All Forum Posts by: Jay Weathersby

Hi Toney,

I am an Orlando investor as well. I suggest joining Central Florida Realty Investors (https://www.cfri.net/). They have weekly meetings and workgroups. Also, there are a lot of real estate networking events on Eventbrite (https://www.eventbrite.com/). Feel free to connect and/or direct message me if you have any questions. 

Hi. I live/invest in Orlando and work with an awesome mortgage broker. His contact information is below.

Roberto Martinez
Certified Mortgage Planners | NMLS# 1493773
1331 S International Parkway Ste. 2251 | Lake Mary, FL 32746
https://cmpfl.com/

Nice. Hopefully my lenders will give me the option to loan mod to a 40-year fixed as well. I haven't made a mortgage payment since March 2020. Been using the extra money for upgrades and repairs. 

Student rentals are fine as long as you get the parents on the lease. The parents will be responsible for any miss payments and repairs. Also most students don't have any credit so wouldn't qualify for a rental. Treat each room as a separate apartment and have individual leases.  Some community HOAs might not allow room rentals but are usually allowed around universities. Room rental is usually more lucrative than renting the entire home.

Mortgage Forbearance will be extended another six months (3 month increments) with the passing of the new Stimulus Package. Payments will resume on October 1st. No borrower with a lick of common sense should be in default or behind in payments. The Cares Act and new stimulus have protected us from non paying tenants or allowed landlords to save extra cash. 

St. Cloud is benefitting from the growth of Lake Nona. Homes are cheaper so people are flocking to that area. Also, new communities are being built on South Narcoossee Rd going towards St. Cloud. Check out the Isles of Lake Nona by Pulte Homes.

Hi Fab,

I currently live in Lake Nona (32827) and yes it is a great buy and hold area but really expensive. I don't know your budget but if you can afford it definitely buy. This area is booming so you will get great cash flow and equity. With that being said check out the surrounding area (32832) that border Lake Nona, especially Dowden Road. A lot of new construction going on off Dowden. I currently own two properties in that area. One is in Randal Park and the other in East Park. Also St. Cloud, FL is a great place to buy.

Hi Garrett,

I am an investor in Central Florida and as mentioned before the best areas are Hunters Creek (Orlando), Winter Garden, Davenport, and Kissimmee. Feel free to contact me with additional questions.

I live in Orlando and the market here is very competitive. Homes are selling within 24 hours within being on the market with multiple offers. And the market has gotten hotter since COVID. If cash flow is your goal checkout Kissimmee, Poinciana, Davenport, and Winter Haven. These areas are just south of Orlando and closer to Disney. Let me know if you're looking for some POCs here.

Brandon is a great area to invest. A lot of growth and great school system. And yes a good inspector should be able to notice foundation issues. Congrats on the new rental.