All Forum Posts by: Jennifer Talcott

"let it rip tater chip"  Ha ha.  Love it Joshua.  Thanks for the encouragement!

Thanks.  

Morry - "Always want a deal never need one." I like the quote. Unfortunately these are REO's in the Tampa market. Banks often make their LA wait until a certain date to present all offers... It's basically an auction, but it's a gray area, so they get away with it, and I've seen it a lot. Also, they don't tell you what anyone else offered. All they do is inform everyone that there is a "multiple offer situation" and give you a form to fill out that they say "isn't" (it really is) a request for your best and highest offer...

BTW, I was reading another post on BP, and it looks like I won't be buying that pre-foreclosure list after all...  

Hi Lamar,  What does "BK" mean?

Hi.  New here.

We've put two offers in.  We were outbid on the first one and I expect to be outbid on the second one too.

The problem is, Tampa's a hot market, and these REO's are being snapped up by either occupant-owners or investors who don't need to make a profit.

I'm a realtor and my husband has a construction background, so we know about how much the properties will cost to rehab, and how much they should sell for.  We put in the highest bid we can and still make a decent profit, but so far nothing.

What kind of strategies do you all use to get your offers accepted?

I have access to a pre-foreclosure list and plan to start working it next week.  Any other ideas?

Don't worry as much about the style. The same number of beds/baths matters.  Should be less than a mile, but you can play with it.  Also play with up to a year (although appraisers supposedly try to look at the last three months.  Also look at significant features such as swimming pools (here in Florida).

Thanks all.  Worked with Google Chrome.

Thanks everybody!  

I was so focused on our bio's that I forgot to mention we put an offer on our first fix/flip on Wednesday!  (DUH!)  We should get a response on Tue or Wed. 

I'm totally excited!!!  

I used to be an on-site manager for a 32 unit apartment complex and I was paid in free rent plus a salary...  

So, if you don't already have a manager, or a maintenance person, maybe you could let them live in the house as partial payment for their services?  

Hi,

It's nice to virtually meet you all.  I apologize for not having a photo - but I'm having difficulty with uploading one.  I'll put it out there as soon as I'm able :)

My husband and I are thinking we'll start out with flipping, and possibly branch out to wholesaling, buy and holds, and private lending.  We'll probably try other areas down the road, but those are the first ones that come to mind.

I am a Realtor - got my license May, 2013.  I love what I do, but I'm sooo ready to take it to the next level.  I've wanted to invest in real estate for many years, and we're finally ready to take the plunge (yay!).  I've been spending every spare minute reading "The Ultimate Beginner's Guide" (which is excellent reading), and have signed up for some of the investing clubs here in the Tampa area.

My husband is currently a Home Inspector, but spent the majority of his life in the construction trades.  He has been an entrepreneur most of his life; starting with a car repair business in high school.  He traded that for a water well drilling business later on, and soon added a Remodeling and Victorian Restoration component, a Heating and Air component and a Plumbing component.  One of the blessings of being a well driller on new housing sites was that he usually had plenty of time on his hands to help the other contractors.  This was a great way for him to learn all of the different trades so he could apply them in his remodeling/restoration business.  About the only thing he doesn't do well now is trim work :)

Happy REI to you all! -Jennifer