All Forum Posts by: Andrew Davis

Hey @Emily Raber, welcome to BP and the Florida Investing community!

@Erica Baruti gives some great suggestions for getting started here.  

My 2 cents, engage, engage, engage!  Listen to the podcasts, contribute to the forums, check out local investor groups and take action.

I'm an active investor and agent in Orlando, so feel free to reach out anytime.

I wish you all the best Emily!

Hey @Shane Huckstadt, welcome to BP!

I have to second @Ken Badziak, I'm a transplant from the Pacific Northwest (Portland, OR), and while I miss it, there's a lot to be said for having a natural tan in November.

@Renea Steward gives some great advice. Engaging consistently on BP is a great way to learn, connect with other like minded people and ultimately achieve your REI goals.

Both Daytona Beach and Jacksonville are great buy and hold markets, and cost of living here is pretty darn low.

I'm an active investor/agent in Orlando, so feel free to reach out anytime.

I wish you and your family all the best Shane!

Hey @Sean Erhardt, welcome to BP and the Central Florida investing community!

I just helped an investor client of mine purchase a nice buy and hold rental out there.

Do what @Brandon Turner suggests and you'll be way ahead of the game.

Here are a couple more tips to get the most out of BP and kickstart your REI journey.

Start here. You'll get a wealth of REI knowledge and learn how to take full advantage of Bigger Pockets (including how to connect with other investors). Listen to the podcasts and get active on the forums .

I'm an active investor/agent in Winter Park, so feel free to reach out anytime.

I wish you all the best Sean!

Hey @Account Closed, he's an active investor/agent up in Jacksonville and may be interested in the deals you come across.

I wish you all the best Joseph!

Hey @Jorge Magana and @Jared Lowe, welcome to BP and the Orlando investing community!

Jared is right, CFRI is definitely worth checking out.  The general meeting is great, but A LOT of people go so it can be a bit overwhelming, the county meetings and focus groups are a great way to connect with other investors in a smaller setting.

A few tips to help you get the most out of BP and start well on your investing journey:

Start here. You'll get a wealth of REI knowledge and learn how to take full advantage of Bigger Pockets (including how to connect with other Central Florida investors).

Listen to the podcasts , get active on the forums & set up key word alerts to be notified when people are discussing topics you're interested in. 

I'm an active investor/agent in Winter Park, so feel free to reach out anytime.

I wish you both all the best!

Hey @Rod Desinord, I've got a couple connections for you, shoot me a PM.

Hey @Robert Caserta, welcome to BP and the Florida RE investing community!

You are correct, it is a tough business, but you've heard the expression... "the harder I work, the luckier I get".

A few thoughts on your "investor" client (I put that in quotes just because a lot of people will claim to be RE investors, but have never actually pulled the trigger on a property)

Qualify him if you haven't already

How does he plan to purchase these flips? Cash, financing, hard money. Does he have POF or a strong pre-qual letter.

What are his criteria?  What price range is he looking at to purchase?  Sell?  Are his profit expectations realistic?  If he doesn't know or have this nailed down, but you feel that he's serious, this is something you can guide him through.

Who does he plan to use to do the renovations once he gets a property under contract?

There's nothing wrong with being conservative as an investor, it's actually a good thing, but may not be for you as his agent (a lot of time wasted).  We are in an extremely competitive market, and it's not unusual to see a lot of offers on distressed properties.  I recently placed a strong offer on a property for an investor client of mine, and he was one of 38.  

If it were me, I'd qualify first, then manage his expectations.  Connect with a few local contractors and ask them to bid on a couple of the properties you tour so your client can get an idea of renovation costs.  Share average days on market, list price v sold price and other statistics that will help him get a better feel for what he can expect to list and sell his flips at.

Sorry for the long winded response, but just know that your time is valuable and make sure you're not spinning your wheels, I've been there!

Beyond that, here are a few tips to help you get the most out of BP and kickstart your RE career:

Start here. You'll get a wealth of REI knowledge and learn how to take full advantage of Bigger Pockets (including how to connect with other investors).

Listen to the podcasts , get active on the forums & set up key word alerts to be notified when people are discussing topics you're interested in. 

@Brandon Turner wrote a guide just for people like us, agents who work with investors.  It should be very informative for you:

http://www.biggerpockets.com/renewsblog/2013/08/24...

I'm an active investor/agent over in Orlando, so feel free to reach out anytime.

I wish you all the best Robert!

Welcome @Brandon Thomas, congratulations on getting started!

It's been a pleasure getting to know you and working with you, here's to your success!

Hey @Evangeline Dardouni, @Brandon Thomas gives some great advice.

Congratulations on getting started in Real Estate.  You ask some great questions, and you'll find all the answers and more here on BP.

This should help:

Start here. You'll get a wealth of REI knowledge and learn how to take full advantage of Bigger Pockets (including how to connect with other investors).

Listen to the podcasts , get active on the forums & set up key word alerts to be notified when people are discussing topics you're interested in.

Also, check out this guide that @Brandon Turner wrote specifically for agents working with investors:

http://www.biggerpockets.com/renewsblog/2013/08/24...

I'm an active investor/agent in Central Florida, so feel free to reach out anytime.

I wish you all the best Evangeline!

Hey @Patricia Orange, welcome to BP and the Florida investing community!

@Linval T. has already given you some great suggestions to help you get the most out of the site, I would definitely check out the links he shared.

I'm an active investor/agent down in Orlando, so feel free to reach out anytime.

I wish you all the best Patricia!  (Fyi, Orange was my mom's maiden name, very cool:)