All Forum Posts by: Javier Marchena

Hi @Wendy Rivera, When doing a owner's financing you always want to get paid at the moment of the transaction. Either by the seller or the buyer. You don't want to get paid over the life of the loan. 

Figure the amount you want to get paid for your service and apply a fee to the buyer or the seller (or any percentage you can agree) as a finders fee... my 2 cents

 Hi Jack, I did a house-hack on my first house when I was a student. Not sure what your questions are. 

Tried getting quoted from OBIE last week and this is the response I received for some some properties in Central Florida:

" Hello,

Thank you for requesting a quote with us.

I apologize currently we do not have any carriers available for your properties in Florida. I would recommend checking with some local insurance brokers in your area, they may know more carriers that are available."

They seem to be electronic brokers that will shop for insurance in a pool of carriers. Not sure how they can get better prices than you doing the same shopping. 

I would verify employment and proof of income. Then ask for a higher security deposit and/or ask the tenant to get short term rental insurance or vacation rental insurance. I am located in Orlando, let me know if you need help.

Hi @Sam O'Brien, 

Not sure about the numbers. 

First year Income and Expense shows a monthly income of $2,300 and next picture shows a monthly rent of $1,300.-

Check the numbers again.

I would ask how old is the mobile home too. Make sure you can get insurance before purchasing.

I would buy a house with 2 or 3 bedrooms that can perform as a rental in the near future. Use an FHA with 20% down and live in that house of a while. Then repeat.

Hi Nicolas, Yes, I will second @Rachel H. and suggest to read more books and research yourself before paying for any course. Find a local mentor in your area or post your questions here and I am sure there is many people willing to help. Good luck!

Electrical Engineer doing RE deals in Orlando, SFR, and Multifamily.

Hola @Enix Villamizar

Also here in Orlando. Let me know if you need any help.