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All Forum Posts by: Daniel Scott

Daniel Scott has started 6 posts and replied 30 times.

Post: Evaluating a 9 unit apartment building

Daniel ScottPosted
  • Orlando, FL
  • Posts 32
  • Votes 8

@Michael Bracewell run the numbers, with $4k a month revenue and a list price of $535k you’re likely to only cash flow ~$120/unit ? Just an estimation didn’t run it myself. Personally for that amount of money you’ll spend I’d sim for at least $250+ per unit cash flow

I recently went under contract for a 5 unit commercial multi family property (5, 1/1's) in St. Pete. Looking for some contractors to come by and give us a quote. It's our knowledge that the bulk of the work needed is mainly to update each unit with new appliances possibly flooring. Please any referrals send my way.  

Also if there are any commercial inspection companies you would recommend please let me know. 

Thank you! 

@Tchaka Owen

Yea basically new smyrna area down to Melbourne beach. I know there are some restrictions across different municipalities so casting a wide net

@Account Closed   know any Property Management companies you'd recommend in the area specifically for short term rental? 

We're looking to put some offers down on condos in the Brevard county area, more specifically near Daytona Beach Shores. Hoping to connect with some property management companies to provide guidance on pros/cons on each area.

We're looking to put some offers down on condos in the brevard county area, more specifically near Daytona Beach Shores. Hoping to connect with some property management companies to provide guidance on pros/cons on each area. 

I appreciate the referral 

@Craig Yarnell

I'm searching for a Commercial lender in Jacksonville, FL for a 5-unit property loan to value of 20/80? Thanks!