All Forum Posts by: Obed Calixte

I'd be interested to take a look and see how it compares with the activity and discussions around gentrification in the Tampa Bay area.

Definitely start with lender to get an idea of what you can comfortable afford and that will help guide which direction you can go in.

Are you looking at Tampa or Tampa Bay (Tampa plus surrounding areas including St Pete/Clearwater etc) ?

how far off were your rehab estimates compared to the numbers the GCs provided? It sounds like the deal you backed out of was either very tight or there was a large difference in rehab estimate to bid.

Hey Terry - great first step in getting out of the shadows of analysis paralysis.

Since you're willing to get some leads, you can make a name for yourself if you can find great deals and bring them to the investors in your market either as wholesale deals or potential JV partnerships.

Do you have a second set of skilled eyes to look at your comp analysis? 

With the rehabs, do you have a relationship with a GC or even a trade that you can pick their brain to get an idea of costs?

Flooring, windows, roofs, paint, AC & water heater changeouts are relatively easy to get pretty good numbers for by making a call to reputable trade company or stopping by in store and talking to a rep. 

You have a very desirable knowledge and skillset with regards to the investment community. Looking forward to seeing your journey! And I am sure I’ll have questions in the future with regards to estimating and costs for particular items.

Michael - what's your level of comfort and knowledge of the Tampa Bay market?

Location matters in Ybor. 

You will be hard pressed to receive meaningful price range without know the address and seeing the condition of the unit/building, what features the building has etc.

This is a very unfortunate situation for the investors involved. I am glad this was shared as I was not aware of the situation and now it reinforces my efforts in ensuring I do even further due diligence into all investments -- no matter how "low risk" they may seem.

You can give Bronson Home a ring and see if they are a fit.

Bronsonhomeservices.com