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All Forum Posts by: Gail Ferenc

Gail Ferenc has started 1 posts and replied 4 times.

Post: Rick Wheat/Jeff Kaller “Commercial Deals” Partnerships?

Gail FerencPosted
  • Commercial Real Estate Broker
  • Florida
  • Posts 13
  • Votes 0

Congrats Lorelei! I'm rather shocked to hear that they actually closed a deal! I too, was a property scout and I agree with most of the other posts, particularly Rick G. Great idea, poor execution. I entered several deals into their platform and response was slow and usually entailed one sentence. When I asked for a deal sheet and POF - they were unable to perform. I jumped out and moved on to more qualified buyers.

Post: Commercial Property Owners

Gail FerencPosted
  • Commercial Real Estate Broker
  • Florida
  • Posts 13
  • Votes 0

If, for some reason, you feel you must have a further conversation with the seller (assuming you have already spoken with the agent), ask the agent to arrange a meeting or a conference call. Explain to the agent that you have genuine interest, however, there are points that you would like to address directly with the seller. Be ready to disclose those points and be prepared for the agent to tell you that he/she will find out and get back to you. So...........if you really want an audience with the seller, you are going to have to come up with good reasoning to get it. Also, bear in mind, that in order to make the deal happen, alienating the agent is not a good idea. Keep the agent in the loop!
Good Luck!

Post: Help Starting out in Pre-Construction Deals

Gail FerencPosted
  • Commercial Real Estate Broker
  • Florida
  • Posts 13
  • Votes 0

I have a good pre-construction deal worth looking into it........while it would be impossible to caution you about all the potential pitfalls of preconstruction, I would advise that you have an atty look over your contract before you sign it.

If you have interest, check out my pre-construction deals on Honeymoon Island posted. You can visit the developer's website and get an idea of their credentials. Also, unlike most developer's contract, this contract has a provision for assigning or more commonly referred to as "flipping."
So, in effect, you could buy today and assign your contract before you actually close............but in any event, I would not advise you to get into any deal unless you were confident that you could close (ie: have the funds or resources to obtain financing), in case, essentially, you were unable to assign your contract to your satisfaction.

Post: Pre-construction - 7 luxury condos -Honeymoon Island FL!

Gail FerencPosted
  • Commercial Real Estate Broker
  • Florida
  • Posts 13
  • Votes 0

Hi! I am marketing 6 luxury 1850' (MOL) condos and one two story townhouse condo (2550' (MOL)> These are top of the line with all the bells and whistles and located on the ONLY way to Honeymoon Island, rated 2nd best beach in the nation by Dr. Beach. The condos are all 3 br/2 ba and 2 car garages, the town home is 3/3/3 plus den and 2 car garage. This location is exceptional! Across the street is literally the outer beach of Honeymoon along with the Pinellas County Trail for biking, skating, walking, etc. Rent a kayack on the causeway! Fish practically from your doorstep. Take the ferry to Caladesi Island. Walk to restaurants, banks and shopping. Hone your artistic skills at the Dunedin Fine arts World Class center!
I just started marketing these........preconstruction starts at $525K......no reservations...straight to contract! I have "one out of the box"......and could potentially have a little leniency on the next contract. Act fast and gain immediate equity at pre-construction prices. Construction commences in approx. 5 weeks. Google the Dunedin Causeway and see how little land is left to build anything!
Visit www.libertyg.com and follow the link to Romanzo condos......mention that you saw this post for a really good deal or email me direct at [email protected].
Thanks!