Newbie from Davenport, FL (Central Florida)

[Kurt Johnson]

Hi BiggerPockets!

I'm Kurt, I've just discovered this community and the podcast in the past week and have been consuming as much information as possible. Recently my wife and I have decided to start looking into Real Estate Investing in order to achieve our long term goals, and for me that opened up the floodgates to deep dive into this topic.

To digress, I'm a Technical Director for a Web Agency at the moment. Been making websites since the 7th grade, and fell in love with technology and computers. But now that I'm married, planning on having children, and inheriting my wife's daughter as my own, I'm really looking to increase my passive income and set a comfortable life for my family.

Right now, I'm feeling the terrible sting of bad debt that seems to come after a wedding, and just working through trying to pay that off as soon as possible.

So I do have a question, and I'm not sure if this particular forum is the best to do it in (I don't typically write in forums) but I've been trying to learn about how to find the right deal and have compiled a list. You can use it for yourself, I don't mind, but I'm just looking for feedback on whether or not I'm even thinking about this in the right way. By the way, my plan is to buy one house within the next year to rent out for passive income.

Bahama Bay, Davenport

• 2/2 Ground Floor Condo
  • $89,000
  • 1374ft2
  • Comes with Furniture, Washer & Dryer
  • http://orlando.craigslist.org/reb/5770886817.html
• 2/2 Condo
  • $75000
  • 1374ft2
  • No furniture, washer or dryer
  • http://orlando.craigslist.org/reb/5770814715.html

Leesburg, FL

• 4/2 Duplex
  • $18,500
  • 1516ft2
  • Massive Fixer Upper
  • Could rent each Duplex
    • Potential: $1800 - 2000
  • http://orlando.craigslist.org/reb/5757700325.html
• 2/2 Small House
  • $30,000
  • 720ft
  • Has a big yard supposedly
  • http://orlando.craigslist.org/reo/5770345342.html

UCF

• 3/2
  • $57,900
  • 1344ft
  • No pictures
  • Could rent each room to college students
    • Potential: $1800+/month
      • $600 or more each room
  • http://orlando.craigslist.org/reo/5770463111.html

HUD Homes

• 3/2 Home
  • $76,000
  • 1450 ft
  • Huge lot also
  • http://www.hudhomestore.com/Listing/PropertyDetails.aspx?caseNumber=091-492444&sLanguage=ENGLISH&zipCode=&city=&county=&sState=FL&fromPrice=0&toPrice=100000&fCaseNumber=&bed=0&bath=0&street=&buyerType=0&specialProgram=&Status=0&indoorAmenities=&outdoorAmenities=&housingType=S_C&stories=&parking=&propertyAge=&OrderbyName=SCASENUMBER&OrderbyValue=ASC&sPageSize=10&pageId=4
• 1/1 Condo
  • $46,000
  • 882 ft
  • http://www.hudhomestore.com/Listing/PropertyDetails.aspx?caseNumber=093-569976&sLanguage=ENGLISH&zipCode=&city=&county=&sState=FL&fromPrice=0&toPrice=100000&fCaseNumber=&bed=0&bath=0&street=&buyerType=0&specialProgram=&Status=0&indoorAmenities=&outdoorAmenities=&housingType=S_C&stories=&parking=&propertyAge=&OrderbyName=SCASENUMBER&OrderbyValue=ASC&sPageSize=10&pageId=6
• 2/2 Condo
  • $37,000
  • 945 ft
  • http://www.hudhomestore.com/Listing/PropertyDetails.aspx?caseNumber=093-608642&sLanguage=ENGLISH&zipCode=&city=&county=&sState=FL&fromPrice=0&toPrice=100000&fCaseNumber=&bed=0&bath=0&street=&buyerType=0&specialProgram=&Status=0&indoorAmenities=&outdoorAmenities=&housingType=S_C&stories=&parking=&propertyAge=&OrderbyName=SCASENUMBER&OrderbyValue=ASC&sPageSize=10&pageId=6