All Forum Posts by: Anthony Yannucci
Anthony Yannucci has started 9 posts and replied 103 times.
Post: Does it make sense for a good deal to be on market 142 days?
- Real Estate Agent
- Port Saint Lucie, FL
- Posts 105
- Votes 25
I am sort of new as well, but my 2 cents would be to not pass it up but very skeptical. Sometimes, someone tries to acquire the property and holds it up for months and for one reason or another the deal goes through and it is back on the market. Or the person looking to purchase it did not want to do certain rehabbing that you feel you could do. Again, I would do your due diligence, but you never know...it could be a diamond in the rough. Doesn't hurt to research it, right?
Post: Latest flip produced just over $40k
- Real Estate Agent
- Port Saint Lucie, FL
- Posts 105
- Votes 25
Well done! Can I ask how you financed the deal? OPM? Bank loan? Hard money lender?
Post: collecting the green
- Real Estate Agent
- Port Saint Lucie, FL
- Posts 105
- Votes 25
Are you set up as a corporation? LLC? If so, you might want to think about setting up a checking account in that particular business name and then have them write the check in the business name. Helps when filing taxes too!
Post: Flipping Homes - My Exciting Journey (Post 1 of ?)
- Real Estate Agent
- Port Saint Lucie, FL
- Posts 105
- Votes 25
Congrats on your first flip! What type of funding did you do? What rehabbing did you do yourself, and which did you contract out?
Post: Direct Mail Campaign for Wholesaling in Phoenix Arizona
- Real Estate Agent
- Port Saint Lucie, FL
- Posts 105
- Votes 25
My motto--why wait? You never know who is interested and when. It is a numbers game anyway. Also, can I ask if you are sending out those 700 mailings yourself or are you going with a service?
Post: WHERE ? Return Address for Direct Mail Campaign...
- Real Estate Agent
- Port Saint Lucie, FL
- Posts 105
- Votes 25
I use vista print and have it put right on the postcard when you make it. Good luck!
Post: Clouded Title
- Real Estate Agent
- Port Saint Lucie, FL
- Posts 105
- Votes 25
Originally posted by @David Dey:
Originally posted by @Anthony Yannucci:
If I have a deed with a clouded title, can I sell that property as clouded provided I note that on a contract to the seller that the title is clouded and they are to do their due diligence prior to buying? Obviously, they would be getting the property at a discounted price.
Yes, as a quit claim deed, you may sell with clouds in the title. The main thing is disclosure, and they have to understand all ramifications.
The name of the game used to be location location location, now it's disclosure disclosure disclosure.
Super...thank you for the info David!
Post: SWFLA - I have short sales, foreclosures, etc
- Real Estate Agent
- Port Saint Lucie, FL
- Posts 105
- Votes 25
Originally posted by @John Thedford:
@Anthony YannucciI too am an agent in the area. I do buy and holds. Prices are higher in Collier County. My most recent purchases have been in the Cape. The downside to the cape are the sky high property taxes. Ft Myers or Lehigh taxes aren't as high. The cape is slowly but surely bringing city water in. The current cost according to my recent chat with the city is around $21,600. Go figure. I have a waterfront property on Marco Island, with about 40' more road frontage, and the bill was about 13K. Cape Coral is building a HUGE city government as well and everyone will pay for that too! I am still buying there, but starting to re-evaluate my strategy and may start doing 1031 out of them next year. The biggest problem with selling them is replacing them with other income properties.
Thanks for the info! I am looking for properties in Lee County and will let you know if I could use your services! Thanks John!
Post: Clouded Title
- Real Estate Agent
- Port Saint Lucie, FL
- Posts 105
- Votes 25
If I have a deed with a clouded title, can I sell that property as clouded provided I note that on a contract to the seller that the title is clouded and they are to do their due diligence prior to buying? Obviously, they would be getting the property at a discounted price.
Post: SWFLA - I have short sales, foreclosures, etc
- Real Estate Agent
- Port Saint Lucie, FL
- Posts 105
- Votes 25
Hello Liz...always willing to keep the door of opportunities opened! I am from the East Coast of FL, but bought property in Lehigh Acres and always looking to expand. Hope to keep in touch for some opportunities over there! What is the most desirable neighborhoods, Cape Coral?