All Forum Posts by: David Niles

We have a couple friends doing some stuff in Orlando and St Cloud,  were personally more over into Daytona Beach, DeLand areas.  

No, your license has to be hung with a brokerage.  Your best to look around and try and find one that works with investor / agents to save office fees etc. 

The leak isnt strong yet, problem is that the galvanized rots from the inside out and once it starts to leak it crumbles.  They are going to have to abandon all the lines in the slab and usually run a main into the attic and then drop down to the fixtures from there.  

How good a deal is the $140k ?  To me, that makes a big difference in what and how much I ask for. 

You know what they say, things always go wrong at the worst possible time and usually in multiples really stressing you out.

Do you have a long standing relationship with you PM?  I would just want to make sure the PM isnt trying to make a quick buck. 

Probably not if your not doing any construction changes. 

In Florida 

“Bedroom” means a room that can be used for sleeping and that:

For site-built dwellings, has a minimum of 70 square feet of conditioned space;

Has a closet and a door or an entrance where a door could be reasonably installed; and

Has an emergency means of escape and rescue opening to the outside in accordance with the Florida Building Code.

A room may not be considered a bedroom if it is used to access another room except a bathroom or closet.

Turned out great Michelle.  We ended up doing an owner hold finance on it ( this was many years ago before all the Dodd / Frank stuff ) young couple did about 2 years payments, ended up splitting up and then basically giving it back.  We did some additional small repairs / updates from them and sold it for cash.  Was a really nice cash cow and couldnt have had a better start in the business.  

Always check with park management though before buying / getting involved.  Some are great, others not so much and easy to see why their parks are dumps. 

I'm personally not a fan of glass block in showers, we use them for basement windows all the time though.  If you do use for shower, I would recommend using the silicone units not the grout.  We had a small bathroom that was going to be way too dark if we closed off the window, instead we built a custom frame out of pvc boards and had a friends glass company build me a thermopane glass panel that was frosted and tempered.  Turned out pretty good and no worry about rot.

We have a couple clients in the Kissimmee and St Cloud area,  I love both those spots.  Both are long term tenants and while Yes, Orlando and surrounding areas are very touristy, but all the tourism needs workers and housing so you dont have to base it upon tourist or seasonal rental alone.  Two of ours are employed in the airlines.   

Another thing to watch out for on those old boilers is pipe wrapped in asbestos,  see it all the time in old houses.