All Forum Posts by: Lisa DuFaux

Hi Ismael,

I have been a Realtor and investor in this area for a long time and I have changed my strategy from single family to small multi-fam and eventually plan to buy buildings of 5+ units where I can improve NOI and increase the value that way. Let me know if you'd like to talk!

Max, you hit it right on. As a Realtor, I would handle this differently if the property is occupied vs. vacant. It's just a matter of courtesy to everyone involved. I would try to limit any inconvenience to occupants (maybe one visit to meet the buyers' needs) but if vacant I see no reason to be overly restrictive. Regarding the other comments about opening the door to problems, that's what the inspection period is for. I know it's different depending on which state you're in but It seems a little paranoid to me to restrict the buyer's access because of concerns about backing out. They either want the house or they don't...any issues about that should have been addressed much earlier in the process.

Welcome to flipping on the Suncoast and congrats on your success. I'm a flipper and buy/hold investor in New Port Richey...typing this while one of my rescue kitties sleeps on the couch next to me :) Hope to hear more of your progress!

Hey Jeff, I think you meant stay east of US 19 to avoid flood zones :)

Congratulations @Stephanie S.!  That is definitely scary so you should be very proud of yourself for getting out there. It does get a little easier every time, I almost enjoy it now - almost :)

My broker is perfect for the need you are describing. I am primarily an investor but also do some retail business. I pay $35 per month and a transaction fee of $350 for my personal transactions. On retail deals I only pay $290 transaction fee and keep the rest of the commission. They also have training available if you want it but they don't place a lot of requirements on you. PM me if you would like more information.

I agree with Jeff. Repaired sink hole properties aren't good for flips because the "S" word hurts the resale value but for that same reason, they make great rentals. You are right, a lot of houses that supposedly had sink holes really just had normal settlement and it's unfortunate that they got labeled that way because of people taking advantage of insurance. I have two repaired properties rented, paid $35,000 and $43,000 and they rent for $750 and $800. I also live and work in Pasco county and it's almost impossible to stay away from adjacent properties that have reported settlement issues - they're everywhere. It's even worse in Hernando county but I recently sold a rehab in Spring Hill when the house next door had a big sink hole contractor's sign in the front yard!

Hi Chet, welcome.  I live and work north of you in Pasco county and yes, the banks usually get them at the foreclosure auctions. Then it can take them a long time to actually get them on the market. They aren't just giving away the "junkers" any more. Often they get them cleaned up and painted. I've even seen new roofs and carpet in some cases (usually higher end properties.) It is getting harder to get good deals on REOs but they are still out there if you're persistent. I am licensed and might be able to help. I'll PM you with my information.

I am not familiar with Marc Imhoff but I'll second Mark's reply above. Even after successfully doing some rehabs I attended a guru course for about $1,500. I picked up a couple of decent tips but nothing I couldn't have found on BP, which I wasn't aware of at the time.

Also, there is a forum thread about Imhoff if you want to read up on him:

https://www.biggerpockets.com/forums/79/topics/708...

Wow.