All Forum Posts by: Ben Morand

@Tyler Gibson Just sent you a PM

Also if you need any additional information, please feel free to tag me in the replies. Thanks guys!

Hey guys! My name is Ben Morand. I am a 20 year old college student and I am a new and aspiring real estate investor. I am eager to get my hands on my first deal, and after some extensive analysis, I found a property in my hometown, Orlando, FL that I am considering submitting an offer on.

SFR, 3 beds, 2.5 baths

Price: $65,000

Estimated repairs: $10,000

Estimated rents: $1,350

Estimated property taxes: $658

Estimated insurance: $202

Vacancy: 5%

Maintenance + CapEx: 12%

Management: 10%

Utilities: paid by tenant

With a conventional loan, I calculated an incredible CoC return and even better ROI. However, as a college student with no source of income (good credit score though, ~750) I will definitely need to utilize a hard money lender and refinance into a conventional loan after a year or so.

Even when taking a hard money lender into consideration, I found that with a 12% interest rate and 4 points (these are just estimates, I haven't yet connected with a lender), the CoC return still seems to be positive.

I am sooo excited and motivated to get my feet wet in the world of real estate, so if a few people would be willing to run my numbers and confirm that this is a strong deal, I would appreciate that so much! Thanks everyone!

@Shawn McCormick I appreciate that so much Shawn! I’d love to talk sometime about your experiences and your meetup also sounds really strong. I appreciate the help!

@Matt Nico Matt, thanks so much for the advice. I’d say my credit score is pretty solid right now (upper 700s) but I definitely am trying to build some more capital to bring to the table. I really appreciate your input!

@Anthony Dadlani Thank you so much Anthony! I hope to find a deal soon.

@Bailey Kramer @Charles Seaman Thank you both! I really enjoyed Bailey’s meetup and will continue to attend going forward! Hoping to find a few more as well because you can never have too strong of a network!

Hey guys! My name is Ben Morand. I am a 20 year old college student at the University of Florida and I am kind of new to the world of real estate investing. I have read several books written by Brandon Turner, J Scott, Robert Kiyosaki, etc. about real estate investing and my ultimate goal is to focus on small, 2-4 unit buy and hold properties that I can start out managing myself.

Right now, I am looking to meet some other new and experienced investors with similar goals in hopes to learn, provide input, and build connections for the future, so if anyone has any recommendations for some solid meetups in Orlando focused on small multi-family investing, I’d greatly appreciate it!

Thanks everyone in advance! I’m looking forward to meeting some new people!

Hey guys! My name is Ben Morand. I am a 20 year old college student and I am kind of a noobie to the world of real estate. I have read several books such as Brandon Turner’s Book on Rental Property Investing, Investing With No (and Low) Money Down, and Managing Rental Properties, as well as a few others outside of Bigger Pockets publishing. Right now I am also reading J Scott’s Book on Flipping Houses, and plan to follow it up with his Book on Estimating Rehab Costs.

My ultimate goal is to become an avid buy and hold investor, focusing on small, 2-4 unit multi family properties that I can start out managing myself.

However, right now I would love to dive into the world of rehabbing properties, as I feel this is a great way to master the art of finding deals, building connections, learning the renovation process, and building capital to ultimately reinvest into rentals.

I am focused just outside the Orlando area, in a neighborhood at the corners of Apopka, Altamonte Springs, and Longwood. I’d love to meet some other new and experienced house flippers in the area so if anyone would be able to refer me to some solid meetups, I’d greatly appreciate it.

Thanks in advance and I’m excited to get to know some other investors in the area!

@Bruce Lynn Thanks so much, Bruce! I appreciate the insight!