All Forum Posts by: Shawn McCormick

Hi @Jay Bickmore I have several depending on area, type of home (cheap investment and need 4 point) or vacation rental, or multi-family, historic etc).

Send me a message and I'll give you a few.

@Christine Zharova that's not really my area of expertise. I tried the traveling nurse route for a bit when I had a couple airbnb's. I didn't have much luck as they always booked, then backed out if they found a better gig or wanted it at too low a rate.

With the market the way it is, as a Realtor®, I'm finding that a lot of people need temporary housing until they close on a purchase. That's always been a 'thing', but seeing more of it lately. I have two sets of buyers in that position. I work with a lot of relocations so they need to start work, but can't find a house or can't wait to start work until the home closes. So that could be an option. A good place to post that would be FB groups, especially geared around Realtors® (Orlando Real Estate Mastermind would be a great one).

Hope this helps. Good luck

@Archie Drake I work a lot in new construction sales. They are very tight right now and some builders won't sell to investors, others are doing 'highest and best', some are requiring you get pre-qualled with their lender in order to be put on list to purchase. 

They are all slowing things down waiting on material costs to go down (mostly lumber). Prices have gone up and their normal incentives like paying for buyers closing costs etc, have gone down or been eliminated. I usually like to put investors in new construction, especially when they get in early in a community because the builder will force the appreciation for you by raising prices every 4-5 units they sell. So you build equity before the community is built out. Plus if they pay your closing costs it helps to make it cash flow. You also 'shouldn't' have cap ex expenses as everything is new are warranted.

I would be happy to talk thru some things with you if you like, just reach out. Good luck!

Hi @Gilvina Stephanie  Welcome to Orlando (almost!). I have lived here twice, once in my early 20's and then came back in my mid 30's and have been here ever since. I have seen all the growth in the real estate market here and have watched many, many people build wealth in real estate. Florida is know for a couple of things...tourism and great real estate.

Orlando has pros and cons depending on what you want out of your investment. We do have a lot of lower paying tourism and hospitality jobs (that is good as a landlord, lots of renters), and lots of investors (good, because many of them are from out of the area and often don't hold them as long), it has tremendous growth (10,000 baby boomers are turning 65 every DAY) and now that people can work from home, more and more are moving here. No state tax, beaches, weather, theme parks...the list is endless.

I would be happy to talk thru your strategies and hesitations on the market here. And would really love to hear where these really cheap houses you are talking about are!!

Reach out anytime!

@Konrad R. and @Dustin Fike Contact Colleen Pacheco at 407-725-3413. Please let her know I sent you.

Hi @John Taboada  I'm more than happy to help you and your employees. Orlando is a great place and I'm sure they'll all love it too. Congrats on the move.  I sent you a message about my company and qualifications. Look forward to connecting.

Hey @Daniel Ocampo Congratulations and welcome to BP. Sounds like you are taking massive action, that's what it takes these days.

You mentioned wanting to network with other investors, I always suggest starting with CFRI. The local chapter of the National REIA. It is a non profit association that focuses on education, resources and networking with LOCAL investors. You will have access to hundreds of other investors, trades, hard money, contractors, wholesalers and even pretty good Realtor or two (me!) I invest here and out of state and have helped many BP'rs to purchase investment homes.

Feel free to reach out anytime, I always enjoy talking thru others strategies and goals. Good Luck out there!

Hi @Carlos Sabatini congrats on getting started in Orlando, it can be a very lucrative market.

What type of property do you have. Some PM's specialize. If it is STR in a vacation community or just a Airbnb in a mixed neighborhood or a long term rental. Also what area are you in, I have several great contacts depending on those factors to make sure you get the right fit.

I would also be happy to be one of your resources in locating properties, I cover all of the Orlando area. Feel free to reach out anytime. Good luck.

Hi @Brenden Vaughan Welcome to Orlando and BP! I live in Clermont, but always on the road all over Orlando, happy to grab a coffee or something sometime to talk about your investing goals, the local market and help you get going.

A good place I always suggest to get started is by joining CFRI, the local chapter of the National REIA. A great place to network, meet people that are actually investing in the area and are always very helpful with insight, knowledge and resources.

Reach out anytime, good luck!

Hi @John Saible Both of those categories are really tight right now. Orlando +50 miles out, only has about 25 or so duplexes for sale at any given time. And many of those are very small (2/1's) or very old or overpriced. If there is anything decent it sells almost immediately.

As for STR, that inventory has really shrunk just in the last couple of weeks, there was a pretty good amount, but so many people are buying whatever they can, it has depleted what was there. The larger 6+ bedrooms still have a fair amount and there is a bit of new construction going on, but overall it is pretty tight too. I have a couple 8 bedrooms under contract and just closed on a townhouse in 3 different STR communities for BP investors. I would be happy to share my opinions and experience with these and talk about your strategy if you like.

Reach out anytime!