All Forum Posts by: Ken Lowe

I would consider Florida Markets like Port Charlotte and North Port. Rental returns are good and migration of baby boomers in my opinion will drive appreciation. We are agents in Naples but due to the higher price in our market we drive 70 miles North to buy in the lower range we can afford and generate better cash on cash returns for cash flow properties.

Good luck in what ever you do and remember as long as it pays for itself and has even small appreciation you are on your way.

I would pick the area you want to live first. There are always opportunities to draw on. We live and Sell Real Estate in Naples as well as invest 70 miles North in Port Charlotte and North Port as our investor focus is on Under 100K cash flow properties and flips while our average sale as agents is over 350,000 in the Naples Market.

We have 1950's properties that we have had certified to not have any lead based paint. There are licensed inspectors to verify before you buy in our market.

Conventional lenders will limit you to 10 loans unless they have an internal overlay with stricter limits. Once you have several properties you can pursue portfolio investor loans from local institutions based on your experience and the income from the properties. We work with portfolio lenders that will provide non recourse loans (no personal credit required) if you have 4 or more properties with net value over 500K providing sufficient income. These loans are made to business entities owning the properties and do not effect your personal credit for further purchases. If you segment out properties into corporate entities and finance on income you can use personal credit to acquire more and continue the cycle.

100% offices offer the most flexability but do not offer access to deals from seasoned agents that are in the higher end offices. If you have contacts and knowledge 100% offices are great. If you are trying to build a network and leaqrn from pros go where the pros go and make up the split from the knowledge gained.

2001 BMW Sport Wagen. Looks acceptable to Clients and is a work truck substitute :)

I am a Realtor in Naples. The Cap Rate of 5 to 6% seems low. I would expect a CAP of 8% with a facility that is around 80% full in this market if I was the buyer or representing the buyer.

I am a Real Estate Sales Professional in Naples. Our "Pigs" are 100K.  ort Charlotte and North Port were 30K homes with a little improvement can rent for 750 per month.  I have a mentor that has invested in Detroit for under 20K per home with very profitable returns from Section 8 rental.

For those of us with lower amounts of investment dollars the low end properties can make great rentals and if you can buy for 30, invest 10 and sell for a net of 50 that is a 25% return. Not a lot of dollars but great equity building to move up the ladder.

Not all brokers take 50%. e have brokers that charge $75 per month and a fee per transaction. These systems are good if you do not need office space. Also as your sales grow most brokerages increase your percentage of the sale. I recommend you look at all options for commission splits and broker services and determine what works for you.

If your target price range is $100,000 you will have to do a least one sale per week to make a good living with your current structure. In a 100% office you would lose the support to some extent but only have to do 2 sales per month.

We always plan our goals based on end dollars then back into the amount of sales required at our average transaction price and convert that to the amount of customer contacts required to acheve those sales.

Good luck in your new career. I Love both selling and investing in Real Estate.

Todd

I am interested in connecting. We are active in Port Charlotte and North Port and want to build our network.