All Forum Posts by: Tyler Gibson

Hello. My name is Jackie and I have just started in the learning process of the real estate journey. I am looking into REI/meetups in my area and have been listening to the podcasts. Found BiggerPockets and am now trying to get my financials fixed up within the next 6 months and getting my first/second property by the end of the year. Looking into doing BRRR or BRRSTR. Looking into finding a market and building a team within the six months I am getting my financials in order so can start as soon as everything is set. Hope to join this community and meet lots of friends with similar interests to help each other reach their dreams/goals.

Thoughts on investing in a STR in Reunion Resort in Orlando, Fl?

I'm trying to decide which area would be the best for someone just starting out. The cities on my radar are Tampa, Jacksonville, Orlando, and Miami. I'm hoping to gather insights from those with experience in these markets. Which city do you think offers the best environment for a wholesaling newbie? I'm interested in factors like market demand, competition level, and overall growth prospects.  Any advice or personal experiences you could share would be greatly appreciated!

Thank you!!

Thank you for the question! I was thinking: what if we get started in real estate as a primary residence in Orlando or Tampa but we rent in New England. Then as the first property builds equity from our tenants, we purchase our 2nd investment property and eventually leverage our 2nd property to purchase our 3rd. But I figured the place where we would live ourselves would be a rental. The reason being: we’d love to live long term in New England but we’re very discouraged by the housing market up here (a lot of expensive run down properties and seems like a lot of red tape)

Hello everyone, I'm a new investor in the real estate space. We currently reside in Massachusetts but I grew up in FL. As such, I'm currently looking into investing (ideally buy and hold) in either the Orlando or Tampa area. I'd love to learn more about things like: what other options can I consider for liability protection besides an LLC(I haven't met a lender willing to lend via an LLC), what are some gotchas to be wary of,etc. But most importantly, I'd like to connect with other like minded individuals

Hey everyone. Starting out as an investor/wholesaler we all know there are investor friendly title companies that will help with double closings, assignments of contracts, and blind HUDs.... drop them in the comments. 

Hi BP Family Can Anyone Point Me To Some Great General Contractors, In The Florida Area Such As Orlando, Tampa, Gainesville, Jacksonville and more?

I am looking to do my first BRRRR but I have a strange situation so I am not sure which route to take.

I own a 3/2.5 condo just outside Universal Studios in Orlando. Originally, I was just going to sell it and buy a house outside of town. My bf has been asking me to be patient and hold off on buying another place for a little while and just live with him until I find what I want, which is fine but here is my quandry…

I can sell my condo and use that money to pick up another house, sure. BUT, I would rather pick up a rental. So I feel like I have 2 options. 

1. Keep my condo and pull out the cash. My mortgage is very low and I have just remodeled the kitchen and remaining upgrades will cost less than $5k. A refi would get me enough to pay off the existing mortgage and upgrades and leave me about $100k to invest in another property. The problem is that my HOA is so high that I will barely make any money off the rent. I will make money but not much.

2. I can sell my condo, and have more cash in hand so that I have more flexibility on what I can buy to fix up. I will be able to pick up something that throws more money my way and will allow me to get into a second house quickly. 

The first option gets me experience right out of the gate but I fear that with not much cash flow, it could hinder bank loans but I shouldn’t be showing any negative cash flow. And I could have 2 rentals with in 6 months 

The second option could potentially get me 2 rentals within 1 yr with better cash flow but now I don’t have any assets(my condo) to start. 

I’m sure I have left out a lot of details that will help but I would love to get some input on how I should handle this situation. 

Thanks!
 

Hello. My name is Priscilla and Iam a new investor in the Orlando area and I wanted to network with a few other investors so I can learn the market. I mainly plan to flip and hold rentals, but I ll also be wholesaling whatever deals don't work for me or I can't close on. I'd love to hear about your investing journey, and I hope I can bring you some value as well!

I'm an investor with an active Florida Real Estate license. I'm seeking recommendations or information about a no fee, no commission split brokerage. I looked into Realty Hub and Premier Agent Network, anyone have any experiences, good or bad with these brokerages? Anyone have information about other similar brokerages that are investor friendly? Thanks!