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All Forum Posts by: Colby D Hollins

Colby D Hollins has started 13 posts and replied 48 times.

Post: Is adding a vinyl or wood fence worth the return on investment?

Colby D HollinsPosted
  • New to Real Estate
  • Fort Myers
  • Posts 49
  • Votes 18

I am considering installing a fence to my backyard. I would only like to do it however if I will see the return in my appraisal. What are your thoughts. Is it a good investment to get a good return on the investment or should I skip it because this will be a rental property in the next couple months?

Post: Does anyone have C.P.A. recommendations for FL

Colby D HollinsPosted
  • New to Real Estate
  • Fort Myers
  • Posts 49
  • Votes 18

Can anyone recommend me a good C.P.A. in the Florida land area. I can definitely do a good google search. But I have found recommendations to be a bit better. Thank you

Post: How to Find Heirs Abandoned Property Significant Equity

Colby D HollinsPosted
  • New to Real Estate
  • Fort Myers
  • Posts 49
  • Votes 18

I use white pages to help me find people or related family members that may have ties to the property. 

Post: Lehigh Acres Multifamily

Colby D HollinsPosted
  • New to Real Estate
  • Fort Myers
  • Posts 49
  • Votes 18

how is it going. I hope you get your offer accepted. I am currently in the fort myers area. I have my first property being rehabbed right now. If you are looking to connect DM me. 

Post: Young professional wanting a life change

Colby D HollinsPosted
  • New to Real Estate
  • Fort Myers
  • Posts 49
  • Votes 18

@Troy Scottaline

I'm not necessarily a doctor or in a higher end profession like yours. However, I have been a bartender for 10 years so essentially I knew almost nothing about real estate either. I'm still pretty new and I have only recently purchased my first investment property. I think this is just what you will need in your life (more free time with your kids). Just like anything there is going to be some risk, but the more you learn the more you mitigate that risk. A smart guy like you I'm sure will do just fine, but if you don't well at least you have your doctor degree to fall back on. Good luck my friend!

Post: Market Research & Area Analysis

Colby D HollinsPosted
  • New to Real Estate
  • Fort Myers
  • Posts 49
  • Votes 18
Originally posted by @Mike Kehoe:

This isn't the end all be all, but when I was starting out, I found Neal Bawa's free course  "Best Cities for Real Estate Investing" on Udemy extremely helpful. Here's the link: https://www.udemy.com/course/r...

Good luck!

Thank you! I will be using udemy for a lot more than just this now so it was very valuable I appreciate it.

Post: Market Research & Area Analysis

Colby D HollinsPosted
  • New to Real Estate
  • Fort Myers
  • Posts 49
  • Votes 18

@Cameron Braig

Thank you. I am gathering the metrics that I think is important as well as some that others find useful as well.

Post: Appraisal came in low on a 203k loan...now what?

Colby D HollinsPosted
  • New to Real Estate
  • Fort Myers
  • Posts 49
  • Votes 18

@Deanna Opgenort yes I still would want this property. I was able to get it at the ground floor and the area is in massive development. I work with a project management company and they are doing a massive development close to this property. Not only does it cash flow after all of my rehabs will be done. I am anticipating within the next 1 to 3 years I could see some great appreciation. The area I am in southwest florida (fort myers) is the top growing place in florida and top 10 in the country. Im pretty sure I will be solid in the long run and since i will still get pure cashflow I'm going to go for it. Thanks for playing devils advocate though always good to reevaluate my decision.

Post: Appraisal came in low on a 203k loan...now what?

Colby D HollinsPosted
  • New to Real Estate
  • Fort Myers
  • Posts 49
  • Votes 18

@Paul Welden I am in renegotiations now and I took a screenshot of this policy and I will definitely be asking my.lender about it. Thank you

Post: Appraisal came in low on a 203k loan...now what?

Colby D HollinsPosted
  • New to Real Estate
  • Fort Myers
  • Posts 49
  • Votes 18

@Steve Schulman it definitely does I will be shopping around for some lowered material cost. Thank you. Yes, the bank I think is going to lower there price to the original listed but I still waiting so fingers crossed.