All Forum Posts by: Kyle D.

wow, that is truly inspiring, Patrick!

I am finding it so difficult to find the deals. The good ones like you just divulged are taken by realtors themselves most of the time! Do you have any recommendations on who or how I can have someone line these deals up (for some fee structure that still cashflows for me) or do I really just need to put the clock time in searching as that is the bulk of the work?

 Why did you "use to buy" in pasco - what circumstance changed for you?

I am a bit nervous about tenant quality in C homes. But if I keep out people with hard criminal records, evictions...

I am just nervous to mess with 3/2/2s for $150K in pinellas grade A areas because of the hedge funds - I feel like I am chasing ?? 

the hoa is monthly! you're right. blows the numbers out. I knew there was something I was overlooking.  thanks all.

back to zillowing !

 Great advice! Thanks.  But the other numbers seemed fine?

What about this example? Click on it to enlarge. (I have tweaked this a little from downloading it from BP). cashflow is $436/mo, CoC 35%. What am I missing. I hear you about checking the bylaws for forbidding rentals. That would be a deal breaker!

I keep crunching numbers on SFRs in an area I'm interested in (3/2/1 ~ 130k, 3/2/2/ ~145k) and also condos in the same area (though 2/2s , some 3/2s, 3/3s) and the $/door/month is in some cases close to double ($200-250 vrs $450-500 for condos).

I know there are some negatives with condos - the "special assessments" - can someone give me some real life scenarios that I can use to deter me from going and putting some offers on these condos? Even if they have a $1000 a year assessment, I would come out ahead. Would it be more difficult to sell/exit/portfolio wrap? Again, may be specific to my area of interest.  

I also can go up to New Port Richey, FL area and pick up $30K 1000sqft 2/2 block homes that need about $15-20k in rehab and rent them for $800/month. That is my second option - after condos. SFRs in the Palm Harbor, Dunedin, Safety Harbor, Oldsmar, Lutz area are just so skewed and in a "mini bubble" from the hedge funds dumping 1 BILLION dollars over the past several years into the Tampa Bay area in 3/2/2s.

Or do I keep going down the path of Lance Edwards book BIG MONEY SMALL APARTMENTS (which I took a detour from by looking at these SFRs) -  keeping in mind I do not have much real estate experience (one of his biggest points was saying you dont need to "graduate" from SFRs to multis).

cheers,

kyle

 Steve,

Could there be a play on rolling these folks into Section 8?  Thoughts? Challenges?

one more try... you would think as a techie I would get it right the first time.. too much multi tasking :)  Newly updated without Tenant names. My bad! CLICK on the image to make it larger.

I sent a note to a moderator to remove my initial post image.

I sent a note to a moderator to remove my initial post image.

Median Rent: $742

Avg Rent: $696

Vacancy Rate: 2011: 7%, 2012: 12%, 2013: 17%

Renter Fraction: 41%

Not good, hmmmm?