All Forum Posts by: Adrian Lemus

It alls depends what you define light to heavy. There’s really no such thing as Light as it usually always converts to heavy. 

Hi everyone, I normally do New Constructions but I have a Fixer upper that landed on my lap, being the first time using the Fix and Flip Report I would like any suggestions you have over this. 

When you do the Fix and Flip Report, I inputted all my numbers and at the top it say “Maximum Allowable Offer” what does that pertain to? 

Good morning, 

I agree with Juan, not all contractors speak the same language. I'm also available if you need me.  

From my Experience, you will more than likely get caught. They usually wait until you are almost finished to slap on a red tag on the house. This has happened to a couple of my investors that decides to do things without permits and right when they are finishing up they get red tagged. 

Also, you have to see if the City you are selling in does their own inspections before the close of a sale. Closing up a garage without a permit is a risk because the FFE but with a permit you can enclose it as long as the surveys allows it. 

Go straight to the DBPR

Quote from @Chris Seveney:

Quote from @Adrian Lemus:

Investment Info:

Single-family residence hard money loan investment.

Purchase price: $30,000
Cash invested: $75,000
Sale price: $455,000

From a Vacant lot to a Brand New Single Family residence.

What made you interested in investing in this type of deal?

The market

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

Hard Money Loan

How did you add value to the deal?

Built a SFR

What was the outcome?

Selling

you built a SFR for $75,000?

I put in $75,000 and the hard money loan put in the rest. The build was $311,000

Investment Info:

Single-family residence hard money loan investment.

Purchase price: $30,000
Cash invested: $75,000
Sale price: $455,000

From a Vacant lot to a Brand New Single Family residence.

What made you interested in investing in this type of deal?

The market

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

Hard Money Loan

How did you add value to the deal?

Built a SFR

What was the outcome?

Selling

Quote from @Laura Au:

Hello All! How is market looking now in March 2025? I would like to know the good, bad and ugly? Thanks!

 If you are not using a lender then it will be a good investment on New constructions. Only thing is that houses stay longer in the market then usual but eventually does sell

Quote from @Kishore Siva:

Hello- also in a longterm build in Cape Coral for new construction. Current status is that the Dept of Health has not yet issued the Septic Permit yet. This has been ongoing since August. I am visiting CC later this month, and will call again this week. 

Is there any benefit to visiting DoH offices in person? When calling or visiting, are there any suggestions to get them to expedite this?  I know the average turnaround for Septic Permit has been 10-12 weeks, but we are now at 20 weeks, which seems excessive.

If anyone has experience with this, would welcome any suggestions.  Thank you. 

I’m a contractor building in Cape Coral and it usually takes 4-6 weeks to get that permit. There must be a reason that it is taking so long, but as long as everything got submitted correctly and paid it shouldn’t take that long. Permits usually takes an average of 4 weeks to get. 

Quote from @Jonathan Kurtz:

Quote from @Adrian Lemus:

Quote from @Jonathan Kurtz:

It's not likely that with the number of lawsuits already out against Blacktip, there is going to be anything worth fighting for. It's throwing good money after bad. I got out of my contract. If you need the lawyer's name let me know.

So now I'm sitting on owning an empty lot and still making loan payments. There is no way I can build this and come out overall profitable. Costs are too high and I'm into this for over 100K.

I have feelers out for someone who might accept my lot as participation for an equity agreement in a new build. If you know anyone, let me know!

 Or you can build, and keep it for rental until you make your money back on what you have spent up to date and then sale for profit. 

 I got a quote to build - I need another $80K cash at least.  I'm not going to do that and hope for the best.

 If you like I can send you a proposal for finishing up your build to see where I’m at to see if it still makes sense