All Forum Posts by: Shawn McCormick

Hi @Adam Richardson We have a pretty strong an active investor community here. Lots of meetups both in person and online and Facebook groups etc. Although not free, it is very cheap to the amount you get out of it. Look into joining CFRI.net. It is the local affiliate to the national REIA.

You will have access to about 20 meeting per month, plus other networking meetups all over Central Florida. There are great meeting that specialize in landlording, taxes, flipping, wholesaling, tax liens etc. The main general meeting is next Wednesday near downtown, it the first in person meeting we've had in over a year, so should be packed with people wanting to network.

Let me know if I can be a resource for anything else you might need.

Hi @Samantha Levien. I have been licensed in Florida since 2006, for what you are looking to do, it is not needed to be licensed. If you plan to purchase more than one home and sell your own properties, it could be advantageous, but not required.

I have helped many other BP members in purchasing these types of properties and would be happy to discuss the ins and outs of buying a STR here in Orlando. Feel free to reach out anytime. Good Luck.

Hi @Jake Greener You certainly have some options other than FHA. An issue may be lack of time at your job. I would be happy to share a couple local (to Orlando) lenders that I work with that can work with you and share what you should be doing now to prepare as if you don't have a salary now, credit history, rental history etc you will need to work on that as soon as you can.

Let me know if I can help. Good luck and congrats on recognizing the value of getting started so early!

Hi @Jasniry Antelo Championsgate has alot of options in both single family and townhomes. Be careful as some parts are zoned for longer stays only (vistas). I would be happy to speak with you about any opportunities in there or a couple other communities with similar amenities and location to Disney that will provide comparable returns.

Let me know if you would like to talk.

Hi @Kayla Lee. You picked a heck of a time to look for multi family! I just ran a search for someone else this afternoon for duplexes and triplexes.

I went out 40 miles from Orlando (Lakeland to Deland pretty much). There are 2 under $200k, 9 from 200-300, 19 from 300-400 and 7 from 400-500 and 10 more over $500,000. So 47 total and I promise, most are in areas you likely wouldn't want to have your fist investment property in.

The market overall is very tight and people are practically fighting over anything that is decent. I am by no means trying to discourage you, but it is challenging at best.

I'm happy to schedule a call to go over some thoughts and ideas of our market and talk thru some properties to see what is important to you, what you should be looking for, what to avoid etc.

Hope this helps a bit, reach out if you would like to talk thru some things. Good Luck!

Hi @K F. congrats on your sale. I am currently helping several investors (many from Bigger Pockets) purchase STR in Orlando. Although there are other things that are attractive about the other areas you are considering, let me vouche for Orlando a bit.

• 1. Number #1 vacation destination in the World over 125 million people a year
• 2. Everyone knows Orlando because of the theme parks, you don't need to explain where Ft. Myers is as compared to Orlando or Miami....they just know
• 3. Insurance will be cheaper as we are completely land locked and whether or not you believe in Global warming or not, insurers do and charge you for it if you are near the ocean. (Hurricane season starts in about a week)
• 4. You can be in Daytona, NSB, Space Coast, Tampa all in about a hour, so we have beaches and theme parks.
• 5. Major airport with every International destination you'll need. Try flying into Destin from the UK or Hong Kong or Brazil.
• 6. We have dozens of communities that are zoned and deed restricted for the sole purpose of STR. These are resort communities with no chance of the city changing the rules of how you use them. They are built for this with full blown amenities (lazy rivers, restaurants, game rooms, clubhouses etc).
• 7. Every kid in the World knows about Disney and wants to come here, When was the last time you heard of someones kids asking to go to Bonita Springs?
• 8. We host so many youth sports tournaments, cheerleading competitions, golf tournaments, have an amazing convention center that brings in millions of people.
• 9. That should be enough to at least think about, happy to have a call with you to go over what the STR communities offer and answer some questions.
• Best of luck to you! Let me know if I can help with anything else!

Hi @Jordan Brant I'm here in Orlando and we have the same issue here with less that one month of inventory there are just no points of entry to get something at a deal. There is so much cash out there that people financing can't compete with, let alone a 'deal'.

Something to consider would be STR in highly sought after, year round markets. They are performing very well coming out of the pandemic and cash flow great. You can still scale these, but having the right PM is key to success.

Just a thought, if you would consider this, let me know and we can schedule a call to talk over options in Orlando.

Good Luck!

@Robyn Green Colleen Pacheco with Secured Insurance 407-725-3413. She is a pro, much of her business is with investors and she does land trusts, llc's, subject to's, vacant, rehab etc.

Hi @Erika Pucciarelli as a Realtor®, I have several photographer referrals. Depends on your budget, location and if you want drone footage, ability to virtually stage it with furniture, do you want/need Matterport etc. Obviously if you need the services of a Realtor®, I would be happy to consult with you on that as well.

Good luck!

@Luis Sanchez Rodriguez meetings are still online as of right now. I believe we’ll be meeting in person starting in June. The main meeting is the first Wednesday of the month and there are about 20 sub group and county meetings. Check out CRFI.net for more information and membership.