All Forum Posts by: Thomas T.

 Great insight. Thank you

Thanks for the feedback. I am not expecting unreasonable returns, but just trying to figure out what would be the best market to go into for LTR returns. Around here I normally calculate about a 30% overhead when evaluating a property, but I’m pretty sure I’m gonna have to bump to 40% to cover the increased insurance cost there.

I’ve seen a fair number of SFRs that look like they would provide 8% gross using the only tools I have available over here, which is rentometer and Zillow. That would probably net around 4.5-5% cashflow plus appreciation given my overly simplistic formula for cash purchases. 

Thanks, Lake. What's the CAP rate there for SFR and commercial?

 Thanks, Ty. Appreciate the feedback.

I live in the Pacific Northwest and have been investing in real estate here for years, but am considering retiring in Florida. I have a size-able portfolio that is a mix of commercial and residential. I didn’t acquire my portfolio by being some sort of an investment genius, rather, I just used profits from my business to buy whenever I had an opportunity. I then used most of these proceeds to upgrade the properties and make them more valuable.

Now I'm looking to sell off my assets and reinvest the money in Florida utilizing 1031 exchanges. I am open to commercial or residential. Probably leaning a little more towards residential, though for more stable cash flow. Further, I'm leaning more towards SFR than apartments. I am open to apartments, but my past experience with them has left a little bit of a sour taste in my mouth.

My question is, which town or community or area along the West Coast of Florida or the panhandle would be the best to move my money to for cash flow?

I spent the last phase of my investment career doing what I call snowballing. I kept rolling the profits into more properties and rolling the equity into more properties. Now I’m shifting my focus to retirement cash flow. I’ll probably take a bit of a tax hit in order to 1031 without carrying the mortgage across. I’ll have to pay taxes on the mortgage boot. That will leave me with a portfolio in which everything is paid for in cash and have maximum cash flow. It will also dramatically lower my risk profile so that I can relax in retirement. 

I’m open to most parts of Florida other than Miami and the surrounding areas.  So if you were moving there, which part would you move to if you were looking highest cash flow. Appreciation is nice, but not my primary consideration. All things being equal between two areas, if cap rates are similar, but one area is likely to have more appreciation in the future, that is something I would take into consideration, though.

I have worked with Peter Harris and first off I will say he is exactly what he says he is. He is honest and responsive and really knows what he is doing. 

I already owned a large portfolio, but wanted to learn some non-traditional techniques for acquiring properties. Within a month of my first campaign, I acquired a property that profited over $500,000 and I happily split it with Peter, because I would not have made the deal otherwise. My original investment was used to cover the split. He taught me what has taken him a career to learn in a very short time.

Beyond that, Peter has actually brought a deal to me that came across his desk. It didn't work out, but he tried very hard to make the deal work. He has even had calls with me while he was on vacation with his family. He's a really great guy.

I'm trying to find a tool that will allow me to analyze many properties over a vast area without having to wait on a realtor. Right now, I'm using Zillow with the filter set to only show sold properties on the map. It works, but it would be nice to have a reliable tool without all the work. My goal is to be able to analyze many properties as quickly as possible.

 Thanks, Aaron.

Does anyone know of anything that does what Rentometer does for home sales reports? 

I just discovered rentometer and I really like its reporting features. I'm using it to help me identify ROI on potential properties. Now I just need something that does the same thing for previous sale prices.

Zillow does show past property sales, but I have to click on each property sale one at a time. It doesn’t do a report based on distance and time like Rentometer does.

 I plan to go to that. Thanks, Levi.