All Forum Posts by: Derek Stalhut

Thank You @Josh Shaughnessy! @Ciara Yerkey feel free to message me so we can connect.

@Tristan Beavers This sounds like an interesting property. Don makes a good point (above) if you want to message me I will forward you my lender's information as well. maybe he can help. Sincerely, Derek W Stalhut 

@Mickael Castillo Here on the Treasure Coast (Sebastian to Stuart) 250-300K is the low end of the market. You can find nicer homes in this price range if you don't mind living 15-20 minutes from the beach. (as of January 2023) properties in this price range that are centrally located are typically older with the need for renovation... Residential Multifamily sells for $200K+ per unit in nicer neighborhoods and 100-150K in rough neighborhoods. There are new build SFH options around $300K~ as well. Message Me if you want more info on this. Thanks and best of luck to you!

 Excellent Point Minna, @Mickael Castillo Definitely understand your exit strategy before you invest. 

 Hey Kevin, 

It's important to note the city has special ordinances regarding STRs. You can apply for a license with the city https://www.cityofpsl.com/ Saint Lucie County is More Flexible. 

Depending on who your ideal client is: (near i95 & the turnpike are great locations for commuters) (South Bend is the furthest south in Port St Lucie) (Tradition area is nice with a lot of amenities though you will likely have to pay an HOA) (St Lucie West also has many amenities and attractions) Note* Port St Lucie does not have a beach so if you are going to cater to the "Beach Rental Group" then you may want to consider Martin County (Jensen Beach or Stuart) Hope this is helpful!

Feel Free to message me if you have any questions.

Sincerely, Derek W Stalhut 

Interesting Article Thank You for Sharing

That’s Awesome!! I started at KW. Great People Great Place. Hopefully we close one together soon. Feel Free To Message Me if you have any questions. Sincerely, Derek W Stalhut 

Hi Brian, It's possible your friend will need to obtain a business/commercial loan for this enterprise. First, he may want to talk to a representative at the SBA. They have an office at Indian River State College Main Campus. Then, he may want to talk with a local banker or loan originator. There are a few I can recommend to you if you'd like to message me. Hopefully this is helpful.

Sincerely,

Derek Stalhut 

BTW: Which Brokerage are you with in Vero?

Hey Dwaine,

Best of luck with the project! Which neighborhood is it in?

Would love to see the project when it's finished.

Nice Job!

Derek

James, if I were you I would keep it! 30k gross each year in passive income never hurt anyone. If you do sell you are subject to capital gains tax. If you decide you'd like to buy another property you can always leverage the equity from this one. My friends who are the most wealthy Never Sell Real Estate. They just buy and buy and buy. With inflation at 7% these days cash is trash. Once you cash out you will be looking for another investment anyway. Might as well own a stable property that pays you the rest of your life. Also, the likelihood of this property being worth much much more than 10k in the next decade is very likely. I'm an investor here in St Lucie as well. Let's Connect! DM Me Please. Sincerely, Derek W Stalhut