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2 February 2025 | 14 replies
I had hear the island is massively lacking in hotels so it makes sense there are incentives for developers.
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1 January 2025 | 1 reply
I want to develop my sales skills to negotiate better deals.
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28 January 2025 | 71 replies
Shortly after the crash my tenants learned that condo developers were renting out luxury apartments in the area for around the same rents I was charging so I was forced to lower rents. 1200/apt 2 1050/apt3.
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1 February 2025 | 30 replies
Or buy a Contractor display home in a new upcoming development.
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2 January 2025 | 2 replies
I would talk to some lenders getting land loans and development loans with no experience is next to impossible starting out..
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19 December 2024 | 7 replies
Quote from @Shelan Davis: I have house under construction in Cape Coral with Whitestone Developments.
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13 January 2025 | 10 replies
I'd rather pay for a platform whose revenue comes from subscription fees because at least they are developing features and functionality for the "right reasons.I've never heard of Digb (what kind of name is that?).
6 January 2025 | 1 reply
Every investor has their own path, and hearing different perspectives will only enrich your journey.Challenges in Real Estate Investing:Finding deals: In competitive markets, it can be tough to find good deals that make sense financially.Capital and financing: Finding funding, especially as a new investor, can sometimes be challenging.Dealing with tenants: Managing rental properties and dealing with tenants can be tricky, especially with issues like late rent or property damage.Market risk: Real estate markets fluctuate, and external factors (like economic shifts or local development projects) can impact property values.I’d be happy to continue the conversation if you want to dive deeper into any of these topics!
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11 January 2025 | 4 replies
I’ve developed a Comprehensive Investor Report (CIR) for a property in Palm Coast, FL, designed to be transformed into a luxury rental asset while serving as the foundation for a scalable asset management strategy.Here’s a quick snapshot of the deal:Property: Red Birch Lane, Palm Coast, FLCurrent Value: $350,000+Mortgage Balance: $165,000Current Equity: $185,000Investment Required: $177,500 (for luxury upgrades and optimization)Projected Monthly Rent: $4,500 with 2% annual increasesTarget ROI: Full 1.5x ROI for investors achieved in 9 yearsLuxury Features: Smart home automation, designer finishes, professional-grade kitchen appliances, and more.I’ve also structured a capital distribution plan with a waterfall approach:8% Preferred Return for investors.Full Return of Capital to investors before profit splits.Post-ROI, a 20/80 split (Investor/Management) ensures long-term alignment.
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13 January 2025 | 21 replies
I still think developing good relationships with brokers is the best way and will get you the best results quicker than going direct to seller.