All Forum Posts by: Didi Siani

@Katie Neason 

I'm a flipper in South Florida doing 70 flips a year.

I need an insurance too.

Please PM me :)

@Lynn Maher 

I would suggest to disregard starting bid amount.
It's not relevant.

You should calculate what is the highest and best you willing to pay for this property.
Depends on with county the auction located, another factor to take into consideration if the bid is PROXY or highest & best. 

In palm beach county the bid is proxy. which means if I bid $1,000,000 and bidder #2 bid $200,000 - I'll win the property at $200,100.

I'll dig deeper and try to realize what the JUDGMENT amount - which means the minimum amount the bank willing to let the property go for.
You may find that by searching property name or owner name at the public records

Another factor to take into consideration is your competition. how much the property worth, area, rent restriction, HOA fee, cash flow producing percentage. For my opinion - This is affordable property - $50K which most of investors can pay. I woudn't lowball.

Sounds you like the property - therefor you'r not walking away. 

I would suggest since the tile job been done recently - Explain the seller the tile job was done incorrectly. 
You may scare the seller and tell him / her you're willing to step away from the deal since the floor not even but you may offer the following simple solution:
Ask from the seller that the same contractor will come back & correct the tile job he preform. 
As a good will offer to pay 50% of the cost to correct it.

Create an addendum that job will be complete 3 days before closing and you have the right to inspect it.

Best of luck! Let me know how it's turned out

In the "jungle of construction" The painter considered to be one of the top sociable creature. 
He  / she can co-exist and share habitat with kitchen company, granite guy, electrician etc...

I paint after demo / cutting walls / then do touch-up as needed in puchlist.

Hello Alexander.

If buying income producing properties I prefer one with a tenant. 
No vacancy $$ ,  no commission.

I prefer to talk to tenant about the property before purchase - I want to hear all the "trash" the owner will try to swift out from under the carpet. 

If you buy the property in a conventional transaction I'm sure you as the new owner need to keep the existing lease.
If you buy property at the auction - like I do,  Obama created this law that if a property with tenant with valid lease got foreclosed, new owner need to allow tenant to stay for up to 90 days. 
This in a conditions of:

-New lease to be sign
-Comparable rent market value (no lowball rent)
More info google Protecting Tenants at

"Protecting Tenants at Foreclosure Act of 2009"

Hope it's helps