All Forum Posts by: Jesse Hargrove

Question:

I have a decision to make and would like input from experienced investors. I purchased a SFH 3 years ago. It has appreciated 50,000.00. The tenants are long term tenants possibly willing to stay 10 or more years. The home is within walking distance of the school for their children. My property manager has confirmed their desire to stay long term. My first options is sell and reinvest in 2 more homes. Down side is losing great tenants and paying commission for home sale. That would bring me down to 38,000.00 profit. Second option is taking a non-recourse loan and purchasing another home with the money. The non-recourse loan is my only option because I have a self-directed IRA as partial ownership. Any advice would be appreciated.

Thank You all for welcoming Me to Big Pockets.  I am not into social media. but BP is a great site to see and hear how other real estate investors are doing.  

Cape Coral is beautiful area. John Is right the water and sewer assessments are steep. The taxes don't look to bad to me. But I am from New England and you might pay 5000.00 for a house worth 200,000.00  I am not sure that there are any great deals left on the cape. I am buying 3 bedroom 2 bath homes. That are less that 15 years old. I am looking at quality homes that I believe will appreciate over time, and have a good cash flow.  I am closing on my 2nd property this month.

My first concern was not paying the water and sewer assessments. In cape coral it passes on to the next buyer. That was a tough pill to swallow on my first deal.  If there are any real estate investors clubs in the cape I would like to know. I usually come down 2 times a year.  I do have a JOB

that takes a big bite out of my time.    

Hello I am a new investor. I have looked at rental properties for many years. I bought my first property 2 years ago. I am looking for any new contacts in SW Florida. I am loving Big Pockets.

The Podcast's are great.  I live in New Hampshire and am focusing on Cape Coral area. It is a growing area. I have a great team there. If anyone would like to talk I am looking forward to making 

contacts.  I own SFM's,  But are looking into mulit family's any advice on the pros and cons would be welcomed. 

the best way to avoid risk is to pay cash for your properties. Sure the market might go up and down

but the rent will still come in. If you have a vacancy that will cost you on your return. I have never seen a foreclosure on a property that was paid for. You only have to look back 8 years to see what happened to investors that used debt to finance there properties. This is just my opinion I own 2 rental properties both paid for. You need to do your home work.