All Forum Posts by: David A Bailey Jr

I'm currently in Florida, but looking to invest in multifam in West Virginia.

I did a search and read some old posts from a couple years back. 

Curious how the market is doing there currently with the way everything is going right now.

Looking to connect with anyone local, works or invests there. 

Real estate agents, lenders, property managers, other investors, etc. 

I ain't picky. :) 

Looking forward to meeting you all 

Quote from @Sean Rooks:

I'll message you some

Can you message them to me too please, Sean? 

Thank you...

You might also want to look at Clearwater/Indian Rocks Beach (beaches about 30 minutes west of Tampa) or down in Sarasota/Manatee along the islands.

I was in a closing with someone the other day who said her boyfriend is making about $22K per month on a small townhouse. All the tourists want to walk across the street to the beach when they come to Florida. :)

I love the new look, simplicity, and stats...
I do miss having the vote button right up near the top though...

Hey Kusum! I'm in the Tampa/Clearwater area. 

I haven't invested myself yet, but I have been studying the market for Multi-Family/Income generating properties (Duplexes/Triplexes/Quadplexes). 

Because the market is so hot, they're producing about a half-percent monthly. I haven't seen much that hits the 1% rule as far as monthly cashflow. 

I've been hearing people say they are staying away from the coast and recommending Lakeland and Ft Myers areas for finding better/cheaper deals. 

I've been keeping an eye out in those areas. So, I'm just watching and studying the market here. 

If you are looking for something specific, let me know and I can let you know if I find something that might interest you. 

Feel free to hit me up with any questions.  

PS. On the flip side, I was at a closing the other day, and the seller told me that they have a small home (smaller than the townhouse she was selling) that's a short-term rental down around Manatee/Sarasota that generating about $22,000 a month

Solar power? My grandpa lived in Florida and heated his pool with solar panels which was nice in the winter. I know you've got the initial investment of installing it, but no ongoing monthly cost to worry about having to turn off when no one is using it...

Sweet, Dmitriy! Great list. Much appreciated. 

Thank you for introducing us Jay! She is awesome. 

It sure is amazing Jay! Thanks for the warm welcome to the community. I took a look at your profile and website. I love the video you did on the STR market. Informational and inspirational. Congrats and looking forward to chatting with you to talk real estate and shoot the breeze.

I was chatting with someone last night who is wanting to buy an STR in the Orlando area by setting up/using a self-directed IRA for the downpayment. Do you know of any lenders that work with a self-directed IRA?