All Forum Posts by: Fab Ragh

Hello, I’m looking to start my business in Orlando/Kissimmee Florida Area. My plan so far is get a property under 150k and rehab for a flip. I have experience with renting out from my parents but this will be my first project on my own. Any tips and beginners guides you can refer will me most helpful. As I learn I will be sure to return the value you have given me to someone else. Thank you

1.How to find deals?

2. What do I need as far as a team?

3. How do I find out information on the neighborhoods in Orlando / Kissimmee Florida area?

4. How do I find contractors/wholesalers/real estate agents and people to do renovation jobs?

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Screen, Screen, Screen. Bad tenants can turn a beautiful dream into a nightmare. Also, 3x month security would be a nice cushion in worst case evictions. I’ve seen a post around the NYC asked for 5 months.

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I am interested as well and looking to learn of the potential in Orlando and surrounding areas. I’ve heard from word of mouth that Clearmont was somewhere that looks promising.

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Originally posted by @Timothy Maloney:

@Fab Ragh You're on the right track turning to BP! I have the unique perspective of looking at 100+ flips a month. What I see that works:

1. Don't over rehab the place. Chances are the NYC fit/finish demanded by the buyers would turn a FLA flip upside down.

2. Get with the trends - Even if you are high end (WPB for example) be 100% CERTAIN that your design choices match the highest comps in the area.

3. Get in and get out fast. Time is literally money.

4. Add X,XXX to the realtor's recommended selling price. Your home *should* set a new comp for the area and not simply match a home that sold in the past - presumably not freshly rehabbed.

5. Please keep a journal/diary of your daily activities. One your next flip you'll thank yourself that seemingly innocuous notes will really save you time/money. Example: Frank Smith with WPB code enforcement at phone # XXX was fair, fast and a huge Dolphins fan. Or King's Concrete never showed for estimate.

6. Keep posting updates to social media. Your friends/family will appreciate it and you may even find a buyer!

Good luck!

Thank you for the advice and taking the time to respond.

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All Forum Posts by: Fab Ragh

Fab Ragh has started 12 posts and replied 42 times.

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