All Forum Posts by: Braner Dantas

@Brianna McNally I live in Winter Garden and have seem a very steady appreciation and a good rent to property price ratio.

I like a lot one community called Waterleigh for your price point. It is a huge waterpark community with a lot of amenities and many things to come inside (school, supermarket and few other things).

https://www.drhorton.com/florida/central-florida/winter-garden/waterleigh/floor-plans/ibis

I think it really comes down to what your plans are and how you learn best. 

I took mine online just because I'd like to take my time to be able to stop my training and seek additional information and real cases. I like the classroom forum as well, but i think it is much more productive when you go to a classroom prepared rather than sit down to learn something. 

The real knowledge you will have after you get your real estate license and start working. Find a good broker with other good real estate agents so you can learn from them. Good luck!

@Andrea Aguilar You are right. I had many great feedbacks of people that stayed for the first time on a vacation home and loved the experience. Specially now that a lot of people have some kind of food restriction. 

I manage properties in Kissimmee (both side east and west) and Davenport. If you want to take a look at a few properties I manage, I'd more than welcome you to join and I'd be happy to show some communities to help you be assertive on your investment. 

@Andrea Aguilar I find very hard to have a descent return on a vacation rental on that price point.

Specially because you will be competing a lot with hotels.

I have run the numbers many times for properties up to 2 bedrooms and I found that a long term rental is a better investment for that niche.

I manage properties from 3 bedrooms up to a couple of 12 bedrooms and if you decide to go on the vacation route, a few tips I’d like to share..

- Decoration is key, please use a professional photographer;

- Amenities attracts a lot of people, not necessarily they will use it;

- guests appreciate a simple but honest welcome kit;

- technology as smart locks, ring on the outside, thermostat controller will really help you save some money;

@James Wise It was based on sold comps on the same condo. Few people bought even a little outdated unit and was able to rent for 1,250 and one got 1,300. 

I liked the advise @Frank Wong gave about leveraging my company to help but don't put the tenant in.

Thank you both!

Hello guys, 

I'd like some advise from those that have experience with this type of flipping.

About two months ago I purchased a property from a tax deed auction near Orlando, FL. The rehab is going to be ready in about 10 days. 

This is a 2 bedrooms with 1.5 bath really close to two universities (UCF and Full Sail University). I have done a full rehab (new flooring, tiles, appliances, paint, etc). 

My main goal with this property would be to flip it after I have placed a tenant there, mostly because I own a property management company and could keep managing the property and turn this into a turnkey investment for the investor. 

However, I don't want to be proactive and place a tenant and then find out that this property was much more suited for an owner to live in once everything is brand new. 

Some number for you to understand:

ARV: $105.000

Rent: $1.250

Hoa + taxes+ property management + insurance: About $540

Net Income: $711 monthly or 8.14% yearly.

What do you guys think?

@Daniel Kauffman great spreadsheet! What is your experience with Airdna so far? I have been discussing with them about Rentalizer. I want to show my home owners how their property compares to the market. 

One of the things I am concerned is the fact that they only use airbnb data, i'd like to be able to compare with all the big players as well. I market the properties on many different channels and I am looking to some data I can really rely on. 

Hello all, 

I have a small RV lot near Orlando, FL that someone wants to buy. The deal is 7K as a down payment and he is asking for the remaining 11K to be owner's financing. I am willing to do it because I actually want to learn more about this type of deals. 

Based on my research the best way to go ahead would be to get a promissory note with the terms of this contract. I understand I also have the possibility to sell this promissory note to a third party. 

Any advice here? Am I on the right track? 

Thanks guys.