Questions about net worth reality

[Michael Schueler]

Hello, I'm new to buying investment properties in the Tampa, Pinellas, Pasco area, I've worked for investors for the last few years rehabbing their properties, but they've been the ones who purchased them, while my company has done all the work on them. Now it's my turn to try to find the deals, while doing so, I found a company called "Net worth Realty", they offer supposed under market value properties and then will offer you Hardmoney at 13% per month and then a 4% when the deal is closed, I believe that's correct, don't quote me on that. I'm just wondering if anyone has some horror stories or has a little insight on the company itself to let me know if it's a good idea to actually work with the company. To me the rehab aspect is the easiest part, and the hard part being finding a great deal. Any insight will help, I'm looking for a wholesaler or someone with off market properties, and money to help pay for the flips. I know this world is filled with a lot of scams and I just want to make sure that this isn't one of them. Thank you

[Michael Valerio]

Because Florida is a disclosure state, zillow is actually a reasonable resource to use when looking at sold comps. It syndicates basic information from MLS. You can get a general, again I stress "general" idea by looking at the sold comps on zillow. In Texas, zillow was rendered useless for comps because it is a non-disclosure state.... Here in Florida, however, the actually sales price is typically correct on zillow.