All Forum Posts by: Fabiano Santos

Hi guys,

I'm definitely interested as well, but as mentioned by somebody else already, I can only participate after 7ish pm and weekends.

This sounds great already.

Thank you,

Fabiano & Liza.

Hi @Kevin Siedlecki,

Wow, great article. Thank you for the info.

When I post this, it was more related to the ins and outs and how this could affect myself (as a owner of my own property).

Also, I would like to have an overview of a deal and what does it entails (your article nailed it very precisely).

Also, thank you (@Wayne Brooks) for letting me about the real behavior/nature of an auction.

Thank you everybody.

Hi @Nazz Wang,

You are absolutely right. Ive been living here for 8 years, and we had some disagreements with the association management about increases on the HOA with "weird" explanations/justifications.

Plus, every time students moves out of one of many properties, Ive witnessed properties in needs of major TLC and/or an absolute overhaul. I can't talk about rental collecting drama.

I will let you guys know about the outcome (final price). Only 16 hours left on the auction, not 60hours as I previous thought. I hope it picks up some value before it ends, I really don't want to see my house depreciates in value (again).

Thank you guys :)

Hi @Laurie Johnson,

It is a bank owned. And it is being auctioned on-line by a private company. The public records shows it just went thru foreclosure. As you can see I really don't know too much about it. I wouldn't mind having my tenant living nearby (i think, never done before). The condominium doesn't have too many rules here other than most common sense for a good environment among neighbors.

I do have mixed feelings on this situation (too many feelings and no money lol).

But I just see the rental price going higher and higher because the condo is located right in front a big university that is also growing exponentially.

But thank you for bringing some factors that I should be taking in consideration as well.

Hi guys,

I live in a condo (townhouse) and I just called the number on the sign attached on one of my neighbors that just left (i didn't really knew them). For my surprise the agent that answer my call told me the property was for sale and open for bids (i don't really know how it works). He also mentioned that I had 60 hours left to put a bid and the actual highest bid was $79K. It is less than half what I paid for my townhouse (8 years ago right before the crash).

It is in a great location and the rental is going for approx. $1k. (+ HOA $120)

Is this a good opportunity? And if not how this could affect the price of my property (just recently going up and up).

Any comment is more than welcome.

Thank you.

Hi @Jessica Swingle and @Mark Nolan,

Im actually doing and following your advise.

Because I don't have too much time to read, Im going to the Podcast route. I'll fulfill the gaps with reading after. I drove to a nearby city yesterday with my wife and we could listen to quiet a few podcasts on the road, and it was a real blessing.

Im looking into deals on the market just to see what sells first, how much it sells for, etc but Im definitely a "newbie-to-be" still :)

What concerns me is I see (at least here in Miami) too many ads selling "deals" for investors, flippers, newbies and they even are phased and written to its target. This makes me think that I need to be more than prepared to avoid "great-deals" and such from scam artists uhmm?!

Only knowledge can make the difference!!!

But once again, thank you guys for the kind words.

 Thank you Michael. I wish you all the best as well.

Hi guys,

We are new to this site and not even new yet to the REI (we haven't started yet), but we are very interested in learning.

Im particularly very motivated to learn (listening to one podcast from BiggerPockets on my commute to work everyday). We are even considering taking a real estate class or something similar to speed up our learning curve.

Im actually flirting with the idea of a new career with more potential for our future, something that we could carry on/for our retirement.

I've been always fascinated about real estate, but my only experience so far, was buying the house that we are actually living (for the last 8 years with 1bed 1 bath) that is still upside down (and yes, we are still traumatized, lol lol lol).

Many plans for our future (including kids) but not really knowing how to start with our 9-5's, but learning before anything else sounds like a good start (at least for me).

Great site guys and thank you once again for all this compiled information for my thirst mind : )