All Forum Posts by: Martin S.

Seriously though. I got a list of properties from a wholesaler who solicited me on BP. They were in NC, I was almost going to buy a new construction there for like $190k in a great neighborhood and figured I should look around a little more. This "wholesaler" sent me some crazy list with properties in the ghetto which needed like 100k in repairs for similar prices to the new construction house. It was the biggest waste of time in my life talking to that person.

I'm on contract for both of those 2 houses in my previous thread. They are 1.25% and 1.1% houses, even less after these crazy closing costs.

Those are both houses I would live in, but of course I wont since they are investments...

One on a cul-de-sac, the other on a private dead end street, and I am getting them for well below market and they need almost no repairs, but I will change kitchen cabinets and maybe do some bathroom tile myself to get a better tenant.

Both in Sarasota in the same zip code, in one of the more decent neighborhoods where ladies aren't afraid to go jogging on the streets at any hour..

These are both good deals, but I want a great deal already, lol.

When people want to sell their house, they go to a real estate agent. How is marketing going to help me? I've always saw those "We Buy Houses, for CASH" signs as BS, just dirt bags trying to rip people off. I'm sure 99.9% of people willing to sell their house would list it on MLS. Wholesalers are probably those dirt bags, trying to rip the next person off, yes I've gotten a list of properties from a wholesaler, and I could have done much better on the MLS, their prices were just stupid.

Whats driving for dollars?

I have cash NOW, I will buy a 4% house (which you would even be comfortable buying) in any decent neighborhood in FL. Show me!!!

I can buy 5-10 houses like that now. Maybe more.

So HOW do I look, other than on MLS? Cuz me and 99% of the world doesn't know how to search other than MLS listed properties, ok maybe there are some on craigslist, who knows...

No problem getting 2% in FL, he even gets 4%, lol. WHERE? Show proof, address, Zillow link, etc...

Don't forget I did mention "half decent neighborhood" don't show me some meth lab house or crack house...

Show me a real Zillow example from the last 6 months.

I cant find a single property that I would be able to buy in a half decent neighborhood utilizing the 2% rule. I looked in almost all of florida. Maybe a trailer park home, but then again, the land rental fee or whatever will kill any positive cash flow...

Oyyy, septic tank inspection is another $155... I'm starting to think I should get that one a day later if the House inspection doesn't go well, but... I dunno...

Ok. So my flight changed to Tuesday, since inspection is on Thursday. So I will be there Tuesday-Friday.

Inspection came back at $280 + $75 wind mitigation inspection and $40 four point inspection = $395...

Property Records come back as a 1650sf home, with Gross Area of 2260sf, but the For Sale Listing is at 1800sf...?

The inspector is someone my RE agent used, and since I like my RE agent I trust her and the inspector... He is a Florida Licensed Home Inspector, bonded, insured, an ASHI Certified Inspector, as well as being certified through InterNACHI and AHIT...

Does that sound like a normal inspection fee for Sarasota, Florida?

Also, whats next? Whats the deal with Title Search, Title Insurance, Survey, etc etc??? This is our first time buying a property and I'm unsure of what steps I need to take. Thanks in advance...