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All Forum Posts by: Todd Anderson

Todd Anderson has started 2 posts and replied 247 times.

Post: How long can builders keep up these ridiculous incentives?

Todd Anderson
Posted
  • Real Estate Agent
  • Cape Coral, FL
  • Posts 263
  • Votes 129

This is something that we are actively working with our builders to do.  There are able to keep their appraisal price high and make the purchase much more attractive for the investor by offering incentives.  

We normally push the builders that we work with to offer some type of interest rate buydown, some as low as 3.75%, and offer a package to the Property manager so that the investor can get free property management for the first 1--2 years.  

This type of incentive will allow an investor to cash flow as soon as the property is filled.  It also drives interest in Build to Rent and keeps the builders busy.  

Post: Am I too late to the game?

Todd Anderson
Posted
  • Real Estate Agent
  • Cape Coral, FL
  • Posts 263
  • Votes 129

@Janet Anthony,

First off, It is never too late.  With every investor that I talk with, they all have a different goal and strategy to get there.  There is a way, for almost everyone who is interested, to invest in real estate.   I think some of the people that are the profitable are the ones who keep their jobs and just invest for wealth growth

I love your Why.  That is the best reason to get started.  Because you have a solid Why.  I would recommend that you look at a strategy that many people overlook.  Look at New construction Build to Rent.  The investors that I work with find that they have less risk in a property that all the items are new.  With a turnkey Investment that can be loaded with incentives to make the investor more profitable.  You are also in a good market to find this type of investment.


Best of luck getting your husband onboard, and please connect with more questions.  

Post: New Investor (From California!) Looking for Advice on Out-of-State Rental Investing

Todd Anderson
Posted
  • Real Estate Agent
  • Cape Coral, FL
  • Posts 263
  • Votes 129

@Shyla Springmeyer,

Welcome to the BP community and congratulations on taking the first steps on your REI journey. You were in the right place to learn and get information that will help you make solid first steps.

I believe that you are starting your REI journey the right way. You found a job that you are good at and like, keep doing that job. Real estate investing is a marathon, not a sprint. It is a fantastic way to build generational wealth, but it takes time. At your age you have time to build your career and let Real estate build your wealth.

I started investing OOS 20 years ago just so I would not be able to manage my own properties. Time the distance made things very difficult. In recent years with the technology advances investing OOS, I believe has become much easier. While, I never discount seeing  a property with my own eyes, the technology of seeing properties from a distance has become much easier and more detailed.

When I talk with investors now they will ask why more people aren't doing this.  When you have found the right team that you trust, and that is looking out for your best interest, you can just let them know when you're ready for the next investment.  It will take some work on your part to do your due diligence, and make sure things stay on track.  It will take some work on your part to do your due diligence, and make sure things stay on track, but many investors find that they don't have to beat their head against the wall defined every deal.

You were putting the groundwork him know to build your knowledge. Once you feel ready to make your first step, you'll find that you can do this and keep your full-time job.

Best of luck and feel free to connect with any questions.  

Post: Excited to Learn and Grow in Real Estate!

Todd Anderson
Posted
  • Real Estate Agent
  • Cape Coral, FL
  • Posts 263
  • Votes 129

@Bobbie Russell,

Welcome to the BP community, and welcome to REI.

Get connected with your local REIA. You will be able to make connections there and maybe find some deals.

Central florida is still a great market to invest in.  I work with investors all the time that are finding good cash flow and solid appreciation.  It is a good time to invest if you find the right deal.  

best of luck on you REI journey. let me know if I can help.

Post: South Floridian buying in Central Florida?

Todd Anderson
Posted
  • Real Estate Agent
  • Cape Coral, FL
  • Posts 263
  • Votes 129

@Mat Garcia,

The investors that I am working with are finding the same thing in Central Florida right now.  We have been talking to investors about new construction investment properties in Central Florida.  

With some of the incentives that we are able to find from the builders that we work with we are finding cash flow day one.  This part of the state is growing nicely in population and jobs and has not been overbuilt.  When we negotiate with the builders for the investors that we work with we are able to solve for some of the biggest problems in today's market.  That being interest rates. We are also able to find builder will pay up to two years of the property management.  this also makes the properties create more cash flow.  

It can be done in the state you are in.

Best of luck and let me know if you have more questions.  

Post: Where to invest $1.4m to maximize rent? (Paying cash)

Todd Anderson
Posted
  • Real Estate Agent
  • Cape Coral, FL
  • Posts 263
  • Votes 129

@Shane Finnegan,

As others have said, this is very achievable. It is very smart to be looking at the new construction or "build to rent" space. Others have commented on the the pros of having a property that will not need Capex for the time you hold it. There are some great incentives in that space right now that solve for some of the problems that normally limit cash flow. We see some that include free property management and great rate buydowns.

Make sure the market you look for has good population and job growth.  It should also have lower land prices and most importantly it should have beneficial Landlord/Tenant law.

Many of the investors that i have worked with lately are finding this type of market in the Sunbelt states.  

Best of Luck and let me know if you have more questions.  

Post: New Investor looking to connect

Todd Anderson
Posted
  • Real Estate Agent
  • Cape Coral, FL
  • Posts 263
  • Votes 129

@Thierno Gueye,

Welcome to the BP community.

It looks like you've put together a nice tight buy box. On the forum, you will get a lot of opinions on where the best market to make your first purchase is. I think this is the most important step. For buy and hold work properly you need to be in a market that is growing in population and employment. It is also good to look for market that has good landlord tenant laws. Whether this be next to you in Houston, or in another market depends only on your investment goals.

I would caution you that if you were looking for an area that has good metrics and will get in the path of appreciation it may be hard to find 10% COC at 20% down. There are many deals available on the market but if you don't solve for one of the bigger problems in the market being high interest rates it's hard to make things cash flow at the levels you're looking.

I would be happy to discuss what we are seeing more and what we are being able to solve for.

Best of luck in your REI journey

Post: Jumping back in to Real Estate, wow how the world has changed!

Todd Anderson
Posted
  • Real Estate Agent
  • Cape Coral, FL
  • Posts 263
  • Votes 129

@Tammy Lewis,

Welcome back! There is no doubt that things have changed in the REI world. But on that point things are always changing we just need to find where it is going.

When I work talk with investors we work hard to try to solve for there problems in the current market.  For someone like you who has a W-2 to concentrate on a turnkey solution might be something to look in to. I would also suggest looking into a build to rent situation.  Many of the investors in your situation appreciate the lower and predictable maintenance that come with a new property.

The other major problem that this type of investment solves for is the interest rates.  We are maytimes able to offer rates below 4%

Good luck getting back into the game and let me know if you have more questions.  

Post: New to investing and eager to get going! :)

Todd Anderson
Posted
  • Real Estate Agent
  • Cape Coral, FL
  • Posts 263
  • Votes 129

@Will Pigg,

Welcome to the BP community. This is a great place to learn for the next leg of your journey and your entry into REI.

I understand the journey that you've been on. I have in the past three years, moved to Florida after selling two different companies that my wife and I built in Minnesota. I too love the area and have been working hard to start the next leg in my journey.

I have started working with investors lately, helping them find the right property to fit their goals in REI. Many people I talk with are very excited about the central Florida area. I would definitely get involved with the local REIA. That is a great place to meet with like minded individuals.

Please reach out to me directly if you would like to have a chat about what i have found since moving my investments to Florida.  

Best of luck on your new journey.  

Post: Starting out at 20 years old.

Todd Anderson
Posted
  • Real Estate Agent
  • Cape Coral, FL
  • Posts 263
  • Votes 129

@Lucas Shank,

Welcome to the BP community and tho REI. Congrats on making the decision to get started.

I would agree with the others who have said the best way to get started, if you can, is a house hack.  Find a duplex in a good area and fix up one side at a time.  

Do your homework on learning how to run the numbers.   Make sure the numbers are right,  this is the most important part of the proses.  You will make the deal work or not when you buy.  The market in SW Florida has some challenges right now, but there is also some good opportunity.  

Let me know if i can help in any way.  Best of luck