All Forum Posts by: Mark J.

@Brandon M. -- PM sent.

@Dave Bingham Absolutely-- I think your observation is spot-on. I've seen properties go ABOVE market (higher than a comp easily found on Zillow!) and then others for bargain prices.

There was a great opportunity last week that I followed closely (and went out to visit the property). I actually took the initiative (perhaps overly aggressive?) of contacting the winning bidder (although the auction is anonymous, a simple cross-reference search + a parcel search + Google search easily reveals buyer contact info) to see if he'd be interested in selling the property. He was not interested (and I think a little freaked-out that I called him).

-- And yes, @Jesse O. a meet-up would be great. I'll bring a list of specific questions. I attended the live webinar (which is very good) the County offers, but I wanted a real-world perspective.

@Patrick L. -- I've just discovered the Fannie Mae REO site and REVAMP, which I learned about here at BP. Do you have a favorite REO site?

THANKS ALL!

Hi Everybody--

I've been watching and researching the foreclosure auctions in Hillsborough County (Tampa, FL area) for the last several months and think I'm ready to move to the next stage-- POSSIBLY bidding! ;) And, believe it or not, that's a big step up from the "Holy Crap No Way That's Crazy I'm Going to Lose All My Money and My Kids Won't Go to College and I'll Be a Failure" stage I was at previously.

I'd like to connect with others in the Tampa area who have experience purchasing homes through the Hillsborough foreclosure auction. Free coffee is involved.

Thank you!

Mark...

Here's the link. (DOH)...

What unfortunate timing...! ;)

https://www.google.com/maps/@27.880951,-82.5193208,3a,75y,8.1h,90t/data=!3m4!1e1!3m2!1sNAgQTH2O_FPne0WkwPud4w!2e0

I'm looking at a property with an in-ground pool. The pool is well-maintained and the property is well-priced. The numbers, even minus $100 for monthly pool service, are still good.

I'm concerned though, especially if the renters have children, about any potential liability issues. Does anyone have experience renting a property with a pool?

Many thanks in advance!

Mark...

@Dave Bingham I'm looking for multi-family, but potentially a SFR. Since cash flow is the goal-- I'm focusing on multi-family, but if I find a good SFR (fixer-upper is fine) that I can rent/hold, then I'm ready to move quickly. Focus areas are 33511/33510/areas of 33619 and Ybor.

Still watching the auctions on a daily basis, but I stay far away from the Bid button for now... ;)

Hi Robert-- I just moved to the Tampa area myself and recently joined BP. I'm a newbie to real estate investing too, but am always willing to share my experiences and knowledge!

Let's talk!

Mark...

Hi-- I'm researching a foreclosure auction property. I'm still very much in the learning phase and have only bid on one property (didn't win it.)

If I won this auction, and say the price was $50K, would I also be responsible for the Junior Lien of $13k?

Many thank you's from the bottom of my newbie heart!

Mark...

@Doug- Thanks for letting me know about REIA. Looks very interesting!