Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: John O'Leary

John O'Leary has started 27 posts and replied 662 times.

Post: SFR Buy and Hold

John O'Leary
Posted
  • Lender
  • Winter Park, FL
  • Posts 701
  • Votes 395

Investment Info:

Single-family residence buy & hold investment in Valley Village.

Purchase price: $165,000
Cash invested: $16,500

Minimal rehab, essentially carpet and paint

What made you interested in investing in this type of deal?

Great cash flow with equity already built in.

How did you find this deal and how did you negotiate it?

Local wholesaler in Central Florida.

How did you finance this deal?

10% down using a 5/1 ARM

How did you add value to the deal?

Carpet, paint, with minimal landscaping. Property was a newer build and was kept in good shape.

What was the outcome?

Kept as a rental netting over $500 per month

Post: SFR Buy and Hold

John O'Leary
Posted
  • Lender
  • Winter Park, FL
  • Posts 701
  • Votes 395

Investment Info:

Single-family residence buy & hold investment in Valley Village.

Purchase price: $165,000
Cash invested: $16,500

Post: DSCR loan, Florida Property

John O'Leary
Posted
  • Lender
  • Winter Park, FL
  • Posts 701
  • Votes 395
Quote from @Jossalyn Wallace:

Some DSCR products allow you to do interest only payments for so many years. I would ask your lender about that option as well .

Good luck with it! 

This is Correct. There is a 40 year loan with the first 10 years IO. You can also look at 5/1, and 7/1 IO options.


Post: DSCR loan, Florida Property

John O'Leary
Posted
  • Lender
  • Winter Park, FL
  • Posts 701
  • Votes 395

Hi Wendy,

I'd be happy to connect and see what options you have available to you. I'm in Orlando and can also give you investor friendly title companies and attorneys in the area. Lakeland is about 15-20 min away.

Post: Whats the best investor friendly Title Company in Northern California?!

John O'Leary
Posted
  • Lender
  • Winter Park, FL
  • Posts 701
  • Votes 395

Sorry, just read the post incorrectly 

Post: Whats the best investor friendly Title Company in Northern California?!

John O'Leary
Posted
  • Lender
  • Winter Park, FL
  • Posts 701
  • Votes 395

North Carolina is an attorney state, and Brent King Law works with investors.

Post: Searching for Wholesaler Contacts

John O'Leary
Posted
  • Lender
  • Winter Park, FL
  • Posts 701
  • Votes 395

Hey Charles, 

Are you looking for JV partners, or are you looking for deals to take down?

Post: What is the biggest difference in doing deals in Michigan and Florida? I am moving

John O'Leary
Posted
  • Lender
  • Winter Park, FL
  • Posts 701
  • Votes 395

Florida on average will be more expensive and in Central Florida good inventory is still tough to find.

Post: Looking for a video channel of someone doing flips in Florida

John O'Leary
Posted
  • Lender
  • Winter Park, FL
  • Posts 701
  • Votes 395

Alex Quezada is a big investor in the Orlando area with a Youtube chan, so is Robert Vasquez. 

Post: Realtor & Real Estate Investor in Ocala, FL

John O'Leary
Posted
  • Lender
  • Winter Park, FL
  • Posts 701
  • Votes 395

Hi Julie,

I'm in Orlando, and I own property in Ocala! Welcome to BP!