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All Forum Posts by: Account Closed

Account Closed has started 6 posts and replied 1168 times.

Post: Central Florida Meet up?

Account ClosedPosted
  • Investor
  • Orlando, FL
  • Posts 1,351
  • Votes 780

Thanks but I think the purpose of this group meeting is to meet other BP members. 

Post: Starting Property Management As Agent

Account ClosedPosted
  • Investor
  • Orlando, FL
  • Posts 1,351
  • Votes 780

I believe you have to have a different license to become a Property Manager.

Post: noi*10 = purchase price ?

Account ClosedPosted
  • Investor
  • Orlando, FL
  • Posts 1,351
  • Votes 780

The only thing I use cap rate for is to compare a prospective property with what has sold to see if it is a reasonable purchase price.

Post: Central Florida Meet up?

Account ClosedPosted
  • Investor
  • Orlando, FL
  • Posts 1,351
  • Votes 780

OK it's the Sept. 28th Wednesday. As Michael Short suggested let's start at 6:30. I will have to find a place that can accommodate us all. So far it looks like at least 15 people. I'll keep you all posted of where I find a place we can all meet. It will probably be best if we meet in a restaurant so we can get something to eat at that time. There are several restaurants that offer group enclosed seating. I'll look around. I'll try to find a place in western Orange county. 

Post: Working with a wholesaler

Account ClosedPosted
  • Investor
  • Orlando, FL
  • Posts 1,351
  • Votes 780

I am a wholesaler in Orlando FL and I work with lots of out of town investors for my central FL properties. If interested let me know. I have been doing this for 17 years now and offer a complete turnkey operation in all my properties if needed. I also have 25 MF properties in Chicago IL with owner financing and turnkey operations as well. 

Post: You have 1M dollars to invest in multis. Where do you buy?

Account ClosedPosted
  • Investor
  • Orlando, FL
  • Posts 1,351
  • Votes 780

Hi Rohan, with $1mill you can buy multiple MF properties in Chicago IL with a full turnkey operation. They are offering seller financing as well so that is why you can buy several of them. They range from 6 units to 39 units. They can handle everything for you especially if you don't live in that area. If interested let me know.

Post: New member from Florida

Account ClosedPosted
  • Investor
  • Orlando, FL
  • Posts 1,351
  • Votes 780

Hello Hughlanda. Have you bought any properties yet? I am also in Orlando

Post: Should you include price with LOI's (Letter of Intent)?

Account ClosedPosted
  • Investor
  • Orlando, FL
  • Posts 1,351
  • Votes 780

Yes you should mention a purchase price. That is the purpose of a LOI. It spells out the financial terms of your offer without sending them a multipage contract.

Post: Newbie Orlando, Florida

Account ClosedPosted
  • Investor
  • Orlando, FL
  • Posts 1,351
  • Votes 780

Welcome to BP Jonathan. Where exactly are you looking. I may be able to help you as I have quite few properties. 

Post: New member in Florida

Account ClosedPosted
  • Investor
  • Orlando, FL
  • Posts 1,351
  • Votes 780

Where are you looking to invest in?