All Forum Posts by: Slaven Slugic

Anyone has any recommendations on hard money lenders with good rates, quick turnaround?

Sure ill PM you and you can give me more details. 

Thanks for Replying, Carolina,
My credit score is close to 800 (shouldnt be a problem) last time I checked few months ago and property is long term rental producing good return. Also value of the property is up by 40%+ since i bought it. 

I'm thinking to get HELOC loan and was wondering if you have any suggestions on good lenders. I tried this few years ago and I remember experience was horrible. They asked for so many documents and information. At the end I wasn't approved.

Does anyone know how much older and newer office spaces rent for on monthly/ daily bases in Brickell? Also any good websites like airbnb but for office rentals?

Thanks everyone for getting back to me and suggesting different solutions. I appreciate it. 

 Thanks Rick. Yes i've actually already done some of that. I've got the new roof which didnt really do anything as far as the insurance. I ended up raising the deductible to 10k so that did make some difference. Last remaining thing which will save me money on wind is to replace some of the windows with impact windows. Those are expensive so I havent had the chance to do that yet. Thanks for the reply 

Im paying over 10k a year on my flood, wind and regular home insurance. Any advice or suggestions to lower my insurance bill would be appreciated. 
For context, my property is in a flood zone so flood and wind insurance are extremely expensive. However, maybe there are better insurance brokers or options that I am not aware off. Thanks

I'm a part-time real estate investor, currently owning 4 properties in the Seattle/Miami area. I manage both long and short-term rentals, with a preference for the latter. In addition to this, I've also invested in pre-construction condos in the Miami area. Alongside my real estate ventures, I maintain my full-time job as a Senior Engineering Manager in Software Engineering.

Investment Info:

Single-family residence other investment.

Purchase price: $630,000
Cash invested: $120,000

I've bought this property as a short term investment as well as a property I can stay at when I want to escape Seattle weather

What made you interested in investing in this type of deal?

Great value for the house in an upcoming neighborhood. Very close to the beach and short term rental is allowed

How did you find this deal and how did you negotiate it?

Personal research. Not too much negotiation. Could have been done better

How did you finance this deal?

Conventional loan

How did you add value to the deal?

Home improvements.
New Roof
Garage-> Bedroom conversion
Windows
etc...

What was the outcome?

Huge appreciation within few years due to pandemic and inflow of New Yorkers to Flordia