All Forum Posts by: Dustin Fike

@Valentina Calla I started this year with Keller Williams in their Waterford Lakes office in Orlando. They have been great. I thought the training was really well done. And the Advantage offices (Waterford Lakes, Lake Nona, & Oviedo) have a coach that is included in the office fees that is very helpful. The coach will even help you stay motivated with investing goals, whatever helps your business. If you want to know anything else about it, send me a message, I'm happy to share.

This took a bit of a backseat recently, so I don't have any recommendations yet.  I just have a list of the banks I will be contacting: Seacoast, iBeria, CenterState, One Florida, Fairwinds CU, Spacecoast CU, Intracoastal, Sunrise.

@Kristi Stafne I'm excited to get started meeting people in person. Zoom is a great tool, but not the same, especially for meeting new people. I'm getting my first shot soon, so maybe we can meet up some time next month.

@Brian Gilbert, welcome to BP from a fellow Newbie.  Good luck with the equestrian addiction.  When I told my daughter I was going to be investing in real estate, her first question was how long until I am going to buy her a horse.

@Spencer Breeden, Thanks for the additional info.  Appreciate the tip on the multi-family zoned lots in Palm Bay.  Looks like Santos to Balem has city water, but not sewer and Agora to Corvair has both.

Following, as I am interested as well.  Rental property and umbrella.

I am just starting out and would like to partner on a flip with someone experienced who is willing to teach me.  I have saved up and am willing to take on all the financial risk by bringing all the cash needed for the deal for down payment, renovations, etc.  I also have plenty of time and effort to put into the deal in whatever way necessary.  I am looking to partner with someone with experience to take me through the whole process: bring the deal and show me how they found it, show me how they estimated the rehab, bring in quality vendors/contractors, etc.  What would be an appropriate profit split in this scenario?  Has anyone been party to a flip partnering like this who can speak about their experience with it?

@Account Closed, Thanks for that great write up! Very informative. You are correct. I was driving that SE area and passed by the Bayside lakes area. As for spending money on architectural plans and specs, I have a bit of an advantage there since I am a licensed architect. Though it still takes time and some money for environmental studies and such. I hadn't intended to try to change the zoning. I was originally encouraged by reading a few listings for lots that mentioned newly passed zoning that allowed ADUs. However, after doing a little more research, it appears the ruling allows for an ADU when the owner occupies the property. So, it would work for a house hack, but not for a 2 unit rental as I was looking for. Is there anywhere you know of around Brevard (or Orange county) that allows construction of small multifamily with lots that aren't priced prohibitively high? I am not opposed to building SFRs and renting them if the numbers work, but was leaning towards getting at least a couple doors per project if possible.

On a related note, I have been searching and unable to find an easy reference for the zoning/future land use planning for Brevard/Palm Bay. (Something similar to this for Orange County:https://www.ocfl.net/Portals/0... Starting on p. 12 is a handy chart that equates FLU with density and zoning.)  Does anyone know where I could find this info for Brevard/Palm Bay?

@Matthew Armstrong, The drive went well. My other business went longer than expected so I didn't have as much time as I had hoped. So, I focused on some areas with lots for new development. I think I found an area that may be promising in Palm Bay. Does anyone know what the rental market is like in Palm bay in the area west of I-95 and south of Malabar Road? There are a lot of available lots there and I noticed a number of lots with new spec construction. I need to check to see if zoning would allow me to build a duplex or ADU there and rent out both units.

@Kelly I. I would like to attend your meet up. I sent you a PM. Please send me the details. Thanks!