All Forum Posts by: Joshua Lyon

I just got a great value add apartment under contract at a great price in New Smyrna Beach, FL. My attorney that I’ve used before is too busy to take on the project. I’m looking for recommendations for an attorney that can write a private placement memorandum and walk me through the legalities of raising private money. Thank you!

We had a lot under contract in Oviedo with plans to build a quad. Contractor estimates and building materials proved to be too expensive so we had to release the contract. We are looking for a contractor that’ll build a 5 or 6 unit in New Smyrna now. Looking forward to seeing the reply’s on this post.

BP Rental Calculator - Pro Forma

A fellow wholesaler has asked us to reach out and see if anyone might be interested in this off-market rental property. They have it under contract and will assign the contract. They are asking for cash-buyers only. Call, Text or email if you're interested.

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Thank you, Joshua Lyon

JTL Real Estate, LLC

WeBuyOrlandoProperties.com

Oviedo, FL

(407) 634-1833

See attached pictures and BP Calculator PDF's (Current and Pro Forma numbers)

1118 Peachtree St. Cocoa, FL 32922

Asking: $113k

Closing date: 6/7/2018

Rehab: $15k-20k

Rental rates could go to $600/650 each unit once updated ($2400-$2600/month)

$450 ea, solid renters currently

Each unit is 1/1, 4 total

$250 water and sewer each month

-Exterior could use paint job, but in fine condition. Does need shingles. Floors are all terrazzo. Window shaker units for the AC, nothing over three years old. Each unit has a kitchen, could use some cabinets, not a whole lot of upgrades in general, very small 18” uppers. No recent updates to bathrooms, has replaced vanities over time.

Hey Michael,

We've been doing a few flips over the last couple years and looked into building a duplex on a couple lots here in Oviedo. We even had one lot under contract for a few weeks but couldn't make the numbers work to make it profitable. Instead we've been focused on Multi-Family repositioning, wholesaling and partnering with investors on larger syndication projects. We have a good group of investors and a direct mail campaign going. We'd be happy to collaborate with another local partner on any buy and hold multi-family deals or partnerships we find. PM me if you're interested.

Have a great day,

Josh

Put it all on Red

Hey John Idasetima , welcome to BP! We’re searching for Multi-Family properties throughout central Florida as well. Just started a large marketing campaign. We’d be happy to share what we find. Shoot me an email if you’re interested.

Hey Jupshy Jasmin , Orlando Real Estate is growing fast. There’s a ton of class A type Multi-Family properties being built as well as higher end SFH’s coming from builders like meritage, Taylor Morrison etc. The starter SFH is in high demand and low supply but building costs inhibit it being cost effective to build more. The short term rental market like AirBnB is oversupplied and only allowed in certain areas mostly around Disney. Orlando is expanding out North, East, and West (Deland, Clermont and Oviedo). We’re focusing on repositioning 2-60 unit properties throughout central Florida. We’re marketing hard right now directly to the owners. If you’re interested shoot me an email or PM me.

Sean Schwebel I don’t have any experience with short term rentals and there’s only a few places (like Kissimmee) that allow it. It’s also very saturated. I’m in North Orlando and deal mostly with long term rentals. Single and Multi. If that interests you shoot me an email or PM me. Stay warm up there for now! Summers coming.