All Forum Posts by: Lynn Bown

Central Florida.  If you have some whoiesale properties please send them in the sarasosta / charlotte counties.

If you don't have access to the MLS do a tax record look up on the house, you will find the purchase price last and any mortgages recorded after. look for multiple mortgages in succession or filing of satisfied or liens. Could be a mortgage or even a tax lien hard to guess. Or If you have a friend with MLS access or know an agent you trust they can look at the tax records online.

Either way contacting on Facebook is an option if you do it privately, but try to add him as a friend first or you could look for him on linkedin.  

Welcome to BP Carlos from North Port Florida's top investor agent.  We have a partner in Miami @Account Closedyou might want to look him up he has 30 years investing.

That is the million dollar question and you will get a lot of different answers.  The truth is there is no de facto answer.  In my market I have some areas where you can go 5 blocks and the strategy changes dramatically.  It really about very specific criteria and developing niche patterns, not broad areas.  I would start out in your own area within 15 miles of your location and get stats on Sales, average days on market, average appreciation yearly recent, rental rates compared to sold prices, vacancy rates, move in or move out trends. then break it down by zip code and sections and you will find local patterns to target for your target areas.  The other problem is the stats change, I do new soil farming every 6 months to determine changes and recognize changes in my research.  
1. reasearch, research, Research your area
2. set your criteria, ROI limits, and geo specific areas
3. setup auto search systems or notifications
4. rinse and repeat : Goto to step one

I am from North Port Florida also available as a resource to you.

Looking at it from a property value it would probably not look good at that price, looking from a rental cap rate with a loan at 8% your cap rate, 10% vacancy rate (guessing), 300 per property tax and nothing for maintenance or management, I get a cap rate of 1.63% netting you a whopping 984 monthly on a Seven hundred investment.  Based on this from both perspectives doesnt look good in my valuation.

The exchange rate of the Canadian dollar presents a good opportunity for Canadians who own property here to cash out, some highlights from the article....

"It is just a good time for them to sell and net more with the exchange rate,"

".... a lower loonie compared with the U.S. dollar is causing a reverse flow, heating up the sale of Canadian-owned homes in the United States"

Read Article

Sue Downs with Remax Anchor. I do a lot of property evaluations for their REO Department and they are a good agency.

Sdowns {at} remax.net

941 639 1376

Welcome Dean From North Port Florida.

Welcome from North Port FL.