All Forum Posts by: Ryan Cleary

I have a few questions regarding wanted to buy a full duplex or triplex.

I would be using a HELOC on primary residence to get the 20% down payment + costs required to fix.

1. What is it called (form or process) to have the duplex/triplex be contingent based on the amount it will cost to fully renovate/rehab? (In other words, if it's too high, then I can cancel the buy and not have to lose any money)

2. Who do I need to hire during the process in Step 1? (is it just an inspector and that's it? What's the name of the position or person who can tell me exactly a price range for what areas of the duplex/triplex need to be fixed and how much they cost?)

So I basically would want a person who looks at the whole house and gives me the appraisal cost, the areas that need fixing (ex. kitchen cabinets, tiles, bathrooms, plumbing, electricity, etc.), and how much the cost would be.

Then this way, I could decide to proceed or not based on the assessment. Not sure, if this means hiring multiple people (one for appraisal, one for inspection, one for cost estimates)

3. Last, how do you find the ARV? (After Repair Value; is this another person you have to hire?)

4. Any websites or groups people recommend for Florida to find full duplex/triplex/quadruplex?

Hey, my name is Gavin and I am a highly motivated beginner wholesaler in the Brevard County Florida area. I am looking to make some connections near me and perhaps even some partnerships. I love this field so far and real estate is what I'm passionate about. I have all of the drive to be successful in this business and I have finally taken action. I encourage you to reach out if you are in or around the Brevard Florida area and in the real estate business. I look forward to hearing from all of you and taking on this journey with all I have. I am not delusional about the amount of work this will take but I am extremely excited to be starting. I already got my first property under contract after only 5 days of calling but as I am looking more into it I think I may have made a few mistakes. Thank you all for your future advice and guidance.

Hi everyone, what are you thoughts on the Boca Raton rental market. Is it booming? Or slow 

Do people actually rent single family homes for $4000 ?   

I always felt families buy homes and retirees buy homes.  But who actually rents?

thankful for any feed back

First time trying to buy a rental (single family, duplex, triplex, quad) in Florida. Goal is cashflow positive with 20% down. Looking around Jacksonville, Orlando (of course Disney is the attraction point), Fort Lauderdale or anywhere close to Atlantic.  I have looked at about 20 plus properties with no luck. I need some serious help. 

Hi everyone. I've been a listener of BiggerPockets podcasts and reader of BiggerPockets books for quite some time now and have finally decided to join as a Featured Member. My areas of interest are residential real estate investment deals here in Florida and Private Lending (Hard Money/Bridge/etc.) all over. Looking forward to making new connections and contributing to the discussion. 

Best,

Joe Morello

Dynasty Capital Group, Inc.

Dynasty Capital Realty, LLC