All Forum Posts by: Edwin Duran

@Kevin Powell

From Google;

This is however, for commercial RE.

A triple net lease (or "nnn" lease) is a form of real-estate lease agreement where the tenant or lessee is responsible for the ongoing expenses of the property, including real estate taxes, building insurance, and maintenance, in addition to paying the rent and utilities.

@Kevin Powell

Triple Net Lease ?

Any loan originators in the Central Florida area?

I’ve been looking to break into the industry, but Im continuously hitting a wall. Looking for some inputs.

Edwin,

@Nathan Killebrew

for my minorities;

‘Born to lose, built to win.’

@Nathan Killebrew

Steve Harvey:

‘Everyone who comes with you, can't go with you. You'll lose friends while you're climbing to the top.’

My lender has an escrow account they pull from to pay insurance and tax costs.

Is it cheaper if I just pay these on my own? (Ex: pay my taxes through the county websites and insurance premiums directly to the companies?)

Can I even do this? I am not sure how I would go about paying my PMI.

Thanks,

Back in late 2013, early 2014, I joined this awesome group of like-minded individuals. Eager to get into real-estate, I began to research and pick up anything I could learn about it. Biggerpockets was and is a great tool for learning so I began to dig into the endless amounts of information.

I was unsure of what I wanted to do within the industry and I didn’t have much cash. Instinctively, I did the only thing that made sense.. I began to work…. and save…and work again.

Fast forward to today, I can proudly say I was able to purchase my first townhome in March, that I plan to rent out in the future.

Technically I’ve been around for a while on here, (started on here relatively young at 22), but things didn’t happen as quick as I expected. For anyone who is just starting.. put the work in. Things happen. The stars line up if you continuously work.

As far as my plans with townhome, my fiancé and I have done a good job renovating the place. Were looking to purchase another one in the not too distant future.

Just came across this story.. Awesome!!

http://finance.yahoo.com/news/24-old-college-dropo...

Hi,

I am wondering whether the market evaluations on county public websites are accurate? How do you guys calculate property values? 

Hello BP'ers!

I need some opinions here, I recently moved to Orlando and I am living with in-laws until I get my own place. I however, have no plan on staying there for anything past one month. Ideally I'd like to purchase something but I'm limited with my savings (Under $7k). I have really good credit, my car is paid off and I only have about $3.5K in student loans. I've got a small job until I get my official offer letter from a large company. Until I get that offer letter which is taking forever, I am not sure how much I'd be bringing in monthly. Until then I wouldn't be able to provide proof of income. 

Another issue is that there are only pretty much standard 12 month leases. I'd like to own something as soon as possible. 

Regards, 

Edwin Duran