All Forum Posts by: Joshua Rountree

@Bernard Sanga Hey Sounds like you are developing a great foundation to start off your REI. I am just north of you in Bradenton,FL but I do have a property in Sarasota. If you want to connect at all feel free to reach out! Good Luck!

Hey @Colin Russell!

See you have some great advice here, so I won't waste time repeating the same. Just wanted to say hi and if you are looking to reach out please do so, always looking to connect.  Good Luck!

@George Kruse Ofcourse!

There is the Bradenton REIA on Tuesdays at the Yatch club/ The Sarasorta REIA on Wednesday at the Asain Buffet off of Fruitville road/ The Sarasota Landlord meeting on Thursday nights/ And the GREAT meetings at Der Dutchman Buffet Friday Mornings. There are more around but those are the ones I have attended.

Hi @Chris Wan,

I bet you would really like living down here in Florida, Great lifestyle and great market to be in! I'll be happy to connect whenever the time is right.Meetings around here are a great way of meeting people and connecting.We have a lot of meetings you can attend, at least one every night! 

@Daniel Ivanov 

Sure! Ill be looking out for your message.

Hey Dan!

It is great to see that you are putting yourself out there and being active here on the site. I can tell you that just being on here and posting will get you closer to your goal of connecting. If you want to go further than I believe attending local REIA`s, events, and meet ups are the way to go, nothing better than a face to face interaction. I like a lot of the meetings around and have made priceless connections that help me in my business. Please message me if you want to connect and talk about local events!

Yes sir!

I have used SWF Home Inspections on two properties now and I highly recommend them. Both times I got Doug Smith as my inspector and both times he walked me through his process and told me things he looks out for. I trust his opinion because he owns rentals himself and has been an inspector for a while, I ask for him by name. 

Hope this helps!

I really like the opportunity in Sarasota. It is really a hot market around area which means deals are harder to come by. But When you do find a deal there is more room for up side on the exit. What @Kanwar Sodhi said was right on, I just recently picked up a property off market, so you got to explore other outlets.

Hello everybody!

I am picking up a long-term Rental with private financing already in place. It’s a solid deal and I am very excited to move forward with this investment. However I am having trouble with setting up my entity structure moving forward. I have no entity set up right now. I would like start off on the right foot and treat this like a business, as I plan to add more rentals in the future.

Any thoughts on how I should set up entity structure for long term rentals going forward?

Hey @Brian Power,

Just took a look at the report and it looks like you have numbers where they need to be. As far as accuracy I would turn to any local investors in your area and see exactly what they have been seeing in their rentals. Only correction I would point out is the Management fee (only at 1%). Always make sure you include that fee in your numbers even if you are going to manage yourself, you deserve to be paid too!