All Forum Posts by: Stephan K.

We are always interested buying in Clearwater (sometimes Largo & Dunedin).

I own many properties in valencia park. We have bought a lot lower. 

We rent a completely renovated 4/2 (new AC, windows, floors, bathroom, kitchen) for 1500. 

A normal 3/2 goes for about 1150-1200.

We spent about 65000 on a 3/2 that needs renovation.

No trying to destroy your deal, but to give you some experience.

If you need more information let me know.

In Clearwater (and I do not know about other areas) the zoning needs to be right for short term rentals!

www.russellmphoto.com

I have never worked with him, but several people told me he is really good.

Yes, I am looking there all the time. Not found what I was looking for. 

Looking for Multifamily in Clearwater, FL

Cash or approved financing.

This was a year ago. We decided against acrylic paint. I have not found a company that does this for a reasonable price. Also, I have not found a brand that we could apply ourselves that did not have restrictions on the cleaning material being used etc. I was not confident that tenants would treat the painted BR properly.

(The reason I only need this to last for a few years is that we will replace that BR anyway.)

Thanks for all your information.

Good to know that I am doing good with my 5% loans.

I was told that one of the big guys does his multifamily loans with FHA funds, but I could never find out how - so it might be wrong,

Thanks for your answers. I have two offers from my local banks. We usually use them for our SFH.

However, both are asking for 5% and I was hoping to get lower.

So, basically this is to small for the really interesting funding options?

We have many, many SFH and work with local banks. We just had a new line of 1M approved for that. We usually pay around

However, I am looking at a small multifamily (12 units) that we would like to buy. It is about 700K. If possible I do not want to use the existing line.

We can't get conventional financing for our SFH as we have way more than 4/10 houses.

Do you know if FHA or other "normal" programs are available for the multifamily? Do other rules apply the for SFH?

I wanted to check out if it is possible to get better terms.

Any feedback is welcome!

Thanks

Stephan