All Forum Posts by: Shawn McCormick

@Christine Zharova Try Terri Hatfield-Dull 407-697-4226

Hi @Win Thu I have a few great PM referrals for you depending on location and type of property, STR/LTR. I'll send one in a message to you. As far as Davenport area, it is growing rapidly. There are about a dozen builders in the area for new construction and has dozens of communities zoned for both short term and long term rentals. You won't find much at all in multi family there, actually we are very tight with supply in all of metro Orlando.

STR are back and booked up pretty solid for the foreseeable future, that may be an option for you. For long term, it may be tough to cash flow, but you can find some. You will find many of the existing home are dated, but still going for top dollar due to low inventory.

Let me know if you need anything specific that I can help with. Good luck.

Hi @Nate Monson I would be happy to talk to you from the perspective of a Realtor®. I have and am currently helping several BPr's with the purchase of STR here in Orlando. There are lots of variables and conditions to consider and we can talk thru risk vs rewards, potential income of different types of properties, timing, budget, and all the fun stuff.

Feel free to reach out anytime! Good luck.

@Carlos Juarbe give Colleen a call at Secured Insurance 407-725-3413. She is awesome and understands the investing side and creative deals, flipping and everything we do and need.

Hi @Jai Nascimento Welcome and great job committing to your goal! There are many meetups around Orlando. We have a pretty active community. Check out some Facebook groups, Meetup.com and make sure you look into joining CFRI.net ( the local chapter of the National REIA), you will get to network with all local trades, wholesalers, flippers, CPA's, hard money lenders, great investor friendly Realtors®(me!) and access to tons of information, classes and education.

There are also several local on Clubhouse app and a few that do podcasts..so lots to check out here. I'm in Orlando and happy to chat anytime if I can be of any help, just reach out. Good luck!

@Carlos Gonzalez and @Shawn Craig I'm in Olrando and would be happy to share some experiences and insight into getting started. I'm no big time flipper, but I've done several, along with many wholesale deals, creative financed, and others. I have great contacts locally in all aspects of flipping. Carlos, not sure what area you are looking in, but if your family is here, I can be a resource.

My advice to you is to make sure that you (along with many, many other factors) don't forget to include all of your time and travel expenses if you plan to do this from another state or have family help. This is often overlooked in the overall profit of a deal. It's fine to be involved and learn along the way, but consider all the time and expense of what you contribute to the deal too.

If you are both local to Orlando, consider joining CFRI.net to network with other investors, contractors, wholesalers, lenders, PM's, mentors etc. It is a very valuable resource. I've been a member since 2014 and have developed many great relationships, got several deals with other members,  & got great education too.

Best of luck to both of you!

Hi @Tiffany J. For long term buy and hold in Orlando is is tough ask right now. We literally only have a few weeks of inventory, so prices are ridiculous  (from what we are used to here). Going into the summer season, I'm expecting it to be even more competitive as once school is out, we typically see a lot more activity.

If you are able to wait (not always) for new construction, you can get some descent properties in some of the areas you mentioned (Groveland, Apopka, Haines City, St. Cloud to name a few) Cash flow will still be tough, but you will get appreciation and peace of mind with all mechanicals etc are new and warranted. Winter Park is too expensive for single family, you might get an older home on the Seminole Co. side for under $300.

Townhome vs single family is a supply issue right now, townhomes have higher HOA costs ,but generally no exterior maintenance, appealing to younger people that may need to have a room mate and don't want to have a yard etc. Single family, just watch the age of the home. You could walk into a ton of capex (roof, a/c, poly plumbing, electrical panel), not to mention updating if you want to maximize rents.

Hope this helps a bit, reach out if you would like to talk thru some scenarios. Good luck!

@Patricia Baker Glad to hear that is going well for you! Congrats.

I sell quite a few STR/resort home in the Orlando market near Disney. We get over 125 Million visitors a year, the #1 vacation destination in the world. Our market is very strong in this space and we have condos, townhomes and homes up to 14 bedrooms. (the sweet spot is 7-9 beds).

I would love to have a conversation if you are considering Orlando. Reach out anytime and we can talk. 

Hi @Sam Zhang I am a Realtor® here in Orlando and have helped many investors and BP'rs purchase properties here. Our market is beyond crazy, like most of the country, so finding a great property is extremely difficult. I wouldn't advise jumping in just for the sake of getting started.

I would be happy to have a conversation some time to go over some ideas and strategies that might suit you and make sure you are prepared. Feel free to reach out.

Hi @Josh Ward. I have a few of these under contract right now and literally writing an offer up this evening on another. I have sold townhomes, single family and new construction in several of the communities near Disney. Just closed one for another BP member from Utah 2 weeks ago!

Although I have my personal opinions on some individual communities performing better overall, much goes into whether you are profitable or not. There are many variables (location to amenities, age of unit..is it updated, does it have a garage, pool?, themed rooms, game room, how many beds 3,4,or 5) just a few things that matter in a townhome. Since virtually every townhome in a community is almost identical, how will yours stand out? You will be marketing online with photos, so why would they pick yours if all the other townhomes in the community offer the same thing? Do you offer something special, have great themed rooms, a game room in the garage, or does it just come down to price per night?

I would be happy to discuss these items and thoughts on using a property manager is right for you or not. Message me and we can schedule a time to talk. Inventory is very tight right now and it is hard to even book a showing because the units are full all the time with vacationers, but still a great time to buy and take advantage of Disney's 50th celebration and the entire planet is itching to take a vacation and we are the #1 destination in the world.

Look forward to hearing from you, Good Luck