All Forum Posts by: Shawn McCormick

@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

@Charles Guillen Orlando has a great investor scene. My advice to you would be to start networking locally. There are many meet ups that you can attend. The best resource might be joining CFRI, the local chapter for the national REIA. They have about 20 meetings a month all over central Florida that include great networking opportunities with other investors, trades people and focus groups for REI 101, flipping, woman investors, landlording, multi-family investing and much more. I am on the board and can get a free ticket for you to attend one meeting. Our general monthly meeting is this Tuesday.

Most people are going to want you to have skin in the game, time is the most valuable resource and with most deals being so tight these days, mentoring someone just doesn't make sense for most people. 

Best of luck.

@Fab Ragh @Andrew Street I can definately provide a lot of insight into all the major resort communities around Disney. I specialize in them and have several YouTube videos going over some of the questions, concerns and general information about them. I've helped a couple dozen other BP members purchase and sell units in these communities.

Happy to have a call to go over any specific questions you might have. I've answered a ton of questions in other threads if you want to look back on those, just use keywords to see posts with this topic. 

PM me to get a link to schedule a call and my channel.

Best of luck!

@Gernide J Antoine

Give Joe Seagle a call, he is a brilliant RE attorney and investor himself. He has packages of docs available for regular sales, sub2 and wholesale. 407-770-0100 

I am on the board of CFRI, the local chapter of the National REIA and Joe is our counsel there too.

As for title companies, I have a few. PM me if you still need them. 

@Tony Thomas welcome back. I'm in Orlando and active in residential real estate as a Realtor® and also serve on the board of CFRI, the local chapter of the National REIA. If there is anything I can offer, please feel free to reach out. Maybe come out to one our meetings at CFRI to get plugged in the investor community too.

Best of luck!

@Abby H. Good for you on expediting your goals! I would recommend attending some local meet up groups or REIA meetings. I am on the board of CFRI, the local chapter for the National REIA and we have about 20 meetings a month, many geared towards specific niches.

We have flipping, advanced investors, woman only group, 101, multi family, landlording etc. I can send you a free guest pass to our general meeting next week and you can network with a couple hundred local investors and meet all kinds of vendors with hard money, private money, trades, title and wholesalers. It is a great place to meet people face to face. PM me if you want to attend. 

Best of luck to you.