All Forum Posts by: Erin Legler

Orlando is a great place to invest.  It really depends on what your budget is and what your motivation is for your investment, cash flow vs. appreciation.  Please feel free to reach out to me for any questions you have.  I'm am active agent as well as investor in the Orlando area.

Don't do it!  It might seem good on paper, but there are much better ways to get $200 cash flow a month.

@Wayne Brooks Like I said I am not familiar with tax deed sales.  I am familiar with foreclosure sales.  I'm not exactly sure what you are trying to say about the cap?  I'm not saying that your not responsible for all of the HOAs due, I'm just saying that I have been able to negotiate a lower price,

Hello all!

So I am not familiar with the tax deed sales. I have bid, but it was never worth it to me. I assume they are similar to the foreclosure auctions when it comes to past due HOAs. I could be wrong, but this is what I know. YES!, you are absolutely responsible for the past due HOAs. That is why it's very important to do your due diligence. Most HOAs will put a lien on the property in official records. I know there is case law where you are only liable for a max amount if you hire an attorney for the case, I can't remember what my attorney told me but I can find out if anyone would like to know. Your also able to negotiate with most HOAs. The latest property that I picked up had $8500 worth of back HOAs (not recorded btw), I was able to negotiate down to $2800. But I have also been burned where I picked up an HOA lien property and they were able to bill me for back HOA dues when I didn't even own the property.

@Robert Green Are you looking for hard money lenders or seller financing?  Check out @Andrew Davis, he's been killing it when it comes to creative financing.

@Nick Johnson I just moved down here from Worcester (Wista) not too long ago.  Feel free to reach out to me for any advice.

@Andrew Davis Congrats for making the newsletter!!!!! You have definitely jumped into this world of investing and have been killing it!

@Andrew Davis Absolutely agree!

@Andrew Davis Thank you for the kind words!  You and your wife were so lovely to work with.  So nice to work with an investor that understands the potential with properties and isn't afraid to jump a fence or two.  

@Sam Alpha Yes Sam, Andrew had contacted me through Biggerpockets.  Once contacted we hit the ground running.  We looked at a lot of properties.  I laugh because one property we looked at wreaked of cat spray and feces.  Andrew and I looked at each other and said "this place smells like money"!

@Andrew Davis  I think I was itching all day from those fleas lol!  Thank you for being an amazing client to work with!!!!  You weren't hesitate to pull the trigger and that's what you need to get the deal done.  I'm so happy the deal came thru and you do an awesome job with the rehab.  I was on pins and needles all day Friday with the wire.  

Excited that you joined the Keller Williams team!  Looking forward to working with you and doing deals together in the future.  Now lets get a buyer for that property!