Newbie currently in Clermont, FL
5 Replies
Shawn Leclair
New to Real Estate from Clermont, FL
posted 11 months ago
Hello all,
I am new to REI, and currently in the research stage. I am trying to learn as much as I can about buy and holds, and managing rentals.
I was a builder/contractor from Ontario Canada. We sold everything to travel full time in an RV. We have been to 40 states and counting. I travel with my wife, our 8 yr old son, and our bulldog Griffin. We would like to start doing more international travel and the need for passive income has lead me back to real estate.
I decided to start doing research in order to avoid making the same real estate investment mistakes I made years ago(Like jumping in with both feet without knowing the ARV🤦).
I discovered the BP podcast and started absorbing all the earlier episodes. I have since come to the realization that I previously knew absolutely nothing about how to do this and what an amazing resource BP is!
We are currently in Florida, one of our favorite states! We are considering investing in our first property here. We would like to start with a four plex that we would buy and hold.
Being relatively new to real estate and the US I am trying to learn as much as I can about financing, being a landlord, and property analysis.
I am hoping to network and learn from experienced investors. I am happy to help anyone with any construction related questions to pay it forward.
looking forward to being part of this community,
Shawn Leclair
Dmitriy Fomichenko
Solo 401k Expert from Anaheim Hills, CA
replied 11 months ago
Welcome to the BP family! Glad you joined the best real estate investing website! Here are some recommendations for you:
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Wishing you the best!
Shawn Leclair
New to Real Estate from Clermont, FL
replied 11 months ago
Thank you for the tips@Dmitriy Fomichenko
Brandon Reed
Rental Property Investor from Clermont, FL
replied 11 months ago
Hey @Shawn Leclair ! Welcome to BP, and to Clermont! I'm in Minneola. The area is growing rapidly and there is a ton of opportunity all throughout Lake County. Multi-Families aren't necessarily scarce, but they are hard to come by listed traditionally on the MLS. You may need to go Off-Market unless you're willing to wait for some to get listed. Anyways...reach out with any questions. Would be happy to share what I've learned about the area!
Shawn Leclair
New to Real Estate from Clermont, FL
replied 11 months ago
Thanks for the feedback @Brandon Reed ! I was starting to think the same thing.
I see you host a real estate podcast, what a great way to learn from others. I will definitely check it out! I do a lot of driving and love listening to podcasts. That's how I discovered BP.
Do you have any suggestions on where to look for off market multi families? We have done some driving for dollars and considering sending out some mailers.
Thanks again for reaching out, I really appreciate it.
Shawn
Brandon Reed
Rental Property Investor from Clermont, FL
replied 11 months ago
Mailers are still the most effective off-market strategy I've found. There are a lot of downsides to it, I know. But it seems to still be the best way to get to people who haven't listed their homes (unless you get pretty sophisticated with Social Media. There are some solid options there if you really know what you're doing).
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