Houses rent faster than you can post them in this area..

There's been posts about people on this board building at 3% and the bank floated their rate to 8 or 8.5% over the year it took them to build. 

Originally posted by @Ned Carey:I would be talking to other investors in your local investment club or network.

There is some content related to cold calling, object handling, etc. but they do not post on this as much as Ricky and Brandon do.

I tried signing up for his 50/50 partnership that he posts on his Instagram.

Both properties fall into Class B- category and has no HOA and no rental restrictions.Here are the details for each property:Property 1:3 Bed, 2 Bath (1020 sq ft)Purchase Price: $250,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $50,000 + $30,000 (rehab) = $80,000)Projected Rental Income Post-renovation: $2100/monthProperty 2:2 Bed, 2.5 Bath (1168 sq ft)Purchase Price: $230,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $46,000 + $30,000 (rehab) = $76,000)Projected Rental Income Post-renovation: $1900/monthThe location is moderate, with amenities like shops, restaurants, a mall, and a baseball stadium within a 5-mile radius.Considering buying both as they are in the same building, the total cost and income overview would be:Total Price for Both Properties: $478,000Down Payment & Closing: $96,000 + $10,000 = $106,000Total Renovations: $60,000Total Price (Including Renovations): $478,000 + $60,000 = $538,000Total Out of Pocket: $166,000Projected Gross Rent Monthly: $4000The rate of interest for the mortgage is 7.5%.I am currently evaluating: A) The break-even point for two townhomes considering a cash investment of close to 32%.

Not sure about the rest but hey it was late on a Saturday night when posted, who hasn't been there before.   

Originally posted by @John Geldert:... 

Hello Anthony,I came across your post about long-term investment opportunities in Florida, and as a South Florida realtor and investor, I wanted to offer some friendly insights.

not enough information to give you an accurate quote.the only thing we can derive out of this post is $300 in materials and 5k labor something isn't right.