All Forum Posts by: Isaiah Cortez

Hello, BiggerPockets community! 

I'm currently exploring the Short-Term Rental (STR) market in Ft. Lauderdale and possibly the Pompano Beach area. I'm particularly drawn to the mix of year-round tourist demand, the beautiful beaches, and the proximity to major attractions.

That said, I’d love to hear your thoughts on how the market is performing these days. Are STRs in this area still delivering strong cash flow? Any specific neighborhoods you recommend looking into—or areas to avoid?

I’m also curious about local regulations for STRs. How strict are the licensing requirements, and are there any recent changes in city or county ordinances to keep in mind?

Any insights, tips, or recent experiences would be greatly appreciated as I plan my next move! Thank you in advance for sharing your knowledge. 🙏

I’m exploring investment opportunities in Melbourne, FL, and looking to connect with a knowledgeable realtor and property manager who can help me identify the right property for long-term rentals, mid-term rentals, or even STRs. Being on the Space Coast, the area seems ideal, especially with the demand driven by the space industry—my brother works at NASA and has mentioned there’s a high need for rentals. My plan is to hold the property for at least a year and then evaluate the best strategy moving forward.

As someone in a higher tax bracket, I'm also interested in leveraging STR tax strategies to maximize my investment returns. My strategy is to buy and hold, focusing on long-term appreciation and/or moderate cash flow. I'm particularly drawn to this area due to the billions of dollars being invested by companies like SpaceX, Blue Origin, Northrop Grumman, and L3Harris Technologies. With all this development, I see strong long-term potential in the Space Coast and Melbourne area.

Would love to hear your insights or get recommendations for local professionals who can assist!

Hi everyone,

I'm looking for guidance on setting up my LLCs to be as tax-efficient as possible as I prepare for my first multifamily property purchase. I’m a high-income earner and just received a substantial tax bill, so I want to make sure I’m getting everything right from the start.

To give some context, I currently own one rental property where my dad resides. My next step is purchasing my first multifamily property in Tampa, Florida, which will include tenants, as a house hack. I file my taxes in Florida and am considering setting up an Investment LLC, a Property Management LLC, and possibly another LLC for short-term and mid-term rentals. I'm also thinking about using an S-Corp or another passthrough entity for tax purposes.

I'm looking to scale my real estate portfolio, and I know that starting sooner rather than later will be more beneficial in the long run. Who should I be talking to for the best advice on structuring these entities to minimize taxes, protect my assets, and maximize my investment strategy?

Any insights or recommendations would be greatly appreciated!

Thanks in advance!

Hi BiggerPockets Community!

I am  embarking on an exciting real estate journey and looking for a knowledgeable and experienced CPA who specializes in real estate to help me set up my company, and ensure everything is structured correctly from the start.

I’m acquiring properties in both California and Florida, so it’s essential that the CPA is licensed in both states or nationally. Ideally, I’d love to work with someone who is actively involved in real estate investing themselves and can provide advanced tax strategies as I scale my real estate portfolio and associated LLCs.

Your referrals and recommendations would be greatly appreciated. Looking forward to connecting with someone who can help me minimize taxes and optimize my investments!

Thank you in advance for your help!

Hello Tampa Real Estate Community,

My name is Isai Cortez, and I'm eager to deepen my involvement in the Tampa real estate market with a specific interest in acquiring a fourplex by July 2024. I'm reaching out to this knowledgeable community to connect with fellow investors and real estate agents who can offer insights, share experiences, or point me towards potential investment opportunities in the area.

A brief introduction: I recently embarked on my real estate investment journey with the purchase of a property in California, April 2024 for $180,000, applying the BRRRR strategy to maximize its value. My father resides in this property and is managing the flip, leveraging his extensive experience in property renovation.

Financially, I bring to the table a stable annual gross income of $270,000 from my successful healthcare company, which will continue to support my real estate endeavors. I have allocated $250,000 in savings specifically for investments, aiming for a conservative down payment of 3.5% to 5%, depending on the deal and financing terms.

I am planning a visit to Florida in June to scout properties and gain a deeper understanding of Tampa's neighborhoods, including the greater tampa area. This visit is crucial for me to grasp local market nuances firsthand. I am open to properties that may require minimal renovations if the deal aligns with my investment criteria.

My long-term plan is to scale my portfolio deliberately, ideally acquiring multiple properties within the next 1-2 years. I am looking for guidance on navigating Tampa’s real estate market, insights into specific neighborhoods, and information on available multifamily properties. If you are an agent or investor interested in exploring potential opportunities or partnerships, I would be thrilled to connect.

I look forward to any advice you might provide and am excited about the prospect of potential collaborations.

Thanks everyone!

Hey BP community!

New investor here. I'm diving into the multi-family real estate game in Florida and could use some guidance.  

I'm looking to make strategic investments in multi-family homes in Florida, particularly in St. Augustine or Vero Beach. My ideal property would be in the range of $500,000, offering 3-4 units to maximize the investment potential. Any tips on the current market and what to watch out for in these areas? 

If any of you have experiences or insights into these regions, I'd love to hear your thoughts.

Please drop a comment below or connect with me. Excited to learn from your experiences!