All Forum Posts by: Tyler Gibson

I'm Andrei, and I'm thrilled to be part of this real estate investment community. While I'm new to investing, I'm eager to dive into the multifamily market in the Orlando or Tampa area!

My father was quit deeded my grandmother's property after her death by my aunt when the property was thought to be on the way to be taken by the bank for outstanding loans. Long story short, the bank wrote off the loan. My dad has this property but it is in disarray. It has liens for the city demo of the house and cleaning of the yard. It would take $25k in total to clear the liens. The land is zoned for 4 lots. 

I would really like to make this my first investment in real estate as I see it as the most low-cost and less risky opportunity to get in. However, I'm unsure of how to move forward considering that I have 3 other siblings that would be tied to this property if anything happens to my father. I'm the only one in my family that is financially capable of doing the things needed to get the property right. I'm lost on where to start with this and really need help identifying the best possible way forward. Thanks in advance!

Hi anyone could please recommend a property management software for 15 properties.  Not complicated and easy to use?

Hello everyone!
I`m from Orlando and looking to connect with as many people who are doing real estate for living and love what they do!
Lets connect and hop on a phone call!

Hi,

I'm considering a long term rental investment property here. Just wondering if anybody has any insights on the area and if there are any real Estate Agents/PMs that could give me an idea what rent I could expect from a 5BR home. 

Thanks. 

Hello, fellow investors! 

Thank you for all the comments and advice! 

My husband and I are trying to buy our 2nd property in Florida as a vacation home.  While we  are not using it, we plan to rent it. 

Of course, we are going to get a vacation home loan. We were very positive about our plan, however, with the current interest rate being high, and the market is still somewhat competitive, I am not sure if we can have positive cash flow..... 

For us to have positive cash flow, we will need to offer a much lower price than the sellers are asking.. So, now I am not sure, what to do... 

We don't want negative cash flow... So, any advice? I am trying to do brainstorming, but I can't think of any good way to work it out... 

Currently, we live in CA and we visit Orlando a few times..

Thank you. 

Just curious I'm a newer agent in the Orlando area and like idea of wholesaling are there wholesalers that like to work with real estate agents how does that work ?

Hi there Biggerpockets community,

Just wanted to drop in and say how much I've been enjoying the Biggerpockets podcast and exploring the books and posts over the past year. Living in a VHCOL city has definitely sparked my interest in exploring out-of-state investing, particularly in Orlando. It's a city I've always enjoyed visiting, and I can even see myself living there in the future. While the cost of entry might be a bit higher, I truly believe there's still plenty of potential for property appreciation.

My focus is primarily on single-family homes with a long-term hold and rental strategy in mind. I've been eyeing areas like Oviedo, Maitland, Altamonte Springs, and Winter Springs, all of which boast excellent schools and are known for being safe and family-friendly. I'm specifically looking for turnkey starter family homes with at least 3 bedrooms and 1/2 baths – the kind of place I'd happily rent out if I were starting a family there. I've already attended a few open houses in those neighborhoods during past visits and have driven around to get a feel for the area.

In terms of finances, I currently have around $250k in cash, mostly in a high-yield savings account, along with some laddered T-Bills. However, I do have about $100k in student loans at a 5.5% interest rate over a 10-year term. Fortunately, I'm lucky enough to have family members who are willing to lend me the additional funds to kickstart my investment journey. I've crunched the numbers on numerous properties ranging from $250k to $400k that meet my criteria and are listed on the MLS. Typically, I find myself cash flowing a few hundred dollars each month, with an ROI of 4-5% per year when factoring in appreciation. I'm curious to hear your thoughts on this approach and any advice you might have for someone in my situation.

I've already had the opportunity to connect with some fantastic individuals who have provided valuable feedback and insights into their own investment strategies. I'm eager to learn more about everyone's experiences and strategies, particularly in the Orlando area. Thanks for taking the time to read my post!

Landlord and getting educated in short term rentals.

I'm looking for a reliable, cost-effective and good contractor for a flip in Orlando, Florida. Not a lot of work required on the property. Anybody have a good reference?