All Forum Posts by: Shawn McCormick

Hi @Max S., I would be happy to discuss the Orlando market with you. I am a full time Realtor® and investor. I have sold some investment properties in the Tampa market, but I'm not as well versed as Orlando. We generally only have 25-30 multi family properties available in Orlando and they usually go very fast. Tampa has 2-3X that many at any given time.

Reach out and we can talk about what you are looking for and how I can help.

Hi @Fab Ragh What are you planning to do with the property? That will help determine how we can best help you. If it will be a primary residence or rental. Orlando has many great pockets depending on what your goals are and how you will use the property. Obviously, your budget will come into play here too.

Feel free to reach out, I am a full-time Realtor® and investor in Orlando and happy to answer some questions for you.

Hi @Christine Rodriguez. I don't want to knock any of the 'guru' courses out there, but their primary focus is selling you a course and coaching you. If you want to learn about your local market, first step is to join the local REIA. Central Florida Realty Investor Association is where I go my start in 2014 and it has been a great source for networking, learning, meeting contractors, lenders, other flippers, landlords, attorneys and everything else you will need to start doing business.

I am a full time Realtor® and investor here in Orlando. I can tell you that wholesaling is very competitive and there are 5-6 really big players that are spending $5k a week in marketing, so picking up deals to wholesale will be tough and it is a job (once you sell it,you have nothing again, so you have to find another and another). What is it about wholesaling that is attracting you? There are a few coaches locally that have courses and can do some mentorships if you like.

Hi @Garret Myers Congrats on ramping up your investing strategy! I am a full time Realtor® and investor here in Orlando. I have connections for all of your needs when you are ready. I would be happy to chat with you to see if I can add any value to your search or just answer some questions. Feel free to reach out anytime.

Interest rates could be around 3-1/4 to over 5 on investment properties. Lenders are being very cautious right now, so just shop around. I have a few I could recommend if you need. As far as cap ex on new construction, I would not account for any (personally). You have well over a decade before you shoud have to worry about those items (Roof=20 years, a/c= 8-12, plumbing/electrical shouldn't be an issue either, you'll get a 10 year structural from the builder too). Just because you are out of state, I would keep your regular maintenance % the same as you may experience turnover and depending on your PM company, finishes (flooring/tile, paint etc).

Hi @Nicole Spain. I am a Realtor® and investor in Orlando. I would personally be interested in your property, especially if you are interested in doing something creative. My company also has a  partner program that can give you a cash offer with no obligation. I am very connected to the wholesalers in the area which would also be an option for you to sell without using a Realtor. 

Is there a reason in particular that you don't want to use a Realtor?, just curious. Reach out and we can talk about some options for you.

Hi @Cooper Reece message me and I can put you in touch with a couple of my lenders. I am a Realtor and investor in Orlando and have several options from direct lenders that use private money to brokers that can shop for you. 

@Ben Cruz may I suggest joining the local REIA, it is all on line thru Zoom due to Covid, but there is still great content and information you can utilize to help build your resources and your business.

Reach out if I can help. Look for Central Florida Realty Investors Association use just the CFRI and then dot net.

Hi @Muhammad Saad. I agree that Windsor Hills is a better value and community over all. You have lots of options depending on how you plan to use the property and what your goals are for cash flow/appreciation, how long you plan to hold it. I am a full time Realtor® and investor in the area and would be happy to explore some options with you. Feel free to reach out anytime.

Hi @Bianca Carmo I saw your post about new construction and Lennar. I am a full time Realtor® and investor in the area and have sold many Lennar homes alone with other builders (we have a very competitive new construction market and tons of choices if you are considering that as an option.) New construction can offer great appreciation if you buy early in a community they are building, home warranty, and generally they will pay most/all of your closing costs if you use their in preferred lender.

I would be happy to talk (or even meet you since you are here) to go over some options and answer some questions for you. Let me know, good luck!