All Forum Posts by: Jack V. Ospina

@Rowlens Melduni Might be wise to contact him before hand and ask if his deal is the same one as yours. This way nobody waste valuable time. He'll probably thank you in advance. Good luck!

@Justin Butterfield It would be wise to speak to a real estate attorney and have them draw up a letter to the tenant. Landlord and tenant disputes can be tricky. You do have a right to repair issues within your property but you also want to make sure you are not invading the tenants space if that's what she claims. Paying a real estate attorney for advice is money well spent. Good luck!

@Melissa Milian I do not see a reason why you would not be able to do all of the above you mentioned. As long as you have the proper licensing for selling Real Estate and also performing construction work or partner with someone that has the proper licensing in construction you should be good to go. I do the same in Miami, FL. Good luck!

@Igor Kalem If you are not using the MLS to find deals then maybe it's best to put your license in Inactive status while keeping the license. You can also keep the license and disclose that you are a licensed individual purchasing for your investment portfolio. Good luck!

@Ernes Sahic You can do either or. Some investors prefer verbally submitting an offer so that they do not waste much time writing a contract knowing or not knowing there is no room for negotiation. On the other hand other investors such as myself would write up a contract and submit it to the seller or listing agent and then follow up with a phone call to discuss. Can't go wrong in either option. Good luck!

@Andres Corrales I travel to Cali, Colombia frequently and will be looking to purchase a multiunit there within the next 2 weeks. Do you know of any local banks that finance non Colombian citizens?

@Miguel Vargas If you check on the property appraiser website for the county it should be able to give you the zoning and land usage for the lot. This info will help you to determine what and what can not be built. Good luck!

@Jacob G. I am not sure there is a way to get on top of any list on the MLS but if you lower the price or change the status from Pending to Active once again you will receive attention from Realtors that have the MLS set up for auto email or reverse prospecting. Any change in the listing should cause some traffic your way. Good luck!

@Deven Singh Should probably just let them know straight forward you are looking to renovate the unit soon and see how they react. Try to negotiate and give them time to find something else if possible. Good luck!

@Ashley Davis A 1031 exchange is probably your best bet. You'll have 180 days to close on a new property after you sell the first one and can avoid paying capital gain taxes. A title company might be able to help you with this process from beginning to end. Good luck!