All Forum Posts by: Jodey Rifenburg

 Hello @Eric Smith…I am a certified builder here in the panhandle of Florida. I've done exactly what you are wanting to do over 20 times. I've built my own SF, MF and designed STR and have been successful within all three but they all take work and risk. If you are new at new construction and have some ideas on what you want to do, like your plans/designs and what type of lifestyle you are willing to navigate. You need to know that you can take care of your financial situation and really talk out what you think is a great financial situation before you "jump off the cliff" with people who are where you are wanting to get to. There are quality people out here but you need to educate yourself before, during and after they take their time to mentor you. A great mentor is the best investment only second to your own knowledge and education. You can not do one without the other. If I was to suggest to you anything is that you are in the right place…the market is very tough but there is still a lot of money out here so don't stop. Start with something you know a little about and just build on it. I'm going to request to follow you because I'd like to watch your journey.

Welcome. I am in the panhandle of Florida and have 3 new construction duplexes on the market that I just completed. They only Cap at 6.5 LTR and 10.5 MTR/STR let me know if you would like details. Otherwise, this is a great place to meet and connect.

Investment Info:

Small multi-family (2-4 units) commercial investment investment.

Purchase price: $1,700,000
Cash invested: $425,000
Sale price: $2,100,000

Just wanted to drop a quick note about an incredible opportunity in Panama City Beach – three fantastic duplexes are up for grabs! Due to the market shift, my loss can be your gain.

These properties are currently on the market, presenting a golden chance to make a smart investment in the vibrant Panama City Beach real estate scene. Whether you're looking for a solid investment or considering a new place to call home, these duplexes might be exactly what you need.

Don't miss out on this advantageous turn of events! If you're interested or have any questions, feel free to reach out. Let's turn the market shift into a winning move for you!

buildingsitesolutions.net

Hey there, BiggerPockets family! I'm Jodey Rifenburg, and I'm thrilled to join this incredible community of real estate enthusiasts and professionals.

A little about me: I've been deeply involved in the world of real estate investing and building for the past few years, constantly learning and evolving in this dynamic field. It's been an exciting journey, and I'm eager to connect with fellow enthusiasts, share insights, and gain valuable knowledge from this vibrant community.

Lately, my focus has shifted towards understanding and mastering the art of calculating cap rates—a critical skill, especially as I set my sights on venturing into multifamily properties. The world of multifamily investing is both challenging and rewarding, and I'm excited to immerse myself in this new chapter of my real estate journey.

Currently, I'm working on optimizing the cap rates for three duplexes. It's a fascinating puzzle, and I'm navigating the intricacies of property valuation, expenses, and potential income to ensure I make informed decisions for these investments.

One challenge I'm actively tackling is finding the best platforms to market my properties. While the standard MLS platforms are undoubtedly valuable, I'm curious to explore innovative strategies and platforms beyond the mainstream. If anyone has insights or experiences to share on effective marketing strategies for multifamily properties, I'm all ears!

https://youriguide.com/2821_susan_ave_panama_city_fl/

3 available! Just listed today. Discover a unique investment opportunity with our 6-bedroom, 4-bath duplexes in Panama City Beach, just 2 miles from the stunning Emerald Coast.

They are on MLS at $739,000 each but I listed them as a limited listing. 2.75% for buyers agent commission and also $10,000 in buyers concessions. If a cash offer without the buyers agent we can split the lawyers fees instead.

I am the builder so ask away. 

I have a building company that specializes in STR/LTR designs and upgraded spec SFH and MFH. I'm learning a great amount from others and am growing towards the need. We also own a maintenance management company for STR to assist in less down time for rentals in the PCB area and we are branching out to the STR management opportunity in the near future. We would love to cultivate these three duplexes to be turned into a business so it can be sold as a business and not just beautiful opportunities.

Check out our new design for "no impact, low impact" STR. Next time you are in PCB it would be a great option.

Thank you Sloane. 

Thank you @Account Closed. I’m really that new at these items. I’ve been in business for almost 5 years and I just make money and pay taxes. This year I have a better idea of how much that will be so I am now starting to look so I definitely appreciate your suggestions. I brought these items up to a CPA in my area and luckily I didn’t sound like I just had no idea as to what I’m looking to accomplish. I’m researching all of your items individually to see which ones will pertain to me and my businesses. Thank you again!

@Chris Seveney thank you for your response but we can only be as good as the circle of people we have on our team or we must learn more. I’m okay paying some taxes, as it is part of the right of passage to make money, but I’d like to know if there are more defined options. There are financial advisors but not everyone in this forum have a dedicated financial advisor or one that we think we can 100% believe they have all of our best interests in mind. From my understanding, in a 1031 exchange I have to rent out a new construction or remod and show income to qualify, which could be a possibility, but it is only an option for some funds to have tax deferred. What happens when your profit is over $700k to 1m…I can invest into a ULI after tax or my $68k max to my SEP pre taxed…but what secrets are we supposed to know after we have done all of those things? I do not mind researching new suggestions or talking with someone you have experienced that have helped make you successful in decision making on things that mater specific to reinvesting into yourself or others that can help make less of a tax burden. It seems to be on the news all the time so I am just trying to learn the “kept” secrets.