All Forum Posts by: Matt Banahan

@Account Closed Makes me realize I have / always will have a lot more research & knowledge to gain in the real estate world -- and to challenge the status quo of many preconceptions (ie. Bay Area is too expensive / negative cash flow). Very helpful, thanks for sharing background on your start as well, Minh.

@Roni E. Hi Roni - have you invested in small multifamily deals in Florida? If so, where and how have are they going? From what I've read, and what others have mentioned -- is that single family is far more prominent and small multifamily homes are few & far between.

Would love your insight if that's where you've focused in Florida.

@Gavin Welch Meaning are the properties you manage Single-Family or Multi-Family properties? 

Trying to get a sense of if Multi-family properties are common / something to look at, or if the main focus should be on Single-Family in that area.

Hope that cleared it up.

@Gavin Welch Will definitely start looking at Ocala per the comments above. Lakeland has been on my list as well.

Are they mainly SFH or Multi-family?

@Russell Holmes @Craig Gaydas @Erik B. @Gavin Welch and everyone else -- very grateful for the conversation / insight everyone has / is providing. Hope this forum continues to gather feedback on the Florida market. 

A lot of information above that I'm currently digesting / researching. Will keep everyone posted on my progress!

I know there's a lot of Agents above -- does anyone own their own rental properties? If so, where and how is it going? 

@Anson Young Sure looks like! Hah! Good beer is always a plus too -- Motorworks Brewing in Bradenton is pretty good!

Anyway - yup, currently reading David Greene's book right now -- about halfway through and is very helpful thus far. Just finished Brandon's 'Rental Property Investing' book as well which provided some great insight.

Appreciate the suggestion!

Have been doing research to narrow down certain areas / cities to invest with buy-and-hold rental properties -- Florida continues to pop up in articles and when looking at metrics such as Pop Growth / Employment growth / etc -- specifically the Tampa, Orlando, and Jacksonville areas.

Understanding it's getting more competitive due to the publicity -- would love to learn and hear insight from members who have invested in those Florida cities and what areas they recommend to start my search. I will be investing OOS, but do have some family in south Tampa and currently getting their perspective of neighborhoods, etc.

Primarily looking at SFH or possible multifamily (2-3 doors).

Any insight is appreciated and hope to add value back as I gain knowledge / experience.

@Ali Boone Thank you for your article suggestions. Will check them out!

@Account Closed mentioned -- I'm viewing OOS as a way to own multiple properties quicker (due to lower prices) vs. maybe only owning 1-2 in California as of now. May have a point that owning 1-2 in California may still be much more financially beneficial than 5+ OOS. [Being new, still working on understanding / applying numbers to determine # of doors I can purchase]

Just began reading David Greene's 'Long Distance Real Estate Investing' book to offer that alternative perspective. 

@Yu Liu Nice knowing I'm not the only one! Will definitely be following your real estate journey (I'm originally from the Bay Area).

Also interested in your question specific to creating the best team.