All Forum Posts by: Lindsay Diven

Is there another meet up in Orlando scheduled? I would be very interested in attending the next one.

Welcome @Renegomez ! We are newbies too in the Central Florida/Space Coast area.

Thank you for all of the welcomes! I look forward to getting to know all of you.

So excited to be here! I will listen to the podcast and already set up my keywords. That is a great feature. One question we have been wondering is to set up an LLC for this first investment or just put in our names? I am leaning toward setting up an LLC since we will be having others rent and I want to protect ourselves from possible litigation. Is this necessary for our first property? Thanks!

Hi Mark,

Another newbie here from the Orlando area! We are just getting started to and look forward to learning from the BP community!

Cheers!

Lindsay

I signed up to Bigger Pockets a few years ago, but in the midst of finally signing up on our first investment deal in Cape Canaveral, FL so thought it was time to finally engage in BP!

My husband and I live in Orlando, FL (Lake Nona area) and have two kids. We are securing a deal in Cape Canaveral. We were originally looking for a vacation home/condo to rent to snow birds in the winter and for us to use in the summer. However, a friend's landlord approached us wanting to subdivide and sell his properties. We are working on the final terms and feasibility study, but he will be doing seller-financing for the land and we would pay for the construction of a duplex just steps from the ocean!

We are nervously excited to take action with our first investment, but I feel like we are just diving in. My husband is a GC so he will be managing the construction and has excellent subcontractor relationships, so he isn't has nervous about that portion as I am!

We would like to rent one side full time and then use the other side for seasonal rentals (snow birds) and personal use in the summer. I just conducted a vacation rental analysis and am seeing prices all over for weekly and monthly rentals. My next step to do a vacancy estimate and long-term rental analysis.

Any insight or words of advice for vacation/seasonal rental would be appreciated!

Thank you,

Lindsay

@Drew Thanks for the feedback! I am new here too. We are jumping in head first on a vacation rental (2/2 duplex on Cape Canaveral Beach, Florida) and your advice on where to begin here is great!