All Forum Posts by: Craig Pfeffer

Be careful with buying a condo in a high rise. Many owners of them are getting hit with extremely high assessments lately because of the lack of structural integrity. Inspectors are evaluating all high rise buildings in Florida for structural stability. My condo had a $100K assessment in an 18 floor unit building in Destin. Many owners are having to sell their condos for much less than their value due to these high assessments. And if you purchase such condo, you either negotiate the assessment with the seller or take on the remaining portion due. So be careful with finding what "appears" be a great deal. 

I recommend talking to an elder care attorney and real estate attorney. You have a lot of options and I wouldn't recommend jumping into something you're not educated about.  

 Call Evolve. That is who I use and they only charge 10% mgt. fee. 

 I recommend a Signature S-4 which is what I have. 220 V. You can get one for $6,500 through Aurora Pools & Spas. 

 Check out Evolve. I have been happy with them and they only charge 10% mgt. fee.  

Thanks. I shouldn't have to borrow much because I'm planning on doing a reverse 1031 exchange with 3 of my local LTRs. 

Currently looking for off market STR properties in Southwest or Southeast Cape Coral.

I've yet to do a fire-damaged flip, not because I'm reluctant to do one, but because the opportunity hasn't presented itself yet. Great job!

Great job. What was your total rehab costs?