Ep. 111 Todd Hutcheson: Getting Into Real Estate with Limited Cash

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getting into real estate with limited cashWould-be investors always want to know ways of getting into real estate with limited cash. Regular people interested in real estate investing may be put off by the idea that real estate investing relies on huge cash reserves or access to capital. They may wonder how they are able to become an investor on a limited budget.

Enter Todd Hutcheson

A native Floridian, Todd has been an active investor in Florida real estate since 2001. His firm, ibuyhomes.com, is a nationally ranked wholesaling platform connecting buyers and sellers close on deals all over central Florida. Todd lends his wealth of experience to several investor resources, like real estate investors associations (REIAs). He is a current board member and president-elect of the Central Florida REIA.

He is helping people discover that getting into real estate with limited cash is doable through strategic marketing, networking and continuing education.

Getting Into Real Estate with Limited Cash

Wholesaling Done Different

  • Marketing-based strategy
  • Find motivated seller, put houses under contract, assign contract to investor
  • Get paid on assignment
  • Close in 8-10 from signed contract
  • 100% cash-buyers

Investor Advantage

  • Wholesaling helps investors find unlisted properties
  • Some investors don’t have marketing prowess and need help finding deals

Minimizing Risks with Wholesaling

  • Reliable tool of cash-buyers to lessen risks
  • Investors with proven track record of deals more likely to close

Marketing & Finding Deals

  • 60% of leads through ibuyhomes.com
  • 30% of leads from new investors
  • 10% of leads from selective direct-mailings

Central Florida Recap

  • Hot market
  • Lower-middle class neighborhoods seeing high price indexes
    • Pine Hills & Deltona
    • $120-130k for SFRs, $850-1050 for rents
  • Buy-and-hold investors may see tightening, wholesalers not affected as much
  • Out-of-state and foreign investors wanting to buy
  • I-4 corridor is key barometer for state markets

Other FL Markets

  • Cape Coral
  • Gainesville – strong multifamily development rise

Resources and Tips

Contact

Want to know more about getting into real estate with limited cash? Email Todd: todd@ibuyhomes.com

Visit www.ibuyhomes.com or call (407) 617-4289 for any other questions

Central Florida investors, visit CFRI‘s website for events and news.

 

Ep. 99 Phillip Smith and Jason Schaller: What You Need to Know About Multifamily Design and Amenities

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Apartment investing is undergoing a profound transformation in regards to multifamily design and amenities. The age of the shoe-box apartment is over. Changing climates in construction, social trends, economic growth and consumer demand have forced apartment investors and developers to re-examine what apartments could and should provide tenants. Apartment investors, whether they are refurbishing existing buildings or developing new complexes, are taking a drastically different approach to multifamily design and amenity provisions. This episode, we are fortunate to have two guests lending their insight and experience to the changing perceptions of what tenants want out of an apartment space.

multifamily design and amenitiesPhillip Smith is CEO of Framework Group, LLC, a multifamily development and construction group based out of Tampa, FL. Phillip oversees acquisition, design and development of multifamily communities. Currently, Framework Group has projects under construction in Tampa, Orlando and Sarasota, with projects under contract in Jacksonville. Framework Group’s goal is to provide multifamily communities with location and amenities that highlight and promote the urban lifestyle. By pushing the envelope of what makes a sensible investment to what meets with consumer demands, Framework Group has become a major figure in and development, offering full-service, high end apartments in Tampa and along the I-4 Corridor.

multifamily design and amenitiesJason Schaller is Managing Director of Property Management for McKinley. McKinley owns and operates a $4.6 billion real estate portfolio, 35,398 apt. units and 21 million SF of shopping centers and office centers around the country. The Michigan-based firm has a special interest in Florida’s I-4 Corridor with much of their Florida portfolio focused on it. Jason currently oversees Mckinley’s line of boutique apartment projects in Tampa, Mckinley | Hyde Park. Jason brings over 20 years of design and construction experience to multifamily design, refurbishing older and historic buildings and adapting them to suit the growing urban lifestyle.

Amenities

  • Reinforce and promote urban lifestyle
    • bike-share programs
    • Canoe, kayak, bike storage
    • Outdoor kitchens
    • Functioning communal spaces
    • Technological integration
  • Health and Wellness Focus
    • Hot/cold plunge pools and resistance pools vs. traditional pools
    • High-end exercise equipment
    • Classes, training courses: yoga, exercise, massages
  • Pet amenities
    • Green spaces
    • Grooming

Multifamily Design and Development

  • High-end finishing/fixtures
    • Quartz counter-tops
    • Rain-style shower-heads
    • Upgraded moldings
    • Wine glass racks
    • Kitchen storage
    • Stainless steel appliances
  • Individual feel
    • Corridor entrances
    • Lighted unit numbers
  • Space
    • High ceilings
    • Larger rooms
  • Décor
    • Natural finishes
    • Authentic colors and textures

If you are a building owner in the Tampa area and you think it might make a great addition to the McKinley | Hyde Park portfolio, visit the Principal to Principal contact page on their website. To find out more about becoming a resident at a McKinley | Hyde Park project, visit the Apartments page on their website for more information.

Framework Group, LLC provides general contracting services and selective development consulting in addition to project development and construction. To find out more about current and upcoming projects along with services offered, visit their website.

 

Ep. 57 Albert Berriz – McKinley Bullish on I-4 Corridor for Multi-Family

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00f4451Florida real estate investors should be familiar with the name McKinley. With over 55 million square feet of commercial and residential real estate in 34 states, McKinley, Inc. is 37th largest real estate investment and management firm in the nation.

Albert Berriz, CEO, Co-owner & Co-Managing Member of McKinley talks with us this week about the firm’s special interest in Florida. The Interstate 4 Corridor, connecting Tampa, Lakeland, Orlando and Daytona Beach is favorite of McKinley for it’s unique position as a major economic engine for Florida. The firm owns and manages 55 multi-family communities along the I-4 corridor. Albert discusses the firm’s attraction to the corridor as a region of of immense population growth.

  • I-4 Corridor
    • Tampa/St. Petersburg, Lakeland, Orlando, Daytona Beach
    • 3/5 of Florida Residents centralized around I-4
    • 6.5 million residents (6th largest population concentration by geographic area in U.S.)
  • Economic Growth
    • 1.3 times over growth rate of South Florida
    • Panama Canal to introduce Port of Tampa to new markets
    • All Aboard Florida rail project to provide high-speed transit between Orlando and South Florida
      • Tourism/Entertainment
        • Theme Parks in Orlando and Tampa
        • Coastal attractions

For any investor seeking to improve their success in the real estate market, Albert believes that a mentor is an invaluable resource for investors. The expertise and understanding of a seasoned investor can provide knowledge and guidance to make actionable investment decisions.

Albert cites Colin Powell as a distinct influence on his development as a leader. Despite his focus in military and politics as opposed to business, Gen. Powell established himself as a true leader in his field and exhibits the qualities of leadership that can be applied to any individual.

Check out Colin Powell’s literature on leadership on Amazon

To find out more about Mckinley’s properties in Florida visit their website