Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Jonathan Pechmajou

Jonathan Pechmajou has started 12 posts and replied 21 times.

Post: Buying multi-family properties in Cincinnati, Ohio

Jonathan Pechmajou
Pro Member
Posted
  • Investor
  • Boca Raton
  • Posts 22
  • Votes 5

My business partner and I are actually working the Cincinnati market for 5-39 units properties.  We haven't gotten one yet so we're still proving our assumptions
The reason we chose this market is:
- My business partner lives there and has over 30 rentals.

- It has diversified economy with employer like P&G, Kroger, Fifth third bank. Diverse jot sectors like healthcare, logistics and education.

- Landlord friendly laws

- High Cap Rate 6-10% for Class C, which is what we're seeking

- Low Vacancy 4-6%
- Affordable Prices

- Population steadily growing

We shall see if we're right or wrong :)

Post: SEEKING Equity Partner - 88k for a 13% COC Return - Florida Market

Jonathan Pechmajou
Pro Member
Posted
  • Investor
  • Boca Raton
  • Posts 22
  • Votes 5

@Chris Welch DM sent

Post: SEEKING Equity Partner - 88k for a 13% COC Return - Florida Market

Jonathan Pechmajou
Pro Member
Posted
  • Investor
  • Boca Raton
  • Posts 22
  • Votes 5

Hello  -

We're currently seeking an Equity Partner on a 1999 3/2 Single Family Home in Ocala for an 88k Entry Fee and providing 13% Cash on Cash Return for the Equity Partner

The Property is under contract Subject to a 2.75% Mortgage on it

Exit is a Lease Option that converts into a Wrap after 3 years ( 6.55% Interest) amortized over 40 years.

Equity partner will receive 100% Cashflow until Principal is paid back, 40% of the downpayment, 40% of equity on top of the principal and 40% of depreciation.

We have the full package for review.

COE is 9/7/24

Post: No Application, Rental property

Jonathan Pechmajou
Pro Member
Posted
  • Investor
  • Boca Raton
  • Posts 22
  • Votes 5

Team, one update I dropped the price to $4,700 / month unfurnished and got a tenant the next week. 
Thanks yall for all your advice. This community is awesome :)

Post: No Application, Rental property

Jonathan Pechmajou
Pro Member
Posted
  • Investor
  • Boca Raton
  • Posts 22
  • Votes 5

Rentometer shows $5000 average in this community, there is a rent comp that closed in February for $4600 with less updates and less square footage

22324 Rushmore Pl, Boca Raton, FL 33428

Post: No Application, Rental property

Jonathan Pechmajou
Pro Member
Posted
  • Investor
  • Boca Raton
  • Posts 22
  • Votes 5

Thank you so much for your answer. I totally see your points and it makes sense.

Based on the comps I found. Rent unfurnished seems to be $4,700 per month. Did you find something else?

Post: No Application, Rental property

Jonathan Pechmajou
Pro Member
Posted
  • Investor
  • Boca Raton
  • Posts 22
  • Votes 5

Hello -

I have put my house on the market for the past 16 days on the MLS for rental. It's also on zillow, redfin, realtor, trulia and facebook market place.

It's fully furnished. I added a 25% premium compared to comps in the area because of that.

I have had 0 applications or contacts.

Wanted to have a second opinion on my listing see if I'm missing something.

https://www.zillow.com/homes/22139-Cressmont-Pl-Boca-Raton,-...

Thank you

Post: Sub2: Transforming My Real Estate Game with Pace Morby's Mentorship

Jonathan Pechmajou
Pro Member
Posted
  • Investor
  • Boca Raton
  • Posts 22
  • Votes 5

In the realm of real estate, Pace Morby's Sub2 mentorship has been a game-changer for me. Over just a few months, it's completely shifted how I approach things, injecting a dose of excitement and success into every move I make.

Sub2 isn't your typical mentorship—it's a community. We're a mix of experienced folks and eager learners, coming together in this shared journey of victories and growth. What makes Sub2 stand out is the practical stuff Pace Morby shares—no fancy theories, just real, actionable insights that have elevated my understanding of the real estate game.

Pace's mentorship is like a toolbox for real estate mastery, covering everything from creative financing tricks to navigating those tricky transactions. It's all about helping us succeed.
I have joined his community in December 2022 and have already completed over 10 transactions.

But it's not just about the knowledge. The vibe in Sub2 is genuine and friendly. It's like a tight-knit family where we support each other, and it goes beyond just business. And because of that I have been able to meet over 200 people this year alone, across the country, some of them that have become my friends.

And here's the cool part—Sub2 isn't just virtual. We have meetups and Zoom calls where we share those "aha" moments, brainstorm ideas, and help each other tackle challenges. It's more than a mentorship; it's a thriving community where success is a collective journey.

Sub 2 is not your typical learning experience; it's an adventure where education meets camaraderie, and success becomes a thrilling story. If you're passionate about real estate and want to up your game, Sub2 is where it's at.

Just take the leap and join the family  : Here 

Post: Property Manager and Handyman in PB / Broward County

Jonathan Pechmajou
Pro Member
Posted
  • Investor
  • Boca Raton
  • Posts 22
  • Votes 5

Hello Everyone -

Looking for referrals for an amazing Property Manager and a HandyMan down in Palm Beach and Broward County. The Cities I'm looking for include : Boca Raton, Delray Beach, Boynton  Beach, Fort Lauderdale, Pompano Beach, Deerfield Beach, West Palm Beach.

Thank you so much and have great day !

Post: MasterMind Group in South Florida for RE ?

Jonathan Pechmajou
Pro Member
Posted
  • Investor
  • Boca Raton
  • Posts 22
  • Votes 5

Hello Everyone -

I'm a rookie Investor looking to connect to a Master Mind Group in order to create accountability and bounce ideas.

Any suggestion on a good group to join ?

I'm located in Boca Raton, Florida

Thanks