All Forum Posts by: Kurt Jones

I have been accumulating properties in Volusia and it's just a great rental market right now. I'm currently looking to roll out of a duplex I bought in Holly Hill (BRRRR but looking to sell) and continue picking up the 6-12 unit properties that are pretty common in Volusia.

Anyone interested in a meetup sometime?

The above opinions are spot on. The Condo HOA fees and the people behind them are a huge pain in the a$$. I have a condo as a personal residence but would never suggest someone "invest" in one, especially a newbie.

I invest in Daytona but it's a tough market. Personally a seller rather than a buyer there right now.

15 cap is a 15 cap for a reason ...risk. And as an aside, holy crap at those taxes!!!

@Kyle Pepple tell us how it goes. I’m currently under contract with a similar property with a small restaurant on outpatcel. May be able to share notes/ideas as they develop.

I would echo many of the comments here. Section 8 is a good program and the tenants are just a cross section of the rest of America, no better no worse. Screen your tenants and you'll be fine. At least here in Central FL, the housing authority can fill your place up fast if you have one move out.

Personally I love small MFR in the 6-20 unit range. It's mostly mom'n'pop owners so it's relationship dependent.

Looking to add more of those to personal portfolio but also looking to take down larger properties with potential partners/ syndication. 

Hey David, don’t know the answer to your question but happy to connect with other local investors. I’m up in Volusia county. 

Ran into a fun one this week. Got an outreach on a small 4 unit that was close to a 6 unit we already own. No tenants, but place had been well rehabbed by an apparent flipper.

Wrote up an offer sight unseen then went to walk it. Hmmm...one front house 3/2 with apparent garage converted into two efficiencies and one 1/1. Ok that’s 4 units. Walk through with my handyman and things seem off. All 3 units share one water heater?

Kept finding weird things that didn’t add up. Next step, call the city and ask for zoning. Look there, single family with garage. No variance requested. How about permits? Nope, nothing about the conversion.

We asked the seller’s rep And she said “yeah, they’re looking for a cash deal from somebody who doesn’t care about zoning or permits.”

Need a little more info. As @Tchaka Owen mentioned, FL is a big place with a ton of variability. For reference, in central coastal FL, you're able to find stuff for around $100k/ door. In Miami, who knows? Not my region but probably higher. And in the Panhandle (PCB, etc) you get into the post-hurricane stuff which is basically being given away.