All Forum Posts by: Hector Sanfeliz

Hello Everyone, 

      I have some clients looking to rent something in Lithia, FL (Fishhawk ranch area) for August 1st through the end of September, Preferably furnished but unfurnished might work as well. If you have something available please message me with your the address, details, and your rates. Thanks. 

Does anyone here have personal experience dealing with reliable and professional contractors (that deal with investors) in Tampa Bay, FL. The few that I have experience with haven't turned out well. General contractors work but specialty contractors are welcome as well. 

What is your approach to calculating repairs for analysis purposes on an occupied multi-family? Is there a good number or percentage to use before you've had a chance to see the property as kind of a rule of thumb in order to narrow down properties relatively safely but not eliminate properties with potential? Do you break down repair estimates over a certain amount of time (as units become unoccupied) or just calculate it all in at the beginning?

Florida first and we'll see what happens next.

I've want to invest in my first multi-family property in here in Florida. The general concept behind investing in real estate as I understand it should generally be to buy a property with that will cash flow if the intent is to rent it out. The first problem that i'm running into is the mean sellers market that we are in meaning bidding low or even at asking price tends to fail. The second problem is that most multi-families in the area are distressed meaning I have to factor in some repair money in my calculations. The combination of the 2 issues makes every property look like a bad property before I even look at them even after I do a CMA. Anyone run into this before, if so, what did you do or what would you recommend.

Hey Everyone. My name is Hector and I'm new to Real Estate Investing. I am interested primarily in muti-family homes. I have read a few books and been to a few seminars but still have a ton of questions. I would love to build relationships here so we can help each other out.