All Forum Posts by: Jay Breitlow

Good question.  $50k as a downpayment can def get u started.  Are you in the position with credit etc to do a 10% down loan?  if so then yep.  come to Central FL.  I do have a lady who u could talk to to you to help ascertain your exact buying power.  let me know.  good human

@Sharonda Frazier I was going to ask if you were limited on budget but I see @Shawn McCormick has already given u spot on advice here.  The sub $500k houses are tough sledding.  AND because the BR plans are smaller they tend to cash flow considerably less.  BUT there are a few areas like regal palms and bahama bay that still do well cash-on-cash and u can theme heavily and REALLY maximize your returns b/c there is such a small area to theme.  Food for thought.  As u get closer shoot me an address and I can get u a helpful revenue projection to build out that pro forma!  

Here's to cash flow!!

Wow @Jimmy Woodard that is a BOATLOAD of cash for a PM! whew! We are in Orlando at 15% and don't have a contract.  I actually have someone in Tahoe who is full on boutique at 15% also.  Yeah anything above 20% and u are getting fleeced or they have a poor system.  IMO...

Hi @Gabe Nazario pleasure to meet you and get you any and all of these contact.  With that in mind it is our duty take care of everything on the list for you so you can get into the house you want.  Happy to talk this down on the phone.  give a ring or text anytime.

Yep sure do. Let's start with budget and level of work you are looking to put in. From there I can send you a list of my 13.5 favorite communities and suggest to focus on a couple areas. Set up an MLS drip and watch like a hawk. I can guide you with revenue projections on areas and even get granular with a specific address. Happy to connect offline also if you want to talk it down and really get a feel for ORL and what's up from down here.

good luck and welcome!

I would never advise wether something would be a good investment or not without significantly more data. We don't even have an address or HOA. The grove has a 49% management fee for instance. Versus we are 15% and cannot manage in the grove. need way more data and dialogue to make a recommendation and even then, I would only advise u by running a revenue projection and THEN you could build out a proforma from there. Not every property in orlando/kissimmee/davenport is a winner, and now with property prices they way they are - you MUST do much more due diligence to hit a home run.

BUT stick with in and keep building

Hi Raj!

Congrats on wading into the STR water. Couple questions to consider: The breakeven at 60% occupancy - at what average ADR? Does that take seasons into account? the good (xmas/july) and the bad (Sept)? Have u spoke to the HOA/on site PM? If you are, are you comfortable with their rules, minimums, regulations and limitations (if there are any).

Tax remittance in Osceola county, are you comfortable and familiar with them and their process? Does the HOA have a CDDN fee? How does the condo work the improvements? Can u use own vendors?

Just a couple to consider.  Very familiar with M'ville and their limitations.  And most condotels are the similar but not all.  GO GET EM! 😁

Hi @Eric Garcia, before I respond are you BRRRrrrring STR or LTR? B/c different answers near MCO for that question. 🍻

@Russell Brazil, and @James Hamling very well written wise posts here gents.  

With $250k you could do very well in Orlando on a large house with magnificent theme job done. I have some really cool data on the ROI on big theme room projects. But you are right, the market is blistering now!