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All Forum Posts by: Shawn McCormick

Shawn McCormick has started 11 posts and replied 1020 times.

Post: New to investing and eager to get going! :)

Shawn McCormick
Posted
  • Realtor
  • Orlando, FL
  • Posts 1,091
  • Votes 854

Welcome @Will Pigg and Rachel.

Congrats on selling your business pursuing your dream! The support, guidance and information here on BP is very valuable. You also mentioned local meet ups. We have a pretty active REI community here and lots of them to choose from, both REIA's and put on by individuals.

I am on the board of CFRI, the local chapter of the National REIA. We have 15+ meeting each month all over Central Florida where you can network with other local investors and trades. We have focus group meeting like First time investors, Flipping 101, Women investors, landlording, multi family and Advanced Investors. So something for everyone. You should check it out and come to one of the meetings. There are plenty of contractors, private/hard money, realtors, wholesalers, flippers and many other trades that can provide valuable info to you.

Let me know if I can be a resource for anything else, always happy to help.

Best of luck!

Post: Connecting with Investors

Shawn McCormick
Posted
  • Realtor
  • Orlando, FL
  • Posts 1,091
  • Votes 854

Hi @Angel Allen-Borges You should check out CFRI, Central Florida Realty Investors Association. The local chapter of the National REIA and the largest non profit in the country. The General meeting is the second Tuesday of each month, that is your best chance to network with all types of investors and trades. They do have a commercial meetup group each month too.

Let me know if I can be of any help. Best of Luck!

Post: Learning how to structure FL rental property with land trust and LLC and confused

Shawn McCormick
Posted
  • Realtor
  • Orlando, FL
  • Posts 1,091
  • Votes 854
Quote from @Josselyn Jorge:
Quote from @Shawn McCormick:

Hi @Dave Allen I have all of my rentals in separate land trusts and the beneficiary of the land trust is my LLC.

I use a local trust company to be my trustee and have another great resource here in Orlando as well. I'm happy to connect you to see if they can help you. Both are attorney/RE investor owned. 

Best of luck.

Hi @Shawn McCormick! would you be able to share that information with me? Thank you 


 I'll send you a message. 

Post: New member from Florida, Orlando

Shawn McCormick
Posted
  • Realtor
  • Orlando, FL
  • Posts 1,091
  • Votes 854

Hey @Dudson Duperrier welcome to BP. Have you figured out what area of RE investing you are interested in learning more about. Finding out what you are good at, interests you and you have the time for are just a few things you should consider.

Orlando has a pretty active investor community. I am on the board of the local REIA (Central Florida Realty Investors, CFRI) the largest in the country. You should consider coming to some meetings and networking to meet other local investors and trades. We have over 15 meetings a month and some focus groups that specialize on certain niches. Let me know if you would like to attend and I can send a guest pass.

Best of luck.

Post: Relocating to the sunshine state!

Shawn McCormick
Posted
  • Realtor
  • Orlando, FL
  • Posts 1,091
  • Votes 854
Quote from @Dalton Foote:

@Shawn McCormick I would be happy to hop on a call sometime to chat. I think I will work a W2 role when I first get there to see if that is something even worth getting into again down in Florida or if there is a need with pm companies and investors possibly. I think it really boils down to where I can get work since we can live anywhere in the state with her job which makes it more flexible for me to find a role initially. I'll add you now and we can chat sometime! 


 Thanks, I can't put my info here, but have a link in my profile to schedule a call. Look forward to hearing from you. 

Post: SFH rental tenant placement recommendation in Davenport FL

Shawn McCormick
Posted
  • Realtor
  • Orlando, FL
  • Posts 1,091
  • Votes 854
Quote from @Grace Chee:

Hi @Shawn McCormick, yes it's a long term rental, I'm looking to hire a property manager for tenant placement and a move out inspection (my current tenant is moving out), after that I'll take over. Would love recommendations. :) 


 I sent you a PM with contact info. 

Post: SFH rental tenant placement recommendation in Davenport FL

Shawn McCormick
Posted
  • Realtor
  • Orlando, FL
  • Posts 1,091
  • Votes 854

Hi @Grace Chee, are you looking to hire a property manager? I have a couple that I could recommend that work in that area. This is a long term rental, correct?

Post: ROI expected by purchaser of a PMM

Shawn McCormick
Posted
  • Realtor
  • Orlando, FL
  • Posts 1,091
  • Votes 854

Hi @Peter Walther I can put you in touch with a few local investors that you can speak with and they can tell you what is attractive and what to expect. Likely get some offers from them too. 

Best of luck

Post: Things to consider when investing in Orlando

Shawn McCormick
Posted
  • Realtor
  • Orlando, FL
  • Posts 1,091
  • Votes 854

@Daniel Gugliotti sounds like you understand the market and risks enough to evaluate some properties. Curious why you would want condos? You did mention STR, is that what you are looking to do, if so your best bet is in the Kissimmee/Davenport area and stay within a resort community. There are quite a few that are zoned specificially for short term (i.e. Windsor Hills, Storey Lake and other that have condos).

The HOA fees are going to eat into profits weather long or short term, but with short term, the guests get resort amenities and generally cable/internet/trash is also included, so at least you get some benefits.

If you want long term, you'll have to make sure the condo is warrantable and the complex has the right mixture of investor to owners. Depending on the demographic you are looking for would help determine what part of town to look in. Downtown and surrounding neighborhoods will get you younger professionals working the hospitals/office buildings, Out by UCF-students, near Disney-roommates sharing a condo. Out by the airport will be a different mix of everything. 

As far as multi family, we don't have much worth looking at here. It is typically overpriced, older, usually need many updates/reparirs and many times not even a true multi (garage conversions etc). They are scattered and the good ones don't come on market very often so you have to really watch for them. 

Happy to dive a little deeper if you have specific questions. Reach out anytime. 

Best of luck.  

Post: Looking for Agent in Orlando

Shawn McCormick
Posted
  • Realtor
  • Orlando, FL
  • Posts 1,091
  • Votes 854

Hi @Erin Sfera Welcome to Bigger Pockets. 

What is it exactly you are looking for in an agent? What type of property are you after (single family, condo, townhome, multi family, short term rental etc)

Happy to dive a little deeper with a call to see if I would be a good fit. You can find a link to schedule a call in my profile. 

Best of Luck!