All Forum Posts by: Kevin Scott

@Ben Leybovich Thank you for your post! CCR's are: ROI CCR 6.66% Purchase Cap rate 6.61% Proforma Cap 5.81%

Purchase price offer is 220k, asking is $249 (at market value) - hold for at least 5 years. We are not putting more in to get better cash flow. That is not the mind set here. Property is easy fixer with paint and cleaning. Stable long term tenants in place. Will be raising rent moderately over the next 2 years to bring up to market rates.

Hey @Brit Foshee thank you for your reply. More specifically, we are looking in the Venice, Nokomis, and Sarasota areas.

Asking price is 249k,offer 220, super super light fixer with paint. Tenants in place and raising rents a little.

Hey. Just about to pull the trigger on a purchase in Florida, north of Fort Myers south of Tampa. It’s a duplex with 30%down for mortgage reasons. The numbers still work. But certainly not a home run. Just a base hit I feel. Mind you this is the first time at bat in the majors. Purchase 220k, monthly income 1850, monthly expenses 1441, purchase cap rate 6.61%, cash on cash 6.66%. Cash flow 408/mo I’m figuring this isn’t bad as a getting in the game starting point. Thoughts?

Hey. Just about to pull the trigger on a purchase in Florida, north of Fort Myers south of Tampa. It’s a duplex with 30%down for mortgage reasons. The numbers still work. But certainly not a home run. Just a base hit I feel. Mind you this is the first time at bat in the majors. Purchase 220k, monthly income 1850, monthly expenses 1441, purchase cap rate 6.61%, cash on cash 6.66%. Cash flow 408/mo I’m figuring this isn’t bad as a getting in the game starting point. Thoughts?

Hey. Just about to pull the trigger on a purchase in Florida, north of Fort Myers south of Tampa. It’s a duplex with 30%down for mortgage reasons. The numbers still work. But certainly not a home run. Just a base hit I feel. Mind you this is the first time at bat in the majors. Purchase 220k, monthly income 1850, monthly expenses 1441, purchase cap rate 6.61%, cash on cash 6.66%. Cash flow 408/mo I’m figuring this isn’t bad as a getting in the game starting point. Thoughts?

well thank you BP community!!!!

I was google mapping today and I noticed that a McDonald's had closed. I thought, "well that's telling". Hahah

I will continue on and look for different opportunities. 

Hey there!

I'm out of the country, but an opportunity has come up that I'd like to explore some more. There is a Multi unit north of the Alta Vista area (North of Frayser blvd). I have no idea about any of the Good, bad nor ugly areas of the city. If anyone could help me with how I might find this information out, or boots on the ground, I would greatly appreciate it. I would love to learn the rental occupancy rates in the area, new businesses or leaving businesses etc. I will say that I have done some fix and flips in the past, but I am a complete newbie to buy and holds. Certainly VERY green to out of state investing. I know it can be done. Thank you for taking the time to read my post. Live long and prosper through real estate.