All Forum Posts by: Bengallo Morrison

I'm looking to purchase an investment property in Jamaica, Can anyone recommend a good financing option? Are there any hard money lenders, dscr lenders or private investors in this area?

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Fort Lauderdale, Florida

Thanks for the tip, the auction company assured that all their properties are sure that all properties are sold free and clear of all liens. Awaiting on the title company to close now. I will definitely look into the title insurance piece.

Originally posted by @Wayne Brooks:

@Bengallo Morrison Make sure you understand Exactly what you are buying.....make sure to get title insurance. You could be buying a property without clear title otherwise, as depending upon the state and exactly what has occurred prior to, and after, the “auction” you can easily have title or redemption issues.

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A few weeks ago, I won a bid for a property at a public auction. The property is owner occupied and just needs cosmetic repairs.It appears the owner defaulted on his taxes and the property was bought by a tax lien company and then sold at auction. The current rental value of the in this neighborhood is $1200. From speaking briefly to the owner he can only afford $400 as he is on a fixed income.

As much as I would like the work with this person as a tenant, $400 would not be enough to break even. Currently, Trying to decide next step after I close.

Has any one ever dealt with a similar situation? Any advice?

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All Forum Posts by: Bengallo Morrison

Bengallo Morrison has started 2 posts and replied 4 times.

Post: Financing a property in Jamaica

Post: Bought A Property With Owner

Post: Bought A Property With Owner

Post: Bought A Property With Owner