All Forum Posts by: Josh Green
Josh Green has started 21 posts and replied 365 times.
Post: need help looking to Airbnb
- Realtor
- Tampa/St Pete/Clearwater, FL
- Posts 389
- Votes 351
Quote from @Andy Verge:
We are interested in purchasing an airbnb in the theme park area of Florida. This would be our 1st airbnb, right now we live in Maine and only do long term rentals in Maine. Trying to expand our portfolio. Wondering if this would be profitable. We heard insurance has gone up in Florida. Wondering how much for management fees, cleaning, etc might be. Trying to figure the numbers. We started looking in the Davenport area. Any input or help would be much appreciated.
That area, there's really 2 kinds of buyers:
1) the one that puts down a sizable amount (35%-50%+) on a small to medium property (3-5 bedrooms) and is happy it pays for itself (mostly) kind of like a timeshare that you own.
2) the buyer that wants to make money, which is going to be by going big: maybe a 6-8+ bedroom home, maximum themes inside, and even huge amenities outside. Still putting down at least 20% on the house plus north of $200k in furnishing and design work to the house. This is what is needed to standout and make a good return there (generally).
If it's more of an investment and less of an emotional purchase, you should be talking with me about the Tampa Bay/St Pete/Clearwater/Largo/Seminole/Bradenton areas on the gulf coast. Higher returns, strong occupancy, less saturation. Though, to do them right, you still need to budget a good chunk of cash. It is very much unrealistic to buy a "turnkey"/pre-furnished Airbnb, only put down a downpayment and expect it to make you money with management in place. We instead create an amazing product out of our buy-box
Post: Recs for investing in Florida
- Realtor
- Tampa/St Pete/Clearwater, FL
- Posts 389
- Votes 351
Quote from @Stefanie McLaren:
Hey everyone, I'm looking to invest in a property anywhere between Tampa/St. Petersburg and Fort Myers, FL. Ideally, looking for some kind of house hack situation, but open to a regular rental investment property, as well. Would love your thoughts on what areas currently have good deals and returns.
Hey! I LOVE house-hacking! I've done it several time and have helped several buyers in recent months/weeks with house hacks in the Tampa/St Pete area. Lots of ways to do it and several awesome options are on the market right now. I'm actually going to one tonight for a client! Feel free to text me and let's chat on the phone real quick to see how we can find the right profitability to comfortability ratio for you!
Post: Looking for Investor-Friendly Agent in Tampa – Small Multifamily, High $300s
- Realtor
- Tampa/St Pete/Clearwater, FL
- Posts 389
- Votes 351
Quote from @Anthony Dawood:
Hey everyone,
I just relocated to Tampa and I’m motivated to buy within the next few months. I’m looking for a small multifamily (duplex/triplex/fourplex) in the high $300k range. My main goals are:
- Long-term rental potential with solid cash flow
- Neighborhoods with upside (Seminole/Tampa heights, I’m also very interested in St. Pete)
- Working with an agent who understands investors and isn't afraid to dig for deals beyond the standard MLS listings
If you’re an agent who specializes in helping investor-minded buyers or you know someone solid in the Tampa market, I’d love to connect. Please DM me your info or drop a recommendation below.
Thanks in advance!
There's a couple on the market right now I've seen come across my desk we should talk about. Depending on your cash position and goals, there's going to other options as well. Feel free to DM me/connect and we can set up an intro call to discuss this and more!
Post: First Time Investor - SFR or Multiunit?
- Realtor
- Tampa/St Pete/Clearwater, FL
- Posts 389
- Votes 351
Quote from @Max Uyeda:
I am looking to start a real estate portfolio and am wondering if I should start with SFR or multiunit. I just finished Brandon's book "book on rental property investing." It highlights challenges with investing out of state. I live in Hawaii, where none of the math looks like it will make sense to invest here. My plan is to invest out of state with a very strong management group. I was looking into REI Nation, and have seen good reviews, but they only do SFR and I'm wondering if my capitol would be better spent on multiunit instead of SFR. I have about $400,000 to invest. I could probably get up to $600,000 with family help. Any thoughts on if I should go the multi-SFR refinance route, or if I should use that as a down payment for a larger multiunit property? I am a complete noob, having only become interested in RE investing a couple weeks ago and Brandon's book is the only knowledge I have on it. Any advice would be great, thank you.
Also, goal is long term holding to build retirement income. I'm currently 34.
Hey Max! I got the perfect solution for ya. We should jump on a call I can run through your options on both and have a strong feeling you'll be glad we talked! Feel free to DM me and we can set up a quick call and go over those questions and more.
Post: Who has worked with BNB-Turnkey?
- Realtor
- Tampa/St Pete/Clearwater, FL
- Posts 389
- Votes 351
Update:
2 clients who were going to sign with BnB, after talking with me, have signed with me! I'll update again in the future when they're all closed and operating their new STRs in the coming months. Don't waste your money - give me a call first it may just save you $100k...
Post: Who has worked with BNB-Turnkey?
- Realtor
- Tampa/St Pete/Clearwater, FL
- Posts 389
- Votes 351
By the way, for anyone who reads this. A reader (hasn't commented here) saw this post, is also considering BnB turnkey, and he called me today and will be working with us! If you're reading this and it sounds like you, don't hesitate to text/call me. It'll save you likely $50k-$100k in yr 1 :)
Post: Who has worked with BNB-Turnkey?
- Realtor
- Tampa/St Pete/Clearwater, FL
- Posts 389
- Votes 351
Quote from @Michael C berry jr:
Hello BP Family,
I'm inquiring if anyone has worked with BNB Turnkey? A company operated by the STR guru Matt Elefante. Below explains what my phone initial call was like. My questions are, have you used or worked with BNB Turnkey, what positives/negatives did you have in your experience, should I just buy my own Airbnb?
I've just had my first phone call with the company and they are what the name states. A company that finds you a profitable STR, helps you acquire, remodel, furnish, list, and manage your own STR. The benefit to me is they do a lot of the leg work and the benefit to them they manage a knowingly profitable STR. They sent me a few case studies after the call to highlight some of the properties they have done. Markets were in Fl, SC, NC, VA, and AZ. COC returns for the properties in the above states were all in the 20 percentile with one at 42%. They require a minimum CoC return of 15% for properties and a minimum $250,000 investment to the property. It sounds great but is it?
I've serviced clients that have taken part of, or even their full "hands off" course. I can confidently say it'd be worth a call with me before you dump a ton of money into that service. Also, they aren't getting you a 20% CoC return with an upfront investment of $250k (if they're talking fully hands off). It's something achievable at higher cash points though.
Post: Advice on buying STR investment, $800k budget, in Pinellas Co, Florida.
- Realtor
- Tampa/St Pete/Clearwater, FL
- Posts 389
- Votes 351
Quote from @Kyle Alfriend:
I am looking to acquire a STR in Pinellas County. Thinking single family, Treasure Island area. Thoughts?
I’m a local investor and agent in Pinellas county and have closed on more STRs than anybody the past few years now.
Theres a very specific recipe/buybox to be sure you set yourself up for success.
A few questions I’d want answers to in order to better answer your question:
1) Do you know what zones are permitted to STR in Treasure Island? If so, are the properties there in your budget?
2) What is the goal of your investment, numbers wise? (Is there a better way we can get there?)
3) What is your cash position outside of your downpayment and closing costs you have set aside for the furnishing and design? (The execution of the final product is a huge factor in a properties’ performance)
4) What data or method are you using to underwrite your deals? (I own & manage 20+ of the highest performing STRs in the county by class, all purchased with today’s competition, interest rates and prices. Relying of software to underwrite will be very off)
5) Do you plan to self furnish/design and self manage? Or hire it out? (I have a world class STR specific designer on my team that helps clients like you, out of state, set up their properties to the max. I also manage STRs for clients only, at a discounted rate of 15%. My average client saves and earns $50k-$80k more their first year on an STR)
Feel free to DM me and we can set up a consultation to see if you’re on the right track and go over the above for free 👍. If it’s a good fit, maybe we’ll work together ✌️
Post: Looking for STR which cashflow
- Realtor
- Tampa/St Pete/Clearwater, FL
- Posts 389
- Votes 351
Quote from @Vishal P.:
Fellow Investors and Brokers , I am in market for STR. Looked at NC mountains, some area around Daytona Beach FL, Panama City, FL, Charlotte and Chapel hill area but prices doesn't support any cash flow due to high cost of rates and fees. Looking for experts who can guide me and get my first STR.
Post: Where to invest $1.4m to maximize rent? (Paying cash)
- Realtor
- Tampa/St Pete/Clearwater, FL
- Posts 389
- Votes 351
Quote from @Shane Finnegan:
In a couple months, I’ll be investing $1.3m - $1.4m into real estate, and I’ll be looking to pay cash and not have any loans. My goal is to be profiting $6,000/mo or more (if possible) after expenses, including property management. I’m single and I want to be able to quit my job and earn enough from my rental income to focus on starting a business. I don’t want to take out any loans because I don’t want the risk or reduction in rental income.
Where can I earn $6,000/mo in profit by investing $1.3m - $1.4m in real estate? I’m just starting my search, and I’m currently looking at $300k - $350k new construction single family homes in Chattanooga and the suburbs around Nashville. The rents there seem to be high relative to those purchase prices. Where else should I be looking?
I’m not particularly interested in buying old, run-down properties. New and recent construction appeals to me because I won’t have to replace the roof or HVAC for 10+ years.
This will be easy - I have all the systems and team in place to maximize this kind of budget. DM me and we can chat.