All Forum Posts by: Steve W.

It all depends on what you're interested in, and what you're trying to accomplish. One person will say they are finding success in syndicating apartment complexes in Columbus Ohio. Another may say they are doing great Flipping lots in Arizona. Yet another will say they are doing well with vacation rentals in your home base of St. Petersburg, FL

What are your goals? What do you want?

If you are going to put a cash offer you will have to provide proof of funds.

 But in general, I am confused by this post. The title mentions being outbid by cash, the body says can't find cashflow. So I am going to assume you are having difficulty on both fronts. Here are some comments.

1. You said you made out nicely. Can you be a cash buyer? Lots of people pay in cash, and then refinance immediately, called delayed financing. This is so they have a strong offer, but don't sink all their capital into the deal.

2. In regards to cash flow...you live in a vacation market. Have you considered capitalizing on that? As in, vacation rental.

If your very successful agents sounded surprised, dig into that a bit more. "It sounds like you might be surprised I am considering Apollo Beach? Do you think Tampa has some better advantages that match my goals?" 

Red Tide stinks, it is seasonal, and it affects a lot of areas.

This article appears to be from about a year ago??

Wow quite the list.

I didn't know you could get a HELOC on an investment property.

Florida Credit Union can go all the way to 100% on owner occupied, what I don't know is what happens if you later move and rent out.

@Ryan Kelley In addition to what @Greg M. said, if you're in the market to sell, but there is an eviction ban in place, that's a risk to buyers. Ban goes away, less risk to buyers, sell for a higher price. 

If I were a tenant, I'd be thinking "ok, so I'm paying 1050 for a room, everything it included. Is this a good deal for me, or a bad deal for me?" In other words, I would *not* be asking how much these things cost you, only whether the price is worth it to me.

Sounds to me like you have a tenant that is going to be questioning costs all the time, or you priced it too high.

Rather than answer his questions, I would just point him to rental comps why your rent is justified and a good option for him.

Where in COS rents 3,000 per mo???

Was the property zoned for a duplex? 

@Roderick Jamieson are you currently stationed at Fort Carson or Peterson Air Force Base?

What are you looking for in the neighborhood? Up and coming neighborhood, or a neighborhood that has desirable amenities to attract tenants? Are you planning on rent by the room, and if so do you plan on renting to colleagues at the base or blasting out for rent ads to all of COS? Who is your target tenant?