All Forum Posts by: Kamil Maras

I also invest in Cape Coral.  Looking to switch from single, small multi to strip malls (new construction)  what do you guys think?

Yes @Brian Gibbons I did actually switched over all of my properties into trust before hand.  As you're writing this now I'm realizing that I could have just added the new buyer as a beneficiary??  Is that the play?

The banker told me that they do yearly reviews of all loans to check if tax and city records match up.  He would have caught it whether or not I applied for that other loan.  Very disappointing because the strategy in it self is great.  It was a totally hands off investment.  But Hey...

Hi, I have been researching creative investing methods for a while now.  Through all of the posts and articles many claim that that banks do not call the loan due if the payments are made and the loan is performing.  
I recorded an Agreement for Deed with the city on my first wrap around mortgage transaction earlier this year.  Everything was smooth sailing until I applied for a new loan on another deal with the same lender.  And here comes an email that I have 30 days to pay off the loan that is being violated with the said transaction.  
My very first attempt at this interesting strategy and the worst case scenario.  Needless to say I will put that strategy to rest and would like to just put it out there that this happens so please have necessary funds to pay off the loan stashed in a separate account just in case.  But doing that I guess defeats the entire purpose of this endeavor.

I have a CRC  license in Florida and only build for myself.   I just started two simultaneous projects after taking about three years off.   I will be lucky to end up at below $90/sqft.   Good subs are very hard to find. When I do find one he's always booked. I feel that the big players in town are able to do it way cheaper because of the constant work Flo they have for their subs and therefore commending cheaper rates.

@Annie Coronel good to have you on the site.  I'm a multifamily investor in Cape Coral, so I'm sure we will have a chance to chat in a near future.  

welcome

Cape Coral multifamily listings are at 4-6% cap rate. Good deals are tough to find and banks won't lend on anything that's listed on the MLS for small multifamily.

Although tough to finds on MLS I still believe there are some opportunities in small multifamily in the north east by Hancock bridge area. Keep in mind when evaluating, that current rents are not sustainable long term. Be conservative.

Welcome!  

The BP Podcast is gold!!!!  It will provide you with very hands on knowledge of different strategies and scenarios.  Also it will recommend many books that are a must read on the subject.  And start saving money if you haven't already.  You need skin in the game.