All Forum Posts by: Jon Arambarri

Hey BP people,

I’m currently looking into building both short term and long term rentals. Back ground I work in construction management and this puts both of my niches together. 

I’m looking for land in the Orlando central florida region, and was wondering how to go about finding the deals on these. Are there agents who specialize strictly on land? I’d love to know more about previous experiences purchasing land, rezoning, etc. 

Excuse me i don't think i communicated my end effectively. I'm looking for either or, not both a HML and a PL. i have skin in the game and can fund roughly 10% of Total costs land and construction (including all hard and soft costs), what I'm struggling with is the the actual amount, many lenders shying away as it is just under 2 million total, and that i don't own the land outright free and clear.

As for experience yes as a development company this will be my first ground up, but as a an employee of a general contractor and builder for years, this is really not a complex project. 

Hello BP Forums,

Currently looking into stepping into a new area of developing multifamily townhomes in a popular and growing location. I work in construction and I'm comfortable doing so, especially when inventory is at an all time low. I have everything in place excluding the Financing, I've been looking for new construction loans but no one can end me because of my experience as a developer is "minimal" on paper. 

This has pushed me towards hard money loans, which although is takes a slight hit to my numbers they are still well in the green. However, I am having a hard time finding a private money lender as well, if there is any direction any one here could push me towards, any and all insight would be greatly appreciated!

Hello BP people,

Atypical question here. I am working on my next investments and although i want real estate, I would like to develop and build (as well as build) real estate. I work in large scale construction management and that is no issue for me, however zoning is.

I know zoning varies by county, but i wanted to know how hard it is to rezone land. I'm looking at a few different pieces of land but they are all zoned to be low density (R-T-2). Does anyone have any experience in rezoning land, the process, possible costs, and any experience in Florida/Orange county Orlando?
I know this isn't an easy one, but anything would be useful!

Thankyou again BP people,

Jon.

Hello all,

new investor here, currently one unit in, renovated and looking to possibly refi soon, and looking to pick up another property here shortly. Back ground in myself, I’m in large scale construction management recently and have been looking into building to rent. What experiences have you guys had with build to rent?  

Rather than buying, maybe rehabbing, or looking for my profits in there, I was looking at building some multiplex homes and appraising higher than what my loan amount would be. Have equity in and multiple units renting? Let me know your experiences! 

Thankyou!

Jon

So yes that is one of my options, however the rents in the area haven’t caught up to prices just yet. If I were to refinance I don’t think It would cash flow positive.

if I pull my equity from it I could move and allocate to some properties that are more cash flow positive. And have some extra liquid for any possible future dip in the market. I just don’t know how I feel about getting rid of a property. 

Hey y’all,

Bought this place in central Florida (Oviedo) just over a year ago renovated it nicely, it hadn’t had anything done to it since 1984. Looks great.

However I’m looking to possibly sell it now, the markets even crazier then when I got in it. Purchased around 210k and looking at about 290-310k right now. Should I pull out now with the possible recession hitting and lowering home prices?

Some background: I don’t think Florida prices will be too far impacted, however I have a room to rent from a friend for some time, it would lower my month bills nearly in half and give me money to put away (id have my CPA allocate the funds so they're not just sitting) to purchase multiple properties when the markets less of a sellers market and more of a buyers. I don't think it'll be a real buyers market soon, but at least better as the supply chain corrects and new homes are built.

Looking to expand into real estate further but this market does not leave a lot of room to purchase another place right now. I figure pull my funds and come back in 6mo to a year with more money in pocket ready to move on multiple properties in a more stable market and focus on more cashflowing properties. 

Thoughts?