All Forum Posts by: Nigel Dixon

Hi i just finished putting tile in the bedrooms of my rental 2 days ago. In Florida that's a common finish to have in the bed rooms. Actually I tiled the whole unit. Yeah you will pay more upfront but you wont have the headache of replacing carpet every time your tenant moves out. Its also a cleaner look and the tenants really love it in my area. If the tenant wants carpet they can buy rugs to put down IMHO :)

Hi bp, my whole strategy for my real estate investment portfolio was to gobble up as many homes as i could in the next 2 years. These homes would be free and clear ( i already have 8 free and clear now) and producing 10% to 18% returns..so my cash flow would be great. By that time i should have accumulated around 15 to 20 income producing properties in the portfolio. My next plan was to find a bank that would give me a line of credit against some of the properties i own and then i could continue to buy homes and use the banks money while paying down the LOC from the income my properties are producing in the portfolio. I really prefer a line of credit instead of trying to get individual loans per property. (And i haven't found to many banks willing to make loans on investment homes in my area which is Orlando). Im not looking to to be super rich i just want to continue to invest and have fun doing it. I also like sleeping at night knowing that i have little to no debt and i do not wish to leverage my shirt off to get a ton more. Small steps for me will keep me happy. Any other ideas how i could improve or change this strategy for the better??? Thanks for the help!!!!

HI Bp world im strictly a cash investor when it comes to real estate. I invest mostly in SFH. In my area which is Orlando Florida i will get a minimum of 10% on my deals and after expenses expect to net no less than 600 dollars a month. Im just curious to what other cash investors are looking to get on there cash on cash returns. :)

Jon K. I can buy these homes in GREAT areas anywhere from 40k to 60k. They will rent anywhere from $900 to $1,100 and after expenses net $600 to $700 plus. Orlando is REBOUNDING in some some areas for sure. There is still many bank owned and short sales flooding the market at rock bottom prices. I have also seen more fierce bidding wars for bank owned homes compared to last year Now I don't even DREAM of going in at asking price anymore everything is going above asking with multiple offers 100 percent of the time on the very good properties.

Hi Ann I could buy 3 properties with the 125k and after all expenses net $650 to $700 per home. So yearly from those 3 homes I could net yearly on the low end $23,400 assuming all goes well with payments of course :). Yes your correct about getting hit with those capital gains taxes. The Market in orlando is very distressed seems like the banks have released a flood of homes for very cheap. Can get more for less :)

Hello Bp world....I currently own 8 properties free and clear in Orlando Fl. One of the properties i own is a very nice town home that i bought bank owned for 70k ( I also own this free and clear). Me and my wife had planned on moving in this town home after are lease is up at the home were currently renting. BUT now that same town home i bought 2 years ago is now worth 125,000. Im thinking about selling this town home and purchasing 2 or 3 more sfh or a duplex to rent out with the 125,000 and continue renting the home we are in. Or should i just move in the town home and live there free and clear. What would you do?