All Forum Posts by: Doug Wolff

Looking for a general contractor to do a complete rehab on a 774 sq fr Smoky Mountain cabin. Work needs to begin as soon as I close on March 2nd. Send you recommendations or information!

@Jenny Morrison I purchased a short-term rental in Osceola county in early April. Obviously the Disney shutdown had impacted STRs close to the resort. Are you seeing any bookings? Are your rentals Disney focused? I have reserves but I would really like to get closer to cash flow soon. I’d appreciate any insights you have on STRs in the area. Thanks!

Investment Info:

Single-family residence buy & hold investment in Kissimmee.

Purchase price: $182,000
Cash invested: $20,000

Vacation rental property near Disney

@Jonathan Conaghan

Very helpful Jonathan. It’s good to hear that your lost bookings have been filled even with virus fear. We are also, or will be soon, in Kissimmee

@Collin H.

Thank you for this advice. We do have reserves and are ready to weather down months, but were obviously hoping to hit the ground running

@John Underwood

Yes, confirmed STR regulations prior to the offer

Under contract for my 1st deal on a vacation rental townhouse in Orlando. The property is 3 miles from Disney World and I’m counting on bookings to cash flow. Have done my research and due diligence and was confident when I made the offer. The Coronavirus has me considering backing out of the deal. Need some perspective from folks that have done it long-term to guide me through the doubts. A vacation rental feels much more risky now than it did a month ago. Any insights?

I'm under contract for a vacation rental property in Florida. I need to register my LLC as a foreign entity in Florida. The paperwork requires a "designated agent". Where do I find or what kind of business person serves as a "designated agent"?

What defines realtor agency? Am I obligated in any way to work with a single realtor? Can I do different deals with different buyer agents? I live in Washington State and am pursuing deals in Washington with a realtor. I asked the Washington agent to research a Florida property but now am realizing I should have looked for a local Florida investment savvy agent. I’ll obviously stick with my agent for the deal he is researching. Can I work with multiple buying agents in multiple states simultaneously? A lot here. Appreciate any insights 

Found a vacant home as a flip candidate. Tax records show it is owned by a savings fund under a reverse mortgage. Is there any point in trying to offer a deal to a savings fund company?