All Forum Posts by: William Byers

On August 1, 2015, the closing process will have significant changes, and requires all documents to be complete three (3) days prior to closing.  Changes made during that 3 day period will reset the clock.

If you use conventional lenders to finance deals, you need to understand the new process.

http://speakingofrealestate.blogs.realtor.org/2015...

@Daniel Ryu 

I just tried it and worked fine for me.  I've got a pdf of the entire report I can send to your email.

Ty,

What you now have is an opportunity to develop your own business model that works for you, and I encourage you to decide how best to use this operating capital to meet your short and long term goals.  The difference between the two strategies is whether you want cash or cash flow, and only you can decide that.

Jacksonville area has opportunities for both strategies. You can flip for under $100k all in, and make upwards of 15% per deal so long as you can find the right deals. If you want to buy and hold rentals using this capital, it will typically require a min of 6-12 months of seasoning with a tenant before you can refinance the property. There are deals for rentals to return between 10-15% ROI in solid neighborhoods.

Study the options that fit your goals, and find someone local to work with who has more experience and can help you evaluate deals.  We have a local meetup group organized by @Erik K. where you can network.  Best of luck.

Congrats and continued success!

Some further analysis from the report and why Florida is such a great place to invest, especially Jacksonville, Tampa and Orlando.

The most recent national data by Black Knight:

http://www.bkfs.com/CorporateInformation/NewsRoom/Pages/20150223.aspx

- New York and Colorado see increases despite winter's seasonal effects

- New York ends 2014 just 0.6 percent off its pre-crisis peak

- Top-performing metros again dominated by Florida

- While recovery continues, Arizona and Florida still remain about 30 percent off their pre-crisis peaks

This is good news for flippers who's end buyer market will expand because there will be more qualified first time buyers.

https://homes.yahoo.com/news/it-s-easier-to-get-a-...

Welcome to BP @Alexander Fox 

I'm in Jacksonville FL, interested in Gainesville market.  We should connect.

"Economic Fundamentals Finally Back in the Driver’s Seat"

http://www.corelogic.com/blog/authors/sam-khater/2...