All Forum Posts by: Laura Israel

Yes that's the one. Good luck!

 @Alan Yanik,

I'm just getting started as well. I'm also in the Clermont area. I have found a local Lake County chapter for CFRI that meets monthly, I'm planning to go next month but haven't been yet. There's also a monthly meet up in Eustis area for repairs estimating that I've been to once. Good luck getting started, networking, and saving!

Laura

Darden. Parent company of Olive Garden, et al.

I'm looking for some advice. I'm saving up money to buy our first planned rental or flip (haven't decided). However, I work for a Fortune 500 company that has a pretty good employee stock purchase plan also. My question is, should I take  the money that I'm saving and invest in my ESOP instead?

For more details in the ESOP, I can take up to $20,000 of my paychecks per year (maximum $5,000 per quarter) at a 15% discount of the lesser of opening or closing price for the quarter. The stock price has been rising steadily/slowly the last year and I feel somewhat confident it will at least stay flat. I have to hold the stock for a minimum of 1 year. I'm already investing in it, but only at $650/quarter.

For real estate, we're not complete novices, we have 1 accidental rental when we moved that cash flows nicely, and would like to invest in more deals. We live on the outskirts of Orlando, in the Clermont area, and would be looking for fixer upper under $150k. At current savings rate, we probably have enough for down payment at 20%, rehab, and holding costs in 6 months to a year.

Thanks,

Laura

I just emailed the coordinator for CFRI Lake County chapter and confirmed the 6/8 meeting at the Clermont Holiday Inn Express. I believe that she told me that the first meeting was free for non-members, then $10 afterwards. I'm planning to go, my first meeting as well, so hopefully see you there.

We own one rental and looking to build the portfolio. Also interested in flipping.