New Member Introductions

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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

472
Posts
177
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Bob Reinhard
  • Lender
  • Patterson, NY
177
Votes |
472
Posts
Bob Reinhard
  • 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

248
Posts
149
Votes
Ash Hegde#4 Creative Real Estate Financing Contributor
  • Lender
  • South Florida (Lending in FL CT MI PA)
149
Votes |
248
Posts
Ash Hegde#4 Creative Real Estate Financing Contributor
  • Lender
  • South Florida (Lending in FL CT MI PA)
Replied Nov 6 2022, 13:37

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

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1,169
Posts
1,949
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Tyler Gibson#1 Classifieds Contributor
  • Real Estate Agent
  • Orlando, FL
1,949
Votes |
1,169
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Tyler Gibson#1 Classifieds Contributor
  • 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. 

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2,511
Posts
795
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Julio Gonzalez#1 New Member Introductions Contributor
  • Specialist
  • West Palm Beach, FL
795
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2,511
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Julio Gonzalez#1 New Member Introductions Contributor
  • 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!

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1,503
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1,146
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Nate Sanow
  • I​nvestor & Agent
  • Tulsa, OK
1,146
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1,503
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Nate Sanow
  • 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.

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311
Posts
425
Votes
Jerry Lucker
  • Flipper/Rehabber
  • Seattle, WA
425
Votes |
311
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

154
Posts
59
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Dominic Pizzi
  • Lender
  • Freehold, NJ
59
Votes |
154
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

16
Posts
13
Votes
James McMurrey
  • Lender
  • Oklahoma Area
13
Votes |
16
Posts
James McMurrey
  • Lender
  • Oklahoma Area
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

33
Posts
7
Votes
Mona Bryan
  • Real Estate Agent
  • Orlando, FL
7
Votes |
33
Posts
Mona Bryan
  • 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!

Real Estate Agent Florida (#SL3562628)

User Stats

255
Posts
146
Votes
John Williams
  • Property Manager
  • Clarksville TN (clarksville, tn)
146
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255
Posts
John Williams
  • Property Manager
  • Clarksville TN (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!