All Forum Posts by: Timothy W.

Quote from @Dana A.:

Hey Everyone! I am looking into the Florida Market (From Palm Beach to Miami) 

Crazy thought, have you looked at The Keys or the USVI? It's a different kind of market doing mostly vacation rentals but it's not as unattainable of a price point as you'd think. Lowest priced SFR in the The Keys right now is 350k. I had to stay in St Croix for a couple weeks for hurricane recovery and there's a Home Depot right there so that tells me managing a property wouldn't be impossible. Check out the one for sale at 38 S Slob Eb in Christiansted, VI. It's pending but at 495 it's not crazy. Needs a repaint bad. That view though is INSANE and it's on half an acre overlooking the ocean. You'd be like a Bond villain on that porch, lol. I will tell you thought the construction force is on island time, lol. However, if you have to put in the time to check on your investment, it may as well be awesome.

Isn't that the truth.  No one talks about their BRRROMG.  That investing in RV campgrounds is very clever.  I've been interested in doing something similar here.  Do you mind if I message you privately on that?

I'm going to disagree.  The degree is an acknowledgement of completion of a goal.  This is why in my profession when I'm mentoring young insurance adjusters on how to be successful, I repeatedly tell them to pursue industry recognized credentials beyond the license.  Usually, the license is great but that indicates you only achieved the legally required minimum to operate.  I have to specify "usually" because there are some professions where the degree is actually easier than the license.  However, usually degrees and credentials indicate optional goal achievement beyond the legal minimum requirement.

Quote from @Bob Stevens:

Quote from @Timothy W.:

Westchase has always been high.  That's because it's awesome there.  Used to live right next to it in Fawn Ridge and went to the Westchase coffee shop all the time.

Bought my Fawn Ridge house for 185k.  Those were the days.....

 I had a GF there, so was there often, Not a fan, jsut a concrete jungle, sure " down town" was ok, but IMO crazy high as is all of FL, 

YEP 185k, I remember LOL

All the best, 

 Concrete jungle?  Westchase is a golf course community.  Maybe I misunderstood you.  Westwood, right next to it, yeah.  That's the tricky thing about Florida.  You cross the street the neighborhood changes dramatically.

Westchase has always been high.  That's because it's awesome there.  Used to live right next to it in Fawn Ridge and went to the Westchase coffee shop all the time.

Bought my Fawn Ridge house for 185k.  Those were the days.....

This is the most accurate statement on investing in Florida I've seen.  I have a son with autism so I live near NASA where autism rates are high and thus services for him are the best in frankly the Eastern half of the US.  I like the particular community I'm in for now for what he needs, but I will probably choose St. Augustine at some point.  I'll take an aged port in a 200-year-old masonry wine grotto over a margarita at a tiki bar.  Prices are high right now but they are stagnating while rents are continuing to rise.  

I saw your comment re the Midwest and I get where your mind is at. One thing about the Midwest that is an advantage over Florida is the weather isn't out to destroy everything you own, generally. Even "good" weather here eats everything. Construction has risen to combat that but it still exists. Frankly if you had a modern Florida built house in the Midwest it'd last forever, through tornadoes and all. You might also want to be wary of HOAs. We don't have local zoning like most states. In fact the most recent update to our building code took away a lot of local code authority. What we do have to make up for that is a robust HOA bylaws.

Actually it is investing.  Investing means the commitment of current resources for a greater future return.  I didn't call it passive.  As to why I call it third grade math, that's when I learned percentages.

I think you're right.  AI is the new fracking.

 Something else I forgot.  Your real estate investments could just implode at some point and you may NEED to get a job for a while.  It could happen.

Multifamily investing is third-grade math.  It's just been, in my experience, the most pain in the arse form of investing that's out there.  That's why everybody CAN write a book on it and the reason they write the book is because it will sell because it's an investment people think they CAN do and they're right.  Anyone can do multifamily investing.  It's technically not that hard.  Attorney Robert Shemin wrote a pretty good book on it years ago that pretty much explains all you need to know, except for the pain in the arse part.  No one wants to write the real book about this "Multifamily Investing is a Pain in the Arse."  The reason you do it is it's an equity gateway into buying easier investments and the tax write-offs along the way.