All Forum Posts by: Todd Anderson

Monico,  It gust so happened that I washed a great webinar put on by Dave Meyer from BP.  on small Multi fam.  He explains how to evaluate and purchase.  The investors that I work with love the small Multi fam.  It is easy to finance, easy to rent, and appreciates with the market.  

Good luck.  

https://www.bigmarker.com/biggerpockets1/DM-Multifamily-2024...

Great information in the replies. This seems like a complicated plan for your first deal. I would agree with the thought that if you are looking for cashflow look to another area where there is cashflow. I work with a lot of investors from California, that can't make the numbers work there. I have a process in place in FL and NC to get turnkey new construction that cashflows day one. I even have a few off market properties in our inventory that have tenants placed. I would recommend keeping the first few deals simple, then when you want to get into the bigger deals with the development of new ADU you have some experience.

let me know if I can be of more help.  Good Luck.  

Koushik,  I will give you my input.  I work with investors to find new construction investment properties in select markets throughout Florida.  working with the investors that I do they find that the financing options with new construction are fare better that most resale homes.  some of our builders are offering as much as 7 points towards rate buy down.  This allows most of the investors that I work with the ability to get interests rates on new construction investment properties as low as 4.25%.  In today's market that is a game changer.  

The other thing to consider is insurance.  With new construction built to today's code the rates that most investors are finding are up to 40% lower that properties that were built even ten years ago.  

For your second question, that would depend on your equity.  I would not advise any of the investors that I work with to buy a property that does not cashflow.  Although it is harder to find cashflow today, investing for cashflow will cover a lot of the risk in a challenging market.  If you have some equity it may be better to look to deploy that into a property that does cashflow.

Hope that helps in the thinking.  let me know I I can help more.  

It seems that there are still people looking for both STR and annual in SW Florida. I have found with the investors that I work with that the changing factor is the inventory. Builders are still going as fast as possible and with rates high the buyer are on the sidelines. I have 3 STRs listed for sale right now and they are still showing 90% occupancy and strong revenue. Inventory is just very high and the economy is volatile in an election year.

Thomas,

I have worked with a number of investors like yourself, from the West Coast,  that want to move their investments into a more landlord friendly area that is growing.  There are a few areas that are growing now but still under fully developed.  I tend to recommend areas just outside the well known fully developed areas.  These are areas that the land is still relatively cheap and the growth is obvious.  We focus on areas in Southwest, Central, and Northeast Florida.  The other investors that I have worked with that have used the 1031 Exchange have found our proses and off market inventory very helpful in the transaction.  Please feel free to reach out to me directly to discuss the areas that are working best for investors right now.  

Three well preforming Short Term Rentals in Cape Coral Florida available.  

Each making between $55k and $70k in revenue per year.  Available in a package or separate.

All properties showing over 90% occupancy.  Get current book of business. 

TODD ANDERSON P3591537  

Build 2 Rent.  

Raj,  very sorry this is happening to you, but it is something I hear to often from other investors.  The builders were just taking on too many contracts to complete.  The builders that I work with are not having problems with materials.   
I have worked out a way to solve for this and other problems for the investors I work with.  Let the builder finance the build and close once the property has CO.  That creates synergy to get the project completed.   
I will be happy to share any additional information that may help.  

Roman,  it has been my experience and that of the investors that I have worked with are very excited about the future of the market in Cape Coral.  I agree that we have seen some slowdown this year but with the expected commercial development and the growth we think the appreciation is obviously. Let me know I I can help or give advice in any way 

Kelly,  I have helped a number of investors find new construction investments properties in the North Port area.  It is growing quickly and the need for housing is high.  Many of the investors that I have worked with have found our off market inventory perfect for 1031 investment.  Let me know if I can help in any way.  

Patrick,  I am an investor consultant with Build 2 Rent.  I have been a Real Estate investor myself since 1995.  I have invested in most every way that you can in that time.  I partnered with Build 2 Rent because I believe that it offers the best of all worlds.  It is turn key, we have boots on the ground, we have a preferred team to work with in every area that we have inventory, and it is a flexible investment that you own and control.  

Please feel free to connect with me and we can set up a time to go through our proses and inventory.  Tracy,  I am sorry that has happened to you.  the have found a way to solve for all the problems that you brought up and get you quicker to a place that your investment can be cash flowing.  

let me know if I can help or give guidance in any way.