All Forum Posts by: David Vanlandingham

Pretty laid back as of now.  I think they are quietly open to Airbnb vs a sf rental property. Lake county school system is overloaded. 

No, not at all!  Clermont, Davenport and Groveland are exactly where you should be looking.  Lake County has lower property taxes as well.  Winter Garden, where I live is becoming very expensive but those other areas IMO the timing is right, as in right now!  Google - clermont florida airbnb game house

Cape Coral is another hot area as well and there are a few other jewels in SWFL.

Clermont is primarily in Lake county. If anything people may be moving to Clermont to get away from Orange County property tax hikes. I live 2 miles from Clermont. 

Hello!  Ginny Adkins is great!  She is on BiggerPockets. 

 I agree and I would even add Groveland to that list. 

Look at both the city and county levels as far as ordinances go. If their are restrictions as mentioned those would be in your contract. That needs to be reviewed by a local attorney as well as all 145 leases that are in place. You need to know what you are beholden to. 

At this time there isn’t rent control in Florida. It is being presented by one senator but has very little support or traction. You still need to do your due diligence on a local level. 

@Greg R. "get in when you can."  When you are fully committed to the project mentally and financially.  This in no way means to side step your due diligence, market research or analysis.  I never enter into a project without multiple exits or pivots. For the last 18 years I have worked with real estate investors, many of them are new and somewhat paralyzed by everyone else's fears.  In no way did I imply "right now".  I think there are always good investment opportunities even in the worst of times.  It's a matter of risk tolerance and what "noise" you choose to listen to that tells you a good time to make your move.  I think we both know that there are very polarizing opinions out there.  There are would be investors that never make an investment because they are waiting for the perefect rental property unicorn to come along.  

You made an investment and you were successful but because you made that investment you missed out on a once in a lifetime deal...  Greg you are still here, you survived missing that deal.  You're still moving forward, doing deals and being successful.  I pray that you have the resillence of a cat and you'll have 8 more opportunities to run across another opportunity of a lifetime.

We are not all here to agree on everything, that would be boring and lack teachable moments for us all.

Continued success.

We have a thousand people a day moving to Florida and many have attributed this to the flexibility of working remote.  Notice the states Greg mentioned have no state income tax.  Now one can argue Texas has higher property taxes and that makes it less attractive to some than Florida.  Taxes in general have pushed people out of high tax states like NY, CA, MA, IL as well as others.  There are also rumblings that some are fleeing from some states that they don't or no longer agree with the current political climate. 

As far as timing goes, get in when you can.  Trying to play Nostradamus is counter productive and when the economy and interest rates settle down you can adjust your position by refinancing, raising rent rates or look to your exit strategies.

@Stephanie Romo being open to other markets mentally is a big win!  I'm in Winter Garden and in the last 9 months the property values have made it more difficult to find a good deal as far as cash flow.  There are certainly appreciation plays but those require a chunk of change in Orlando.