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When you’re a single-family real estate investor, there comes a time when you need to start thinking about scaling your investing. The question at that point is whether to scale through a transition to other asset classes or continue to scale through single-family investments. While some investors find commercial and multifamily assets to jibe with their investment strategy, you may find that you can still build your SFR portfolio while earning long term cashflow through single family tenants.

Single family properties may not seem like the most direct path to your investment goals, but an investment strategy focused on earning cashflow through long term single tenants can prove to be successful.

Earning Long Term Cashflow Through Single Family Tenants

Just ask John Schaub. John is an active single family investor, landlord and author in Sarasota, FL. 

Getting his start in real estate as a broker, John initially subscribed to the notion that – in order to generate true wealth as a real estate investor – he would have to invest in commercial and multifamily properties. However, he soon found that these types of properties demanded a lot more work to maintain cashflow.

This episode, John talks the merit of single family properties as a way to earn long term cashflow. He discusses how stable, long term single family tenants can offer a (relatively) stress-free investment strategy.

Contact John

If you have more questions about how you can build cashflow through single family tenants, check out John’s book: Building Wealth One House at a Time.

If you have a potential deal you’d like to share with John, contact him directly through his website at johnschaub.com

The post Ep. 153 John Schaub: Earning Long Term Cashflow Through Single Family Tenants appeared first on Real Estate Investing in Florida.

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Think you know the next hot real estate market?

Then you know a good real estate investment depends on more than just the property. It could have all the right physical features, but if it’s in an under-performing market, then the property will never produce a strong ROI. There are socioeconomic factors that affect an investment’s value. These factors can include: population growth, market supply, and municipal planning.

You can track these factors before making an investment decision using forecast models. You can track pertinent market data as it relates to an investment value. Real estate investors and developers use forecast models to determine what markets to focus on. They can also be used to track up-and-coming markets, so you can get a lead on the next hot real estate market!

There’s few more qualified to talk about forecast modeling than David Farmer. A recognized civil engineer, and city planner, Dave has been in the real estate industry for more than 20 years. He has extensive development experience and is the former Chairman of SW Florida District Council for the Urban Land Institute.

He now lends his extensive real estate expertise to Metro Forecast Modeling (MFM), a population forecasting and modeling firm in Lee County. As CEO of MFM, Dave brings his understanding of growth drivers to forecast analysis.

Find out how you can use forecast models to get a lead on the next hot real estate market!

• Population growth dictates housing demand which determines what development is needed
• 2 types of forecast models:
  • Aggregated -  wide-scale analysis of an entire metro area
  • Dis-aggregated - Analyses based on designated zones within a metro area. Lee County is divided into 1400 traffic analysis zones.

Florida Market Forecasts

• Lehigh Acres:
  • 1-2% vacancy rates, high housing demand
  • Need for commercial development
  • Poor planning makes aggregate development projects difficult
• Downtown Sarasota:
  • Can accommodate higher density than currently using
  • Multifamily and commercial developments replacing existing small structures
• Jacksonville:
  • Pent-up housing demand
  • 3000 additional units needed now
  • 1600 more needed by 2020
• Orlando (City):
  • High housing demand
  • 8000 units needed over next 3 years

Contacts

• You can contact Dave directly at dave@metroforecasting.com
• You can find out more about MFM’s services by emailing info@metroforecasting.com

The post Ep. 128 David Farmer: Get a Lead on the Next Hot Real Estate Market! appeared first on Real Estate Investing in Florida.

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Who is this man and why is he smiling?

This man is Bijan Gorji, a real estate investor based in Sarasota, FL. Bijan is a special kind of investor though. Bijan invests solely in one asset class–one often overlooked by other real estate investors–residential condos.

Bijan believes that residential condos as an investment asset class have been an unfairly neglected market for too long. Where others see problems, Bijan sees potential… and it is paying off well for him. Since moving to Sarasota from California in 2012, Bijan and his wife have acquired a portfolio of over 35 residential condos with plans to continue investing in more residential condos. This episode, Bijan will discuss why he settled on residential condos as his chosen asset class and why it should appeal to investors from a financial standpoint along with providing a brief overview of Sarasota’s real estate investment market.

• Pros of Investing in Residential Condos
  • Easy property-management compared with single-family
    • Low upkeep costs
    • Ability to self manage properties
  • Tenant profile allows fluid leasing
    • 1-2 bedroom units to working professionals or grad students; no families
    • Tenant turnaround quicker
  • Buy-and-hold investment w/ monthly cashflow
  • Hands-on investing allows oversight over all facets of investment
• Investing Tips
  • Check HOA regulations for condo before investing
  • Find properties within driving distance if self-managing
  • Finding tenants is biggest issue with residential condos: list on Craigslist, Zillow, Hotpads, etc.
• Sarasota Market
  • Huge amounts of construction (Multi-family and Single-family)
  • Rents steadily increasing across all sub-markets
• Inspiration
  • Residential condos offered stable investment asset class
  • Rich Dad, Poor Dad – Robert Kiyosaki

If you think you have an investment deal or if you have more questions about how to make money investing in residential condos, contact Bijan directly by email at bgorji@gorjillc.com

The post Ep. 95 Bijan Gorji: Making Money with Residential Condos appeared first on Real Estate Investing in Florida.