All Forum Posts by: Gregory Emmer

@Roscoe Parsley You are better off than most because of your early start and the fact that you have family in the business.  That, and you have a game plan that makes sense.  The best course of action is to have a good support system in place that can help you streamline your operation.  Here's what I think every investor should have:

-A good realtor to find you properties, specializing in investment properties

-A good bridge lender to finance quickly

-A good crew to rehab it

-A good mortgage broker and or conventional lender to finance your end user

-Another realtor to help find you end users

@Joshua Pavao  I'll say that is probably depends on the projects.  GC's have huge licensing expenses to uphold, hence they're likely to charge more.  I would probably only utilize them when you will in fact need a GC to do the work for you (i.e. work that entails pulling permits, structural work, etc...).  If it's repairs that are mainly cosmetic, I would honestly bypass an inspector and deal with your local handyman.  Not just any one, though. Someone you've worked with in the past, someone at least familiar with code.  If you don't know anyone, then get a referral.  You'd be surprised, there are a lot of great handyman out there that could be more knowledgeable than a GC.  Just some food for thought obviously...

@Anthony Coletti What do you see yourself focusing on...Investing or are you licensed as a loan originator or realtor?

@Rick Antezana Where there's a strong and growing real estate market, there are certainly local networking meetings that are going on. In FL, each metro area has their own REIA that is a wealth of knowledge. That, and @Devin Beverage's suggestion of looking on Meetup for other local events that cater to the investment community.

@Account Closed There are many options out there. My biggest suggestion is look at all terms and compare. A good loan goes beyond LTV and goes beyond rates/points. Is there a prepay...do they require an appraisal...what docs do they ask for...what about insurance. As you can see there are many factors that go into an optimal loan!

@Dennis Tierney That's awesome.  It just goes to show that growing pains during a real estate investment is the tried and true way to learn.  I suggest it on these forums over education 100% of the time.  Because whenever you encounter the situations that you encountered here, you will be wiser for sure.

@Ed S. As you engage with other realtors/brokers out there, you'll begin to separate the differentiate the brokerages that may be more of a fit for you.  I'd gain as much knowledge as you can where you currently work, while keeping your eye out for a better opportunity.  Stay patient, but observant of what else is out there.

See you tomorrow @Ed S. we'll be there with the big yellow sign.

@Jennifer Shambrook Have you considered interacting with the local investment community that exists right in the greater Orlando area. CFRI has a great monthly meeting on the 1st Wednesday of every month. This month they'll have a "Shark Tank" panel show where investors try and sell their projects to industry professionals (lenders, JV partners, etc..). Meetings like these are a great way of meeting fellow investors and see how there's an opportunity to gain insight and knowledge about real estate investing in your market. We'll be there as vendors, so hope to see you there!

@Nathan Werth I think it's beneficial to earn it once you have moved, and for one main reason. Almost all licenses in FL require some sort of pre-license education.  Sure, you could take an online course, but I would recommend the opposite.  Being new to town, I would suggest taking your education in-person at a local RE school that offers state-approved courses.  You'll meet the same requirements that you would taking an online course, but you'll also be able to meet fellow professionals in your class, as well as gain insight from your teachers that you wouldn't otherwise be able to gain through standard online pre-licensing education.