All Forum Posts by: Jason Palmer

Come and Steal Get It!

FOR SALE:

8338 Walden Rd E, Jacksonville, FL 32244

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8338 Walden Rd E, Jacksonville, FL 32244

3 beds 2 baths

1,052 Sq Ft

ONLY $89,900

OR BEST OFFER

* Buyer pays all closing costs*

Available for immediate purchase, a 1,052 square foot, all brick, 3/1.5 in the highly desirable Argyle Forest area of Jacksonville. This home sits on a very large lot in a quiet and secluded area that’s close to everything. Situated halfway between the Oakleaf Town Center and the new Collins Road/I-295 interchange, the home was remodeled in 2013, including a new roof and kitchen. No major repairs are needed and there is potential to convert the half bath into a full bath, adding even more value and appeal to this home. Recent comparable home sales within a half mile are as high as $139 per square foot!

There will be a showing on Saturday, September 8, from 10:00-Noon. Bring your inspector or contractor and see for yourself the tremendous opportunity available with this rare find!

Recent sales in the area:

8272 Teaticket Dr (0.2 mi)

3/2, 1,262 Sq Ft

Sold 6/4/2018

$174,900

8187 Teaticket Dr (0.3 mi)

3/2, 1,344 Sq Ft

Sold 2/2/2018

$172,000

Call (904) 204-3080 or email [email protected] to make an offer today!

I'll be glad to help you in any way I can. This is one of the reasons that I encourage my buyers to perform their own due diligence and I steer clear of giving repair estimates. I don't want someone to purchase a property and then discover something that I missed and accuse me of ripping them off. Even if I do know everything about the property, my contractors estimate could be light years off from what the buyer's contractor may be. Just like any other purchase you make, you should never take someone else's word for it. ALWAYS do your own due diligence. Even if they're 100% honest, they could make a mistake and unintentionally overlook something. I have one buyer who trusts me and will buy the property sight unseen, based on just my word. Fortunately, nothing has backfired on us and we've both made money together through several transactions, but I've made it clear to him that if he chooses not to perform his own due diligence, anything that goes wrong is on him, not me. He understands and accepts that. 

I don't know about others, but my strategy is to help those who need to sell faster than they could do it by listing with an agent. That could be someone who has a home that's in bad shape, about to be sold at a tax deed, or someone who needs to quickly get out of a second mortgage on a house that never sold so they can get that second payment off their back. There have been several occasions where, after meeting with the seller, I let them know that I'm not the best option for them and it wouldn't be in their best interest to sell to me. I've never wholesaled a house that didn't need at least 20k in rehab. In other words, a house that would only sell to an investor even if placed on the MLS. I also have purchased or wholesaled several homes that Realtors wouldn't take on because of the condition. During EVERY conversation I have with a seller I suggest that they make the necessary repairs and list it with an agent. I know that this is their best option, and I try to encourage them to exercise that option if it's possible. If they can't or wont, then that's when I step in and see what I can do to help.

News flash for everyone: People don't buy distressed homes at a price that only allows them to break even. Those homes are purchased with a profit motive nearly EVERY time. Whether it's placed under contract by me or the rehabber, it's still going to get sold at a discount. Period. To claim that these owners are getting scammed for selling their distressed home at a price that allows the end user to make money is ludicrous. If it weren't for those investors the home would most likely continue to sit on the market until it turns back into dust, continuing to be a burden on the owner. 

There are two ways to have the tallest skyscraper in town; tear down everyone else's, or work on building your own. I'm working on my own, instead of running to the government to tear everyone else's down on my behalf. The same people that have nothing better to do than scour BP forums looking for unlicensed activity are probably the same people that report little girls for selling lemonade without a proper health department certification. Some people just lead miserable lives and feel the need to drag others down. I truly feel sorry for them.

Let's call it what it is. Most licensing laws are only in existence because big players in an industry get together and bribe  lobby their politicians to help suppress their competition through the use of the government's monopoly on force. No real estate investor puts a gun to someone's head and forces them to sign an agreement - seller or buyer. It's nothing more than consenting adults engaging in commerce. 

Again Jay, everything I do has been checked and checked again through my attorney. I am NOT here to discuss with anyone the legalities. Just giving a fair warning to other wholesalers. Nothing more, nothing less. 

Be careful when discussing or posting wholesale deals on Bigger Pockets' forums. Myself and several other wholesalers in my area have gotten complained on to the Florida DBPR and after looking into it we determined that ALL of the complaints came from upset brokers who saw our posts in Bigger Pockets. Everything I do is legal and checked by my attorney, but some people have nothing better to do than make trouble for you. I am in no way trying to start a discussion about the legalities of wholesaling. The point is that even if you are doing everything legally, a complaint to the licensing board can cost you unnecessary legal fees and time. Proceed with caution in this and any other forum when discussing or posting your deals. Wishing you all much success! 

5406 Matanzas Way, Jacksonville, FL 32211

4 beds 2 baths

1,528 Sq Ft

Concrete Block

Lot Size = 11,562 Sq Ft

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ONLY $79,900

OR BEST OFFER

* price net to seller *

Great fix & flip opportunity in the Arlington area. Property has been gutted and needs extensive rehab, but is a blank slate for a new owner to create a high profit masterpiece. The current owner had plans drawn up to add an additional 300 square feet on an existing, attached slab. That's an option, but certainly not a need. Recent sales in the area range from $111-$127 per square foot, giving this one an ARV range from $170,000 - $194,000.

Recent sales in the area:

5345 Arlington Rd (0.3 mi)

3/2, 1,440 Sq Ft

Sold 06-11-2018

Price: $182,888

1122 Las Robida Dr (0.2 mi)

3/3, 1,614 Sq Ft

Sold 10-11-2017

Price: $179,000

5377 Floral Ave (0.2 mi)

3/2, 1,815 Sq Ft

Sold 08-25-2017

Price: $202,000

Call (904) 204-3080 or email [email protected] to make an offer today!

Libertas REI, LLC is acting as a principal in this transaction, not as a real estate agent/broker, and has possession of an assignable contract

HANDYMAN SPECIAL! 3/1 IN JACKSONVILLE, FL

5143 Kingsbury St, Jacksonville, FL 32205

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3 beds 1 bath + Garage

959 Sq Ft

ONLY $59,900

* price net to seller *

Handyman Special! New construction is in progress in lot immediately adjacent to this property. House needs moderate rehab, needs new roof, and cosmetic work. After work, house could rent for $1,050/mo.

Recent sales in the area for 3/1 homes:

5143 Attleboro St (0.0 mi)

3/1, 1,193 Sq Ft

Sold 6.7.2018

Price: $125,000

5235 Attleboro St (0.1 mi)

3/1, 1,200 Sq Ft

Sold 2.6.2018

Price: $127,300

965 Mikael Ave (0.3 mi)

3/1, 953 Sq Ft

NO GARAGE

Sold 8.3.2017

Price: $101,500

Call (904) 204-3080 or email [email protected] to make an offer today!

Libertas REI, LLC is acting as a principal in this transaction, not as a real estate agent/broker, and has possession of an assignable contract

FOUR PROPERTY PACKAGE DEAL IN GREEN COVE SPRINGS, FL

GREAT FOR LANDLORDS OR REHABBERS.

THIS ONE WILL NOT LAST, SO MOVE FAST!!!

818 Cove St, Green Cove Springs, FL 32043

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2 beds 1 bath

790 Sq Ft

___________________________________________________________________

1009 Palmer St, Green Cove Springs, FL 32043

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3 beds 1 bath

1,568 Sq Ft

___________________________________________________________________

1053 Center St, Green Cove Springs, FL 32043

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2 beds 1 bath

1,039 Sq Ft

___________________________________________________________________

108 Citizen St, Green Cove Springs, FL 32043

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3 beds 1 bath

1,142 Sq Ft

___________________________________________________________________

SEE MORE PICTURES >

ONLY $109,900

* price net to seller *

Investors, take advantage of this phenomenal opportunity! Four properties in Green Coves Springs, ideal for flippers or landlords. This deal is a gem so it definitely won't last!

Three properties need a complete rehab: 1053 Center St., 108 Citizen St., and 1009 Palmer St.

One property – 818 Cove St. – will most likely be a tear down, but home sales are up to $115/SF, so it would be the ideal opportunity for a new build!

Recent sales in the area for 2 & 3 bedroom homes:

507 S Highland Ave.

3/1, 960 SF

Sold 09/05/17

0.7 Miles

$108,000

________________________________

1405 Forbes St.

3/2, 1,272 SF

Sold 06/01/18

0.4 Miles

$153,000

________________________________

471 Jeri Dr.

3/2, 1,300 SF

Sold 10/19/17

0.5 Miles

$175,100

________________________________

612 S West St.

2/1, 1,100 SF

Sold 11/13/17

0.5 Miles

$97,000

________________________________

1332 Walnut St.

2/1, 1,000 SF

Sold 05/30/18

0.3 Miles

$96,200

________________________________

Call (904) 204-3080 or email [email protected] to make an offer today!

Libertas REI, LLC is acting as a principal in this transaction, not as a real estate agent/broker, and has possession of an assignable contract

VACANT LAND ZONED PUD

BUILDERS! BUILD YOUR 8-UNIT APARTMENT! 

DON'T HAVE A BUILDER? USE OURS!

2735 RED OAK DR, JACKSONVILLE, FL 32211

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READY TO BUILD MULTI-FAMILY

ZONING, PLANS, PERMITTING COMPLETED

BRING YOUR BUILDER, UPDATE THE PERMIT, AND GET TO WORK!

ONLY $120,000

NOW $109,900

* price net to seller *

This one is 99% shovel ready! Originally designed with student housing in mind, this opportunity is within walking distance to Jacksonville University. The property has been zoned PUD, and all plans to complete an eight unit apartment building are in place.

Originally planned to begin construction in 2008, this build was put off due to the crash right when they were ready to put shovels in the ground. The new owner will receive all of the plans that were designed for this project, copies of which are in the link posted above. There is a strong need for newer student housing in the area and these should rent very quickly, especially since there is a Pizza Hut right across the street!

For further details, call (904) 204-3080 or email [email protected]

Libertas REI, LLC is acting as a principal in this transaction, not as a real estate agent/broker, and has possession of an assignable contract