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All Forum Posts by: Michael Elder

Michael Elder has started 14 posts and replied 25 times.

Post: First Rehab Anxiety

Michael ElderPosted
  • Posts 26
  • Votes 11

I’m a newbie in Jacksonville starting my first rehab on a duplex. A side from the normal amount of anxiety this is part of the process I know the least about. I’ve reached out in other forum subject for GC recommendations and I know asking dumb questions to them is unavoidable to certain extent...

Can anyone give me an outline or talking points to have while selecting contractors?

When and what permits do I need?

In the BRRRR book David Greene mentions having a contract where increments of the budget are paid periodically, can anyone provide a general outline for something like this?

What’s the typical order of process?

Never been so nervous lol. Any help is greatly appreciated

Post: GC in Jacksonville

Michael ElderPosted
  • Posts 26
  • Votes 11

Looking for an investor friendly GC to help walk a newbie through his first rehab on a duplex in Jacksonville. Any help, advice, or recommendations would be greatly appreciated.

Post: Multi family financing

Michael ElderPosted
  • Posts 26
  • Votes 11

Been looking for a multifamily to househack. My wife isn't working and I don't make a lot of money. We only qualified for an FHA loan. Finally found a duplex but it's 35k over what FHA loan Is preapproved for. Any advice to make this happen?

Originally posted by @Joseph Parker:

@Michael Elder Hi Michael - I'm a realtor with RE/MAX (licensed in Indiana), but have several connections all over Florida. Since you're looking for an investment property, would you prefer an investor-friendly agent with experience in helping people purchase rental properties? I can reach out to my network if you'd like - happy to help!

I’d be happy to make some connections, thank you.  

Newbie here, looking to purchase a condo in cape canaveral for possible rental or vacation rental. Any help would be greatly appreciated