All Forum Posts by: Orlando Spencer

@Shane Boyd Excellent question, I begin my journey as an Investor who soared & failed with the market (2000-2008); saved $ to Invest again and succeeding (2011-present). The failures will make you a lot smarter if you don't repeat the mistakes! Sounds simple right? I became a Realtor in 2015 (Broker in 2018) and had already been in +100 homes as both a retail Buyer and Investor. That includes looking inside crawl spaces, climbing in attics, walking on roofs, showing up to inspections and calling whoever to verify it's a good deal! Those experiences make me an ASSET to home-buyers and sellers, I would not feel qualified had I not put up my resources to invest in Real Estate. Realtors I've spoken to who haven't invested yet say it's for reasons including: not enough money, bad credit, can't risk it all on one deal, need a mentor, not handy, no family nor spousal support, and lack of time. It's unfortunate so many Realtors waste years not cashing in on the financial Power of investing in R.E. I love that I'm mentoring and partnering with an Associate Broker in my Brokerage (O-Luxury Realty, LLC) on his 1st flip this month! Hopefully my response inspires readers to take action! There are definitely rewards for Realtors who strictly aid others like a coach, remember "good" Realtors can still produce a "good" deal for you... that's called an ASSET. @Shane takes most of the guessing out of major repairs, that's a huge ASSET too right? If a Realtor has assessed their ability to SUCCESSFULLY invest in R.E. and won't do it, we know they don't believe they'll succeed.... yet. However, you should learn all you can so you can at least increase your ability to succeed if you decide to invest. If you provide professional R.E. advice to others, please learn all you can because they're trusting you. Think about it, one "accurate" detail about buying a flip or a rental can be advantageous for someone else's deal. Thanks for reading! Orlando

Flipping has the risks associated with big losses, breaking even and/or huge gains. There can also be a lot of time needed to complete a successful flip. Rental property has been easier in my experience because you're not preparing for an Inspector nor an Appraiser. I'd suggest buy-n-hold initially because it worked well for me, however, you can begin flipping if you have time to insure contractors do what they say on-schedule, pending you've identified a property with adequate equity in a marketable location. Hope my insight helps!

Welcome Obi, glad to see things are still going so well for you! Let's catch up this October...

Hello all! Looking for land with a $35,000 cash budget. Here is the checklist... if your deal doesn't meet the checklist, don't waste our time folks ;-)

- within 25-miles of the beach

- within 40-miles of Zip Code 32082

- within 5-miles of shopping, restaurants, etc.

- over 1-acre in size

- near homes costing over $200K

Looking forward to you sending me what you have, thanks alot!

Welcome to BP! Plenty of great people and information here to give you a decent base for investing wisely in R.E. Give me shout if I can be an aid for information and/or as a Realtor!

Congratulations to you and your family and especially you for being such a savvy investor!

I'd be willing and qualified to serve here in Jacksonville, Florida. Thank you for considering! 

Congratulations Brent! I would be interested in purchasing a few great deals from your list. Additionally, I'm connected with a few Investors and a Hedge Fund that buys houses weekly so moving 30 homes priced well can happen easier than you know it once we connect. Give me a shout (PM) when you're ready, thanks! 

PS: mobile homes, condos  and townhouses welcome!

I'm willing discuss how my investment background and Realtor's License can aid in your financial gain. PM and/or give me a call, thanks for considering. 

Hello Ramal. Springfield has homes ranging for $2million to $2000. That means you better be a serious student of the area so your investment turns to profit. Your local... right? Spend hours, days and weeks walking the area to understand the pockets where it's wise to buy for flips vs. Buy-n-hold. I didn't ask if you're buying for a primary residence, if you are the same applies. However, you'll have more time for your home to appreciate as like many others in the area. Two huge words of caution.... Historic District! Learn everything involved with repair and maintenance requirements in HD's