All Forum Posts by: Chris Grenier

Why would you stay away from Pine Hills @Yader Gomez? 

I think you should buy rentals before primary, remember... rent the house you live in, purchase the houses that earn you money. 

A residential property is not an investment, it's a liability for the most part. 

Won't give all my secrets away here :) 

Message me and we'll chat! 

For single family? 

PITI

Management (if applicable) 

HOA (if applicable)

After the hard costs, everything else is raining day fund IMO. 

If you live in on the unfortunate states where you gotta pay for all the utilities, then of course factor those in! 

Ok sounds like you are not building enough value to the Seller to convince them to sign on the dotted line. 

Gotta close!!! 

Whatever you do, do not push them to sign the contract right then and there unless they are super-excited because they will see right through it that you are trying to get the best of them. 

Always add an enormous amount of value to the sale for them (how you want to make the process so simple for them, how you have done this 1000 times and if they have any questions contact you 24/7, how you have the best title company handling everything so it goes smooth, send follow up & thank you cards and how excited you are to work with them and help them move onto the next stage of their life, etc etc). 

Remember they are trading equity to work with you, if you do not provide enough value they will immediately say yes to a big quick check, until their reality catches up with them. 

@Erin Legler hit the nail on the head with Reunion, Solterra & Champions Gate, all really nice area short-term rental (vacation) communities. 

In terms of where to invest @Rachel N. & @Yader Gomez mentioned, if you are lucky enough to find 3/2's below market in 32818, 32808, 32811, 32835 and 32805, those are the rental property gold mines.  

that is like a 30% cash-on-cash NET ROI...that would be an absolute no brainer, what is there to think about?

plus factoring in vacancy when there is a tenant in-place is not really necessary right? 

80% of my deals are bought sight-unseen because there is frankly not enough time to go to the property and arrange viewings etc etc (especially if out of state). If it is a good deal, it is important to move quick! 

if you are one to spend $10,000 for someone to teach you how to buy real estate, the likelihood is you will never buy any real estate