All Forum Posts by: Travis L.

We have a few rentals north of Tampa and rented out at the peak, so far they all seem to be staying again next year, although I don't think I can get a rent increase even to cover my cost increases.  We're in a good equity position so they can still drop 20% and not be underwater(rent or equity).  I've also been looking at these recent purchases and see the flips sitting and prices dropping, but not low enough to cash flow as a rental.

I'm looking for another rental but even with the price drops and higher rates nothing on market makes sense, we'll start to see some more off market or FSBO's start popping up. South Tampa has so many rentals and more properties coming up daily, waiting to see some 2020 or even 2021 pricing come back. Don't want the market to crash just a nice adjustment. Would love to get a south Tampa property in my portfolio, as a rental or primary whatever works.

I've started down this rabbit hole, looking into becoming a loan officer.  Found lots of different ideas of how this job looks just not sure what is realistic.  Was listening to a podcast that suggested it and liked the idea and sounds like it could be a good fit.  I have a few rentals and enjoy the real estate, like dealing with numbers and am finding I have a decent knowledge of how credit works.

What I really want to know is this something that can be done in tandem with my normal income source?  I tend to have a good amount of down time(but always "on"), which is mostly spent looking for real estate.  Even when I'm busy I can always make time for emails phone calls etc.  I could easily put 40+hrs a week in just not 9-5 everyday.

Great Thanks thats the path I was headed and seems to be the best option. 

Looking to purchase a lot for future use(cleared with power and water).  Not sure what my options are, we currently have 4 mortgages 3 rentals 1 primary so if they look straight debt to income could be an issue.  Rentals all have positive cash flow plenty of equity but don't really want to refinance anything.  We can do 20% down on the lot just trying to get an idea of terms rates etc and how.

Like you said it will fill, so I say the product is needed.  Also if you find lots not in developments you can build cheaper than buying and new build from a large developer, reno could be a better play.  My last deal was early this year and now things are a little crazier, I'm shifting to by a new primary and rent my old.

I love the build to rent model, for me it seems to be simple for now.  Wish I could have picked more up earlier this year.  Some people thin I'm crazy but I'm cash flowing and appreciating for now.  Having lost a ton in 08 I'm ready to hold longer term if needed.

What are you selling?? 

Zillow does when you are contacted thru their number, google also does it for my business as well but only when they contact through the ad number.  I was completely aware when I signed up and love the feature, no more miss written info you can easily listen and learn from what you said or didn't say.  For my business its great to monitor when employees answer to see why we lost a lead how they handle customers ect.  Again I have no problem but was 100% aware this goes, I thought it very transparent but if they canceled it I would feel differently.

Looking to get a 3rd rental.  We currently have to 2 cash flowing properties as well as a primary residence plenty of equity in each.  What is the best way to finance another property, or current debt to income is too high for conventional.  I'm self employed (10yrs) and the newest rental isn't in our taxes until next year.  We can do a 20% downpayment so would like to get moving but feel we may need to wait until after taxes are completed for 2021?  

Sounds like a mini split should fit your needs.  The cost savings really comes into not having to run new duct and make the house swiss cheese.  Mini splits have been around a long time and with the newer tech they control temp and humidity very well and are also come in higher efficiency ratings than standard split systems.  You've got some other benefits as well such as redundancy so if one head goes down it doesn't affect the other ares, however some of the newer tech can cause its own problems.  Getting replacement boards and diagnostics can be an issue but thats the same with higher end splits as well.