All Forum Posts by: Joseph Palladino

Hi Everybody,

I've been heavily considering moving to Fort Lauderdale and wanted to get some opinions about the area as it pertains to investing.  I'm looking at a 2 bedroom and would live in the unit and rent out a room for at least 12 - 24 months.  I see that a lot of luxury apartments are either approved or already under construction and I'm a little skeptical on how that will impact the demand for rent in the area.  Job growth also seems to be low in Fort lauderdale but the population looks to be steadily growing.

Would love some thoughts on if it is a good place long term for an investment.  I'm in sales and my territory is the South East which makes Florida an added bonus to live.

Thanks,

Joey

Hi Everybody,

I'm living in San Francisco and looking to move to Florida in the next 2 - 4 months and wanted to get some feedback on the real estate market of Orlando & Tampa.  I'm looking to House Hack my first property and was wondering if there are any Agents or experienced Investors on here that can help guide me. 

I'm going to start in the next week or so calling Agencies but if anyone is currently active in the area and has any good recommendations for Agents I'd love to start there.  I'm focused on finding a property in the 100K range with $300 or so in Cash Flow monthly.  If you guys have advice for areas to target/stay away from I'd appreciate the help.

Love to get some ideas.

Hi Everybody,

I am doing some homework and wanted to hear what everyone thought about when it makes the most sense to do a Cash Flow play vs an Equity play in relation to market cycles.  What are the best practices you'd recommend when exploring the variety of different strategies? 

J Scott said in a Podcast "You have to take what the Market is giving you", was wondering what strategies you all like best at different stages in the market and with where we are today.  I understand the approach you take is likely contingent on your local market but when we look at the macro view what is your thought process?

Looking forward to hearing your thoughts.

Joey

Hi Jason, I do care about appreciation but I'd say that's secondary to stable cash flow for where I'm looking to do.  I am looking for anywhere from 10% to 12% Cash on Cash return.  I have been looking at Stamford just because it was a desirable location for me if I were to House Hack but it didn't seem like a great area to cash flow.

In addition to Bridgeport and looking at Connecticut as a whole is there a particular area you would suggest I look into?  And do you have any investment properties in CT yourself?

Hi Everybody,

I'm new to Real Estate investing and have been doing my due diligence but could use some pointers on a good market to invest in. I've recently read Millionaire Real Estate Investor, The Ultimate Beginner's Guide to Real Estate Investing (Brandon Turner) and most of David Green's new book on BRRRR Strategy.

I live in San Francisco but I grew up in Connecticut and would like for my first investment to be in Fairfield County (Preferably Stamford) but I don't want to make that decision for an emotional reason so I wanted to ask the Forum if this is a market that makes sense for a buy and hold approach.

I'm looking to BRRRR or House Hack a property and more focused on cash-flow than I am equity (Although both are obviously ideal). Are there any folks on here that currently have investments in Fairfield County? If so do you think it is a wise market to Buy & Hold?

Love to hear some thoughts.

Hello Everybody,

I'm brand new to BiggerPockets and Real Estate Investing and had some questions regarding the Brrrr Strategy.  I'm looking to make my first investment and wanted to get some advice to hedge against risk as best as possible.  I constantly hear on the Podcast about investors finding "Good Deals" but often they don't clearly define the parameters of what a good deal actually looks like.  I know that a good deal will change depending on the strategy being used but for the sake of this post I'd like to understand what a good deal looks like in the context of the Brrrr strategy.  

1.) I'd love it if someone can share a detailed example of what the math looks like because often times that part is breezed over by seasoned investors.  Can someone share an in-depth breakdown of the numbers?

2.) Along those lines, what are the essential calculations that are needed for this to make sense? (Looking for a mathematical model I can reference when analyzing deals) 

3.) Aside from the Home Loan, Repairs & Closing costs what other costs are there when actually purchasing a deal?  And to piggy back off of that what percentage of your ARV do you like your All In-Costs to be?

4.) I live in San Francisco as you all know is insanely expensive.  Is Brrrr effective in expensive markets such as the Bay Area or would you recommend another strategy?

5.) What are the pitfalls or main areas involving Brrrr that can go wrong?  I'd like to know what to keep an eye out for to minimize risk.

I know I have a lot here but a Mathematical example displaying the anatomy of a Good/Ideal Deal from start to finish would answer questions 1-3.  

I appreciate the insight!