All Forum Posts by: Gabriel Amedee

@Alex R. @David Moreno @Jeremy Rosell My company just recently started marketing in Hialeah and have gotten much more success than we were getting more south in the Kendall / Cutler Ridge area. I'm trying to familiarize myself with the area because I've noticed some places where properties sit on the market for months and drive by and cannot identify why in respect to other areas where movement is high. 

By the way! Welcome to BP Jeremy! Tons of knowledge to soak up here and just as many connections to make! Wish you the best on your goals!

Gabe

Welcome @Carlos Zapata ! What do you mean by flips? Unfortunately down here its been hard for us to see big returns on rehabs and among my network I've heard the same. Nevertheless we are still looking for properties if you have the inventory! Feel free to connect with me! Good luck on your goals!

Gabe

@Chris Herbert I'd lean more to that being nice, not fair. According to IRS, your car has fully depreciated after 5 years. Needless to say I will still claim costs to any damages on my vehicle even if it is worth virtually nothing. A contract was signed agreeing upon the damages of the property. It is only fair that the rules of the contract are exercised. 

@Account Closed I would go about replacing the whole carpet and show them the cost of the subsection in which they damaged. Then go about charging them anywhere below the full price of their damages and I'm sure they will appreciate the deduction.

Do you personally know the wholesaler? Have you considered a Joint Venture? I personally feel more than one assignment looks unprofessional and can make the original seller feel a bit used and tossed around when they see multiple entities getting cut on top of their selling price. Just my two cents. Good luck @Charles Richardson !!

side note: found it funny how Charles is answering another Charles's question lol.

Was considering a ghost ad to attract anyone slightly interested before putting them under contract. Has anyone had luck with this?

Greetings everyone! 

I'm having a hard time letting go of properties (both distressed and turnkey's) over the 400K margin. Many of the investors/rehabbers in my buyer's list agree that properties are a steal but they just can't afford or don't like working with these more upper class homes. I've posted ads on craigslist and contacted landlords of multi family's hoping they'd have more capital to invest but not much luck yet. Opinions? Suggestions? 

Thanks in advance for your input ! I hope everyone the best with their endeavors!!

Gabe

Welcome!

Explore all the options there are here man! I would really focus on the podcasts at first if you can dedicate and hour a day just watching something informative and beneficial for your goals. Then once you settle with your direction you can search the forum for the plenty of answers to your predisposed question as a new RE investor. Trust me it's all here. Someone has asked and answered what you want to know with plenty of detail. Go out there and find it. 

Good luck with your ventures!!

Gabe

Greetings Soisnely!

Also from Miami here! Hope you're finding your way through the forums as there is plenty of information found here for FREE that you shouldn't have to look anywhere else. Feel free to connect if anything. Good luck with all your ventures!!

Gabe

Greetings everyone! 

Before anything thank you for taking the time to read and attempt to help me with my situation. My company always advertises and preaches that our best interest is to help both buyer and seller come upon an agreement where they both feel happy with what they are walking away with from the deal. Till this day we have received nothing positive feedback on accomplishing that mission. Today we received a call from a referral and it is one of the stickiest situation's my novice experience has ever come across:

A seller calls me saying she is filing a probate for a property belonging to her mother who recently passed away. She claims she has gone to several banks and realtors and they are saying her only option is to sell the house (in a prime area to flip), which is exactly what we can do BUT then I ask her what her ideal situation would be. She begins to cry over the phone saying how she would want to keep the house that her mother lived in her whole life. She claims she is financially stable enough to purchase the house but "the bank" is not allowing her "to be the seller and the buyer." She has consulted realtors and they say they can get her the home for a 20-30K markup. On top of it all the home is pre-foreclosure. I have been bugging a colleague of mine who is an RE attorney for several things without charge these past weeks so I really don't want to ask him for his assistance on something I'm sure I won't make much on to compensate him for his consultation. 

Is there anything I can do in this situation? I am fine with walking away with a small amount ($500-1000) if it will help her resolve her issue. Very inexperienced in this situation and would appreciate all the responses I can get. Thank you again for your time!

Good luck on all your endeavors!

Gabe