All Forum Posts by: Tim Stuart

@Michael A DeAngelo Thanks for the perspective. That sounds like a great market for STR. I believe the current state of affairs would keep us from going down That road in the near future, but the potential is definitely there for a great return. Thanks again for your response!

Thanks for the info @Tammy Skeath were those properties on city water/sewer or well and septic? 

@Celma Khan

I was introduced to Rob and Deb at Whitestone developers DM me and I can send you their contact info if you’d like. 

@Carl Hebert What a house hack win! Invest in the cold climates and live in the sun.

@Tammy Skeath Stoked to hear that BRRRR success story! What was the first step in building your BRRRR team (assuming your double duplex purchase was out of California)?

Thanks for your response!

@Carl Hebert Thanks Carl! I appreciate your wisdom: Not all new construction is good construction. That is a very true statement...

If you don't mind sharing, where are you currently investing and are you happy with your returns?

Thanks!

@Stetson Miller thanks for your response I appreciate your feedback!

Hello BP Community!!

I am wondering if there's anyone out there that has experience with the New Construction Duplex model in SW Florida. I have been analyzing properties in that market and it seems appealing. Any thoughts?? 

The base models are offered at $300,000 and require earnest money to secure the lot of your choice, with the 20% down payment due upon closing once construction is complete. The models are 3 bed, 2 bath with a 1.5 car garage and rent for approximately $1300/unit. Property tax and insurance total around $525/month which includes the cost to maintain the septic system. Net cash flow is approximately $575 assuming a 9% property management fee. I feel the play here is the potential for appreciation over the next 3-7 years.

Thanks for your time spend reading my post!

@Andrew M.

Hey andrew. I recently purchased 5 turnkey rentals and I cash flow quite a bit more than $200/ month for each property. The benefit of turnkey is the level of passiveness and the downside is that you leave some money on the table, whether it be purchase price or management fees. Either way it’s a step in the right direction and I am pleased with my investments thus far.

I researched the Memphis market and it was really good in 2017-2018. Not to say that it’s not a great place to start investing, but I think there are better markets out there.

Marq Cobb at REI Nation is a great place to start to get your first contact in the industry. I used another turnkey provider and if you want to have a conversation about it I'll gladly share all details.

I personally invest in Baltimore and NW Indiana. The rents are 1% +\- and are both linear markets. However, the turnkey providers there have a bit higher price point around 135-155k.

Feel free to message me if you want to set up a time to talk as I think it may be a little easier to have a dialogue.

I wish you the best in your investments!

Tim