All Forum Posts by: Menashe Miltz

I am a Realtor I mostly work in Palm Beach County If i can help you in anyway i have a bunch of clients who do owner occupied and I have a great friend who know his stuff who does mortgages

please feel free to contact me anytime

1 Vote

Welcome to the Bigger Pockets Community

Hi Ron,

Hope all is well,

My name is Menashe Miltz I am a Realtor with Mazor Realty, we can definitely help you

Please private message me

Thank you

0 Votes

Originally posted by @John D.:

@Menashe Miltz the nightly rate is less interesting then the expected gross rents per year -- I'm curious as to that number. Having no idea where in Palm Beach County this condo is, it's condition, etc. it's impossible for me to speculate on occupancy rates and whether that is a good deal or not but would love to learn more. I'm in Delray Beach often and have looked for vacation rentals, but have not found the numbers in that area that hit my benchmark.

$16,800 gross rent per year

What do you usually look for if you don't mind me asking ? I can send you more info about this building if you would please send me your email

All the best,

Menashe

0 Votes

Hi Karla,

Hope all is well

Welcome to Bigger Pockets this site is a great tool to have, make sure you check out the Webinars and Podcasts.

I am a Realtor from Boynton Beach, i moved here about 8 Months ago i was working in NY for a private investment firm, i saw all parts of real estate and i knew i wanted to start investing in real estate so I moved to sunny Florida

I have a group of investors that i work with they only like Palm Beach County and only condos no maintenance. I just found them a good vacation rental

1bed 1bath 650 sqft all high end finishings Luxury building not directly on Intercoastal has a protected park in between

Purchase price $155,000

Tax $3,100 yr

Hoa $4,500yr

Rents by the week off peak $89- $109 winter months $149-$189 each night

Comps are about $179,000

What do you think ? Any advice would be greatly appreciated

If i can help in anyway please don't hesitate

All the best,

Menashe

0 Votes

HI Laura,

Hope all is well

I have a group of investors that i work with they are the same way no maintenance. I just found them a good deal short sale hasn't been lived in about 6 years behind $1,000 in Hoa fees

3bed 2bath 1,400 sqft all high end appliances

Purchase price $155,000 needs about $2500 of minor repairs

Tax $3,100 yr

Hoa $6,300yr

Rents for $2000month

Comps are about $209,000

What do you think ? Any advice would be greatly appreciated

If i can help in anyway please don't hesitate

All the best,

Menashe

0 Votes

Hi Igor,

Hope all is well

Welcome to Bigger Pockets this site is a great tool to have, make sure you check out the Webinars and Podcasts.

I have a group of investors that i work with they are the same way no maintenance. I just found them a good deal short sale hasn't been lived in about 6 years behind $1,000 in Hoa fees

3bed 2bath 1,400 sqft all high end appliances

Purchase price $155,000 needs about $2500 of minor repairs

Tax $3,100 yr

Hoa $6,300yr

Rents for $2000month

Comps are about $209,000

What do you think ? Any advice would be greatly appreciated

If i can help in anyway please don't hesitate

All the best,

Menashe

0 Votes

Hi Amilcar,

Welcome to Bigger Pockets there is a lot of great information on BP make sure you check out the podcasts and webinars

I am a Realtor i mostly work in Palm Beach County, i work with a bunch of investors to find them multifamily properties. There are a bunch of good deals here i mostly find properties that are 100% occupied then as the leases are up we redo or maybe add a bedroom with high end finishes then we rent them out for about 20% more

here is an example

We recently bought a triplex for $250,000 monthly gross income was $2,950

had to put down 25% of purchase price, with Mortgage taxes and insurance comes to $1,950

a Month

Now there are 2 empty units getting renovated will cost about $20,000

now fully rented it will bring in closer to $3,700, I manage these properties myself

Let me know if i can help

All the best, Happy investing

0 Votes

Hi @Daniel Gomez,

Welcome to BP, this site has a lot to offer make sure you check out the podcasts and webinars.i do some deals in North Broward County and South Palm Beach County, I am a real estate agent i have really good contractors who i have worked with before if you need any help just ask

Happy Investing!

All the best,

Menashe

1 Vote

Originally posted by @Account Closed:

Hi Menashe. Are you familiar with Bigger Pockets' Rental Property Calculator? You can plug in your info and calculate returns, cap rate, etc. to make sure the numbers meet your criteria.

How much do you think these units will rent for?
Out of curiosity, are these units in a 55+ community?

Laura

Rent is $900

not in 55+

0 Votes

All Forum Posts by: Menashe Miltz

Menashe Miltz has started 2 posts and replied 20 times.

Post: Roofer and handyman near Delray Beach

Post: House Hacking in South Florida

Post: New Investor Seek Agent To Work With In Palm Beach Area

Post: Vacation Rentals

Post: Vacation Rentals

Post: Looking for buyer agent with Investor experience

Post: I live in Syracuse NY, invest in Florida real estate

Post: Multi-Family Homes in South Florida

Post: Bought for $100,000 under contract for $185,000.

Post: Packaged Deal, Investing in South Florida