All Forum Posts by: Zach Westerfield

I should be there see y'all tonight

Thanks for the help!

I recently had another rental go on the market in the fort Walton beach/Destin/niceville area. I had a request from someone wondering if I would accept section 8 tenants. Am I allowed to turn them down? My research indicated this can vary based on state but I didn't find much on Florida. What options do I have?

I currently live in this area and purchased a live in flip with a VA loan. I also have a couple rental properties. I have a few things to add. 1. Renting is not bad advice if you want to play it safe, however that will mean delaying your investing career. If you want to get started... 2. Live in flip is a great option. With the area heavily depending on a growing military base, I see it as lower risk for price fluctuation compared to other markets. Now there is always risk, but if you buy right there will always be a demand for family housing in this area, with a strong rental market as a back up plan. My advice is look for a 3/2 that needs cosmetic work, which you should be able to get a VA loan for. Stick to niceville, valp, and nicer areas of fort Walton where people will always want to live. Destin is a little more volatile but that's where my flip is. 3. Consider air bnb. With a strong vacation area such as this it wouldn't be hard to buy a SFR, and then air bnb extra rooms for supplemental income. My neighbor is in the military and does this. In this case you may want to look more towards the touristy areas, such as Destin or okaloosa island. 4. I think everyone would agree, multi-families are the golden egg, however hard to find. I have seen them here but if there are decently price they almost always go to cash buyers quick. There are some in crestview though. While crestview has some areas to avoid, it is a growing market with better cash flow numbers than fort Walton/Destin/niceville. If you really want multi family look there. Good luck!

Welcome to the area! I hope to see you at one of the local meet ups

Yes it has been a while I've been traveling a lot for work

I plan on being there!

Welcome to the area. It's a good area for but and holds in my opinion, I currently have two. I would suggest the meet up held monthly by @arriane lemire. It is a good place to network with local investors, learn the area, and find deals. Hope to see you there and good luck! Feel free to ask me any questions you have

Haven't been able to make it lately, I've been traveling for work a lot. But hopefully I will make it back soon!

A lot of the local banks offer some condo only loan packages that are pretty good. I remember that when I was calling around banks a year ago. My advice is to make a list of the local banks then call them up and ask what they can do for condos.