All Forum Posts by: Cheryl Vargas

@Joe Villeneuve

My thoughts exactly. Sell it.

Looks like there is lots of negative cash flow here, especially with the $300/month HOA fees.

And with HOAs they can ask for extra money at any time to pay for repairs for roof, pool, parking lot, etc.

@Huy Le

Where are the C and D class neighborhoods? I’d like to know where to avoid buying.

Has anyone made a map somewhere that we could look at?

@Raymond Santos

Wow! That’s a great deal to get a duplex for $310k with one side rent of $2550!

It seems that you will be living in the other side, since I see an FHA loan listed.

Very cool!

I have heard a lot of good things about yellowletters .com and they can send letters to lists that you specify your parameters for them.  If you find an off-market seller, you have to be prepared to negotiate a deal with him from long distance, and find inspectors, and attorney/title companys to facilitate the closing. I'm going to look to buy a property on the market in Orlando, so that I will be able to use a realtor to get the closing done correctly from long distance. Probably after 3-4 purchases, then I'll be comfortable closing on a sale without a realtor from 2000 miles away.

@Brandon Moore - did you find a good property in Orlando?  

How is your rental working out? I'm in CA as well and looking to buy in Orlando and looking to get some property insights.

@Payton Pearson

This is good to know!

I’ll have to ask my realtor to use this option for my next property if it’s a really good one with lots of room for negotiation.

Thank you!

Nice to hear your success story!

@Payton Pearson

For the escalation clause, do you reveal what amount you’re going to raise the amount to if others offer prices higher than your original amount?

@Gabe Duran

Welcome!

Check out the MeetUp app to meet local investors too

There is an investors group that meets in Petaluma ( zoom lately)

It’s called Sonoma county real estate investors

@Alice Horn

What kinds of regulations does Orlando have for STRs? Is it easy to run a vacation rental/STR there?

Also, what % of occupancy taxes do owners need to pay to the city/county?

Is it easy to find house cleaners to clean every 3-4 days, and to find people to stock up supplies, or bring out the trash?

@Michael S.

Do you think that I could get a good idea of the quality of the area by using the street view in the google earth maps?