All Forum Posts by: Scott Schuetz

@Jordan Vance In my market beachside cashflow and appreciation do not go hand in hand. For example a $300k single family home will rent for about $2k per month and cashflow little to none by time you figure in, taxes, high insurance rates, capex... You can purchase a palm bay house for less than $100k that will rent for $1100-$1200 per month. Good cashflow but not likely to appreciate as rapidly as a more desirable beachside neighborhood. Also, I don't see multifamily appreciate as rapidly either. Most investors will value a multifamily property based on cashflow, not comparable sales. Also, we have a very low inventory of multi family units that come up for sale. Many of those are priced with little no no cashflow..

As far as finding your niche, normally it starts with the opportunities available to you. If you have access to funding or your own cash, you can start acquiring rentals. If you need to build up cash, maybe you wholesale or flip a few properties. The best advice I can give you to get started is to select a small geographic area that you like and become an expert in that market. Drive the neighborhoods, look at the sold listings, see the rental rates and demand. 

Sorry @Jonno Rushbrook I thought I mentioned the Palm Bay meetup to you. I'll email you info so you can come to the next one

Thanks Jonno Rushbrook Jordan Vance I would suggest you determine an investing strategy. Cash flow, appreciation, flipping, lease options... Also, what class of properties are you comfortable with? I've found a niche I'm comfortable in. I do flips beachside, have a couple Indialantic townhouses as long term rentals and stay busy as an agent. I can't tell you what the best strategy for you would be, but I'd be happy to share more about what I do and give you some ideas of what works in our area.

Jordan Vance welcome to BP and Brevard County. I'm an agent and investor, mainly in the in the beachside areas of Indialantic, Satellite and Indian Harbour Beach but do some business mainland as well. Feel free to reach out if I can help you in any way.

From my experience with millenials, that article seems spot on.  This was the line that stuck out the most to me

"Think about things that I’m going to experience in the home buying process that I can’t learn by googling things"

 I try to give them the info they wouldn't think to look up like ongoing maintenance, HOA issues, insurance tips and decorating/remodeling advice.

Condos and townhouses are definitely less time consuming for me. No exterior maintenance, lawn service or sprinkler issues... Keep looking at the condos and townhouses, you might find they work well for you. 

@Nicole Pettis Thank you very much for your reply. Great suggestions, especially about the kitchen. Color and warmth would really make it incredible.

@Wendy Vaidic it's on Paradise Bvld. We're not scheduled to close til the first of May. Let me know if you want to look at it sometime and trade renovation ideas

Here are some pics of a rehab we just completed. I think the design and materials turned out great, I'm really happy with rehab itself. 

This is my second attempt at staging and the first time I staged bedrooms. I'm happy with the result but I'm still learning about colors, design, style. I'm mostly winging it, any tips on improving the staging?

@Joseph Landis Multifamily properties beachside are tough because the insurance is so expensive and the asking prices are high. I sold both my duplexes beachside in 2014. I really like beachside townhouses and condos, I have two that are rentals. I can steer you in the right direction on which communities are the best for rentals, feel free to reach out. The cashflow is not great but I'm in for the appreciation. I know someone that does very well with Viera condos, buying them for a good price is the tough part there.

Hope that helps.. Also, I'm just beginning to seek out funding or equity partners on my flips. Let me know if you have any interest in that space.

@Joseph Landis Welcome to BP. I'm an agent and investor in Brevard county as well. Send me a message with the area and price range you're looking for. I might have something upcoming that will work for you.