central florida investor: Central Florida Realty Investors celebrates 20 year anniversary - 03/04/08 11:12 AM
Central Florida Realty Investors a/k/a CFRI is celebrating their 20th anniversary at this month's general meeting. They are the oldest and largest investment association in Florida and boast some 1500+ members in some 7 Central Florida counties. 
I have been a member since 1999 and have to say that much of … (0 comments)

central florida investor: Flip this house - Post #11 - 02/18/08 05:49 PM
Now we are into the challenging part of this transaction, finding a retail buyer that can qualify and afford this house.  I have had another dozen or so calls on this house since last week and yet another buyer who has told me they love the house and they want to buy it.  The … (3 comments)

central florida investor: Flip this house – Post #10 - 02/09/08 06:36 PM
There are lots of new and exciting changes to the house this week.  Most of the punch out list is done, the kitchen is done, and the house is officially on the market as of this Monday just passed.
So far this is the marketing plan:
We have an ad running in the … (1 comments)

central florida investor: Flip this house – Post # 9 - 02/02/08 10:27 AM
Just in time for the Super Bowl, we are down to the one-yard line with this house.  The house officially goes on the market on Monday.  We have been doing some preliminary advertising via signs in the yard and a newspaper ad in the Orlando Sentinel and gotten a few calls.  … (4 comments)

central florida investor: Flip this house – Post # 7 - 01/19/08 10:36 AM
Hopefully one more week and we will be ready to start running ads and get this house listed.  The goal is to have it completely rehabbed by the end of January.
The exterior of the building is completed except for some final touch up painting.  Notice the shutters on the window to … (5 comments)

central florida investor: Flip this house – Post # 6 - 01/13/08 10:46 AM
The rehab is getting close to being finished.  Hopefully within 2 weeks it will be move-in ready.  Our workers have been at it nearly every day including weekends. 
The stucco across the front is done and the exterior painting has been pretty much completed.
      
The interior floor has ceramic … (3 comments)

central florida investor: Flip this house – Post #5 - 01/06/08 05:13 PM
We have made some progress since the demolition and trash out. I am posting a few photos below to show where we are with things as of Friday. I do want to share how we handled some of the other details of the transaction during this transition period while the house … (5 comments)

central florida investor: Flip this house – Post # 4 - 12/29/07 03:39 PM
We are well into the rehab now and actually a little ahead of schedule.  Our crew has been working nearly every day except for Christmas, so we have gotten a lot done.  We had our regular plumber come out and make sure the house was free from leaks (bank REO houses … (3 comments)

central florida investor: Flip this house - Post #3 - 12/22/07 05:21 PM
A few people have emailed me wanting more information about the numbers on this deal.  I was meaning to post them yesterday, but the post ran a little long. 
I did a quick MLS search for the actives and solds in the last 4 months within 1 mile of this property.  Here … (2 comments)

central florida investor: Flip this house - Post # 2 - 12/21/07 11:23 AM
Well we closed on the house yesterday.  The house is a 3 bed / 2 bath / 2-car garage block house in the Northwesterly Pine Hills area. (For those not in Orlando, Pine Hills is an infamous area of town often tagged as "Crime Hills" but the area covers nearly 20 square miles - … (4 comments)

central florida investor: Flip this house - Or the art of being a rehabber - Post #1 - 12/18/07 08:25 PM
Hopefully in the next few days I will be purchasing a Central Florida house that I intend to buy, fix up, and then put back on the market and re-sell to an owner-occupant buyer.  I haven't done much of this in the last 18 months because of poor market conditions, but now … (11 comments)

 
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Rob Arnold, metro Orlando full service, investor friendly & foreclosure Realtor

Altamonte Springs, FL

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Sand Dollar Realty Group, Inc.

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My thoughts on the real estate industry, real estate investing, rental properties, mortgages, listing houses in the MLS, government and legislative issues affecting real estate brokers and investors. Serving metro Orlando & most of Florida.














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