All Forum Posts by: Account Closed

 Partly right,

It depends on location of course but you can generate income outside of just rents and the more the better. I have a customer that just had Verizon build a small cellphone receiver on top of the multifamily building that he owns which generates income for just being there. vending machines, billboards, ATM,  Who pays for water? Is it a separate meter? Is parking an issue? many different variables all of these factor into your appreciation. With Commercial you have to ask yourself: "What can I do to maximize my income" And those answers, (If successful) will appreciate the property rather than most factors that you can't control with Residential.

I believe the challenge with investors overseas is they are going to need a person they can trust at the place they are investing in. Most Realtors are going to want you to overpay because they get a percentage from the sale. You are going to need to find someone that wants there clients to succeed. Tampa/Saint Petersburg Florida is a pretty good rental market.  The Real Estate market is pretty strong right now so it's going to take a bit of work to find good deals but very "doable".

As someone posted previously: DO NOT use Zillow as a guide. At times values can be way off, you are going to need someone that will run comps for you from the MLS. The MLS here in Florida is gold, it's the most accurate form of Real Estate data. Most Realtors has access to it so you are going to have to find someone in your target market. If you have any questions about my market let me know and I will help out as much as I can.

Exactly right,

Appreciation=Gambling  To be honest no one has a crystal ball and knows exactly what the market is going to do in the future. It's best to use appreciation as a "bonus" If it comes great, if it doesn't that is okay too. @James SyedYou are aware that appreciation is quite different in Commercial multifamily then it is in Residential right?

Before I started in Real Estate I had invested in every program under the sun. With all of that money invested I should've used it for a down payment on an investment property. Most of these "Guru" courses are a LOT of money. You pay up front and get very little value in return. Now they have people that work for them and they get a bonus every time someone signs up. So of course they are going to say: "The program is great...just sign here and you will see"

If I were to do it all over again, especially with the amount of money I invested. I would've became a Realtor because you are automatically assigned a team, I can call up my Real Estate Lawyer and he takes our phone calls for free in case I need to ask about anything in Real Estate. You learn about the Real Estate laws in class so you won't break any laws anyway, you also have access to the MLS so you can study what is selling in your area, Because at the end of the day it's all about what is selling and when. All of these are important for successful investing.

@Account Closed Thank you for your service.  Here is my favorite from Steve Harvey about jumping:  https://www.youtube.com/watch?v=-D3ArwpnClI  

Here is another one about dreams:  https://www.youtube.com/watch?v=bu0GTy1ZTnI

Good stuff!

I'm here on the other side of Florida if you need something let me know

@Chai Jonn

Like everyone mentioned what is going to be your investment choice? There is Residential and Commercial rentals and pick the right one that makes the most sense to you, (You can make money in both). Most people are biased, (Similar to Apple vs Android phones) so once you find a niche find people that are working in it. I'm here in Tampa/Saint Petersburg FL and it's a good rental market as long as you know what you are doing.  I'm picking up some rentals myself but not the average single family home. Let me know if you have any questions.

Start learning the investment game in California. The numbers are generally much higher there compared to Florida. Like everyone mentioned you can invest anywhere but keep in mind each market is different. You have some markets that are tough to find houses but easy to sell or Easy to find houses tough to sell them.

You don't have to move to Florida to prosper but start right where you are!

Go to your local Real Estate club and you can pitch the property there. If it REALLY is a good deal then you will find many buyers there!

If I had a choice and everything equal with a rental. I would pick No pool! too many things can go wrong and yes you CAN get sued. People can sue anybody for anything. (See guy that sued McDonalds for making him fat).

Brit,

What were the comps in the area like?