All Forum Posts by: William Wright

I'm looking for a title company or attorney to form Florida Land Trusts. I want somebody experienced with Florida Land Trusts and setting these up to own existing LLC's or S-Corps in order to satisfy bank requirements. Land/new builds in Cape Coral and some in North Port.

Please only refer professionals you have or currently do business with.  They do not need to be in Cape Coral.  Professionals in Cape Coral, Fort Myers, North Port or SW Florida area is best.  Thank-you!

Austin Texas has been a gold-mine for investors.  Are there concerns about Austin being overbuilt?  There's so much new construction and permits now, it's beginning to outpace the population/job growth.  I'm curious what local professionals take on this is??

Real estate is very market specific of course and to answer the original post question, I would look at landlord friendly states.  This will help you significantly as a new investor.  Being able to evict a tenant in 1-2 months compared to 10-12 months is the difference in a landlord friendly state vs. tenant friendly state.  This will impact your bottom line.  Texas, FL, Carolinas, Georgia, and other markets mentioned have some very favorable job growth/population growth/income growth (from new jobs or people who move to the area) and if new builds are not keeping pace = future appreciation.   

I'm not familiar with Texas rental and/general laws, but it sounds like there is no obligation for the husband to sign as long as the application and lease was only signed by your client.  Your broker can offer some advice and other realtors with more experience may be able to guide and/or offer a cost effective attorney for your client if it gets to that point.  Real estate is a team sport for both rookies and the most experienced - a good opportunity to reach out to others and get some guidance. This is also an opportunity to provide value for your client during a stressful situation - you're ability to help and guide her will help build your brand.  

Jack, If you came upon 400k suddenly as you mentioned, I would strongly encourage you to not do anything for at least 6 months. Talk to professionals. Think about what your short and long term goals are, and do not do anything for 6 months so when you do move forward with an appropriate investment it will be well thought out. You will have lots of people who bring to your attention "amazing" opportunities and other tempting investments. I would keep your liquidity and money low key and talk to people with experience one off and you will be able to make better decisions next year when you're ready. It may also pay off to wait a little to see what happens with the market bubbles but either way I would strongly encourage you to hold off in order to avoid any impulse buying which would be a big mistake.

Would you consider a mixed use Property?  Also, if Stoughton is a town you would consider, one of my realtor I work with to find me deals told me about a 5 unit which sounds good.  Feel free to connect with me and I can give you his contact info.  5-6 unit properties can be strong in this area with less competition that the 2-3 units which get multiple bids

Brendon you're welcome to reach out to me. I am looking at a couple homes in New Bedford currently and have done flips in south shore area- Brockton, Etc.. What I've noticed about New Bedford is that it's important to do the same flip diligence (purchase, rehab and ARV) but also lending. Lending is especially important - understanding what lending programs will fit the needs of your client. A 3 month flip could = 1 year if you don't plan accordingly but on the flip side you can find a great deal and market to buyers who qualify for a government or other program like NACA where you can make out well. Just my two cents to be highly aware of lending and market accordingly in New Bedford. I have my realtors license too and there's some good realtors and wholesalers who can direct you to good deals. I'm happy to share a couple good contacts.