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All Forum Posts by: Nate Patrick

Nate Patrick has started 1 posts and replied 6 times.

Post: First rental property in Orlando any suggestions please

Nate PatrickPosted
  • Real Estate Agent
  • Greeley, CO
  • Posts 6
  • Votes 5

Roxy, are you looking to buy and hold long term and to do long term, as opposed to short term rental? I am in the Winter Garden area and you are right that homes are going fast and prices are going up quick. Not a ton of options that don't have the HOA, but there are some. Do you have a property manager you use yet, or will you be looking to find that as well? Any ideas on what kind of ROI or cashflow you are hoping for?

Post: Looking to buy in outskirts of Orlando

Nate PatrickPosted
  • Real Estate Agent
  • Greeley, CO
  • Posts 6
  • Votes 5

@Susie Lowe you talk about wanting to live in the house before renting it out in a year or two. I would be careful of some of the areas spoken of in Osceola county, they are very much a short-term rental community and not as nice to live in as a full-time resident. But as mentioned, most of the Orange County neighborhoods in the area it sounds like you are looking do not allow short term rentals, and depending on the HOA some are strict on rentals in general. I'd be curious to see what you are looking for more specifically, if you have children you plan on placing in school, etc. That all affects the location as well. There are many nice areas and just as many areas I personally would not want to live, on a personal level.

Post: BiggerPockets and investing Newbie in the Orlando, FL area

Nate PatrickPosted
  • Real Estate Agent
  • Greeley, CO
  • Posts 6
  • Votes 5
Originally posted by @Joseph Schweizer:

Hi @Nate Patrick!

Welcome to BP! I am fairly new to BP myself (joined in May 2020). I made my first investment purchase this past October!

One of the key factors in getting to the point of actual making an investment was my Masterminds group I was connected with after becoming a BP Pro member. We meet weekly and discuss what we are learning and how our journeys are going!

For my first property, I went the turnkey route as I felt like this was my best option while working full-time as an engineer.

If you have any specific questions about my experience, I would love to talk more!

Good luck on your journey!

Thanks Joseph!  I am curious what the Masterminds group is about.  I'm not sure it's in my budget yet to go Pro, but looking at what I can do to consider it if it will really help me get started in investing.  You think it was helpful it sounds like.

Post: BiggerPockets and investing Newbie in the Orlando, FL area

Nate PatrickPosted
  • Real Estate Agent
  • Greeley, CO
  • Posts 6
  • Votes 5

Thank you @Valentina Naumenko!

Post: BiggerPockets and investing Newbie in the Orlando, FL area

Nate PatrickPosted
  • Real Estate Agent
  • Greeley, CO
  • Posts 6
  • Votes 5

Hello all. I signed up for BiggerPockets just over a year ago, but I'm ashamed to say I haven't done anything since then.  So, time to introduce myself and say hello!

I am in the Orlando, FL area (right next to the Magic Kingdom in the Horizon West area, my address says Winter Garden).  I've been interested in Real Estate investing for a LONG time, since reading Rich Dad, Poor Dad back when I first got married in the early 2000's. Played the Cashflow board game (which we still have and enjoy playing on occasion) and tried to learn some about getting out of the rat race through the years.  But, I haven't done much to act on it yet.  I used to work in Construction and Design industry (as an Engineer, then a Project Manager for a home developer).  But the past 10 years I have been working in Ministry.  Still having the desire to build wealth and be a good steward of what I have, I have started to look at ways to get in to Real Estate investing.  That lead me to get my Real Estate license this past summer and start a Real Estate business.  So now, I finally come back to BiggerPockets with the hopes of learning and taking the leap into Real Estate investing to build wealth, passive income, and better provide for me and my family.  Look forward to connecting and learning.

Post: New member from Orlando Florida area!

Nate PatrickPosted
  • Real Estate Agent
  • Greeley, CO
  • Posts 6
  • Votes 5

Welcome @Zachary Waterman, I am also new(ish) here and am in the Orlando, FL area (Winter Garden).