All Forum Posts by: Shawn McCormick

Hey @Dudson Duperrier welcome to BP. Have you figured out what area of RE investing you are interested in learning more about. Finding out what you are good at, interests you and you have the time for are just a few things you should consider.

Orlando has a pretty active investor community. I am on the board of the local REIA (Central Florida Realty Investors, CFRI) the largest in the country. You should consider coming to some meetings and networking to meet other local investors and trades. We have over 15 meetings a month and some focus groups that specialize on certain niches. Let me know if you would like to attend and I can send a guest pass.

Best of luck.

 Thanks, I can't put my info here, but have a link in my profile to schedule a call. Look forward to hearing from you. 

 I sent you a PM with contact info. 

Hi @Grace Chee, are you looking to hire a property manager? I have a couple that I could recommend that work in that area. This is a long term rental, correct?

Hi @Peter Walther I can put you in touch with a few local investors that you can speak with and they can tell you what is attractive and what to expect. Likely get some offers from them too. 

Best of luck

@Daniel Gugliotti sounds like you understand the market and risks enough to evaluate some properties. Curious why you would want condos? You did mention STR, is that what you are looking to do, if so your best bet is in the Kissimmee/Davenport area and stay within a resort community. There are quite a few that are zoned specificially for short term (i.e. Windsor Hills, Storey Lake and other that have condos).

The HOA fees are going to eat into profits weather long or short term, but with short term, the guests get resort amenities and generally cable/internet/trash is also included, so at least you get some benefits.

If you want long term, you'll have to make sure the condo is warrantable and the complex has the right mixture of investor to owners. Depending on the demographic you are looking for would help determine what part of town to look in. Downtown and surrounding neighborhoods will get you younger professionals working the hospitals/office buildings, Out by UCF-students, near Disney-roommates sharing a condo. Out by the airport will be a different mix of everything. 

As far as multi family, we don't have much worth looking at here. It is typically overpriced, older, usually need many updates/reparirs and many times not even a true multi (garage conversions etc). They are scattered and the good ones don't come on market very often so you have to really watch for them. 

Happy to dive a little deeper if you have specific questions. Reach out anytime. 

Best of luck.  

Hi @Erin Sfera Welcome to Bigger Pockets. 

What is it exactly you are looking for in an agent? What type of property are you after (single family, condo, townhome, multi family, short term rental etc)

Happy to dive a little deeper with a call to see if I would be a good fit. You can find a link to schedule a call in my profile. 

Best of Luck!

Thank you @Michael Baum. 

HI @Richard A Cannata are you purchasing through a real estate agent? They should absolutely be able to recommend home inspectors. If not, I have several that I use and have even performed on condos in Windsor Hills for me. 

Are you planning to use the services of a property manager? They should have on site trades for cleaning/handyman. Windsor Hills has a great FB group page for owners that can be very helpful, I would definitely check that out. 

Best of Luck

@Kiran Shridhar Welcome to the forums. Happy to connect and provide any insight I can. I've helped quite a few members buy and sell here. I have a YouTube channel that might help answer some of your questions (link in my profile along with a link to schedule a call). 

Best of luck!

Hi Sharon, I have a great resource for you and she is local to Orlando. DM me and I'll share her info. 

You should look into joining CFRI, (Central Florida Realty Investors) the local chapter of the National REIA, there are hundreds of local investors to network and collaborate with and we usually have tax deed class once a year.

Best of luck