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All Forum Posts by: Nick Danaluk

Nick Danaluk has started 0 posts and replied 54 times.

Post: Electric bill is too high

Nick DanalukPosted
  • Investor
  • Port St. Lucie, FL
  • Posts 56
  • Votes 22

Make sure they are not running any grow lamps or the neighbors have not tapped into an outlet and buried a cable underground.

Make sure they don't leave the doors open too.

They might be trying to scam you or put the thermostat too high.

Post: Palm Beach accountant

Nick DanalukPosted
  • Investor
  • Port St. Lucie, FL
  • Posts 56
  • Votes 22

Pay a professional who will pay for itself and more. There is no way a non-professional could keep up with all of the changes or maximize avoidance.

I was looking to build in Loxahatchee in 2015, but the lot prep, dirt roads and well water were deal killers. The location was pretty good and the new stores along Okeechobee mean you don't need to drive too far to get groceries. 

I liked Jupiter Farms too, but for the same reasons did not build.

Post: Moving To South Florida

Nick DanalukPosted
  • Investor
  • Port St. Lucie, FL
  • Posts 56
  • Votes 22

If you don't speak Spanish, then you should stick to Ft. Lauderdale or Palm Beach. A great place to park some cash would be to buy vacant lots in 34953 or about 90 minutes north. Sit on them for 2-3 years gain more than typical returns. 

That zip got hammered in the financial crisis, but is coming back nicely. Properties were $5k-$7k in 2003 and topped out around $80-$100k in 2007. Retail is around $25k now and could make new highs like everything else very shortly in relative terms.

Post: Moving to Miami 1/1/18

Nick DanalukPosted
  • Investor
  • Port St. Lucie, FL
  • Posts 56
  • Votes 22

You won't get much in Miami for $1200/mo. I hope that does not include utilities. Miami is a hot market and I work there about 2 weeks per month. Doral and Miami Lakes as especially hot markets. Traffic is bad all over the city. 

What part of Miami will you be working? The financial center of Brickell is beautiful and you can buy a brand new studio apt. for $400k.

Homestead is experiencing new, rapid growth because they have the most vacant land in the Miami metro area, but it is at the very southern end of the peninsula. 

You would be best to buy or rent somewhere within 5 miles of where you work or prepare for sitting in traffic.