All Forum Posts by: Petronella Kerssens

Hi,

We're excited to continue our investment journey in Lubbock, Texas, and are currently based in Europe. We're looking for an experienced agent who not only knows the local market well but also has a strong network of reliable property management companies ect.

We would greatly appreciate any recommendations you might have.

Thank you in advance!

Best regards,
Petronella

 send a connection request would love to ask you some questions, thank you for your help!

Good afternoon, 

After looking in Florida, we are expanding our search for an investment property in the Columbia, SC area. Due to insurance costs and high property taxes, we were unsuccessful in finding something that cash flows. We have heard good things about this area and are looking for an investment-friendly agent who has systems in place for out-of-state investors (we lived in Florida for 10 years and moved back to Europe). Who do you recommend?"

Regards Petronella

In order to make informed decisions, we are taking the proactive step of seeking advice from a CPA and Real Estate attorney. However, before consulting with these professionals, we are taking the initiative to educate ourselves so that we can ask higher quality questions and ensure we are making the best choices for our future.

We are seeking advice and guidance as we embark on our journey to invest in real estate in Florida. Our goal is to purchase a new construction home as our first investment, with plans to acquire four more properties in the next three years (4/2 around 400k with 25% down dscr loan) . We have carefully studied our options and are considering the best ways to structure our investments.

One option is to purchase the properties through a LLC for liability protection. However, we have discovered that this may result in unfavorable tax implications for us in Europe. As such, we are considering owning the properties in our own names to minimize tax burdens.

Our primary motivation for investing in real estate is appreciation, as current projections show neutral cash flow. We are now seeking advice on how to protect our assets while owning the properties in our own names, without incurring excessive costs that could lead to negative cash flow.

We are open to exploring creative solutions that strike a balance between asset protection and financial stability. Any insights, advice, or suggestions on how we can achieve our investment goals while safeguarding our assets would be greatly appreciated. We are eager to learn and make informed decisions that will set us up for success in our real estate ventures.

Good morning all,

I'm reaching out to tap into the collective wisdom of this community regarding a potential investment opportunity I'm considering. As an overseas investor, I've been carefully evaluating different options and have narrowed down to a particular buy box that I'd like to share with you all for your insights and opinions.

(FYI, We are trying to build a small (5 to 6 properties), high quality portfolio in the next 5 years, planning on putting 25-30% down)

The investment opportunity in question is a new build, single-family home with a 3-bedroom, 2-bathroom layout, accompanied by a 2-car garage, located in the neighborhood of Wesley Chapel, FL. My primary focus for this investment is on long-term appreciation potential and leveraging rental income to pay down the mortgage, in this case I have no cashflow.

Given the current market conditions, I understand that cash flow might not be immediate, but I'm more interested in the potential for appreciation over time and the ability to offset expenses through rental income. However, I'm open to hearing different perspectives and alternative investment strategies that fellow investors may recommend.

With that said, I would greatly appreciate any insights, experiences, or alternative investment suggestions that you may have. Do you believe Wesley Chapel, FL, aligns well with the investment objectives of an overseas investor, or do you see other compelling opportunities elsewhere?

Looking forward to your valuable input.

Best regards,

Renata

Good morning all,

I'm reaching out to tap into the collective wisdom of this community regarding a potential investment opportunity I'm considering. As an overseas investor, I've been carefully evaluating different options and have narrowed down to a particular buy box that I'd like to share with you all for your insights and opinions.

(FYI, We are trying to build a small (5 to 6 properties), high quality portfolio in the next 5 years, planning on putting 25-30% down)

The investment opportunity in question is a new build, single-family home with a 3-bedroom, 2-bathroom layout, accompanied by a 2-car garage, located in the neighborhood of Wesley Chapel, FL. My primary focus for this investment is on long-term appreciation potential and leveraging rental income to pay down the mortgage, in this case I have no cashflow.

Given the current market conditions, I understand that cash flow might not be immediate, but I'm more interested in the potential for appreciation over time and the ability to offset expenses through rental income. However, I'm open to hearing different perspectives and alternative investment strategies that fellow investors may recommend.

With that said, I would greatly appreciate any insights, experiences, or alternative investment suggestions that you may have. Do you believe Wesley Chapel, FL, aligns well with the investment objectives of an overseas investor, or do you see other compelling opportunities elsewhere?

Looking forward to your valuable input.

Best regards,

Renata

Good morning, everyone!

Wishing you all a fantastic and healthy 2024 filled with prosperity and success! 🎉

I recently made the leap to a pro membership here as I've been immersed in the complexities of real estate number crunching. The pro tools, especially the rent estimator, have been an incredible asset! Despite my efforts, though, I'm encountering hurdles in generating positive cash flow from the properties I've been eyeing. It often seems like I'd need an additional $400 to $500 each month just to break even.

While I've explored various strategies from podcasts, like "driving for dollars" and chasing off-market deals, the reality of being based in Europe makes these approaches impractical. My focus remains on the New Tampa/Wesley Chapel and Lakeland areas due to certain preferences and prior investments.

Our priority lies in long-term rentals, particularly newer properties or new builds, given our limited availability due to W-2 jobs and other real estate commitments in Europe. We're leaning towards single-family homes, preferably with a 3/2 configuration. Starting with a budget of $180k and an annual investment capability of around $80k after the first year, our aim is to acquire at least one additional property every year after for the next 2 to 5 years. Ideally, to start, we're targeting two properties with a 25% down payment for the initial purchase ($350k with 25% down), ensuring some positive cash flow considering the various income avenues long-term rentals offer.

Given our lack of income in the USA, DSCR loans seem to be our best bet. Despite thorough calculations, we've struggled to identify a property meeting our criteria while still ensuring (a small) positive cash flow.

So, here's my question for the experienced investor and realtor among you:

Is it still feasible to purchase a fairly new or new built property in a good location, making a 25% to 30% down payment, factoring in all costs using the rental property calculator, and achieve a break-even or a modest cash flow of $100 to $200 per month?

I'm curious to hear your perspectives. Are we perhaps attempting something that's just not attainable with current home prices and interest rates? What adjustments could we make?

Your insights and experiences would be incredibly valuable. Thank you in advance for any guidance or advice you can offer! 🏡💡

Regards,

Petronella

Thank you so much for your 2 cents and I appreciate your input. When it comes to Tampa for multifamily properties what areas would you recommend. For singel family homes I like New Tampa allot. What area would you suggest for single family homes. 
I totally agree that you should surround yourself with a great team. Do you have any recommendations for a property management company?

Thanks 🙏