All Forum Posts by: Tyler Gibson

Hello everyone, I am curious if anyone has had recent success with midterm rentals utilizing the BRRRR method, and if so, would you be kind enough share some of the details.

Thank you so much!

Hey all, bought a house in Orlando and now need to hire someone to rehab it. Not flipping right away, some family members might live there for a few years, but want to update and make it inviting and made me think of houses that are rehabbed and flipped. Cost is always a consideration, but since this isn't a pure investment, not looking at it as cash return, cost, value of improvements, etc. 

I'm not good at making all the little decisions about how/what, just want someone who can say, yeah need to replace/update this, and fix up that, etc. 

anyone have recommendations for a general contractor that can just run with the whole project? 

Hi, friends!

I'm brand new to the world of REI (and to this forum), and just wanted to connect with other like-minded individuals, and hopefully get your advice. I don't yet have any experience, but I'm feverishly trying to learn as much as possible about wholesaling and fix-and-flipping (although, I'm not totally against the idea of rental properties, though).

I have purchased and read quite a few BP books, but I'm having trouble figuring out how to "put all the pieces together" in my mind. Essentially, I'm trying to figure out "how to do the work" of the REI game. I'm currently in a state of "analysis paralysis," mixed with quite a hefty dose of anxiety. My biggest fear is losing a lot of money, as I'm still working a day job and living in an apartment. I understand that investing requires some level of risk, but I've heard horror stories, and I REALLY don't want to make any stupid mistakes that will send me to the poor house.

Because I don't yet have any experience, I'm wondering if I should invest in some kind of training program? If so, does anyone have any good recommendations for Wholesaling and/or Fix-and-Flip training (even better if it's in Tampa)? Would it just be better for me to get a real estate license and figure Wholesaling out on my own? 

Any advice would be greatly appreciated. :)

Anyway, I don't yet know anyone on this forum, so feel free to reach out! I look forward to connecting with you! :D

Hi everyone, I am am based in Orlando, FL and am very new to REI. I want to begin with wholesaling, potentially move to flips but my ultimate goal is to BRRR. I absorb information very fast and have gone through a good chunk of course work and books in just a short time.

I am ready to start looking for deals. But my question is, should I make a website and LLC before pursuing deals? Should I create a buyer's list first? Should I invest in software for finding deals from the jump or bootstrap it? Essentially, what have you all done before beginning to find deals? Or was that the very first step?

Hello. I am a new investor in the Orlando area. My parents are real estate agents but I just got into real estate investing over the past few years. I am a military contractor and spend a lot of time overseas. I am looking to learn and create specific strategies to create wealth in the medium to long term. I am currently looking and experienced with single family but am interested in learning more about commercial also. I've been targeting new communities between Orlando and Tampa due to greater affordability, my experience in the area and the simplicity of them as single family. I'm open to any connections or advise. I have an MBA and have a decent amount of experience with stock investing. I have a lot of general real estate knowledge but not specific professional investor knowledge.

I am interested in becoming a real estate investor I want to learn as much as I can before I dive into the world of real estate I have read many bigger pocket books and love listening to the podcast on the way home from work.

I have a few questions if anybody would like to reach out and help it would be greatly appreciated hopefully I can bring value to you as well.

Hello, I'm looking to purchase properties in my local area (Volusia County, Florida) with the goal of Fix and Flip, or BRRRR, should I work with a realtor or buy directly from a wholesaler? Any thoughts, recommendations, or pitfalls to avoid would be greatly appreciated.

Thank you

I'm looking to move from SFR investing into multifamily, specifically commercial multi family in central Florida. I know my strengths: deal finding, spotting potential, bringing people together. I also know my weaknesses: lack of experience in MF, zero experience with underwriting and raising private capital. I'm hoping to find a partner with whom I match up well. I already have a fantastic agent and lender and I know potential investors, so when our team is complete we can definitely make some things happen.

Cheers! 
Dan

Hello,

I was wondering if anyone has recommendations for an insurance agent to insure a rental in an LLC in Orlando? Thank you!

I am close to closing my first deal. The house is a probate and could list after repairs for 225k-250k. The repairs needed are estimated at 80k (this is a high estimate to allow the investor to chose roof type and other contractors in the area for some other repairs needed). I offered 75k for the house. So that's 62-68%. I have a list of investors I can contact with this SFH stats and see if they are interested. Here is my list of questions for both this house as well as future deals:
1) Do I call an investor first and see if they accept and send them stats? Or do I get the house under contract first and then reach out to the investors?
2) Do I include my assignment fee inside that 70% rule or does this come out at closing? Would this be 6-10% of wholesale price?
3) Where do I get the contract to lock in this wholesale deal?  The title company or myself?
4) I have a title company in mind, but do I also need a real estate attorney?
5) I've noticed with the free contracts I've found online they have inspection periods. Who is the inspection for since some of these houses I've looked at and are buying we know needs TLC. With some of the stats I have on the properties, I have a list of known repairs and expected/estimated costs for the contractors in that area. Would they still need an inspector?
6) Do you like to see wholesalers reach out to you (the investor) only with a contract ready, or do you like a list of leads first?  If I have contracts ready, are they contingent on finding investor funds?