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All Forum Posts by: Thomas Boyd

Thomas Boyd has started 7 posts and replied 14 times.

Post: Looking for an 8-20 unit Multi-family property in FL- Know a good Commercial Broker?

Thomas Boyd
Pro Member
Posted
  • Rental Property Investor
  • Central Florida
  • Posts 14
  • Votes 4

@Gino Barbaro

Thank you for the recommendation! I'll reach out to Beau soon. Have a great day!

Thomas

Post: Looking for an 8-20 unit Multi-family property in FL- Know a good Commercial Broker?

Thomas Boyd
Pro Member
Posted
  • Rental Property Investor
  • Central Florida
  • Posts 14
  • Votes 4

Hello BP colleagues,

I'm an investor in the Greater Central Florida market that is interested in obtaining a commercial multi-family property (approx. between 8 - 20 units) in the next 6-12 months. I'm a Realtor, but I'm looking for an experienced and trusted Commercial Real Estate Broker in the greater Central Florida market, but open to North Florida as well. The CCIM designation is a big plus but not required. I thought this group might be able to provide some recommendations. Thank you in advance!

Thanks,

Thomas Boyd

Post: New Investor - Utilize Sales Development Skills to Help Investors Find Deals

Thomas Boyd
Pro Member
Posted
  • Rental Property Investor
  • Central Florida
  • Posts 14
  • Votes 4

Hi BP Family,

My name is Thomas Boyd and I've been a BP Pro member for a few months and I'm a new real estate investor. As I continue my investing journey, I wanted to see if any experienced investors had any needs for a Sales Development professional that could help locate potential investment properties? This would help grow your business and in return allow me to continue to grow my real estate acumen/knowledge. Please message me if you or other investor colleagues may be interested in scheduling a quick call to see if I may be able to assist. Better yet, I will be attending BPCON next month and would love the opportunity to meet in person and build my network.

Additionally, please let me know if you feel I should post in another location within Forums.


Thank you,

Thomas

Post: New Investor - Utilize Sales Development Skills to Help Investors Find Deals

Thomas Boyd
Pro Member
Posted
  • Rental Property Investor
  • Central Florida
  • Posts 14
  • Votes 4

Hi BP Family,

My name is Thomas Boyd and I've been a BP Pro member for a few months and I'm a new real estate investor. As I continue my investing journey, I wanted to see if any experienced investors had any needs for a Sales Development professional that could help locate potential investment properties? This would help grow your business and in return allow me to continue to grow my real estate acumen/knowledge. Please message me if you or other investor colleagues may be interested in scheduling a quick call to see if I may be able to assist.

Additionally, please let me know if you feel I should post in another location within Forums.


Thank you,

Thomas

Post: New Investor - Utilize Sales Development Skills to Help Investors Find Deals

Thomas Boyd
Pro Member
Posted
  • Rental Property Investor
  • Central Florida
  • Posts 14
  • Votes 4

Hi BP Family,

My name is Thomas Boyd and I've been a BP Pro member for a few months and I'm a new real estate investor. As I continue my investing journey, I wanted to see if any experienced investors had any needs for a Sales Development professional that could help locate potential investment properties? This would help grow your business and in return allow me to continue to grow my real estate acumen/knowledge. Please message me if you or other investor colleagues may be interested in scheduling a quick call to see if I may be able to assist.

Additionally, please let me know if you feel I should post in another location within Forums.


Thank you,

Thomas

Post: New Investor - Utilize Sales Development Skills to Help Investors Find Deals

Thomas Boyd
Pro Member
Posted
  • Rental Property Investor
  • Central Florida
  • Posts 14
  • Votes 4

Hi BP Family,

My name is Thomas Boyd and I've been a BP Pro member for a few months and I'm a new real estate investor. As I continue my investing journey, I wanted to see if any experienced investors had any needs for a Sales Development professional that could help locate potential investment properties? This would help grow your business and in return allow me to continue to grow my real estate acumen/knowledge. Please message me if you or other investor colleagues may be interested in scheduling a quick call to see if I may be able to assist. 

Additionally, please let me know if you feel I should post in another location within Forums.


Thank you,

Thomas

Post: Market Data, Metrics and Insights Tool Needed!

Thomas Boyd
Pro Member
Posted
  • Rental Property Investor
  • Central Florida
  • Posts 14
  • Votes 4

Great...thank you @Chris Seveney! I will look into these other tools. 

Have a nice weekend.

Post: Market Data, Metrics and Insights Tool Needed!

Thomas Boyd
Pro Member
Posted
  • Rental Property Investor
  • Central Florida
  • Posts 14
  • Votes 4

Thank you, Carlos. So Zillow can provide info like job growth, population growth, demographics (ie. median age, etc)? Also, what is ZHI?

Thanks!

Thomas

Post: Market Data, Metrics and Insights Tool Needed!

Thomas Boyd
Pro Member
Posted
  • Rental Property Investor
  • Central Florida
  • Posts 14
  • Votes 4

Hi BP colleagues,

What tools/software are you using currently to identify the best markets to potentially invest in? I’m looking for key data points such as population growth, job growth, demographics, etc. 

I’ve heard of Neighborhood Scout and a newer one called Bright Investor through the Rookie Real Estate Podcast. Looking for a solid tool that other investors are having success with.

I was hoping you could lead me in the right direction.

Thank you!

Thomas


Post: In the market to purchase 1st Duplex, Triplex or Fourplex in Central Florida

Thomas Boyd
Pro Member
Posted
  • Rental Property Investor
  • Central Florida
  • Posts 14
  • Votes 4
Quote from @Tyler Gibson:
Quote from @Thomas Boyd:

Hello BP Colleagues,

My name is Thomas Boyd and I'm new to the RE Investor world. I currently own a STR on the Florida East Coast with my brother in law. I reside in Central Florida and I'm interested in purchasing my 1st small multi-family unit (Duplex, Triplex or Fourplex). There have been some properties hitting the market, but have been scooped up pretty quickly. I've been looking in Lake County and Orange County but was curious if anyone is having luck finding deals in other markets (i.e. Osceola, Polk, Sumter, Hillsborough)? Ideally, I would like to self manage this property, so being within a 1 to 1.5 hour drive would be ideal.


Secondly, as I'm analyzing deals using the BP Calculator, I want to ensure I'm putting in conservative percentages for the expenses section. What percentages do you usually enter for:

Repairs & Maintenance

Vacancy

Cap Expenditures


I realize deals are certainly more difficult to come by, so I want to ensure I'm entering the most accurate data to analyze a potential deal. Any recommendations/suggestions are greatly appreciated. Have a nice week.


Thanks,

Thomas


 Repairs and maintanance will depend on the age of the home but I usually use about 10%

Vacancy in Central Florida is usually pretty low but 8% is 30 days so I usually use that for a turnover. 

CapX will depend on age of the home or how long since it was last updated. Typically I allot 10%.

Deals are challenging to come by but they are sill out there. You do have to move quickly. on anything good. 

Thank you, Tyler. This information will certainly assist when I'm analyzing deals. I may be connecting with you soon to discuss the Central Florida multi-family market. Thanks!