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All Forum Posts by: Chris Witham

Chris Witham has started 3 posts and replied 17 times.

Hello and good afternoon from the space coast of Florida. I have a tenant whose lease is expiring and would like to renew. I inherited this tenant from purchase and have used property management in the past however I would like to manage myself. The lease is set to expire shortly and I am curious if anyone here could recommend a blank lease template that I can use for this. Greatly appreciate any guidance and wishing everyone a wonderful day.  Thanks.

I live in Merritt Island and I like it here. It is very competitive here. I have been making an offer a week or more for some time now and haven’t gotten one yet. It’s definitely persistence. I have my current home that I will turn into a rental. Trying to buy both an owner occupied property to move in to as well as another investment. Goal is 2-3 this year then 1-2 more a year for the foreseeable future but like I said it’s very competitive. 

Originally posted by @Priscilla Z.:

@James Tolson - welcome to real estate in Brevard! I think many of us investors can relate to how you feel. Actually, those feelings are what led to us being in this game.

My husband and I host a meetup in West Melbourne the third Monday of each month, if you are interested in coming please reach out to me and I'll give you the info.

 I would be interested in your meetup! 

@Kerry Baird if you have more information on local meetups I would like to know more. I am in Merritt Island. 

OP thanks for sharing. Great post. 

I live in Merritt island and am fairly familiar with Titusville. There is most definitely a part of Titusville that I would suggest avoiding. Also there is very limited inventory availability especially for multi family homes. I am curious why you chose Titusville. If it is solely for an expected appreciation I would suggest Cape Coral FL. I am somewhat convinced that is an ideal place to invest. Good inventory levels. Lots of people moving there. Good anticipated appreciation. Fair prices and one of the best rent to price ratios in Florida for an A/B neighborhood. If I was moving somewhere for the purpose of a house hack multi or future investing that would be where I went.  

@Ryan Robinson I am in a similar situation as you. My W2 job is strong and grants me a surplus of income and I have no intentions of leaving either but plan to invest in any property I can where I think there is long term upside potential. There are deals here on the space coast but competition is very tough. Cape Coral has seen and will likely continue to see epic growth. The difference on that coast is there is still empty space to build which has prevented flippable properties from being overvalued. There is money to be made in Brevard county but if I could pick anywhere in the state it would definitely be on the west coast. Lots of deals. Big expected appreciation. Cash flow being a bonus. There are even new construction duplexes selling well under $400k that cash flow. Empty lots on freshwater canals under 30k that have huge potential as population density increases. It’s a great safe clean neighborhood. Brevard has a lot of areas with high crime that I don’t like. Just my opinion. I do. Plan to invest locally but I think the other coast is the best in the state. There is even a turnkey provider that is a sponsor here that is doing new construction cash flowing houses out there. 

I used to live in New Hampshire. I now live in space coast area FL. If I could invest anywhere in FL and the distance wasn’t an issue it would be west coast as far north as pastor county and as far south as Naples. If I. Could pick only one area hands down it would be Cape Coral area for sure. Great upside potential for equity. Beautiful part of the state. Nearby the whole Fort Myers area is great.  properties actually cash flow but there is inventory to pick from. 

@Matt Leber thanks for the feedback. Like I said I’m not afraid to look at C neighborhoods just would prefer to spend more time on the deals in better neighborhoods. I am not a cash buyer but hard money and enough funds down to do a couple deals simultaneously should I find good deals. I would absolutely love port St. John. Probably one of my favorite neighborhoods for investment. Also I don’t mind a fairly heavy rehab as long as the numbers work out. Thanks for the guidance. Much appreciated. 

@Matt Leber I would love a deal at the price range you got yours at to be honest but I’m not afraid to put more in to a bigger deal as long as it can cash flow and is in a safe neighborhood. Section 8 areas would likely not be my preferred area but I’m willing to look at almost any deal. Thanks for any help you can offer. 

@Priscilla Z. thanks I won’t be giving up I’m fairly determined.