All Forum Posts by: Quiana Berry

I know the landlord laws are not as friendly in these areas but I am looking to be close NYC and be near hospitals for travel nurses if I go that route. I know these markets are diverse but I would appreciate any pointers or contacts on where I should focus on.

*****I would love to learn more about which market/ location could work best for a househack with a midterm rental in the other units for travel professionals.

Best,

1 Vote

New York City, New York

Hello,

I am looking to buy a multifamily and househack in the NY, NJ, CT or LI area. The goal is to not be more than 1 hr away from NYC. Any one pulled this off recently and made it work? Any areas you recommend doubling down in ?
I know the landlord laws are not as friendly in these areas but I am looking to be close NYC and be near hospitals for travel nurses if I go that route. I know these markets are diverse but I would appreciate any pointers or contacts.

Best,

2 Votes

New York City, New York

Quote from @Quiana Berry:

Hello,

Im debating whether to use NACA or not because I don't want to be stuck for 5 years on a deal without being able to refi. The policy is to stay in the property for 5 years or you pay $25k lien they place on your house. However I just saw on their site they say this occupancy rule is unless you sell or refinance. It seems then refinancing is allowed. Any loopholes past NACA recipients are aware of?

Goal- buy multifam, house hack and refinance out

Thanks for that! Although not ideal for investors, Im torn because with the money saved on the down payment and closing costs you could buy down interest, put a down payment on another home in a cheaper place etc. But their policy confuses me regarding refinancing (I assume BRRR play is prohibited and reached out to them too) I need to somehow calculate if the money saved is worth the velocity and freedom lost in being able to buy when and where I want and buy in the way that will make the best ROI.

0 Votes

Hello,

Goal- buy multifam, house hack and refinance out

0 Votes

Quote from @Josh Green:

Quote from @Quiana Berry:

Hi! Im a first time buyer, interested in closing on a multifamily in FL market particularly 1. Orlando 2. Tampa 3. Jacksonville. Strategy: buy and hold.

Florida for lower taxes, sunshine and close proximity to hospitals (travel nurses), universities, parks/attractions and bonus the Caribbean and South America is right in it's backyard. Orlando is a top choice for proximity to Disney /amusement parks, hospitals, growing tech market, inland protection from hurricanes.

I am looking for a house hack investment deal around 700k with short-midterm potential. Willing to do light fixer upper work that doesn't require structural work. Home preference is No less than 4 bdr 2 bath and preferably some land and 40 mins- 1 hr tops from a city, close to hospital and/or university - potential target market.

Questions

Any investors have stories of what it's like in recent days out there?

Any recommended contacts or tips to build a team out there?

Is the insurance situation that bad with the reforms proposed?

Besides swamp land any other gotchas to be careful of?

Any guidance appreciated, total newbie here. Thanks so much!

I do house-hacks for clients and am actually house hacking a pool house with a guest house right now as a STR. I also co-host properties here in the Tampa Bay area for clients at a very competitive rate.

Its important to work with an agent that is doing these things if you're looking to get help in this area. I got a great insurance agent and insurance can be much more affordable if you have the right people.

For example, I've saved my clients thousands between insurance savings, contractor savings, property management and consulting strategy. If you're seriously looking in the Tampa Bay area feel free to reach out and we can connect. 👍🏼

Awesome thanks for the break down and details, will reach out.

0 Votes

Orlando, Florida

Quote from @Raymond J. Rodrigues:

Hi @Quiana Berry, if looking in the Tampa Bay area, I highly recommend @Josh Green.

If you are looking in the Orlando area, reach out to @Judson Osbon.

If you have any lending questions, please reach out to @Edward Tindale or I!

Appreciate these contacts!

0 Votes

Orlando, Florida

Quote from @Edward Tindale:

Hi @Quiana Berry, if you decide to look in the Tampa area, I recommend reaching out to @Josh Green. He is an experienced realtor in the area and investor himself as well.

Appreciate the tip

0 Votes

Orlando, Florida

Quote from @Jay Breitlow:

Quote from @David Vanlandingham:

Clermont is primarily in Lake county. If anything people may be moving to Clermont to get away from Orange County property tax hikes. I live 2 miles from Clermont.

wise counsel. property prices are still legit in south clermont and the data is fantastic for rentals. It's like the forgotten gem in orlando for STR.

Is this still the case?

0 Votes

Quote from @Mark Munson:

Hi @Caden Wakim

Read through this thread, it should be useful for what you are seeking. I operate a mortgage brokerage in Orlando, we have numerous clients that buy STRs here. Feel free to message me, I'd be happy to give you some feedback on any questions you have.

May I also reach out? Im also looking for short /midterm play, multifam in 700k range but would like to see how this market is doing first. Thanks!

0 Votes

Orlando, Florida

Quote from @Alice Horn:

Hi @Account Closed, we are property managers and have seen a steady climb in both rates and occupancy since March. We are now booked solid in our top-performing homes, with rates climbing over $500 on peak dates in the larger homes. We use specialized software to measure occupancy and revenue, based on actual bookings for the market as a whole..... we're happy to send occupancy/revenue reports on any specific properties you might be considering! Needless to say, this will vary dramatically by community and home size.

Hi, I would love to see those reports snd update on the market. Im looking to buy multifam in Orlando/Kissimmee area but would love to here how things have changed.

0 Votes

All Forum Posts by: Quiana Berry

Quiana Berry has started 8 posts and replied 30 times.

Post: Househacking Success in NY, NJ, CT??

Post: Succesful Househackers in the NY, NJ, LI, CT area?

Post: NACA loan pros and cons- Worth it for aspiring investors?

Post: NACA loan pros and cons- Worth it for aspiring investors?

Post: Out of State Investing in Midterm Rental Multifam in FL 2023

Post: Out of State Investing in Midterm Rental Multifam in FL 2023

Post: Out of State Investing in Midterm Rental Multifam in FL 2023

Post: STR (AirBnb/VRBO) Orlando—First Time Investor

Post: Vacation rental advice in Orlando, Florida

Post: Short Term Rental in Kissimmee/Disney Area