All Forum Posts by: Brandon M.

@Jason Larson- I am going to try to call you tomorrow, curious to hear about your company and if I can utilize you in my current flipping ventures. I have a few projects going on currently and continue to acquire more and more. Not sure about a project manager, I am pretty hands on with all of my projects, but I would be glad to show you my projects and the process from start to finish. Let's chat tomorrow. 

Charles Salim I will send you a PM

Hey, is there anyone who owns an AirBnb property somewhere in North Carolina? 

Doesn't matter where, I just own a property in the mountains of NC (Franklin) and we are starting to rent it out to friends and family. We really want to get a simple rental agreement together even though it is just friends/family, so I figured someone out there might have a copy of their agreement that I could edit and use for my own. 

Can anyone help? Send me a PM, I would greatly appreciate it. 

You would/should do a 1031 to defer the taxes, but instead of buying another property you buy a DST. It qualifies as “like kind”.

Bite the bullet and replace it now. I always have better luck selling houses for top dollar when the biggest ticket item on the house is new/fairly new. Especially if your likely buyer is a young family taking out a conventional or FHA loan.

Asking $73k, needs a complete rehab, and only worth $110k when it sells? You might need a refresher on the 70% rule....

@Shannon Sullivan - I have a good real estate CPA in Clearwater if you would like his contact info. 

@Daniel A. Abreu - You really need to find someone experienced to pick their brains, learn what they are doing,etc. I still to this day lean on a few much more experienced (and successful) investors than me when I have questions. After awhile you will be able to walk through a house and get a pretty good estimate of rehab costs, etc. You also need a good investment real estate agent on your side so you can make sure you get your ARV pretty close as well, if you can figure out ARV and rehab costs then you can know what the house is worth buying for. There is a lot more I could advise on, might be easier to chat via PM. Feel free to shoot me one, I could help get you started in the right direction.

Hey @William Milligan - when I check the 'Realtor Only' notes on the MLS listing it shows "repaired sinkhole". How do you feel about sinkhole houses? Before I even checked MLS I was going to advise that you need to watch out for sinkholes in that area, it is known for those. Some people aren't scared off by those, some are.

And to answer your question, yes, you would want to walk the property before making an offer if at all possible. If not, make the offer contingent on walking through the house. 

If you want to chat offline feel free to shoot me a PM.

I have a couple for you, send me a PM and I will share a few I use frequently

@Arbi Boghoz - I just helped another investor with a rental just steps from MacDill, I will send you a PM and we can chat in more detail.