All Forum Posts by: Tristan Beavers

     Hey guys, my partner and I have a waterfront duplex in Cape Coral, FL under contract, and we're considering renting the property to a company performing rental arbitrage through airbnb, etc. Does anybody know where I can find such companies? I was in touch with one, but she backed out. The property is located at 1006-1008 SE 38th St, Cape Coral, FL. Completely turnkey, just needs a little clean up. I find that there are THOUSANDS of sites and videos explaining how to approach a landlord to rent their property using this model, but as the landlord, I'm struggling to find companies to interview for the tenancy. Any advice would go a long way, let's connect!

 Don, this reply was actually insanely insightful, thank you very much. I'll take all of this into consideration going forward!!

     Myself and a partner have a property under contract in Fort Pierce, FL. It's a dormitory style property, with 17 bedrooms, and 11 bathrooms, as well as shared space for cooking and dining. The property has been difficult to obtain financing for, I'm wondering if anybody here is familiar with a lender for this type of asset. The address is 1305 N 19th St, Fort Pierce, FL 34950. The current owner runs a rent by the room model, bringing in about 10,200 per month in revenue at full occupancy. The previous appraisal done in 2020 valued the building at 800,000, we're hoping an updated appraisal will place this closer to 850,000 in valuation since we're seeking a loan as close to 590,000 as we can get. My partner who would be sponsoring the loan has good credit, and plenty of experience investing. If anybody knows any lenders willing to have a look at this with me, please reach out to me! I'd greatly appreciate it!

Just now seeing this, looking forward to the next one though! I've been having a hard time finding a REIA or something to attend without traveling 30+ miles lol

@Alex F chang

Excellent idea man, I'll be looking for ways to use this strategy after I reply to this thread. Time to do my due diligence on hard money lending.

@David M. Hey David, thanks for the thorough reply! I live in Jupiter, FL, and we'd be doing all of our flips in south Florida. the cheapest we're getting a deal (if it's a deal) is in the upper 200's. And that'd have to be quite the distressed property. I could utilize 100% of his funds to fund the purchase and the rehab, but that would leave his margin for ROI really low. That's what I'm trying to work around. I like the idea of leveraging his cash with a hard money lender allowing me to do more deals and yield him a higher return on his money since he'd have less invested in each deal. I am trying to zoom out and look at the annualized return as much as possible, I think that's the big selling point for him.

     I have a cash provider partnering with me in flipping houses this year. I've been doing my homework and developing a business plan for us to abide by throughout the process. However, I'm not sure which way I should bring value to my investor. He has $330,000 in cash to invest in a flip after selling his primary residence, and after talking about real estate investing, he told me, "You be the brains, and I'll be the bank. As long as you can get me a higher return than CD's, stocks, and mutual funds I'm all over it." After hearing that, I knew I've struck gold, I know for a fact that he can beat the market investing his cash in a few successful flips with me this year. The only problem is, I'm not sure in what form I'm planning on getting him that return. Should I borrow his capital at an interest rate, and keep the profits from the flip myself? Should I give him both interest and equity in the flip? Should we split profits 50/50? After thinking it out, I figured the safest and most profitable bet might be to split profits 50/50, but what if his 50% doesn't equate to a high enough CoCROI per flip? It's quite possible I'm totally over thinking this. If anybody knows what I should do from past experience, I'd greatly appreciate it! 

    Hey Daria! I've been looking around too, if you find anything let me know! I'm located in Jupiter right now, but I'd be happy to meet up anywhere.

@Account Closed Thanks Tim, you made some good points!

@Jeff Stephens Great response Jeff! However I choose to proceed I'll make sure I keep things comfortable and lead a "safe conversation" with the potential sellers. Thanks!