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User Stats

2
Posts
2
Votes
Koree Sargent
  • New to Real Estate
  • Orlando, FL
2
Votes |
2
Posts

New SFR/2-4 Multifamily Investor, Looking to learn and network!

Koree Sargent
  • New to Real Estate
  • Orlando, FL
Posted Nov 6 2022, 12:23

Hi All, 

I'm new to BP and new to real estate investing. I'm want to build a rental portfolio of SFR & 2-4 Multifamily units by using BRRRR and/or buy and hold in the central Florida area, for now. Hoping to have my first property by the end of the year!

I'm looking to connect/network with others, to continue learning, and build working relationships to lead to a brighter future for my family and I. 

I look forward to connecting!

User Stats

488
Posts
186
Votes
Bob Reinhard
Lender
  • Lender
  • Patterson, NY
186
Votes |
488
Posts
Bob Reinhard
Lender
  • Lender
  • Patterson, NY
Replied Nov 6 2022, 12:56

Welcome aboard Koree!!! 


Feel free to reach out to me at any time for questions that are more involved than a back and forth post.

Much success - happy investing !!!

Bob

User Stats

461
Posts
338
Votes
Ash Hegde
  • Lender
  • Fort Lauderdale, FL (Lending in FL CT GA MI PA)
338
Votes |
461
Posts
Ash Hegde
  • Lender
  • Fort Lauderdale, FL (Lending in FL CT GA MI PA)
Replied Nov 6 2022, 13:37

Welcome Koree, you're going to do great in central Florida!

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User Stats

1,339
Posts
2,112
Votes
Tyler Gibson
Agent
  • Real Estate Agent
  • Orlando, FL
2,112
Votes |
1,339
Posts
Tyler Gibson
Agent
  • Real Estate Agent
  • Orlando, FL
Replied Nov 6 2022, 14:00
Quote from @Koree Sargent:

Hi All, 

I'm new to BP and new to real estate investing. I'm want to build a rental portfolio of SFR & 2-4 Multifamily units by using BRRRR and/or buy and hold in the central Florida area, for now. Hoping to have my first property by the end of the year!

I'm looking to connect/network with others, to continue learning, and build working relationships to lead to a brighter future for my family and I. 

I look forward to connecting!


 Welcome! This post is a great way to start! I suggest you start to network locally. There is a great collaborative investor community here in Orlando. There are multiple real estate meetups in the area. 

User Stats

4,065
Posts
1,350
Votes
Julio Gonzalez
Pro Member
  • Specialist
  • West Palm Beach, FL
1,350
Votes |
4,065
Posts
Julio Gonzalez
Pro Member
  • Specialist
  • West Palm Beach, FL
Replied Nov 7 2022, 02:35

Welcome to the BigerPockets, Koree! You came to the right place to learn more about real estate investing!

User Stats

1,503
Posts
1,158
Votes
Nate Sanow
Pro Member
  • I​nvestor & Agent
  • Tulsa, OK
1,158
Votes |
1,503
Posts
Nate Sanow
Pro Member
  • I​nvestor & Agent
  • Tulsa, OK
Replied Nov 7 2022, 04:16

Welcome to the party! You’ve come to the right place, and taken some good first steps. Now keep learning about what the next step is and should be, and it will go well for you. Best wishes to your success! 

User Stats

7
Posts
3
Votes
Wiliam Perrigan
  • Real Estate Agent
  • Orlando
3
Votes |
7
Posts
Wiliam Perrigan
  • Real Estate Agent
  • Orlando
Replied Nov 7 2022, 13:06

Welcome to BP! Everyone on here is very helpful, and quick to respond to any questions you have.  Orlando has plenty of great investment opportunities!  I wish you all the best.  

Feel free to reach out to me with any questions or if you need help with anything.

User Stats

333
Posts
457
Votes
Jerry Lucker
  • Flipper/Rehabber
  • Seattle, WA
457
Votes |
333
Posts
Jerry Lucker
  • Flipper/Rehabber
  • Seattle, WA
Replied Nov 7 2022, 13:48
Quote from @Koree Sargent:

Hi All, 

I'm new to BP and new to real estate investing. I'm want to build a rental portfolio of SFR & 2-4 Multifamily units by using BRRRR and/or buy and hold in the central Florida area, for now. Hoping to have my first property by the end of the year!

I'm looking to connect/network with others, to continue learning, and build working relationships to lead to a brighter future for my family and I. 

I look forward to connecting!

You may want to consider how I started over 20 years ago and am still doing today. I now own a nice portfolio of income producing real estate – virtually all of it purchased with cash by flipping mobile homes in mobile home parks. Why this unusual business model?

High profit margins! Consistently between 50% and 200%. Examples: 1) $8,000 total investment, sold for $24,000. 2) $20,000 total investment, sold for $40,000. 3) $60,000 total investment, sold for $95,000. 4) $100,000 total investment, sold for $160,000.

Most investors have no understanding of how or why this unique housing niche works the way it does. There are several unusual factors that make this possible. Mobile homes are considered personal property, not real estate. They are bought and sold quickly and easily - just like a car. Misconceptions and myths keep competition almost non-existent. The business model works the same way in 49 states (no mobiles in Hawaii).

I’m a big fan of real estate and BiggerPockets. I’m also a big fan of having a method to accumulate nice chunks of cash, rapidly, without borrowing (especially hard money).

May you have Great Fortune in your Endeavors!

User Stats

234
Posts
82
Votes
Dominic Pizzi
  • Lender
  • Freehold, NJ
82
Votes |
234
Posts
Dominic Pizzi
  • Lender
  • Freehold, NJ
Replied Nov 7 2022, 13:54
Quote from @Koree Sargent:

Hi All, 

I'm new to BP and new to real estate investing. I'm want to build a rental portfolio of SFR & 2-4 Multifamily units by using BRRRR and/or buy and hold in the central Florida area, for now. Hoping to have my first property by the end of the year!

I'm looking to connect/network with others, to continue learning, and build working relationships to lead to a brighter future for my family and I. 

I look forward to connecting!


 What's going on Koree! You are definitely in the right place! Feel free to shoot me a message if you need any help or assistance with your investing, I would be happy to help! As always lean on the people who are here for some type of guidance on your journey of investment real estate! All the best to you moving forward. 

User Stats

29
Posts
18
Votes
James McMurrey
  • Lender
  • CA CO FL GA OK TN TX VA, & WA
18
Votes |
29
Posts
James McMurrey
  • Lender
  • CA CO FL GA OK TN TX VA, & WA
Replied Nov 7 2022, 14:45

Koree, welcome to the community! Congrats on taking your first steps towards RE investing. There tons of great info and people to answer any questions in these forums.

Feel free to shoot me a message if you ever have specific question on the loan/lending side of the process.

Best of luck to you and your family!

User Stats

46
Posts
11
Votes
Mona B.
  • Real Estate Agent
  • Orlando, FL
11
Votes |
46
Posts
Mona B.
  • Real Estate Agent
  • Orlando, FL
Replied Nov 10 2022, 09:40

Welcome Koree! BP is an amazing community for continued learning and networking. Best wishes to you on your investing journey!

User Stats

372
Posts
172
Votes
John Williams
Property Manager
  • Property Manager
  • Clarksville, TN
172
Votes |
372
Posts
John Williams
Property Manager
  • Property Manager
  • Clarksville, TN
Replied Nov 10 2022, 09:42

Welcome! I'm executing on a similar strategy here in Clarksville, TN - where cash flow meets appreciation! I'd love to connect!