Don’t miss a single show!

Listeners of the show will remember Jillian Bandes who, in episode 74, discussed what real estate investors should consider about building structure when looking at commercial multifamily investing. The project manager for Bandes Construction covered 6 hot topics on building structure and maintenance that investors should be aware of with commercial multifamily properties.

In this episode, we discuss Jillian’s first investment property….a single family home with an ajacent rental apartment.  She discusses razing the property, dealing with the local code and building officials and her plans on whether to rent the units or live in one and rent the remainder.  The property was purchased through a foreclosure and we cover the online methods now employed by Pinellas County.  Not only is this project about a potential home and investment, but Jillian is  passionate about blazing the trail for urban renewal and redevelopment in St Petersburg’s core and her unit is in the heart of a rapidly changing area.

• Residential property permitting and zoning regulations differ from commercial properties
• Property location
  • Choose property in an area you are familiar with
  • Walk surrounding neighborhood
• If investment property, define target rental market
• Due-diligence
  • If foreclosure property, know state of title (liens)
  • What is the property zoned for? Is property up to code? Accessory buildings permitted?
• Work with local and municipal officials
• St. Petersburg, Florida
  • Undergoing immense urban growth period
  • Investors need accessibility to invest in properties with potential for redevelopment/renewal
  • South St. Pete offers development opportunity and reasonable prices w/ proximity to cultural amenities

Jillian extends a big thank you to Carlyn Neuman of Tampa’s 360 Realty for helping to navigate online foreclosure bidding as well as to Katrina Trump of Bank of Tampa, for assisting with securing financing.

The post Ep. 96 Jillian Bandes: Making a Complex First Invest in Small Multifamily appeared first on Real Estate Investing in Florida.

Don’t miss a single show!

Nobody said real estate investing was an easy business. Aside from the hard numbers and financial side, commercial and residential real estate investing requires dedication and perseverance from investors and a certain ability to thrive under pressure. For many, these pressures prove too great of obstacles to find success as real estate investors. Invest Florida Show aims to provide its listeners of all investment levels with the tools and resources necessary to make actionable investment decisions. In addition to providing educational resources to our listeners, we also want to inspire would-be investors to make the first big step and invest!

This episode our guest is all about inspiration. Mark Nathwani is a real estate investing specialist and international entrepreneur. Mark has assisted in the growth and development of many businesses and currently serves as CEO of RAMS Real Estate Holdings, a U.S./U.K. based firm focusing on foreclosure properties and other sensible Florida real estate markets. Above all else, Mark believes the first step is the biggest one: want to get into real estate investing? Just do it!

Mark’s Tips for Beginning Investors:

• Single-Family Residential
  • SFR properties are relatively stable, secure markets for those looking to begin real estate investing
  • Florida has many strong SFR markets:
    • Tampa, St. Petersburg, Jacksonville, Orlando
• Investment Strategies
  • Tailor strategy to investment type:
    • Fix-and-flip, wholesales, holds
  • Invest based on yield as opposed to price and valuation
    • Yield is generally higher in complicated markets i.e. low-income housing
  • Choose a market and apply strategies that suit that market, don’t cherry-pick strategies from other real estate markets
  • Cast a wide net to find deals
    • Brokers, letters, bandit signs, banks, etc.
  • Never lose confidence in your deal!

To contact Mark with any potential investment opportunities or to find out more about his real estate investing services, visit his website!

The post Ep. 82 Mark Nathwani: Just Do It! Real Estate Investing appeared first on Real Estate Investing in Florida.