All Forum Posts by: Joseph Stern

Hey

Yes they stay booked every month.

It varies, I would not say 3x but I would agree and say mine typically average out to 3500-4200 per month over the course of the year.

  Hey Edwin, a RE broker.

Hey Ryan, I'm an investor and broker based out of Tampa. I invest in both Tampa and St. Pete. I would love to connect!

I can only speak to Tampa but I have no problem finding nurses for my properties. I would stick 5-7 min from the hospitals. Tampa has plenty of health care opportunities and if you're close by the hospital you will be able to source a tenant.

This just depends on your bandwith, I have done both. Like you I have took on very heavy rehabs and purchased via hard money. I personally am licensed so sometimes I buy a stable property on the market that is furnished, but I get a 3% commission and 2% seller credit at closing, so this cuts my closing costs by 20-25k sometimes. That way I can buy something more stable if I don't have the time to commit to a rehab, you can negotiate a seller credit and do the same. Otherwise I would go based on the deal, if you come across the lead thats worth the rehab go for it, if you come across something that has less forced equity upside but is in a fantastic growing location next to a hospital, I'd jump on that as well.

Investing in real estate gives you the ability to add to your net worth faster and have the option to pay off the student loans through the possibility of appreciation or forced appreciation. If someone takes out 100k in loans to go to college, and during college they purchase a property via owner finance with low money down, hold it for 5 years, then sell. There is a good chance in a market like Tampa that in 5 years you would be able to pay off a very large chunk of that loan. I make this example because if people simply invested in 1-2 deals, it would save them so much money and time since they wouldn't have to throw a chunk of their paycheck every week at paying off their loan. They can have the strategy to buy 1-2 properties dedicated as collateral to help pay off their loans one day. Some may say risky, but if you execute it correctly, a few real estate deals can pay for your college tuition. So I would suggest growing the portfolio, you don't want the debt to become unmanageable but you seem savvy so I would figure out a way to grow the portfolio. 

Hey Angie, Im interested. Can you PM me the address?

@Ashley Mason Hey Ashley, I’ve personally used Staging Girls in Tampa and they’ve always done a great job. Shoot me a PM if you want me to send over the contact.

For Tampa MFH I recommend West Tampa, Seminole Heights, and South Tampa. For SFH New Tampa is good if you're looking for newer builds, I also recommend Carrollwood and Citrus Park for SFH as well as the others I stated.

Yes I have several recommendations, if you want to PM me I can send them over!

@Petronella Kerssens Hey there Petronella, both markets have fantastic upside and some of the fastest growing markets in the country with tons of commercial projects going on and people moving there everyday. I live in and invest in Tampa so I’m biased but you truly can’t go wrong in either market, Tampa is going to be a little better on the appreciation side and Orlando will offer slightly better cash flow opportunity whether it’s multi family, single family or short term rental. Tampa is very relaxed when it comes to short term rentals, not sure about Orlando.

That being said, what is going to make or break the success of your investment is your team in those markets. You could choose the absolute best market in America with the best upside, best deals, best location but if you have weak team members such as a broker, contractor, lender, and property manager your investment will surely experience hardships. On the flip side, you could go to the worst city in America like Detroit was, in the worst neighborhoods but if you have experienced team members you will be much more likely to make money there!!

Location /neighborhood are the most important aspects of an investment of course but my point is choose the market where you feel you have the strongest team around you and best boots on the ground. This is where you will find the most success. Just my 2 cents.

@Tim Merritt Hey Tim, would love to connect. When I started BP gave me so much valuable info and resources I’m forever grateful. Would love to connect, I’m a local broker and investor in tampa as well.