All Forum Posts by: Elio L.
Elio L. has started 20 posts and replied 194 times.
Post: Assessing Office Space Market Demand

- Miami, FL
- Posts 200
- Votes 42
You can find answers to those questions and more with a Costar account. It slashes our due diligence time when looking at commercial opportunities.
Post: How to Double-Close when Co-Wholesaling: Also a Broker Involved?

- Miami, FL
- Posts 200
- Votes 42
If you need to keep your fee private, don't mind the additional risk, and the amount you are making justifies the additional closing costs, buy it from the wholesaler who has the contract and then close with your buyer. It ends up being a triple closing!
I've had wholesalers do this with a couple of our wholesale deals. When the dust cleared and I checked the property appraisers site, they've often made a substantial amount more than we did.
It doesn't matter. Just make sure to get the agent his/her commission as per the listing agreement.
Post: appraisal 5k under contract price - advice?

- Miami, FL
- Posts 200
- Votes 42
My first option would be to try for a price reduction for $5k (or a lesser amount). Are you paying for closing costs, if so, maybe you can get them to cover that?
Post: ADVICE NEEDED! All-in Wholesale vs. Job + PT Wholesale

- Miami, FL
- Posts 200
- Votes 42
I'm sure they're out there, but I have yet to meet a successful part time wholesaler.
Post: What Next? After you have driven around and found empty houses?

- Miami, FL
- Posts 200
- Votes 42
Sort for equity and make sure that they aren't underwater. Then mail the owners at the address listed on the county tax assessors site. Skip trace the returned mail.
Post: HML - How to Come Up w/ Out of Pocket Costs

- Miami, FL
- Posts 200
- Votes 42
I'd get on the phone and ask friends, family, and people in your network. Don't count anyone out. You may end up finding enough money to finance the entire flip.
Post: Please help! May have found my first wholesale deal

- Miami, FL
- Posts 200
- Votes 42
You need to contact a probate attorney to facilitate the transfer of the deed. Ours charges us court costs up front (about $500) and gets paid an additional $1,000 to $2,000 once the property is sold.
Post: IN NEED OF WHOLESALE DEALS MIAMI-DADE & BROWARD COUNTIES

- Miami, FL
- Posts 200
- Votes 42
We've got South FL wholesale deals. Call or shoot me an email if you'd like to talk.
Post: Vacant property owner's contact information search

- Miami, FL
- Posts 200
- Votes 42
Sounds like it's bank owned, I wouldn't waste my time trying to find contact them.