All Forum Posts by: Account Closed

Would we be able to meet there on Sept 28th ?

Marcus and Millichap provides an excellent annual review of major cites and provides that. Go to their website at marcusandMillichap.com and click on research. They do an excellent job of providing this info for free.

What exactly are you looking to learn in Orlando. I'm in Orlando and have been a full time investor for 17 years.

My advice to new investors is to start wholesaling properties. This does not require any money to start and to get deals closed.

First pick a neighborhood that you are either in or close to. Driver around all the streets and look for vacant houses. (Not by using Google maps because they can easily be outdated pictures) There should be some.

Then look in the county assessors website to find the owners. it should give their name and mailing address. Send them a letter (not yellow letter because they are getting dozens of them) telling them you found their house to be apparently vacant. But if it is obviously abandoned, say so in the letter. Tell them you will pay them cash for a quick close. Write it up as a personal letter.

When you do all that, then contact a local RE Agent to give you a list of all the houses in that neighborhood that have sold in the last 5 years with all cash. That typically is investors. Then again go to the assessors website and find their name and mailing address. Also do a name search on the assessors website to see how many other properties they own. If they own several they are obviously investors.

Once you get a response from the seller of the vacant house, negotiate a deal to buy it for all cash and get it under contract. Then immediately contact all the cash buyers you just found that buy properties in that neighborhood and tell them about the house and would they be interested in buying it. If you negotiate a good enough deal that pays you then complete the transaction with the investor to buy the house you have under contract.

Once you have done all that with that neighborhood, go to the next one and 'rinse and repeat.'

I hope this helps.

Steve Anderson

If you are looking in the Orlando area maybe I can help you.

Then it is the responsibility of the seller to take care of it. Don't get involved.

I am working with a PM here in Orlando that is charging 7%.

Thanks all. I will take your advice when I buy a property. I am looking for a Property Management company in the Orlando area that is open to my unique ways to find and manage tenants. Does anybody have any suggestions?

The simple answer is to confront them with your concerns.

Hi everybody I'm new to BP and have been very active as a fulltime residential investor for 17 years now, starting in St Louis Missouri and now in Orlando FL. I am ready to start investing in MF for passive income. What has been your methods to getting the units fully rented?