All Forum Posts by: Shawn McCormick

@Cooper Leins check out your local REIA and network with investors in your area, they will know the reputable ones. As far as showing the ropes, you will likely want to take a deep dive into some classes (in person!), but also watch some Youtube videos and listen to podcasts right here on BP to get the basics.

Best of luck!

@Tee H.

Equity-Title in Lakeland specializes in sub-2 and wholesaling and will close anywhere in the state. Ask for Sue.

RTR title, ask for Hope Richards

Best of luck!

@David Rosen I'd be able to help you with duplexes, tri's and quads. After that, you really need a commercial agent. I'm in Orlando and there typically isn't much available here (on market anyway). 

Our chapter of the national REIA in Orlando has a monthly meet up specifically for multi-family investing. Not sure if you have one in Lauderdale that would have something similar. I would start networking with locals investors who know the market, expectations, lenders, cap rates etc. Then also look at going to some multi family conferences just for the basics and networking too.

Let me know if I could be of any help. Best of luck to you.

@Joseph Farnworth You can use the 'find an agent' feature at the top of the page if you just want to find a local agent that knows the city/areas you are looking in. You'll want someone with experience to your local market to help you understand market rents, demographics, and a slew of other things to make sure you understand the risks. They should also be able to direct you to a LOCAL lender that also knows the market you are in and what loan type would best serve you based on your goals.

There are plenty of podcasts and past forums that you can review to better understand the in and outs, but as others said, just reach out and we are all here to help. 

Best of luck to you!

@Catherine Javier Would need more information on which would be a better deal, lots of variables not to mention how long you plan to hold this. Why is being near hospitals advantageous to you?

Was the ADU on the first one permitted? Does it have its own laundry, parking etc? If they both generate the same income and the second one will take months of planning, permitting, and constructing (both sides) with no income being generated, it comes down to purchase price.

What are comps in both areas for rents and ARV once you are done?

Keep us informed, love to know how it works out.

Best of luck!

Hi @Julie Suckow Welcome, glad you found BP, it is invaluable to so many starting out. Absorb all you can, but find out what you enjoy rather than chasing shiny objects. There are plenty of ways to make money and still like what you do in real estate. 

I do have a home coming in Ocala in a couple weeks, but its in a 55+ community so may not be a good fit. Otherwise I don't go up that way too much, I do cover about 8 counties in Central Florida so happy to talk about the overall market and give thoughts on anything that I may be able to provide value to you.

Best of luck!

@Matt Caviness Welcome!

I am available immediately to speak with you on this. I live near the best resorts and have sold dozens of STR near Disney. I would be happy to walk you thru the do's and don'ts, the must-haves and the stay-away-from scenarios.

Feel free to reach out and I can get you the information to help you make an informed decision., I am also a featured agent here on BP.

@Shayla Corley

Welcome and congrats on getting started. One of the best places IMO is joining the local chapter of the National REIA (CFRI, Central Florida Realty Investors), one of the biggest ones in the country and covers six counties. membership is dirt cheap for what you get..over 20 meetings per month, no pressure selling, awesome, local investors always willing to share and be honest with you. There are some paid classes you can attend, but the free meetings are fantastic.

There is a meeting in Clermont tomorrow and the second Tuesday of each month is the General meeting near downtown Orlando. I can get a guest pass for your first meeting if you like.

Best of luck to you!

You're welcome. The county meetups I was talking about are with CFRI (the local REIA) they cover six counties in Central Florida and have a meeting in each monthly. They also have many focus group meeting for landlords, flippers, taxes, and several others, but you have to be a member to attend those. check out CFRI dot.net for the calendar.

@Yaseen Khan

There are several investors that hold local meet ups (try Meetup dot.com) and also the local chapter of the National REIA has their monthly meeting on February 14th near downtown. I can send a guest pass for you and they will also have county meetups (6 counties) throughout the month, so it will depend on when you are here which one will be best.