Newbie from Orlando, Florida

[Domingo Santana]

My name is Domingo Santana, I am from Dominican Republic and just moved definitely to United States, specifically to Orlando.  I used to be a contractor in my country.  I own a couple of properties over there and wish to establish as a real estate investor here. I own an apartment here that I manage as buy and hold strategy.  After been browsing in the internet I found BP and I think this is what I was looking for.  I appreciate your time reading this post.

Kind regards,

Domingo Santana

[John Kent]

@Domingo Santana welcome to Bigger Pockets and our lovely city. 

Financing in place means that you discussed financing options with a lender and they have examined your financial ability and determined if they would be interested in lending to you or not. In smaller residential properties the common term used is mortgage pre-approval letter or mortgage pre-qualification letter. For commercial and larger residential properties there are a significant number of ways to finance a purchase so when asking if financing or funding is in place an individual is asking if you have a verifiable plan in place, in which initial due diligence is already complete. 

In Orlando the investor with no money waiting sellers' time has been a long running staple of our market. Generally, expect anyone here who has been in the business for more than a week to want proof from a buyer of available funding before they will consider and individual anything more serious than a time waster.