All Forum Posts by: Jason Brown

@Bridget Grant

Generally if done PROPERLY mortgages should not survive a tax sale.

Things that usually survive tax sales are the following:

HOA dues

Utilities/city liens/fines

IRS back tax claims

Hahahaha. 1,6,7,9 and 10 have all gotten me. If I'm being honest 9 still continues to get me to this day.

@Anna Bee

Most condos on Miami Beach are rentable. However most condos on the beach also have rent restrictions with the length of stay of the tenant being a big one.

They say "necessity is the mother in invention" ....... but your timeframe for invention is tough so let's be honest.

1.There are no good choices made under duress.

2. If you've been in the Miami housing market hunt for any length of time, as it seems you have, you'll know then that even with good employment, good credit, and a sizable down payment it's STILL difficult to secure a house. Not to discourage you but that's just the way it is with the current market right now.

Given where you are with your current living situation it appears you're now considering buying a condo as a way to at least have a place to stay by next month. Just being honest the odds of not only finding a condo but finding and close on a condo via conventional financing between today the 10th and Dec 1st will be borderline impossible. Between inspections, appraisals, title work and financing approvals I don't see that taking any less than 45 days. Not to mention whatever delays arise over the thanksgiving holiday.

So let me give you the only two options I see you having at this point.

Option A. Move out for end of month, put your stuff in storage and temporarily bunk down with someone while you continue your house search. Friends, family, colleagues whoever can possibly give you little space in their place as you continue your search. That will at least give you a place to stay and possibly even give you some savings on rent.

Option B. Start your search for a new apartment IMMEDIATELY, as in yesterday haha. Even finding an apartment right now is crazy so it's not too soon to get started. Find one that gives you either month to month flexibility or at least one where it has defined terms regarding costs in the event that its necessary to break the lease and those costs aren't too exorbitant. Then your housing problem will still be solved and you'll already know ahead of time the expense of leaving this apartment earlier due to buying your own place.

PS..... just remember that a realtor advising you to buy a house is like a supermarket giving you diet tips. Yes they are knowledgeable but they get paid the MORE you eat not the less...... know what I mean? Realtors are not bad obviously just consider the source.

Good luck

I've gone through the refi process a few times. There really is no such thing as an investor friendly appraiser, nor should there be if we're being honest. Just get a solid equity stake in whatever you purchase and let the surrounding comps speak for themselves.

I've given comps, upgrades and tons of other information to appraisers when they came to appraise my properties. Did they use any of that information? Maybe...maybe not. The rules say they shouldn't but a good appraiser should be local enough to the area to understand the nuances of the neighborhoods to understand value from more than one perspective.

You definitely don't always get that person so you've just got to work around it.

Best,

Drive for dollars, cold calling, direct mail, bandit signs, social media marketing, website, possibly wholesalers........ the list goes on. 

On Fire. Wholesaling will be tough. You've either got to pound the pavement HARD or have a solid marketing budget to get any traction down here. Nothing is impossible though. Especially if you've got a knack for problem solving and don't mind working in different types of neighborhoods.

@Doug Lovett

Hahaha........... Everyone.

@Adam E Coleman

Haha down here it’s probably MORE common to see unpermitted work than it is to see work matching the permit records.

Amazing. Very Impressive.

Are you averaging 3.1K per unit?