All Forum Posts by: Tchaka Owen

Looking for tips or Insite on purchasing a house with creative financing in Florda near the Space Coast or Treasure Coast. I have recently accepted a new job working 50% remote and 50% at Hospitals near Broward County. I will be selling my home in June when our kids finish school and then relocate to Florida. Current Home is in Shepherdsville, KY outside of Louisville. Please reach out if you have any tips, realtors in Florida working in that area. We would prefer to move between Port Sant Lucia and Melbourne/Viera Florida. Thanks,

BREIA is Brevard Real Estate Investing Association, in Old Melbourne at the Hell N Blazes.  They can be found on Facebook.  

I have been attending Space Coast Investors, at 524 N Harbour City Blvd the second Wed of the month at 6:30.  Facebook notifications.

@Priscilla Z. has hosted an experience group in the past that specializes on wholesaling…I hope she responds for a time and place.

CFRI Central Florida is the larger group, with classes offered. I am on their email list.  The Brevard Chapter meets tonight the 18th and tonight’s topic is “Ins and Outs of Insurance in a Changing Market”. At 5 Rosa L Jones Drive in Cocoa.  $10 entrance for non-members.

Hey BiggerPockets,

I am in search of an investor friendly agent in Brevard County, FL to help me out with finding my first house hack.

Someone with credentials and past history of helping investors with house hacking.

If this is you, please shoot me a message!

- Bob

Let me explain specifics for you. 

The neighborhood is Cocoa Village in Brevard county FL. To the east is Merritt Island which technically I could find properties that sold within a few miles but Merritt Island houses do not sell for the same prices as the rest of Brevard County as it is a desired location so prices do not compare. To the north and west of cocoa village is Cocoa. Now the portions of Cocoa that are close to Cocoa Village are the rougher, higher crime, and ultimately less desirable areas of Cocoa as a whole. Right to the south is Rockledge which is a higher end neighborhood. The only two comps I have found that sold "recently" that are comparable size and location were sold in 21 and 22...which we all know was a market unlike any we have ever seen so I cannot use those numbers. As to a realtor...I had found one that is investor friendly but has just opened a new short term rental himeself and has been to "busy" all of a sudden to help me with comps. He knows I would use him when I purchase a home but this market has been tough and while I have offered to compensate him for his time till I find a property he would not accept that and said just use me when you find a home. I am now having to consider finding a new realtor which I think I just simply need to do but makes me feel bad as he has been very helpful in the past. The problem is if he isn't timely in helping me figure out the comps then the property is gone before I get a chance to make an offer as everything where numbers are decent are being scooped up quickly. This deal was found through a wholesaler who has been very active with me and this property is potentially for sale. The wholesaler gave it an ARV of 275 but I feel all wholesalers tend to be a bit heavy on the ARV price to make the numbers look good. I like this home, and this location especially as I have always seen them go quickly if one goes up for sale. The wholesaler asked me to send him what I think the ARV would be IMO and what profit margin I am looking for and then he would go and take a swing at the owner stating he wanted these numbers so he knows where he has to start with in negotiations so he makes his money and I can still profit in the flip. This deal is far from being closed but it is one that I have first stab at myself. I'm feeling guilty considering a new Real Estate agent but when his promises are not being fulfilled then I guess I shouldn't feel obligated in my promises to him but I try very hard to be a man of my word. The lack of experience is frustrating but every endeavor I have attempted I have excelled at with enough time and practice and I am not planning to fail in this venture either. It is just keep grinding till I find a property where I know the numbers will work and jump in. The 2nd one cannot be as hard as the 1st. Thank you for your response and I will update how this one goes...if it even gets off the ground!

I am seeking a real estate broker who handles short-term rentals in Brevard County, FL. Please PM me. 

Hi All,

I am looking for some recommendations for insurance companies/agents to help me get coverage for some of my rental properties located in Cocoa Beach. Thank you!!

Yeah, but that doesn't get you as many clicks.  ;-)