All Forum Posts by: Carlos Reyes
Carlos Reyes has started 6 posts and replied 17 times.
Post: Truth from Scott McGillivray on Contractors?
- Orlando, FL
- Posts 17
- Votes 3
Hey Everyone - I saw this on BI this morning. Has this been your experience with contractors?
Link: http://www.businessinsider.com/contractors-dirty-l...
I tried to embed but didn't work.
Post: How to build your real estate team? #askbp
- Orlando, FL
- Posts 17
- Votes 3
Great responses everyone! What I am realizing that there seems to be no other way to narrow down and identify a solid team of professionals to support your investing besides words of mouth and referrals. Am I wrong? Am I missing something?
Post: How to build your real estate team? #askbp
- Orlando, FL
- Posts 17
- Votes 3
Is that best method or only method?
Post: How to build your real estate team? #askbp
- Orlando, FL
- Posts 17
- Votes 3
Hey Guys - How do you suggest a new investor go about building his REI team and when should we hire them? #ASKBP
Originally posted by @Charlie Miller:
Welcome Carlos! My first Florida investment was a Vacation condo near Disney (Bahama Bay Resort in Davenport, FL). Beautiful place and it rented pretty well through the resort but after all the fees it almost broke even (with no mortgage payment bought with cash). I could have done more marketing on my own to get better returns but I'm having more success with long-terms. Agree with Levi that the multi's don't seem as common in Orlando but if your're willing buy outside Orlando you may find some good ones. I'm in contract on a duplex near Deland for $72,500 it's fully rented for $1100/month. No HOA.
Yea, I have seen some better deals just outside orlando. Have you placed you vaca rental on sites like Airbnb and home away? Did that increase occupation? How far out are you willing to go from you base of ops? I am trying to asses all these things and would love you input. As I understand it, Orange county is one of the fastest growing markets as people re locate to florida.
Wow - Thanks for all the engagement everyone! I was away on business which is why it took so long to get back. I will definitely do some research on the short term rental market! Thank you!
Hey Everyone,
I am looking forward to jumping into real estate in Orlando, FL! I am listening to the podcast and building my plan. I am taking a look at student rentals near UCF and any multi family available. I would love to hear how people are building their portfolio in the orlando area to see what has worked and what hasn't!