All Forum Posts by: Gregory Emmer

@Igor MuguruzaWelcome to BP!

I think you're doing all the right things...and lining yourself up with service providers before you even get off the ground by having financing already available to you.  Now the question is finding a property.  This is more of a micro task, as opposed to thinking long-term about building a whole portfolio potentially, but once the first property is bought and sold, you'll have the ambitions to do a bunch more!  Scour the internet, solicit realtors, wholesalers, etc...and try to find that first property. We're all here to help...good luck.

Hi @David Bridgman

As an lifelong Floridian who both entered the real estate market at a young age (18), and went to college in the Northeast (NYU Stern), you definitely have the ability to do both, and I think you should.  I'm still relatively young at 31, but I can say college is an educational experience, and I can guarantee universities are expanding their course offerings on real estate.  College is an empowering experience that can help shape and the develop the person you become professionally.  And it is certainly an open, multi-tasking environment where you can nurture an interest that may indeed become a full time job after undergrad.  I obtained my real estate sales associate license at 18, then broker's license at 20, then my mortgage broker's at 21.  I think it is quite possible to balance the two: make the most out of your education while developing a skill set as well as relationships that can help you hit the ground running once you graduate.

@Houtan Moravej Welcome to the FL real estate market.  I think it's great  that you've done some investing in Canada to set you up for a transition to FL.  At the end of the day, there isn't a large disparity in real estate investing as a whole.  The only difference is being able to gauge market conditions/trends so that you are able to make the proper business decisions.  As you probably know, your success can have a lot to do with the service providers you work with on each deal.  Realtors (both to purchase and sell your property), title companies, insurance providers, lenders (both for you and your end buyer) are crucial to your success.  You must have a good team around you that knows what they're doing to make each deal easy and worry-free.  Good luck!

@Skyler Taylor Glad to see you've expanded beyond your traditional  analytics to come up with different ways to assess property values.  With an ever-changing market, we are real estate professionals need to change along with it.  California and Florida are great places to invest when the market is on the rise, so hopefully you'll consider coming back.  Through forums on BP, I'm sure you can engage with professionals in these markets to assess the feasibility of re-entering.  Good luck!

Hi @Vel Joseph, we deal in HM so if you have any specific questions about your goals as a real estate investor, and how we could be of help, let me know . I always recommend to new investors that the best education you can give yourself (above any seminar, book, class, etc...) is to buy a property or learn from a mentor in a JV partnership on a specific deal. You'll learn a lot more doing hands-on work, as opposed to listening to someone speak for a day. I'd look into joining the local South Florida investment clubs to help you network and learn from active real estate professionals in this market.

Hi @Robert Clark and welcome to BP. You may want to look into FHA 203K loans, which involve rehab projects, something that is very common with investment properties. I'd speak with a loan originator who deals specifically with FHA loans, there are plenty on the forums. We're based in South Florida, so when you move into our territory, let us know how we can help!

Nice to see you @Sean McClure join the forums.  As I'm sure you're learning, there are multiple components to flipping (buying the property, financing the property, fixing the property, selling the property).  We are lenders and real estate brokers, so if you ever have questions about the transaction and/or financing component, let us know.  My biggest advice to give would be to get out there and hit the ground running, trying to find deals.  I find that a lot of books do not teach the intangibles that one develops being out there in the market day in, day out.  Good Luck!

Hi @Monte Phillips Welcome to BP.  We've been hard money lenders working for/with real estate investors and wholesalers alike, so hopefully we can offer insight...let us know!

@Nikki Harmon

Before going through the bureaucratic headache of filing anything formal with DBPR or even FREC, I would consult with a real estate attorney (maybe you know someone, a friend of a friend, etc...) and see if these boards would find any merit if a complaint was filed.  And even if this person did act illegally to the "letter of the law," it may not even be in these organizations interests to pursue something...especially if he's not a "big fish" where he would be seen as an example.  Unfortunately, this is common practice among wholesalers.  What he should have done was been forthright initially, and probably shown you credentials to back up whether his method of operation has proved prosperous for his sellers, wherein he ends up finding end users.  That way, at least you could have made an informed decision.  Overall, this is a lesson learned, and coming on these forums to get an education and course of action is the best thing you could have done!  I would probably say it's not in your best interests to go the bureaucratic route, it will be long and tormenting and you may not even get the solution you're seeking.  Expressing your displeasure about this person via social media and other forums is a quicker and more direct route to making sure wholesalers like this are more open and honest with their intentions.

I think it's always wise to use a total company that's local to the area you're investing in.  If anything, they have a network of colleagues they can refer you to for other real-estate related services that you'll need for your business activities  (finding a realtor, insurance agents, mortgage brokers, etc...).  E-mail me and I can give you some specific names.