All Forum Posts by: Claudio Trevisan

Hello everyone, 

I want to start wholesaling investment deals. Upon the opportunity of me locating a deal. I would offer cash buyers two options. I will sell the contract to them for X amount or become partners in the deal (split the profits 50/50 or whatever we negotiate on). I plan on doing an immense amount of deals within the next 3 years. Should I get a DBA or an LLC for this? If so, why and when? After my first deal, fifth deal, before my first deal? I also have a real estate license. I am not sure if this will change or affect the matter.

Hello @Denise Mitchell I wish you lots of success

Hi Alan, I am a UCF student who has also considered investing in the area. My plan is to purchase a duplex-four plex, live in one unit and rent out the rest. I have not been able to find a solid investment which meets my criteria in this area; however, I have only been searching for about a month. I think getting in contact with a good real estate agent in the area could be helpful in finding the right investment. I will gladly update you, if you'd like, on any acquisitions or opportunities I come across in the area. For now I can give you the mind set of a student renter. 

I am going to assume you will be using the buy and hold approach. The absolute highest I have heard of a student paying rent is $1,000 a month. This is at The Retreat. I would anticipate a yearly turnover. Some students will want to stay at the same place for all of college. That will be four years at the maximum. Students will often switch apartments every year. Vacancy rate may go up during the summer. I would rehab everything with cheap quality. Most students (through my experience as a witness) will trash the place, punch holes in the wall after getting drunk, etc. This is not the case for all students. But its always best to be prepared for the worst. 

I hope this helps. I am not an experienced investor; however, I can give you the mindset of a typical UCF student. 

Great margins and job well done sir!

@John Kent thank you for the help and support. 

@Jennie Ortiz your welcome and best of luck. 

@Paul Amegatcher Thank you for the great advice. I will definitely get involved with my local REIA and look into the classes.

Hi everyone!

I am looking to get into the wholesale business part time while I'm in college for the next three years. I attend UCF in Orlando Florida. I am trying to find a Real Estate Wholesale business that would be willing to hire me part time so I can learn everything possible. I am more eager to learn and gain experience than be paid. I will work for free. However, money would be nice:). I have cold called several wholesale business with no success thus far. 

If anyone has any advice on where I can get a hands on experience with wholesaling real estate in the UCF area, please let me know. If there are any wholesalers in this area who would like to meet up and discuss business, please let me know. 

I hope I can become a skilled wholesaler to present the rest of the investors here with someone awesome deals. 

Yes please. Thank you so much! 

@Erica Muller 

Hello everyone!

I am so excited to be apart of this community. I am currently working on defining my portfolio criteria for my first investment. I am interested in multi family units, anything from a duplex to a 4-plex, for the purpose of buy and holding.  

However, I am having trouble defining some of my criteria for leads. I would appreciate any suggestions and corrections to my current criteria along with tips on how to develop the rest of my criteria. 

Current Criteria:

-Loan to value = 80% at maximum

-Cash flow Requirement = at least 10%

-Cap Rate = at least 8%

-Max Purchase amount = 70% hold 

-Max rehab amount = No clue lol

-Max time frame = 30 yr loan

-Town = West Palm Beach/ Orlando (UCF area)

-Neighborhood = no clue

-Property size = no clue

- lot size = no clue

- Property conditions = B rating? I'm not sure

- number of units = 2-4

- Appreciation Potential = no clue

If anyone has any suggestions for figures or ideas I can use to develop my own, please let me know. Thank you to everyone who took the time to help out a new investor. I can't wait to give back.