All Forum Posts by: Devin James

Hey Brian O'Neill,

Another option is you can pay cash for the new-build, then refi in the future when *hopefully* interest rates are lower. This of course is a more conservative approach, but it will also allow you to see where the markets going before committing to something.

Best of luck!

Hey Sugunakar Reddy Bholla,

This sounds like a troubling situation that I don't think anyone can confidently answer other than an attorney. I would make sure to keep all records of communication and receipts & contact an attorney.

Good luck!

Hey J. Mitchell Bernier,

Here in Central FL, we just got a 30% truss reduction, as well as a lumber decrease. But don’t foresee many of the other trades lowering their prices simply due to the lack of labor.

Hey Thaliton Alves

I work with a great builder in Central FL. We're using them to build about 40ish homes in Brevard County. DM me for more info!

Hey Bryce Wolfe,

Typically, Air Bnb is more lucrative. The only issue is that it creates more of a job for the investor. With STR, there is significantly more turnover which usually leads to more issues. Finding a great management company should make that process easier. At the end of the day, it depends on what you're comfortable with. I personally prefer LTR simply because theres less turnover & issues, but I also self manage.

Agreed William Patsalis,

Usually it's more beneficial for an investor to get their license. Especially since the process isn't too time consuming or expensive.

Hey Lacey Burns,

I recommend lowering rent. You'll likely lose more money letting the unit sit vacant than you will lowering the rent.

Hey Philippe Monfiston,

I suggest saving as much as you can & attending your local meetup group(s). You can meet potential partners and learn valuable information.

Hey Thomas,

I always go with adding a washer/dryer to my units. Now having one usually lowers your tenant pool significantly.

 Im not too sure, I would ask a lawyer who specializes in this topic. You can probably find one here in BiggerPockets.