All Forum Posts by: John Kent

@Carrie Maultsby-Lute talk to your neighbors and find out if any would be interested in selling their lots or buying yours. 

@Roger Perez with respect to buying rental properties condo's in our area should generally be avoided. There tend to be a few outlier cases where there is a good case for picking up a condo but in general townhomes and single family are better options.

@Joshua Crampton

Renovation for free? Who will pay for materials, insurance, licensed specialists, permits, utilities? Renovation projects generally have a significant upfront hard costs investment. 

Once the work is complete, why would the owner complete the sale? It might be easy for the owner to have a change of heart, go to court, pay damages, resell and pocket the difference. 

@Greg Radford welcome to Bigger Pockets. Try the Apartment Owners Association of Greater Orlando in Maitland. 

@Allende Hernandez never use price per sqft to value homes in Orlando, unless it is new construction. Use a straight substitution method with adjustments. Adjusting for size difference is difficult because the adjustment factor is usually less than the sold price per sqft. 

Also, new construction is not a comp for a resale. If your resale is over 5 years old than new construction should be ignored, unless it is priced near of less than your property. In this case the new construction is likely to cause a downward bias on the price of your property.

@Brittany Yoder I would recommend visiting a meeting at one of our local real estate investment groups. GoREIA or CFRI. 

For BRRRR financing find a good mortgage broker who offers Freddie Mac loan products. Preferably from multiple lender. It would be to your advantage if the broker both offered and understood Delayed Financing.

@Darrell Boyd for vacation rentals in Orlando talk to BP member Keith Courtney.

@Ryan Schaefer wasting time with retail banks. Find a good mortgage broker or non-bank lender. PM me if you would like a referral. 

Hi @Alex SImon PM me and I will give you a referral. 

@Bishoy Girgis TD Bank does second homes. BMO Harris Bank does second homes and investment property. After hitting the property owned limit with bank lenders a commercial purpose lender who offers landlord loans to foreign nationals is an option.