All Forum Posts by: Gregory Emmer

@Will F. Call Oscar at GAIA Construction.  He's been in this business awhile and is very investor-friendly and knows how to navigate that terrain.

www.gaiagc.com/

@Account Closed I'd say if you can't get any solid answers on here, then a google search is the way to go...but you probably already knew that...

@Mike Johnson  HI Mike...I think it's always good to have a solid cash reserves "just in case."  You never want to spread yourself too thin.  And honestly, being in the lending business every day, and looking at a ton of credit reports, your credit-worthiness goes beyond your scores.  Hence, I wouldn't let that one component deter you.  It all comes down to your appetite for risk.  More leverage, more risk, but certainly a higher return if the numbers work...what areas specifically, specific to Central Florida, are you looking to invest in?

@DJ Cummins Think about it this way...If you you use it only or even twice in your life, and that's to purchase and/or sell your personal residence, you save on commission both times, and probably pays for the license/dues, etc...for those two times...and then some.

Not to mention, there will be times throughout where a friend or colleague needs to work with an agent on a home/condo, etc...and they come to you because they're comfortable working with a friend.

You could always get a national company like fidelity or stewart that has a branch in AL.  If this is your first deal in a new market, maybe you want to go with a company that has a presence backed up by a bigger company/underwriter...

@Gabriel Amedee Michelle and Lucas are great individuals that could steer you in the right direction.  They are living proof of the success that you can have wholesaling in the tri-county market!

@Ronald Parker It's never too late to get back into the industry, especially at a booming time like now.  I would start networking at local investment meetings.  There you will find many wholesalers that are looking to sell their properties and collaborate.  The next one is this Wednesday at Miami Shores County Club...the Dade Real Estate Investors Association...hope to see you there!

@Joe Martella I think your best bet is to invest in a market that doesn't have as many swings and volatility as other markets.  Granted, you may not be able to reach the peaks of a market like south florida or southern california, phoenix, etc...but at the end of the day you won't be subjected to a huge tumble in property values if the market stumbles...and you would in these areas I just mentioned.  I remember when the market collapsed in 2008, for awhile Charlotte, NC did not have as much volatility as other markets in terms of drop in property value...wonder how that market is now.

@Bernard B. I think it's a benefit that you're on the MLS and have access to properties that individuals without licenses have access to. I would probably set up criteria in your MLS on specific features that you're looking for in these multi-unit properties. When a property that has these features becomes available, it will automatically e-mail you that it's available. This will save you time for sure instead of scouring the MLS all day searching...

@Sernel Joseph Congrats on finally taking the plunge!  I hope your real estate investing journey proves fruitful, and always know that skills acquired in previous jobs or university studies can definitely help you as you begin to invest...good luck!