All Forum Posts by: Omer Sharvit

Greetings, Investment Community!

We are excited to unveil a rare off-market find in the sought-after Lake Worth Beach locale, which promises a diversified income stream with excellent potential for both short-term and traditional rental strategies.

Presenting a meticulously renovated triplex that embodies a blend of charm and modernity. This versatile property includes a spacious 3-bed unit on the ground floor, a 2-bed retreat above, and a separate cozy 1-bed bungalow, each with their own unique allure. An adaptable garage space offers additional possibilities for creative expansion or storage solutions.

Beyond its evident short-term rental allure, thanks to the booming local tourist market, this investment is a multi-faceted jewel. With close proximity to stunning beaches, cultural hotspots, and downtown vibrancy, it caters to a wide tenant base. The property also boasts a robust appeal to both long-term renters. projected short term rental income exceeding $124,000 and projected long term rental income exceeding $78,000.

We're providing an exclusive sneak peek to our BiggerPockets community before this opportunity becomes public. This investment is not just about high returns; it's about stability, location, and the flexibility to capitalize on multiple rental strategies in one of Florida’s most dynamic neighborhoods.

If the prospect of a versatile and profitable property excites you, send a private message here on BiggerPockets. Let’s discuss how this property can become the cornerstone of your real estate portfolio.

Act now to explore the full potential of this investment before it’s snapped up by the market!

Greetings, Investment Community!

We are excited to unveil a rare off-market find in the sought-after Lake Worth Beach locale, which promises a diversified income stream with excellent potential for both short-term and traditional rental strategies.

Presenting a meticulously renovated triplex that embodies a blend of charm and modernity. This versatile property includes a spacious 3-bed unit on the ground floor, a 2-bed retreat above, and a separate cozy 1-bed bungalow, each with their own unique allure. An adaptable garage space offers additional possibilities for creative expansion or storage solutions.

Beyond its evident short-term rental allure, thanks to the booming local tourist market, this investment is a multi-faceted jewel. With close proximity to stunning beaches, cultural hotspots, and downtown vibrancy, it caters to a wide tenant base. The property also boasts a robust appeal to both long-term renters. projected short term rental income exceeding $124,000 and projected long term rental income exceeding $78,000.

We're providing an exclusive sneak peek to our BiggerPockets community before this opportunity becomes public. This investment is not just about high returns; it's about stability, location, and the flexibility to capitalize on multiple rental strategies in one of Florida’s most dynamic neighborhoods.

If the prospect of a versatile and profitable property excites you, send a private message here on BiggerPockets. Let’s discuss how this property can become the cornerstone of your real estate portfolio.

Act now to explore the full potential of this investment before it’s snapped up by the market!

@Camile Case thank you for replying.

do you have recommendation for a specific bank or loan provider for value add/rehab loan. 

my Buisness partner is checking local banks now but they focused more on line of credit for the LLC (we partner in different retail and beauty business) and said they would check it and get back to us in the next couple of days.

we checked with US bank (doesn't do Florida) and lending one (doesn't do rehab loans) and both doesn't offer what we need.

we prefer finding a solution just for the rehab (60-65k) and then refinance the owner financing.

Hey guys!

Big fan of this great community… and would love to hear your advise.

Me and business partner purchase a multi family (3 units and garage) in Florida last august using owner financing.

The purchase price was 350k. The down payment was 25%. And according to Redfin (I know I know it’s not accurate the property worth 445k now)

We used LLC and the deed is on our name.

We are planning to renovate the property (our estimate is 60-65k).

Our plan is to refinance the owner financing loan after the renovations. And then do STR.

We thought about checking HELOC or home equity loan (I am not sure if it's a real option still a rookie )

Or even hard money loan for 6 months.

We thought about Home Depot “loan” or credit cards but I’m not a big fan of this option.

Please let us know your thoughts:)

We are open to private lender asan option abs would like to hear about great ones (ones that doesn’t make up fees or act shady or course)

Thanks!

Hey Raymond :)  it’s a buy and hold… 

hey guys!

I'm about to close my first deal in the area, and looking for a great investor friendly bank :)

I would really appreciate some recommendations...