All Forum Posts by: Tyler Gibson

 If you want to get into a multi-unit here in the Orlando area, you'll need to use a loan still as a duplex even in the worst part of town will probably still be 300,000 to $350,000. You may be able to find something an hour outside of Orlando close to the $200,000 price point, but even still you're likely going to need additional funds in order to get into it. The growth here in Central Florida is still very strong and since multi-family units are not very prevalent, they tend to have strong value retention and equity growth. Cash flow may not be great in the first couple of years so it depends on what your goals are. If your goal is to grow your wealth, then the Orlando market may be really well suited for you since all of the wealth created through real estate is in the equity. If your goal is to have high cash flow than Orlando may not be the right market for you.

 Hello, I have a general contractor I've used in the Daytona area in the past. I've confirmed with him this morning. This is something he could help you with. I'll DM you his contact information in.

 You probably want to pull lists from the property appraisers website as opposed to the clerk of courts or comptroller. The comptroller will have public records but the property appraiser is where you can filter based off of Property type and whether or not it is owner occupied. If you want to get a good list, it may be better to connect with a investor-friendly title company where you can give them more specific criteria like how old the mortgage is, or they may be able to pull a list of properties that are in pre-foreclosure. They could also pull you probate list and even potentially divorce lists. I'm also here in Central Florida and have a large list of investors so if you find a great deal hit me up.

 Thanks for what?

 Happy to

 Nice to meet you! This post is a great next step to get started. Knowledge plus action equals outcomes. I would suggest you also connect with other local investors who are doing what you want to be doing. There are some great meetups here in the Orlando area. What kind of investing are you specifically looking to do?

 Where are you looking to buy? Dealing with builders is different than dealing with resale consumers. Builders typically have very specific targets with their pricing and usually offer a great incentives depending on market conditions. For example, right now you can get lower interest rates and assistance with closing costs because the market is slower. However during COVID the market was absolutely on fire and new builders had very few. If any incentives they even cut the commission that they were paying to cooperating agents because demand was so high and because their cost for construction had increased with all of the supply shortages. And most markets, the numbers still reflect that there's a shortage of available inventory, but because interest rates are so high, a lot of activity is slowed and so builders currently have more incentives.

 I have a great real estate friendly CPA here in Central Florida. I'll be happy to connect you with.

 Why did you get licensed?

 Kyle, that sounds like a pretty solid plan. When you get licensed focus on finding sellers. One of the best skills you can have is finding deals. I have learned that the best deals are find talking directly with the property owner. Once you understand what the sellers needs are you can then propose a solution that meets their needs, and will be profitable for you.