All Forum Posts by: Joe Petkauskos

Hey @Joe Petkauskos I'm an agent and an investor with 2 duplexes and a triplex. I could definitely give you some guidance on what to look for and how to avoid issues down here. I also see you're from MA as well. I am from Boston and have been down this way for about 16 years so I know most areas quite well. Let's connect.

@Ash Hegde thanks for the shout out!

Ray,

Thank you for reaching out. That sounds great.Small world Im from Shrewsbury MA right outside Worcester. Im curious to know more about your investments and where in south Florida they are located.

1 Vote

Fort Lauderdale, Florida

Quote from @Duriel Taylor:

@Joe Petkauskos, I would advise to get preapproved first. As an agent here and an investor with 74 rental units, it's important to know what you can afford. This will allow you to focus on the markets that fit your budget. I would be honored to help answer your questions and or address your concerns. I look forward to hearing from you soon.

Duriel,

Thank you for the advice. That Is the right place to start. Are your units located in south Florida?

0 Votes

Fort Lauderdale, Florida

Quote from @Mason Liu:

Without knowing your budget, it's a tough market here. Margins are pretty slim with small multifamily across most of SFL, unless you buy a good deal off-market. There's a good amount of small multis in Lake Worth. Good luck!

Mason,

Thank you for the input. Do you invest in the Lake Worth area?

0 Votes

Fort Lauderdale, Florida

I am new to the South FL, currently living in Fort Lauderdale FL. I am looking for an investment property more specifically a duplex or triplex. Im trying to figure out what part of South FL I want to invest in and I'm looking for some input from some of the current investors. I know prices have changed significantly in the last few years. I look forward to hear from everyone!

0 Votes

Fort Lauderdale, Florida

I’m wondering if anyone in MA or the surrounding areas have found portfolio lenders that will lend based off appraisal value rather than purchase price? I know banks like to have a 75-80% loan to value ratio, however.. I’m looking for properties that will appraise higher than my purchase price in hopes of putting little to no money down, while still having the same loan to value the banks are looking for. I’ve already called a few banks and all go by purchase price, I know there are some out there that use different valuation methods. Any and all information would be great. Thanks in advance

0 Votes

Hey Dan, I was just looking at threads in Worcester MA and came across your posting. Have you done any additional BRRRR deals in the area after this one? I'm looking to do something similar in the Worcester area. Thanks !

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@Hadar Orkibi Thank you for the input I appreciate the tips.

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I just signed up for BP pro membership and have been enjoying the rental calculator feature. I had a question regarding the Variable Landlord- Paid Expenses section. What is the best way to accurately estimate these numbers based on the area you live in ? (mainly repairs and maintenance & Capital Expenditures). Thanks in advance!

0 Votes

All Forum Posts by: Joe Petkauskos

Joe Petkauskos has started 3 posts and replied 8 times.

Post: Investing in South Florida

Post: Investing in South Florida

Post: Investing in South Florida

Post: Investing in South Florida

Post: Portfolio Lenders in MA

Post: Worcester, MA Multifamy

Post: Using BP Rental Calculator

Post: Using BP Rental Calculator