All Forum Posts by: Jason Mileshko

I know it's always changing. Based on the little research I've been doing I hear that Florida and Pennsylvania are currently great states to invest in. Something to do with the ratio of the average income of the individuals living there to the current growth of the population. Have anyone felt this to be true? If not what State do you feel would be a great place to start an investment journey?

A little background on me. I'm from Boise Idaho and the market here is pretty insane. I've got a real estate agent sending me deals so I can get practice analyzing. I'd love to connect with investors in the area who would be interested in reviewing any deals I find. Because my capital is low right now I don't feel comfortable buying my first property where I live. I'd like to invest out of state with something smaller with a good cash flow to get going. Once I settle on a location I'd like to find an agent and start working with them to analyze deals in a very specific location. 

The short version of this would be:

- What states would you invest in and which states would you avoid?

- Based on my outline above, can you find any flaws in my plan? Would you recommend I change anything?

Looking to finally jump in this year and get a multifamily or investment rental I can use accelerated depreciation. But every deal I am finding is literally double what it sold for maybe 2-3 years ago with no major reno or just priced well above. 

How can I get my hands on a decent deal with a decent CAP rate? Seems like right now in my areas right now: Westchester County NY, New Haven County CT are just true shark territory and IM not a shark..... I look on loopnet, zillow, CL everyday but am running out of time.

Any insightful tips would love to hear them. Again the goal is to take advantage of accelerated depreciation for this year. 

Hi BP Fam! 

What is the best form of collecting rent from long distance tenants? I've read so many posts and I'm hesitant about using my personal Paypal account to collect and have read various negative reviews regarding erentpayment. I also think the rent amount is too high for a venmo transaction but I have the same concern for using venmo as I do for Paypal. Any feedback is much appreciated. 

Thanks! 

Hello everyone! I am looking to buy either single or multi family property in florida.

I am from Long Island ny and aren’t very familiar with florida.

I’m looking for either Naples, Cape Coral, port richey, Clearwater, Fort Lauderdale.

Any suggestions on where is the best place to put my $ in? If you have a different town in mind please feel free to share!

I see that syndication can allow you to acquire a larger property with investors that you know and trust well. What are the advantages of this as opposed to going it alone? Given the fact that there would be more hands in the pie and much less cash flow, it can take time to search for seasoned investors with a net worth higher than yours, let alone develop relationships with these people. Some don't want newbies tagging along and have limited patience in answering questions. How many out there were content to just dive in on your own, provided that you had enough money for a standard down payment?

I own a few SFH rental properties and have for years. Own my primary residence and have refinanced both so I'm familiar with the lending process/steps.
I’ve been looking at local multi family properties which has led me to portfolios.  I’ve read articles and watched a few videos but I’m still confused on the general process. 

I see a listing for 6 SHF together. There is a price and a pro forma. Say I like the numbers. I get a rough value for each individual property and decide I want to purchase. It’s listed on say realtor or loopnet. Do I treat this as a normal purchase and get funds, pre approval, contact agent?  Do I talk a bank and get a commercial loan?  What are my next steps to buy a portfolio as an individual W2 earner?  Thanks