Rental Property Investor · St. Petersburg FL · Member since 2015 · 29 posts · 10 votes
Hi Everyone!
My name is Tristan Wheelock. I'm based in Sarasota County Florida and am excited to enter the world of investment real estate.
I'm heavily involved in the stock market currently and am looking to diversify my assets.
I'm forming an LLC with my brother who has five years of real estate experience as a commercial property manager and owner of his own rental properties.
We plan on using a buy and hold strategy to acquire multiunits.
Thus far we have met with a property manger, a loan officer and a home inspector and have acquired a realtor. We checked out our first triplex yesterday.
I've been voraciously reading everything I can on bigger pockets and beyond and have begun using the tools I've found to analyze properties. I ordered a copy of "What Every Real Estate Investor Needs to Know About Cashflow." I'm open to any suggestions you fine folks have for a newbie.
I'm looking forward to gaining more knowledge and feedback through this community and contributing what I can.
I am a wholesaler in the area and I also network with other wholesalers.
If you'd like to send me a private message letting me know exactly what you are looking for, and wish to include your email and phone, I will be glad to keep an eye out for you and also add you to my buyers list if you wish.
That is, of course, if you'd rather get an off market wholesale deal as opposed to a retail priced deal via a Realtor.
Welcome @Tristan Wheelock! I'm also based in the Sarasota market, and provide off market deals specifically for buy-rehab-rent investors, or those looking for turnkey rentals, and willing to pay the markup to not lift a finger. If you send me a message about what you're looking for, I'd be happy to assist your realtor in sourcing turnkey properties, or sending you off market deals I have access to.
Join the local REIA, we meet Wednesdays at the Oriental Buffet on Bee Ridge, at McIntosh, you can learn a TON from the minds that converge on that room!
Also, you mentioned you've found a home inspector, and a property manager (MAKE THAT DECISION WISELY!!!!), and a loan officer. You didn't mention an attorney. Find the right attorney to help set up your LLC (and if you're wise, multiple layer LLC) - the best money you can lay out is setting up your amount of risk up front BEFORE you purchase.
@Benjamin Pekarekthanks for the tips. I'll definitely look into tracking down a good attorney. Any advice on a place start that hunt? I'm out of town next Wednesday but I think I can make it to the meet up the Wednesday after that.
@Benjamin Pekarekthanks for the tips. I'll definitely look into tracking down a good attorney. Any advice on a place start that hunt? I'm out of town next Wednesday but I think I can make it to the meet up the Wednesday after that.
Dealing with as many attorneys here in town as I have, I recommend Geoff Pflugner with ICardMerrill, and Will McComb at Berlin-Patten. Neither one is cheap, but they can get you where you need to go.