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All Forum Posts by: Matt Brazis

Matt Brazis has started 3 posts and replied 14 times.

@Naren Roy the 4/3 I mentioned above is in a flood zone A and I would have no problem selling it. The most expensive properties in Tampa are in a flood zone, so I think it's a non factor for resell. It's just an expense to account for. That being said, if you're buying an STR in tampa and going to self manage- you need to do a cost segregation study and bonus depreciate the property this year for a big tax write off. If you sold it you would need to pay that back. So either way I'd hold the property long term. I also own a cleaning franchise in Tampa that is set up for STRs. Be great to work with you if you move forward.

Hey @Naren Roy, I own and manage 3 Airbnb properties in Tampa, not too far from the location you are looking at. I would recommend finding specific Airbnbs that are similar to the one your looking at in Airdna or in pricelabs. Pricelabs has a nice market comparison, cost $10 to do one.  I wouldnt trust the broad numbers on Airdna cause you dont know what those properties have that yours doesnt or vice versa. You also need to add in the cost of cleaning to your expenses, which is already added to your revenue numbers. 

Cleaning a 4 bedroom home is probably going to cost $225 / turn. So youre looking at at lest 1k / month added in expenses. Your electric bill is going to be $650 and up in the summer as well. My 4/3 in south tampa was past $700 each summer month, luckily it is cooling down now and is only $500... Also I would see if you have PMI in your numbers.

 I would also say that only having 2 bathrooms is going to be a problem if your hosting more than 6 guests, this will also affect your numbers. If you have any questions feel free to reach out to me personally! Would be happy to discuss more

Post: Low Hard Money Lending Rate for Learning *New Investor*

Matt BrazisPosted
  • Investor
  • Tampa
  • Posts 14
  • Votes 3

Appreciate the feedback  @Shawn McCormick, I will continue to save and if I find the right property try to partner or get a conventional loan.   

Post: Low Hard Money Lending Rate for Learning *New Investor*

Matt BrazisPosted
  • Investor
  • Tampa
  • Posts 14
  • Votes 3

Hey Everyone,

My name is Matt Brazis, I'm 31 years old and currently work in medical device sales. I'm looking at getting my real estate investing career off the ground and specifically looking into the Brrrr method for SF properties in the greater Tampa Bay area, with a special interest in Polk county. I like the central location between Orlando / Tampa and its more so in my price bracket. I currently have 55k saved (with a healthy personal reserve) and to build up my knowledge and make connections, I want to offer it as a hard money loan at a favorable rate in order to learn the ropes hands on. 

Feel free to shoot me a message and would enjoy discussing in more detail.

Thanks!

Matt Brazis