment goals. The opportunity I'm considering provides some cash flow now and the additional return in 2-4 years with no selling costs. How does someone get comfortable that they're placing money with someone reputable and that the target returns are realistic? Any educational sources someone could point me to would be appreciated. 

I've recently networked with some folks who have brought some private commercial development investment opportunities to the table. Does anyone have any experience with this type of investment? I know the advertised returns aren't guaranteed but 7% annualized monthly cash flow with upside of an additional 13-20% annually when the property sells, aligns well with my investment goals. How does someone get comfortable that they're placing  money with someone reputable and that the target returns are realistic? Any educational sources someone could point me to would be appreciated. 

@Mike Dymski you sound like you're knowledgeable in this area. Any thoughts? 

@Mike Lambert my wife is Brazilian so I can get a CPF and should be able to take out a loan. I like your idea of short term rentals as I'd love to buy a place that I can use from time to time while having the mortgage covered with the rental income. 

@Ivan Figueiredo, I never ended up buying anything in Brazil as I've been focused on building my portfolio in the US. However, since you already own property in SP, you should be able to apply some of those learnings to buying another property. I'm happy to help you model it out as I'm interested in what the analysis will tell us but I need some more info. Feel free to provide this info here or PM me if that's easier. Basically, we need to know the following:

• - How much is a typical purchase price for a property in the area you'd like to buy in?
• - What are the lending terms in Brail? How many years is the loan for and at what % interest?
• - How much should we expect to pay for taxes and insurance?
• - What are average rents for a property in similar condition with the same bedrooms and bathrooms in that area? 
• - Based on your experience, what should we expect for maintenance expenses? My wife tells me that houses are built much differently in Brazil so what I usually expect for expenses could be much different from what you've seen if things break more or less often
• - What other expenses should we factor in? Community fees? Security? Vacancy? I know you said you've had 0% but is that realistic long term? Utilities?
• - Do you have a feel for what we should expect for appreciation in that area? 

Those are the pieces of info I'd need to get started. I'll probably have more questions once we get into it. 

@Alyssa Dyer not section 8 (at least not for the current property).

I'm 37, bought my first house (primary residence) when I was 30. I now own 7 units (5 single family homes and 1 duplex). I got started by bouncing around primary residences for a few years but never selling any of them. Since I was buying primary residences, I never had to put more than 5% down which allowed me to scale. Recently I've been able to use the cash flow and equity from the first few houses to fund my recent acquisitions.

I'm looking for suggestions on insurance companies and coverages for a rental property. Specifically, what companies seem to be rental property friendly and have good rates? Also, what are the must have coverages that have proven worth the money when you built your policy(s)? All of the differences between how companies build their policies make them really hard to compare! For context, I'm under contract for a SFH in Oklahoma City so if anyone has a local contact or suggestion, I'd love to hear them!

@Rhett Tullis I'd also be interested in understanding where those area are. Can I PM you for that info? 

@Max Filho thanks for the tip. I actually just got back from my honeymoon in Jericoacoara and passed through Fortaleza on my way. Do you own any property in Brazil? Can you let me know what the process would be to buy? My wife is Brazilian and I should be getting my CPF soon so I should be able to purchase something without too much hassle. Any thoughts on renting out the property or property management? I"m just at the early stages of researching so any info or resources you could pass along would be much appreciated!

@Carlos Bernardez what are your thoughts on Salvador beach real estate?