All Forum Posts by: John D.

@Shawn G. Thank you for the referral Shawn. I will reach out to Kim.

Greetings everyone,

My name is John. I am in the market to purchase multiple single family properties in the outskirts of Orlando for long term cash flow. I am looking for 3 bedrooms with at least 1 1/2 bath in the $150K price range. My goal is to buy them with conventional financing, repair them to be rent ready (ideally less than 10K in repairs), and hire a property manager to rent them out. I am searching for properties that need work or are owned by motivated sellers that I can purchase below market value. Ideally, I would like to find a realtor that understands the market and neighborhoods I am interested in, works full time as a realtor, has a minimum of 8 years experience, specializes in working with investors, has a great reputation, and is personally invested in the same markets. If you think we might be a good fit, please reach out. I look forward to hearing from you. 

@Chris Grenier Thanks Chris. That is the strategy I am looking into. I'm still in the process of building my team, but that seems to be the best option for ROI. Ultimately, my goal is to obtain multiple buy and holds for long term growth. Any suggestions for locating such properties? I read about Home Path for foreclosures, but I am a little concerned about major rehabs being out of state and new to real estate investing.

Thank you all for the feedback. @Rashad Luckett I had not heard of the delayed financing exception. I will definitely look into that option. 

Hello all,

I am looking to purchase my first buy and hold property in the Orlando area and was hoping to get some opinions/advice. I am searching in the 130K to 150K range and I have the ability to pay cash. Does it make more sense to pay cash and then mortgage the property or is financing it up front a better option? From what I have researched, I will have more leverage on pricing with an all cash offer, but is the difference worth the additional fees, closing costs, etc. if I have to turn around and mortgage the property? Any input would be appreciated. Thank you.

John