All Forum Posts by: Account Closed
Account Closed has started 1 posts and replied 104 times.
Post: Wholesaling in Orlando/Central Florida
- Lake Mary, FL
- Posts 118
- Votes 54
Is right on this.
I got a call from someone in Australia yesterday trying to wholesale me houses in Orlando. She lives in Australia and is making offers here and trying to wholesale. Sign me up!!
I have been working on a couple off market deals that I am trying to sell now. 42 unit apartment complex and 136 unit self storage complex in Central Florida. I will be posting in the market in a little bit.
Interested in Florida. Please send what you have. Thanks.
Post: Hud Home double escrow (closing)
- Lake Mary, FL
- Posts 118
- Votes 54
Not sure what its like in Miami, but I have done hundreds of these in Central Florida and there are multiple title companies that can do it. Short sales require transactional funding aka won't let you do a dry closing by taking c funds to close a funds. @Ryan Kopczyk has helped me a lot with this.
Post: New Investor from Orlando, FL
- Lake Mary, FL
- Posts 118
- Votes 54
Welcome @Richard Ellis
Hi @Mehul Mehta
I can help with almost all of your questions. We are a turnkey provider based in Orlando Florida. We offer properties that are renovated with tenants in place already cash flowing and can continue to handle the property management for you.
is with southeast professional title and I have been using them for years.
I have a mortgage company that can help foreign investors. They actually helped another investor of mine from Dubai.
I am a realtor and have my brokers license.
Let me know if I can answer any questions for you.
Post: Juwai JV for listing US properties in China
- Lake Mary, FL
- Posts 118
- Votes 54
@mark
I looked into this as well and still am tossing it around. The only thing that was holding me back was out of the properties that you can list only 2 can have descriptions and the others just have numbers. I still might give it ago. Have you had experience with them before?
Post: Off Market Multifamily Property Coming soon in Orlando Flordia
- Lake Mary, FL
- Posts 118
- Votes 54
@Account Closed
Please send my way.
Post: Meeting Investors in the Orlando, FL region
- Lake Mary, FL
- Posts 118
- Votes 54
I would be interested. Thanks
Post: Newbie in Orlando, FL
- Lake Mary, FL
- Posts 118
- Votes 54
Hi and Welcome to Bigger Pockets! I am a local realtor and our company manages over 600 properties in Central Florida. Let me know if there are questions you may have.
Post: Turnkey properties, what happens after the first year?
- Lake Mary, FL
- Posts 118
- Votes 54
@Account Closed
I work for a turnkey company in the Orlando Florida area. When I hear the word promise it kind of freaks me out a little myself. We can promise all we want, but there are unforseen things that nobody can control that can happen just like the stock market. At a 15% return we are factoring in rising rents and appreciation on the property. We manage over 600 properties in the Central Florida areas and 400 of those are in the Deltona area. That area is appreciating rapidly and so are the rents. Check out this article from the Florida Realtors webpage http://www.floridarealtors.org/NewsAndEvents/artic...
Shows a 9% growth in Deltona and Orlando isn't that far behind.
We sell turnkey houses with tenants already in place and those percents in place, but I am not going to promise something that I can't control. What if the tenant steps off a curb and gets hit by a bus, what if the house is struck by lightning (insurance will be in place), what if the government decides that they own all residential properties in the U.S.
I don't make promises but we are good at adapting and taking care of our clients. If something unforseen happens thats our job to step in and make sure that we are righting the ship to get it back on track. Thats what a management fee is for. Let me know if I can answer any questions.