All Forum Posts by: James Nolan

Kevin Duett, I lived in Jacksonville, FL for the last 17 years and in the Tampa are now, but still have many contacts in that market. Sold my last property there, but finding more soon. I know all the areas of Jax and if interested email me and I can find out more what you are looking for, plus realtors and brokers in the area finding me deals. Have a great day.

Good to meet you and I just found this site a few days ago.

Thank you both for posting and looking forward to talking more with the both of you. I love the area I am in and can't wait to see what happens in the future. Just getting to know this site better and so much help as well as information here. Have a great night.

It's a great help and lucky to have him.

Sounds good and good luck.

I have a real estate attorney finishing contracts that I had from a different state to ensure they are good for Florida. They should be done by next week and email me your info. I am new to this site but I can send them to you when they are done. Just let me know.

If your covering the repairs and violations then your meeting in the middle, plus in most States the seller traditional pays the closing costs. Talk to some real estate brokers to see who they would recommend as a good contractor. If they don't take the deal then there are other ones out there. Always be looking and you never know what's out there.

Multi-family homes are the way to go since they will bring in the most revenue for you as an investor. Matt is right when it comes to an FHA loan. You do have to live in one part and rent out the other for a period of time. What you can do is make the rent equal or more then the loan is for, so that way you can cover any costs that might come up with on the tenant end and you will live rent free. Consult a real estate attorney on how long you have to live in the home before you can rent out both places. The best case is to find a three or four unit property to maximize your earnings, but remember to keep your security deposits in a separate account from your personal account. Let me know if this helps and good hunting.

Well, you need to follow the fair housing act in your State. I used to live in Wisconsin and everyone needs to be looked at as a potential renter. Show the property to everyone, run background checks with the application cost covering that, and then go from there. You don't want to get into a position of violating the fair housing act. It's a good problem to have right now having all these possible tenants, but everyone deserves all your attention because you never know who your next future tenant maybe. You can let everyone know that there are quite a few of tenants that have applied and your considering everyone's application. Treat everyone the same and you will never have a problem. Hope this helps and good luck.

good to see another investor from Florida. I am actually trying to find a REIA here in the Tampa area. Getting back into it after a long break. I know the market well over here and in Jacksonville, FL. My future father-in-law is a real estate attorney and he has helped me a lot. If I can help in any way let me know. Have a great day and good hunting.