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All Forum Posts by: Jacob Olivos

Jacob Olivos has started 14 posts and replied 24 times.

Post: Advice as a realtor.

Jacob OlivosPosted
  • Involved In Real Estate
  • Lake mary, FL
  • Posts 26
  • Votes 1
I want to start by thanking this site and the people in it, I have gotten all my questions answered quickly and with more detail than I can imagine, I'm happy to learn and hope one day I can pass along the favor . So I just passed my state exam and I am looking to hang my license. I found a broker that goes to distressed properties on auction lost and asked to buy it and then wholesales it, is anyone familiar with this method or have advice on how to make money with these deals. As a license I would get 1.5% when he buys the property from the bank and 1.5% when it's sold . The idea is 4 a month and that's not a bad living. How hard would it be? How realistically are those goals? Thanks for any feedback.

Post: wholesaling with no money down

Jacob OlivosPosted
  • Involved In Real Estate
  • Lake mary, FL
  • Posts 26
  • Votes 1

does anyone go door to door? I have heard of getting auction dates on properties and going to talk with them, has anyone had any success with that or have advice on what to say to people with deals.

Post: Insurance company in orlando, fl

Jacob OlivosPosted
  • Involved In Real Estate
  • Lake mary, FL
  • Posts 26
  • Votes 1

I am looking to find a reputable insurance company or agent in the central florida area. if i could get a recommendation i would appreciate it.

This is my first time owning an llc and my first property getting traditional financing, when i deduct all my office expenses and depreciation and all the things i can from my llc will the price they add to my income be before or after taxes.

Thankyou for all the helpful and quick information and thankyou for such an in depth response @Albert Bui I am claiming my rental income through an llc i started for the tax benefits, how will they look at it? and what advice on how much to deduct?

I have a 4 bedroom that I have on a owner finance mortgage that I have as my homestead, I rent out 3 rooms (as I am a single man no kids no animals) the benefits are great because I can live in the property and still get a small return, anyway I have a 3 year balloon and I am coming up on 2 years in September. I would like to refinance or sell and do a 1031 exchange ,but preferably a refinance to keep control of the property , to give numbers I have a 8 percent owner finance and I have between 30-40 thousand in equity I am looking to get some cash out If possible. Please respond with possible advice referrals to brokers and ways to finance this property as soon as possible

Post: Handy man in seminole county florida

Jacob OlivosPosted
  • Involved In Real Estate
  • Lake mary, FL
  • Posts 26
  • Votes 1
I have a 4 bedroom in altamonte springs,fl and I am looking for a affordable, fair and honest handy man in the area, maybe Orange County as long as they are willing to travel. Please send me a message or colleague request I am also looking to connect an network with like minded people in seminole or Orange County florida

Post: Orlando area

Jacob OlivosPosted
  • Involved In Real Estate
  • Lake mary, FL
  • Posts 26
  • Votes 1
I have a property at 8% owner finance and I of course want to refinance as soon as possible. Should I refinance what I owe which is 150k or should I refinance at the new value of around 195-200 and use the lump sum of cash to help get another deal together. How much can I get LTV on a refinance. What is your opinion on taking equity out of the property. I am new to this an very open, an guidance and perhaps a referral for the orlando area would be greatly appreciated .

Post: New to orlando area looking to connect .

Jacob OlivosPosted
  • Involved In Real Estate
  • Lake mary, FL
  • Posts 26
  • Votes 1
I am in the orlando area new to this but I have bought and sold around 3 houses. Looking for someone to partner with who May have more experience and needs someone to go half on deals. I have equity in my properties and I am looking to get into perhaps flips or other real estate investments

Post: Should I refinance to get cash out for 2nd property.

Jacob OlivosPosted
  • Involved In Real Estate
  • Lake mary, FL
  • Posts 26
  • Votes 1
I have a property at 8% owner finance and I of course want to refinance as soon as possible. Should I refinance what I owe which is 150k or should I refinance at the new value of around 195-200 and use the lump sum of cash to help get another deal together. How much can I get LTV on a refinance. What is your opinion on taking equity out of the property. I am new to this an very open, an guidance and perhaps a referral for the orlando area would be greatly appreciated .