All Forum Posts by: Tyler Gibson

I was wondering what is everyone's set up.

We have the basic things set up such as having a LLC, realtor, and a broker. We went under contract twice but we haven't bought anything yet. Plan is to start with a multifamily house, or a single family with an in-law suite in the back. The challenges we run into is trusting the realtor and the realtor's inspector to fully disclose all the problems with the property...to basically be our eyes and ears. We noticed there were some major problems not brought to our attention until towards the end of the contract where we were under pressure to make a decision.

Since this is all done remotely, how did you set up a reliable system or team to be your eyes and ears from start (property search) to finish (to closing on a deal) and who are they? OR do you actually take a trip to visit all properties then decide? 

We're thinking we'll need a buyer's agent, a lawyer in Tampa, and a inspector to do pre-inspections before we ever decide to put in an offer. What are your thoughts? 

Ideally, we'd like to buy multiple properties this year and do minor cosmetic work if needed but since we're all remote, we can't do any flips. So strategy is buy, rent out rent it out, and sell 3-5 years down the line.

Hey all,

Just got my first house hack in Orlando. I downloaded the FL lease agreements from BP but I am still a little confused and could use some help.

I see a Residential lease agreement Florida containing fee in lieu of security deposit. I see it has an area for fees in lieu and an area for security deposits. Do I just enter N/A the fee section?

Thanks!

Hello everyone,

I hope you're all doing well. I'm reaching out to this community because I find it to be a valuable source of knowledge and insights, especially when it comes to real estate investing.

I've come across a potential real estate investment opportunity recently, and I'm eager to gather some feedback and insights from fellow enthusiasts and professionals in the field.

The property in question is located in Central Florida, in an area that I believe holds significant promise for future growth and appreciation. It's situated on the most prestigious lake in the county, and what's particularly noteworthy is that there are currently no other waterfront properties available on this lake.

As someone with a background in real estate and a passion for investing, I'm excited about the potential of this opportunity. However, I also recognize the value of seeking advice and perspectives from others who may have more experience or different insights to offer.

I'm particularly interested in hearing from individuals who have experience with waterfront properties, investments in the Central Florida region, or any insights on factors that contribute to property appreciation and long-term value.

Additionally, if anyone has tips on structuring partnerships or attracting potential investors for such opportunities, I would greatly appreciate your input.

Please feel free to share your thoughts, experiences, or any advice you may have. I'm grateful for any insights that can help me make a well-informed decision about this potential investment.

Thank you in advance for your time and contributions to the discussion.

Property Key Features:

NO HOA

11%-14% ROI (via Airbnb)

Class B+/A+ Lakefront 

Sits on a double lot 

Immense appreciation growth expected in next 5 years. 

Hello, my spouse and I are looking into new constructions in the Orlando area. We’re first time home buyers and debating on whether to get a realtor or represent ourselves. Figured we could try to negotiate lot premiums, design incentives and closing cost incentives ourself. 

Given FL dual agency laws and the recent NAR, what would this mean as far as commissions? Would we be able to pocket the buyer commission to remedy the final sales price or closing costs?

Hello, I am a new investor / real estate agent. Looking to partner with investors in the central Florida area. 

Maybe I'm not communicating clearly, I am employed I was only temporarily laid off. At the time of purchase we were more than financially capable of paying the mortgage and we have been paying the mortgage. I was just trying to find out of there was any way to refinance the mortgage with a poor credit score.

Hello all! I am a newbie to all of this, but I'm determined to make my first deal this year. I'm based in Central Florida and plan to invest in my area about an hour north of Orlando. I've had a very light interest in this for a long time, but never considered it to be something attainable at this point in my life. Then my dad started his journey of REI and has been very happy and successful with it. Through his encouragement, I've decided to commit to this and see where I can be 5 years from now. I'm excited for what's ahead!

Hello,

Does anyone have recommendations for an attorney to help with LLC formation and deed transfer for a rental in Orlando, FL? Thank you!

the location for the event is below: 

3801 Avalon Park East Blvd 2nd Floor Orlando Fl 32828

I'm starting to look into property management companies that can manage a townhome rental property in Orlando, Florida.  I'm open to any positively experienced suggestions on such companies in the area.  Thank you.