All Forum Posts by: David Rutledge

I actually agree that OC RE is on the high side right now, and so are many other markets ... but so what? That doesn't mean you can't make money, and if anything, if it is the peak then that means there will be some great buying opportunities coming up ... I for one would welcome that. Also agree with Aaron that nobody can predict this. Thing of it is, if you learn to invest properly, none of that really matters, you will still make money. Markets go through cycles, it is what they do ... you are better off learning to invest throughout the cycle IMO rather than chasing markets that you think are some how in a different place in their cycle or immune to them. And apologies if my last post seemed harsh, I just wanted to try to keep you from avoiding the traps I see other noobs make in only hearing what they want to hear and thinking that the grass is somehow greener on the other side of the fence because they live in an expensive market ... it is plenty green here, it is just a different shade of green. Happy to chat further if you like.

I can see where your coming from David Rutledge . I believe we might be in the same boat. Sorta. I'm thinking that your so hyped about this whole situation and ready to jump in but just can't find the right target. It sounds like you informed yourself pretty well and know what to look for. Just don't get ahead of yourself. Like others have said. You have to study your market. Thoroughly. Learn the numbers. What you can cash flow off of and what is a bad investment. When you start talking to yourself looking off the mls and seeing a price for a house and going " what a joke". Your getting somewhere. Your learning who's asking to much and knowing when something worth your while pops up. Take your time. Also. Don't go off appreciation. If you haven't studied your market enough to know the above your def not going to know wether the house is going to appreciate for certain reasons or not in that area. Buying smart and making money off the purchase for you would be running your numbers and strictly knowing you will cash flow. Remember appreciation is a bonus. Especially when your saying you plan on holding for a long time. That appreciation will
rise and fall along the way. I hoped I helped with my novice questionable motivation haha good luck along your journey!!👍🏼

The Cape Coral and Fort Myers market is on fire right now! Let me know if there is some way I can help you in the local market!

David, you've been given some very good advice from

@Aaron Mazzrillo and @Rick H. ... judging by the lack of response to them, it may be falling on deaf ears ... I would caution you to not filter out the advice that you don't want to hear and focus on the stuff that you do want to hear.

I also read another one of your posts asking for something with high cash flow and long term appreciation ... let's think about this for a bit ... a property that is cheap and has high initial cash flow almost by definition will NOT have a historical track record of high appreciation ... if it did, then it would NOT be cheap. The opposite is equally true with a property that has low initial cash flow and high appreciation and rent growth. Those are the laws of supply and demand that drive market pricing for rents and price. You can make money in either type of market if you are local, knowledgable, and skilled in REI, but asking for both is like saying that you want a property that has little to no appreciation in the past decades, but will suddenly start to appreciate rapidly the day after you purchase it ... I just don't think that is very realistic. Trying to get both, you are likely to run into only slimy salespeople who will tell you whatever you want to hear and you may end up getting neither.

Stay local ... if you don't like the market where you are, then move to a market you do like for investment. If you don't want to move, then ask yourself why not and you may begin to understand why your home market is expensive in the first place. Good luck to you whichever path you choose.

@David Rutledge I'm a local Orlando investor and I can honestly say that it's slim pickens. There are definitely opportunities out there but they are really few and far between right now. The market is at it's peak. I buy only wholesale properties not listed on MLS and I don't deal with foreclosures anymore because they're not much better of a deal than anything else on MLS. I'm happy to share my wholesale findings with you as I can't buy them all.

@David Rutledge  I wouldn't limit the search to only foreclosures.  What exactly are you looking for in your numbers?  To get homes below market, you usually either have to buy them off market or buy them and add value.  Foreclosures are a good way to add value, but it's usually more than simple, cosmetic work.