All Forum Posts by: Cain McNeil

@Jay Helms Coming your way sir!

@Bobby Beard coming your way right now- thanks!

475 Harrison Avenue

Panama City, FL 32401

Fully leased- excellent cash flow in a great area. Completely remodeled. 

@Account Closed congrats on making the decision to get in to RE! The condos near Pier Park are not necessarily twice as expensive- in fact they are about the same price per square foot as the ones a few miles east and west. It all comes down to the location you desire- most of them offer great amenities as well. 

As far as financing or cash I am a fan of leverage as that is one of the biggest benefits of real estate. I have a handful of local lenders I can recommend as well. 

Please PM me your email address and I can send you some properties that may interest you. 

-Cain 

@Octavia Christian I have found most of my good deals through direct mail. I mail MF owners all of the time and if the property does not fit our acquisition criteria I broker the deal to other investors. 

Similar to @Nathan Platter's story our first purchase was somewhat of an anomaly. We bought a duplex that had sat on the MLS for a long time for being overpriced. We were able to negotiate the right price for the property, it cash flowed great and we sold it 14 months later at a price 55% higher than what we payed- I did my first 1031 exchange from that one into a 25 unit.

Congrats on deciding to take the first step @Octavia Christian! Please PM me with your desired area and purchase criteria. I find off market multis all the time and would love to help!

-Cain

@Bobby Beard Welcome back!

Off market 8 unit deal in Panama City, FL near Tyndall Air Force Base. 

All 1/1's and rent for $550- tenant pays utilities. 

$360,000

Message for more details. 

Welcome Chad! If you ever want to swing by my office (C21 Commander Realty) and have a cup of coffee I'd be happy to try and point you in the right direction. 

-Cain

Off market multifamily deal with plenty of meat left on the bone! 12 town houses for sale in Panama City FL. Current NOI is approximately $85,000 and 9 of the 12 units are below market rent- thus leaving your room to improve income. Ask price is $999,000. All new heating and cooling units, new metal roofs and interior/exterior cosmetic updating completed. Located in a great neighborhood across the street from a day care and single family homes nearby priced in the mid $200,000's. Truly a turn-key opportunity. Sit back and enjoy your CASH FLOW!