All Forum Posts by: Ramon E Alvarez

I just toured my rental last week with a ton of people and one thing that stood out to me was that A LOT of them were looking for a new place because their landlord is selling the house where they live.

I counted this as a red flag… it just seemed weird to me. I understand that the market is hot and a lot of people are cashing in… but could this be due to the moratorium ending??? Any one having this scenario too?

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Good morning BP!

Looking for recommendations for an Attorney in Norfolk, VA that can review my lease contract and that I can talk to for legal advice.

Thanks!!!

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what are the details? PM me.

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Originally posted by @Sean Rooks:

Caplan Law Group, Shaheen Law, Jenny Colon PC are all Real Estate Law Firms.

Thanks!

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Originally posted by @Natasha Jansen:

Hey @Shulammite Ng! I’m in Central Florida and can provide you with a ton of insight. DM me! Also notice you’re a long term care designer - interesting! We have ALFs here too.

Hello! looking to network with people from Lakeland I'm looking for small multifamily to house hack with in that general location in the next couple of years!

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Originally posted by @Corey Hawkinson:

@Ramon E Alvarez I bought the first rental condo in 2012. Next rental was another condo in ~2014, then a single family in ~2015. Those last two were from purchasing properties to live in and later turning into rentals. (I’m going off memory on the dates so they might be off) At that point I wasn’t very serious.

Then in 2019 I looked at the equity that I had in those properties and decided to focus as a way to financial freedom. I sold the single family to do a 1031 exchange into a 4-unit. In 2020 I sold the two condos to 1031 into a 6-unit. Now I’m under contract to buy a 5-unit.

Outside of the 5-unit, it’s amazing to look back at the small amount of actual cash invested. The 1031 exchanges really provided that snowball momentum.

nice man! congratulation on your journey! I'm going on the same route!

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Originally posted by @Tyler Gibson:

Originally posted by @Tyler D.:

Hi BP,

I'm an OOS investor with a goal to buy property in FL over the longer term. I don't need an immediate cashflow, and would prefer the area that has the best long-term returns as a combination of CF and rent growth/ appreciation.

Orlando, Tampa and Miami are all very popular right now, but I don't know much about them aside from numbers I've read online and where they are on a map. I'd like to know your opinion on which of these (if any) are the best.

I'm also looking at Lakeland, as its location in between Orlando and Tampa seems nice, and it could grow along with them. According to google maps, it's a 40/60min commute respectively, so I'm also interested if people commute from there.

I work with out-of-state investors here in Central Florida. I think if Immediate cash flow is not a requirement then Orlando or Tampa would be my target. Lakeland is also a great investment market if you are looking to cash flow right away but I think Tampa and Orlando have better long-term growth outlooks. Lakeland will continue to grow but not at the same speed as Tampa and Orlando. Feel free to reach out if you would like to chat or have any questions.

I'll be retiring from the military here in Virginia in the next 2 years. Looking to move to central Florida particularly with an eye in the Lakeland area. I'm looking for Small Multi no lower than %.80 (1% rule). Looking for cashflow right out of the gate with cosmetic rehab possibility.

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Originally posted by @Corey Hawkinson:

@Aaron Duplex Very happy! And that’s after I just replaced a clogged/broken toilet at a unit earlier today. I agree with the earlier comment that it starts to snowball. I started very small with 1 condo. That has snowballed into 15 units assuming I close on a 5-unit.

Awesome!

When did you start?

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Good morning BP!

I'm currently looking for an Attorney who can review my Rental Application/ Lease before I put it to action.

Any recommendations for the Norfolk, VA area are greatly appreciated!

Thanks!

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@Patti Robertson Thank you very much ma'am!

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All Forum Posts by: Ramon E Alvarez

Ramon E Alvarez has started 8 posts and replied 29 times.

Post: Tenants moving because “Landlord is selling the house”

Post: In search of an Real Estate Attorney in Norfolk, VA

Post: I think I found a multi family deal.

Post: Looking for an Attorney in Norfolk, VA

Post: Multifamily Rental Investors in Florida?

Post: How are you doing with your rentals? Happy your still a landlord?

Post: Orlando vs Lakeland vs Tampa vs Miami?

Post: How are you doing with your rentals? Happy your still a landlord?

Post: Looking for an Attorney in Norfolk, VA

Post: Recommendation for Real Estate CPA in Norfolk, VA