Newcomer in Orlando, FL

Newcomer in Orlando, FL

Greensboro, NC · Member since 2015 · 129 posts · 30 votes

Hello BP:

My name is Troy Hamlett. I recently moved to Orlando,FL and i am familiarizing myself with the market. I am new to real estate investing, but I have been researching the subject for some time now. My long term strategy is buy and hold. I currently am looking to learn every aspect of wholesaling so that I can build capital and benefit other investors along the way. I take pride in my "coachability" and I do everything in my power to keep my word. I am looking forward to diving into the BP community and developing mutually beneficial relationships with other serious investors.

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Apopka, FL · Member since 2014 · 183 posts · 23 votes
11y

Hi Troy, 

Welcome to Orlando!  And Bigger Pockets is it for learning and networking.   Make sure you setup your Alerts.  Anything you are looking for. 

We're wholesalers in the area.  If you have any questions just ask.

JC

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  • Apopka, FL · Member since 2014 · 183 posts · 23 votes
    11y

    Hi Troy, 

    Welcome to Orlando!  And Bigger Pockets is it for learning and networking.   Make sure you setup your Alerts.  Anything you are looking for. 

    We're wholesalers in the area.  If you have any questions just ask.

    JC

  • Memphis, TN · Member since 2013 · 969 posts · 524 votes
    11y

    @Troy H.

    Welcome to BP!!

  • BiggerPockets Support · Manila, Philippines · Member since 2015 · 1k+ posts · 148 votes
    11y

    @Troy H.

    Welcome to the BP community.

    The forums are a massive network of mentors.

    Good luck on your new adventure!

    BiggerPockets
  • Greensboro, NC · Member since 2015 · 129 posts · 30 votes
    11y
    Originally posted by @JC Gauthier:

    Hi Troy, 

    Welcome to Orlando!  And Bigger Pockets is it for learning and networking.   Make sure you setup your Alerts.  Anything you are looking for. 

    We're wholesalers in the area.  If you have any questions just ask.

    JC

     That's great guys. How long have you been investing? I would love to pick your brains a bit. That is if you don't mind...lol For starters I've been hearing that in some states accepting an assignment fee is illegal. Is this the case in Florida? Thanks for your time.

  • Greensboro, NC · Member since 2015 · 129 posts · 30 votes
    11y
    Originally posted by @Derrick Craig:

    @Troy H.

    Welcome to BP!!

     Thank you.

  • Greensboro, NC · Member since 2015 · 129 posts · 30 votes
    11y
    Originally posted by @Rachelle Rodavia:

    @Troy H.

    Welcome to the BP community.

    The forums are a massive network of mentors.

    Good luck on your new adventure!

     Thank you Rachelle.

  • Real Estate Investor · Philadelphia, PA · Member since 2015 · 16 posts · 4 votes
    11y

    @Troy H. Welcome to BP! This is the best place to be to grow your knowledge in Real Estate. Glad to have you with us :-)

  • Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
    11y

    Welcome to BP @Troy H. Find and network with local investors using find feature! http://www.biggerpockets.com/meet

    All the best to you!

  • Orlando, FL · Member since 2015 · 79 posts · 21 votes
    11y

    Welcome to Orlando and to BP!

  • Greensboro, NC · Member since 2015 · 129 posts · 30 votes
    11y
    Originally posted by @Essie Dodson:

    @Troy H. Welcome to BP! This is the best place to be to grow your knowledge in Real Estate. Glad to have you with us :-)

     Thank you very much for the warm welcome.

  • Greensboro, NC · Member since 2015 · 129 posts · 30 votes
    11y
    Originally posted by @Dmitriy Fomichenko:

    Welcome to BP @Troy H. Find and network with local investors using find feature! http://www.biggerpockets.com/meet

    All the best to you!

     Thank you sir.

  • Greensboro, NC · Member since 2015 · 129 posts · 30 votes
    11y
    Originally posted by @Kadian F.:

    Welcome to Orlando and to BP!

     Thank you Kadian. I hope the Orlando market has served you well.

  • Investor · Orlando, FL · Member since 2012 · 822 posts · 303 votes
    11y

    @Troy H.

     Welcome to BP

    JC and I have been doing this for years and years.

    Accepting assignment fee's in Orlando is legal, I think they need to be paid to an LLC though if you are not a licensed Realtor.

  • Greensboro, NC · Member since 2015 · 129 posts · 30 votes
    11y
    Originally posted by @Justin Stamper:

    @Troy H.

     Welcome to BP

    JC and I have been doing this for years and years.

    Accepting assignment fee's in Orlando is legal, I think they need to be paid to an LLC though if you are not a licensed Realtor.

     Thanks for the tip Justin.

  • Greensboro, NC · Member since 2015 · 129 posts · 30 votes
    11y

    I appreciate everyone taking the time to post a reply.

  • Lake Mary, FL · Member since 2014 · 118 posts · 54 votes
    11y

    @Troy H. there can really help with questions.

  • Greensboro, NC · Member since 2015 · 129 posts · 30 votes
    11y
    Originally posted by @Account Closed:

    @Troy H.

    Welcome to BP! 

    Best thing to do is setup an llc. There are a lot of ways to structure a deal and an llc will really help.

    Also talk to a title company. A lot of wholesalers use Southeast Professional Title.

    @Ryan Kopczyk there can really help with questions.

     Thanks Greg. Do you hold each of your properties in separate llc's?

  • Apopka, FL · Member since 2014 · 183 posts · 23 votes
    11y

    Assignment contracts are definitely legal in Florida and the preferred way to do deals.  As stated @Ryan Kopczyk from Southeast Professional Title is definitely your go to guy for closing any type of deal you need.

    We can go for coffee and discuss shop talk when it would be convenient for both of us. 

    Just let me know when would be good for you. 

    JC

  • Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
    11y

    You're welcome, Troy!

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