All Forum Posts by: Carol Donaldson

Hey all!   I'm looking for a good map maker tool that I can use to create maps to place bandit signs.   Anyone know of one?

-Carol

All,  I have a cash buyer who is a rehabber that is looking for 3 properties in the 33543 zip code which is Wesley Chapel, Florida area.   He is a cash buyer and does not need financing up to the purchase price listed below.

Specifics:

• Block home (no mobile or frame houses)
• 1,000 to 2500 sq feet
• Small or large rehab no issue
• ARV - 70 to 80% after rehab
• Purchase price up to $120,000
• Currently is looking for 3 properties.

We can co-wholesale on any deals you may have.   Please contact me at 813-586-0072.  

-Carol

Perfect home for retail buyer or landlord - 2350 sq foot manufactured home, built in 1998 and fully renovated, has 5 (yes FIVE!) bedrooms, 2 baths and sits on a 1/2 acre lot (no park or park fees). This would be a great family home especially for a person or tenant who wants land to park landscaping equipment, an RV, etc. Very quite setting with great neighbors. New roof and AC are fully transferable. New kitchen and master bath. New flooring and paint throughout. Pictures speak for themselves.

Hi,    Could someone help me with how to deterimine a calculation for an investment property?   I'm looking for the formula for a 30% down, 10% interest only for 3 years, on a 5 year note.  

Any help would be appreciated.

-Carol

Hello All,

Very interesting conversation on this topic.  In working with many investors/wholesalers, I have never seen such a large non-refundable deposit on a property being wholesaled -   $1-2K is understandable with no inspection contingency.   My assumption is that the asking price already contains a $5-10K "finders fee".   Maybe that wasn't the case here.

The contract was not an assignment that was presented but a traditional contract, most likely they were doing a double close.  At that point I would have had to pay the entire closing costs on the purchase and resell the rehab.   Ouch.   

I did speak directly to several long term investors and they thought it was extreme too.  But each of us have our own opinions from experience.   I don't think any are really wrong, it's just how we want to do business.      I'm glad to hear that people have had a good experience with NetWorth.  

All,

I was looking at a potential property posted by Networth Realty in Tampa.   I was just curious if anyone has worked with them?  I found a few things, and my attorney did too, that seemed risky about the deal, and I was wondering if this is the norm

The deal seemed awesome with a fix and flip potential of over $60K net to be made.   However when I ran the contract past my attorney, he was concerned about the high $ for a non-refundable earnest and no allowable contingency for inspection.  Plus there was a $500 fee that had to be paid to them for their fee and I was to cover all closing costs (their's and mine).

Do you know if this is the norm for this company?  Is it still good to consider them?  It seems like a lot of risk and I was wondering what other's experience has been.

-Carol   

Does any one have any recommendations for Mobile Home insurers in the State of Florida?  Specifically I am looking for insurance on a mobile home on it's own land - one that is not in a park.

-Carol

Thank you for the responses!

Hi,

What forms are needed if someone is interested in funding a deal and in return is looking for interest plus principal back within a set number of months?   I have a friend that is interested and I'm not clear on what type of forms should be used.

-Carol