All Forum Posts by: Jay G

Was my questions to vague? If so, I will revise, just looking for any input.

Hello everyone,

I need guidance in regards to investing in commercial real-estate. I found this new town that is being constructed (thirty minutes away from me) in central Florida. I pass through this town once a month and I have watched it grow over the last two years. So far they have created many homes centralized on golf course, a school and one restaurant.

The nearest convenient store, grocery store, or recreational fun other than golf is twenty minutes north. The road that run’s passed “Harmony Fl” is 192, if you’re traveling south from Orlando, you would want to take this road as a shortcut to 95. The city is in the process of creating four lanes because of the traffic increase.

Here is what I was considering and I’m not sure how to assess the situation to determine if it would be viable or for that matter getting “started”. Would it be a smart move to purchase a few acres across from this town that is being built and build a Storage facility, Coffee shop?

I would like to put some form of business, so I can keep my current job and still maintain the property and business.

Thanks,

Jay

Also, here is the town http://www.harmonyfl.com/

Will do Bill

Thanks again.

Hi everyone,

Not to hijack this thread, but it seems we have a lot of entrepreneurs here and I was wondering what entrepreneurial route you have taken, and how did it lead you into real-estate.

Thanks, Jason.

Bill,

thanks for the post, I really appreciate the feedback. I will defiantly take into considerations IFREC.

””If you can afford to get into commercial property, the entire game changes. You should be cash flow positive day one. Problem is that takes a lot of cash.””

I have a substantial amount of cash available; I’m not really sure how to take on purchasing commercial property and building, e.g. a small business complex.

Last Saturday I went home for my b-day to spend time with my family, while the weekend pass my family proceeded to show me what has been built, since I left four years ago.(Not much, small hick town) This city is striving for modernization, but unable to reach it because of one to many rednecks.

I live in south Florida, where modernization/ culture are keen. I would like to build similar small business complex that we have here back home; however, due to my lack of knowledge in the business realm I’m unable to do so.

Does anyone have a “Commercial Due Diligence List” or any insightful information to lead me on the right track?

Thanks,

-Jay

Hi everyone,

I have a few questions in regards to Florida Real-estate exam.

1.) Is it possible to pass the real-estate (agent) exam without taking any classes?

2.) What books are recommended to study?

3.) How does RE- Investor sustain an income? By purchasing multiple homes/complexes and renting them out?

Any information will be grateful. Thanks everyone!

-Jay

Same here!

Melbourne, FL

Nightowl,

It depends on the location, but if I was to estimate (3-4K) I personal wouldn't suggest Palm Bay, it's turning into "Hood"
I would head 10 minutes north of Melbourne, check out the VIERA/SUNTREE great place to live, but much higher taxes. (5-6K)

Jobs:

Melbourne is geared more towards HI-TECH fields, we have a lot of engineering firms here. If you would provide me with a brief background I could list a few companies for you.

Take care,

Jay.

nightowl,

I don't know much about the real-estate industry, however; I do have a friend that works as a real-estate agent and she had to pick up a second job because of the huge boom and then aftermath of the decline.

I live in Melbourne, so if you have any question in regards to the area please let me know.

Take care,

Jason.

Jim,

Great to have you around the forum. I have a quick question for you. I'm in the middle of a job transition and I was wondering why you left the real-estate industry to become a pilot?