All Forum Posts by: Shane O'Donnell

Hello BPers,

I’m looking for a property tax attorney in Orlando that can help us reduce our tax rate on our condo units in downtown Orlando.

Any referrals would be appreciated.

Hello Fellow BPer's,
I'm looking for feedback and info on "Ashcroft Capital" out of Texas. I may invest in multi family syndication deals that they do in Texas. Any feedback would be appreciated. 

Hi, both properties are in downtown Orlando. One in Thornton Park and the other on North orange Avenue just north of colonial road. 

I own two condo units that I've rented out on typical annual leases for the last ten years. I'm considering looking into the option of turning these units into Air B & B's. I've seen some recent news on local legislation but I'm unclear what things I need to consider in order for me to pull the trigger. I'd also appreciate any vendors, realtors, etc. that can manage these for me as AirB&B's since I don't anticipate doing this myself. Thank you.

Hello fellow BPers. I'm in process of buying my first multi family with a partner. We’re interested in the Greater Tampa area. 12-30 units. I’m looking to build relationships with solid commercial brokers in the area. Any recommendations would be appreciated! Thanks

Kurt, thanks for the reply. I understand the basics of owner financing but would welcome your thinking on this and why this is the Simple answer? Thanks again

Fellow BP'ers: I'm part time real estate investor looking to elevate my investment strategy into multi family. We've both been researching markets, educating ourselves on best multi family best practices over the past 8 months.

I'm a successful corporate exec and have been involved in real estate on and off over the last ten years (but not multi family).

Me, along with a partner of mine, plan to purchase a small to mid size multi unit property in the next 3-6 months (up to 30 units)

We could assemble a team in the area we're looking to purchase multi family but I don't have much expeience getting really creative with a multi family deal. SO.... I need help with ideas on how to structure a deal that we're considering.

Here are high level details on property:
* 18 Unit property (owner operator currently)

* 9 Units recently renovated (the remaining 9 units are being personally renovated by the owner/operator)
* Value add property for sure (raising rents, potentially finishing the 9 units that need renovating ourselves, etc.)

* Tier 2 City - B Neighborhood

* Property is Not cash flow positive while under construciton (50% vacancy now)
* Listing the property for sale privately - I could purchase if I can figure out a way to do so while it's under renovation

* Me and my partner have plenty of funds for a down payment

** What options could I consider, if the numbers makes sense, to purchase the property now, while being renovated so I can capture the upside? 

Thanks all!  Happy  to provide more detail where needed.

Hello Fellow BP'ers,

I'm in the process of exploring the KC area (downtown and surrounding areas) to purchase small to mid size multi family properties. Size range, depending on pricing, will be 8-20 units. I need some help with what current cap rates are for the areas. Also, if you have feedback on local market conditions I'd welcome that too.  Thank you! Shane

Hello fellow BPers. I'm in process of buying my first multi family with a partner in the Kansas City area. Platte City, MO has been brought to my attention by some connections I've made in the KC area. Any feedback and thoughts on this area would be appreciated! Thanks

Hello Fellow BP'ers,

I'm looking to purchase a small (10-60 unit) multi family property in the South Tampa Peninsula area in the near future. I'm hoping some of you could assist with realistic cap rates you've seen in the area recently.  Thank you - Shane