All Forum Posts by: John Kent

@Mark Hinton welcome to the Bigger Pockets community. If you aren't already aware out little city has 2 large REIA meeting groups. GoREIA and CFRI. Not sure if you will find a mentor there, however, there are lots of experienced investors to network with, as well as, educational classes and events.

@Roy N. thank you for the explanation. Much appreciated. 

@Roy N. can you share with us what CCPC stands for? Thanks.

@Elaine Jordan welcome to the world of REI,

I am in the same market and can echo your sentiments with respect to wholesale deals offered. Overpriced, repairs underestimated, estimated ARV based off of comps that aren't comparable.

Some in our area have had success with REO auctions although I am not aware of any courses available, however, each auction platform has its' own process which they make known and the rest of the process is fairly straight forward auction protocol. An agent who is familiar with the real estate auction process can walk you through. I personally wouldn't recommend short sale auctions or sight unseen auctions.

With regular listed REO there is a strategy involved with selecting the property, making a strong offer, recognizing marketing patterns. Deals can be found but this isn't a low hanging fruit market.

To target short sales I suggest a course on marketing to pre-foreclosures as you want sellers who have yet to start the process.  You will also need a real estate agent who is well versed in short sale transactions, for investors. Emphasis on for investors. There are a lot of agents who market themselves as short sale experts and they are familiar with the standard short sale process where the property is listed and an owner occupant end buyer is the buyer. The negotiation usually gets shipped off to some third party attorney or mortgage broker. For investors the process is a bit different and you need more input/incite into the negotiation process. 

Also, look into FSBO's. No idea what kind of deal you are looking for but FSBO's can be a good source for rentals. See the number call them. Check FSBO listings on Craigslist.

My last suggestion would be to look at your price range. The low low dollar price range can be significantly more challenging. 

Hi @Carlos Guzman welcome to Bigger Pockets. Mobile Homes and Mobile Home Parks are an interesting niche. All the best to you.

@Zerimar Perez Nate is absolutely incorrect. The Realtor's contracts are all protected under copyright with all rights reserved. Legal use of the contract requires proper licensing. There are a few companies that license these forms I do not know if they license to the general public. 

Outside of the small risk of the copyright being enforced the above mentioned contract should work for any standard residential transaction in Florida. Any real estate attorney can draft a purchase and sale agreement. It is easiest to provide a non-binding letter of intent signed by both parties with the general terms of the deal written out. Or you can find a general Purchase and Sale agreement for sale at an office supply chain such as Staples. 

If you just need the standard contract drawn and contract to close coordination I offer such a service for a small fee. 

@Eddie T. PM me your e-mail I would be happy to put you on my rehab buyers list.

@Cutler Gultry welcome back to the biz and welcome to Bigger Pockets. I am a local feel free to connect with me maybe we can do some business together in the future.

@Adam Schumacher Orlando and the immediate suburbs to the, West, North and South have very strong rental markets.  The rehab to flip market is even better on the sell side. 

@Lily Ardila I am an investor friendly agent who covers Orange and Seminole counties. I will PM you my contact information.