All Forum Posts by: Lake Lutes

Hi Carlos - sorry to hear about your flips. The good news is, real estate is going to be more expensive and WORTH MORE in 5-10 years than it is today. The short term market fluctuates, but long term, holding real estate is very, very rarely a bad play.

As a renovator myself, I always try to hold instead of sell, that is why I prefer the term renovator, not flipper. If your properties have appraised for that much more than your list price, you should be able to use the higher prices for your appraisals, giving you more room in your LTV and cash back for a cash out refi.

You've got options!! Keep pushin

Hey Emily! Okaloosa Island is killer. I have helped a bunch of clients buy on "The Island" as locals call it, and I run BnBs in Destin! I live around just over the bridge from the island in FWB.

Demand stays really high March through October, and slows for the 4 winter months, just like Destin.

If I can help you run numbers on properties or give you any insight please let me know! I am happy to help!

The Florida Panhandle is a phenomenal area for STR - you're going to have a tough time at $250K for a renovated single family home with a pool, but there might be a few area where we could make it happen! Let me know if you want to connect I'd be happy to help out.

 Thanks Ray!! Nathan, I'd love to connect man! As Ray mentioned - The gulf coast is my main market as an agent and as an investor. I do primarily flips, BRRRRs, LTRs, and STRs as an investor out here, and obviously help folks like you from the agent side. Let me know if you want to connect and I'd be happy to hop on a call!

Thanks @Raymond J. Rodrigues, would love to chat @Chetan Malik! I work Pensacola all the way to PCB. Let me know if you want to talk Pensacola this week!

Hey @Steven P Daugherty - I am an investor/agent here on the Emerald Coast from PCola to PCB. Let me know if you want to link up!

Something to consider - just because you used your VA loan doesn't mean you wouldn't qualify for another. This is a common misconception - I would almost guarantee that you could qualify for another due to the PCS. I would echo everywhere that Scott mentioned - East Hill, North Hill, East Pensacola Heights, Cordova Park and West Pensacola (Navy Point) near NAS Pensacola. These are good starting points for military friendly communities and good neighborhoods.

Hope to chat soon!

Hey Carl, welcome! I am an investor-agent on the Emerald Coast and would love to connect. Let me know how I can help you early on in your investment journey, it can be overwhelming but doesn't have to be.

Love the break down Treg! Florida offers a unique opportunity to grow all in one state but stay diverse.

Where the insurance argument makes an entrance into the conversation, other states have area or state specific factors that play as a negative. There's never going to be a perfect 10/10 location with nothing going against it.

Keep crushing man. 

Hey man! I am active duty and have been an active investor for 5 years, and active agent for 4 years. I started while stationed at JB Pearl Harbor Hickam, and have been an agent now in Florida just about a year and a half after my PCS to Eglin. It is definitely doable, but takes a lot of sacrifice. Outside of my day to day job, I give up a lot of social events and trips for clients, transactions, and investment opportunities. But I love it because it's what's important to me! Let me know if you want to talk anymore about it, I'd love to get together.

 I recommend looking in Panama City Beach (PCB) for cashflow purposes, with the potential for some solid growth over the next 5 years. Okaloosa Island, which is technically Fort Walton Beach just West of Destin, also has some room still for solid cashflow and growth over the next 10 years. Those would be my 2 recommendations.

Hit me up if you want to look at some specific deals! This is my specific investing and agent market.