All Forum Posts by: Todd Hensy

Interesting points. I feel more comfortable with the stock market where I know the playing field is even. Dealing with RE sellers is frustrating because I don't know if they are hiding something from me.  Turns out the house has termites....now that's why he is selling his cash-cow.  

I did email him and asked to see his expenses and income. No reply yet. But I doubt he needs the cash when its a monthly long term cash cow. But good points.

Selling rental properties is almost along the same logic as someone is trying to sell me their money. Why would anyone sell their money and advertise...."I got 10 ten crisp 100 dollar bills.  It's legitimate cash - not counterfeit! It can be used to buy anything!"

Ok great - so why don't you use the money to take your wife out to dinner or use it as a down payment on a car? Why are you selling me your money?  *shakes me head*

Selling a home or a car --I can wrap my head around, but not a rental property that produces income.

I am browsing the market for more rental properties -- but I don't trust rental property sellers at all - especially if they are investors.

When someone posts a real estate ad....."Fantastic cash-flow property! Cash cow! This house needs little work, renovations already done and tenants are in it. Long term tenants too!"

My first question is why is he/she selling the property if it is a money maker? Why would any sane person walk away from cash flow or even a rental property?

 I can understand why someone sells a home - layoff, divorce, moving, etc. But anyone selling a "rental property" sends up red flags.

 This applies to anyone selling a rental property.

Anyone want to add what I am missing here?

Anyone know of top rated Real Estate schools in Daytona Beach or Orlando area?

Solomon, I have better advice -- go learn how to sell options. It is more fun and profitable.

You all gave me great information. I am heading down to Florida to scoop up some properties. I will buy a couple of duplexes and single family homes.  I know Tampa and Orlando areas pretty well and always knew they were hot markets for a long time.

@Stanley

@Stanley Parsley Thanks for the information and sinkholes.

@Erin Legler I will check out those areas. Is St Petersburg just as good as Tampa market?

I should buy something in Orlando, rehab it quickly and flip it if its a sellers market.

I don't know any millenials or younger people with money. Good point. It is so EASY go buy properties---its selling them that is a problem. HUGE MISTAKE. I will never buy anything with an HOA or a one bedroom anything. I finally got rid of the properties.

Anyway I recovered from it and looking to buy something to rent out and/or live in ---- in the Orlando or Tampa area. I would even consider Tallahassee if the price was right--as many had mentioned in here. You gave some good info on Tampa. Thanks for the information in Tampa.

Its amazing that your lawyer has 7 properties, rehabbed them and is trying to flip them while working as an attorney. He must put in some long hours. I am looking for a duplex or SFH. I want to keep it simple.

@Michael Haynes Do you have any time period of when the next crash will happen in Tampa?

@Shane Odom I am looking for a duplex.

Very good. I will check out Tallahassee when I go down there. Thanks.

I will pass on Orlando. The RE market there seems overvalued there.