All Forum Posts by: Geo K.

If you know of someone looking in the Florida coast either to own or to have as a rental, this remodeled property in the New Port Richey area is your best bet. This is a 4/2/2 SFR in New Port Richey near Tampa.

http://www.zillow.com/homedetails/8510-Gum-Tree-Av...

Call (704) 576-2439 for more information. 

All Orlando Investors looking for a short term loan

I am a real estate investor in the Orlando Market. I have a project at hand that will take me more time than I anticipated and I have some funds that I can lend to other Orlando Based RE Investors.

Some of the Terms:

• Max of 80% of Purchase Price
• First Mortgage Only
• Max of 65% of LTV
• Interest Payment Only Monthly
• Interest Rates and origination depends on the deal and amount
• 3rd Party BPO or appraisal paid by you
• Due Diligence paid by you
• Only on properties 25-40 miles from 32701 zipcode

If you are interested, please let me know contact information.

@Russell Salinas

Welcome to RE Investing. I believe all three, you, seller and buyer want some sort of security. Buyer and Seller seem to be nervous on your ability to close. I agree with Brent on the negotiation skills aspect as well. 

I believe REI are trying to solve a problem to your buyer (he needs investment property) and to your seller (he needs to sell), so what I will do is talk to your buyer and tell him:

"I have a great deal that will leave you with great profit based on this numbers... However the seller wants to deal directly with the buyer. This is our first deal together, but like this there could be more. Would you be ok putting X amount in an escrow and I will put you in contact with the buyer." 

If the deal closes the X amount of money is yours. 

Another thought, will be to ask your seller to give you an option to buy the property. I am not sure the seller will agree to this since he wants to deal with the buyer directly. 

Either way, finding the deal and securing the deal is the most important aspect when you are working with low capital. 

Disclaimer: I am not providing legal advice, just my thoughts and opinions based on my experience in Florida. If you want to be sure I would suggest that you look your specific laws for these techniques in Texas. 

The house in the middle is closing next friday (12/12/14). We have a private lender providing a 1st mortgage for $80K at 8%, and we are looking for a 2nd lender to come in for a 2nd mortgage for $30K at 12%. 

The house is worth conservatively 160K. 

If you are interested and you wish to see the Comps or other related items. Please post here or send me a message. 

We are closing on a rental in New Port Richey, FL. We are looking for a good property manager that can help us manage the property only for a short period of time. Any recommendations will be appreciated. 

King Construction USA did our last roof in September and they were professional and worked the project very fast. Our last redevelopment was 1,500 sf and they did the roof in 3 days. 

Great story and great buy! Congrats on your first Multi-family!

Renovated House in the Lake Brantley School district. See listing: http://www.realtor.com/realestateandhomes-detail/3...

Asking for 65% of ARV - Loan to Value 65%. Preferable a 7 years or longer with 20 year amortization.The interest rate is negotiable.  Please contact me for more information or if you are interested. 

This fully RENOVATED home [video below] is 3 bedrooms and 2 bathrooms in a mature neighborhood with no HOA expense. The house been in the market for 5 days (as of 10/19/14) and will require no big capital expenses for years. It has a brand new architectural shingle roof, a brand new internal and external electrical panel, new HVAC system with highly efficient ductwork.

This house is being market for retail buyers, but this will be perfect for a landlord since it will not require big item maintenance. All the appliances are brand new with warranty together with HVAC system and really everything else. 

This house can be rented between 1200 to 1300 monthly. 

The house is listed for $194,900, however for seasoned landlords and cash offers we will entertain other offers. 

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More information: www.readytocapital.com/625

TEXT 625 Ellsworth to 313131

or Call 407-545-5490

VK,

I have done business with Brennan Realty Group, they are good in what they do, they keep an eye on your investments and they are on top of things, plus they are reasonably priced.

http://www.brennanrealtygroup.net/

Good luck on getting your portfolio together.

Geo