All Forum Posts by: Will G.

draw a line through the middle of orlando going east/west, and stay above the line!

2% is toast until market corrects, but you could bet(gamble) on appreciation to fill the gap, but don't do that!

from what i can tell from pics, looks like a very limited amount of space in the crawlspace, which will make that impossible to repair from underneath, so removing tile and subflooring are in this buildings future to shore up/replace floor joists. An unvented crawlspace, if not air conditioned, will most likely be a nightmare, especially in hot humid climate. I would not touch a property like this, but if you really LOVE it, check with a crawlspace encapsulation company(if they exist there) and get a price to stop moisture rising from the ground and rotting your wood subfloor

Neat! but @ $281 a square foot, pretty pricey!

i vote no! I think keeping the rent amount lower, as long as kitch is clean and functional, is better strategy going forward. We have been too long pushing rents to the max, so imho better to keep rent competitive and do the kitchen when it is "necessary"  

I think restaurants may be rethinking as well. Seems the takout/delivery model would be more viable moving forward, and would save a ton of resources with no retail, high visibility location, much smaller footprint, delivery personnel instead of wait staff, no dishes to clean, etc. 

Wait, young people are the last to be affected by cv, so i doubt they have an incentive to move, except due to the new telecommute trend. If you can work from anywhere why not go to a much less expensive zone, but still have 1/2 hour access to city services?

I would suggest these while you wait to return, in no particular order:

Understand the r.e. cycle and the business/credit cycle, so it is not working against you.

Start learning about macro economics and never stop, so you can diversify all your future profits.

Hone in on your target market and start to learn what constitutes "value" in that market. Review new listings, figure out desirable neighborhoods etc, etc, basically be the expert in your neighborhood so you know a good value when you see it.

Expect to do all the work yourself, besides the obvious, (electrical), not to save money but to learn.

Tap into existing local resources(others on this site, etc) and ask for contacts(team members) to start building your network.

Don't loose money!(obvious) but that means buying deep value and understanding rehab costs, plus profit and buffer.

NEVER pay for mentorship, you don't need it! You can get plenty of support here and anyone who has actually "made it" in 

r.e.would not need to charge you for advice.

Lots more but good start,

not like we did not see this coming!

https://www.bloomberg.com/news/articles/2020-03-30/london-landlords-fleeing-holiday-market-pushes-down-city-s-rents

@Andrew Hogan, kinda my point, i don't see how this promotes trust? not really buying the "any publicity is good" if your business is built on reputation. He posted that video b.t.w., so what was the reason? scare his investors? recruit clients? NOT good timing!