All Forum Posts by: Jonathan Avellaneda

@Alberto Bustillo- that's a great way to start. I am looking at one here in Washington but prices are really high.

I started looking in Orlando area in the last few months as it seems to be a good opportunity. I noticed that there is some growth and opportunity in Polk County. Specifically Winter Haven, Auburndale, and Lakeland areas seem to be growing rapidly. I also looked at STR but they seem to be higher priced and require more time than i can commit to right now from a distance (I'm in Washington state).

My  suggestion to you is to determine what your dream and long term goal is and work back from there. You can break it down until you get to what you need to start now to get you there. 

Another option at your age is to find a job in the industry and learn while you earn. 

best of luck!

@Matthew Rojeski- did you end up selling your properties already? I am interested at talking if you still have any still. Thanks!

@Kelli Ward- I have received this affidavit as well today. Did you end up finding a solution to this? Thanks in advance. I received mine from Pierce County in Washington state, not sure where yours came from.

Thanks!

@Sherief Elbassuoni- for criteria I'm looking for 2-4 units , ok with some work to be done to get value add. Also looking to live in it for 3 years and then rent out so would need something that I could cash flow on once I do move out. 3/2 or 2/2 at least one of the units and the numbers would need to make sense for me to pull the trigger.

@Grant Schroeder thank you for the idea Grant. Unfortunately i have 2 littles so I wouldn't feel comfortable sharing a house with others. I have owened a couple houses before so I have that under my belt, but yes, finding multis in this current market is proving s bit more difficult.

Hi BP!

I am looking to house hack a MultiFamily in the Puyallup, Washington area and then in 3-5 years move to the Orlando, FL area and do it again.

I am looking to network with some folks that might have leads for some MultiFamily places in Puyallup now that might be able to help me. I have been looking at the ones listed on the MLS but things seem to be very scarce at the moment. I would not mind at all a little work to be done before move in so a small rehab would be great to get the best bang for my buck.

This will be my first investment property so looking forward to any and all responses.

Thanks!

@Thomas Lidie- i am looking for a duplex in Florida. Can you send me some info please?

@Scott Goulet i don't have any rental properties yet, but i understand the insurance industry as i worked in it for a long time. Rates will always increase with all the companies. As they pickup more policies their claims experience tends to get more expensive. With more claims they are required to have a larger amount of money on hand which causes the rates to go up.

You should be shopping any insurance annually. My suggestion is to find a good insurance broker and make sure that at renewal they are providing multiple quotes along with your current renewal. This will ensure that you are getting the best bang for your buck.

Once companies lose customers due to high rates, they then drop prices again to get people back. The best bet is to ride the wave back and forth. Best of luck with finding competitive quotes!

Hello BP family,

I am a new investor and currently live in Washington state. I have decided to invest in the Florida market. I am looking at the areas around Orlando, Tampa, and Jacksonville and am starting to look for a team of folks to be boots on the ground.

My question is: for those that have already started doing this, how did you go about finding the right agent, pm, contractors, and lender for your business?

Any help or referrals is much appreciated. Also, if you have an understanding of the area and know a good area to invest that i haven't mentioned in Florida let me know too as i am open to that as well.

Thanks,

Jonathan