All Forum Posts by: Scott Wagoner

Hi @Cheyenne Davis

I am an Investor/Realtor/Wholesaler here in Central Florida. Unfortunately, it sounds like you have a realtor who is used to mainly retail business, and may not be aware of the extra needs of a wholesale investor. 

I also have to agree with @Charlie MacPherson. He's doing what a realtor should be doing for their investor clients. 

I have many investors call me on a daily basis to run comp numbers for them or tell them about an area they are not familiar with. If needed, I can also make connections with contractors for the rehab process. Just recently I had an investor that bought a house through me. I followed up midway through their rehab only to find out that they were "dead in the water" with an electrician that couldn't seem to get the job done in a timely manner. I was able to send over a contractor that I've worked with in the past to finish the job. They were able to get the house re-listed without a huge loss of time (and money). 

The short and sweet answer to your question is yes, you should be expecting more!

Hey Clint welcome to BP, 

There are only a select few wholesalers that work the Lake County area...and from experience there are a 1-2 that you should very much steer clear of. 

With that being said, there is a LOT of money to be made out in Lake County...VERY, VERY good rentals!

Feel free to connect with me 

Do a Google search for Shep Burr CPA...I think he still runs his office out of his house in Sanford. Him and his wife are very active with the local reia's

@Clint McLaughlin welcome to Orlando...who told you the rainy season is over? The hurricane season is just getting hot!

And sorry, to answer your questions...I personally don't care for condos/townhomes typically because the HOA fees are outrageous and will eat into your profits. I've heard nightmares of $300-500 a month in some cases.

For resale time frames, it all depends where the house is the condition and just like @John Kent stated who knows what the market is going to be in 2 years...heck the market has changed here in Orlando just in the last 6 months.

Hope that helps

Hello @Khalid Radwan,

With $300K you can buy a few houses in and around the Orlando area that can net you way better returns than 5-6%. In the last 2 months 4 of the rentals I have sold are returning my investors well over 12% and really closer to 16-18%. 

In need of a couple good electrician references in Orlando...if you know of anyone or have used anyone...I would appreciate the referral!

We are smack in the middle of a rehab and all the references so far have not worked out.

Thanks

Scott 

Feel free to give my number listed below

2214 Hollywood Ave Eustis Fl 32726

Here is a great addition to your rental portfolio!

With rents in the area fetching $850 -950 a month, this 3 bedroom 1.5 bath house is ready for you to start making some cash!

The house is in very good condition and really the only thing you need to do is slap in a new kitchen counter top and service the A/C to make this one rent ready!

The electric has already been upgraded and the roof is in excellent condition.

If want to go the extra mile on this one, there is a closet in the master bath that could be torn out and put in a tub to make it a full 3/2.

Purchase price $55,000

Rents $900

ROI 18.9%

For more info please contact Scott at 407-588-7355 or stay up to date on new properties as they come out at 

Call Scott 407-588-7355

Here is your chance to pick up a beautiful property in a fantastic neighborhood.

The details:

3 bedroom 2 bath 2 car garage

1631 SqFt with a fireplace

Wholesale Price: $119,000

ARV $175,000

Est Repairs: $25k

8228 Hawks Landing Dr

Jacksonville FL 32217

I should have pictures up in the next 24hrs on my website or you can just shoot me an email or text for a quicker response...sorry I've been driving all day:)

www.letsfliphouses.com

www.letsfliphouses.com

1934 Palm View Dr Apopka Fl 32712

5 Bedroom 3 Bath (2 full Master Suites)

Split floor plan

Fireplace and Pool

Kitchen already has beautiful black granite

Roof appears to be in great shape with architectural shingles, just replace the sky lights.

The exterior of the house is mainly brick with a wood siding trim around most of the windows and doors that will need to be replaced do to rot.

Wholesale Price $197,900K

ARV $295,000K

Est Repairs $45-60K

The details:

5/3 Brick/Siding

Fireplace and Pool

3066 Sq Ft Built in 1987

Repairs Needed:

Repair wood rot around windows, replace a couple windows, new flooring throughout, paint in & out, replace garage door, 2 new A/C units (outside only), update bathrooms, landscape.

Cash or Hard Money ONLY!

Call Scott 407-588-7355

www.letsfliphouses.com