All Forum Posts by: Brandon Keys

Great episode with Florida commercial real estate developer Joshua Pardue! Check it out on Spotify

@Christina Nalband hello Christina! I’m a rookie investor in the Tampa area with one duplex I’m currently house hacking in Seminole Heights. I know some great contractors I can refer if needed depending on the project! Would love to connect

@Grant Sadowski hi Grant and welcome to the area! I’m a rookie investor with one house hack under my belt in the Seminole heights area. I’m always looking to connect with other investors, let me know if there’s anything I can do for you!

@Thomas Reid I live in the Tampa area and currently have a house hack in Seminole heights, the market has gone crazy here though so you may be priced out of Seminole height as of right now. Ybor is good and fun but can be a little sketchy depending on the area, they are cleaning up the area though so that might be a good place to look. If you can’t find anything in the Tampa area, St. Petersburg is a little more affordable but I don’t quite know the area there as well.

Hi Steven, I appreciate the interest! Unfortunately the deal that I had asked about already has a pending offer! The market is definitely hot here in Tampa!

Hello, I am a fairly new investor but have been actively looking for another deal. I have come across an 8 unit apartment complex for sale in the neighborhood in Tampa, FL that I currently have my only investment property in. I know this neighborhood very well and know that the rent the current owner has the tenants at is under market rent. The current owner has put the property on the market for $920k and the property is 8 1 bed 1 bath units at 800 sq ft. The rent the current tenants are at is 5 units at $750 and 3 units at $800 bringing the overall rental income to $6150. The current market rent is about $1000 and some smaller units are being rented for $1050 bringing the potential market rent to about $8k. This has a gated parking lot with two spaces in each unit. 

According to the listing agent, the current owner would like to sell this property to purchase a larger apartment complex. I have other stock investments that I could liquidate to get close to 10% down but would like advise on other methods of financing if anyone has suggestions! Also how would you go about valuing the property? I have seen places that value commercial properties based on the rent, is there a way to value it similar to single family and small multi family?