All Forum Posts by: Account Closed

@Carson Wilcox thank you!

@Greg Shell thank you Greg! I will check out Suncoast.

is there a way I can see the property?

We would like to have a HELOC available in order to make offers when a home that is worth it becomes available. Is this a wise strategy? My wife and I have a goal to rent our current home out and pick up a fixer upper to purchase and move in to. We would then do the rehab while living at the property. Would a HELOC be a good strategy to do to pay off the down payment for the second home. Also, are any of you familiar with anyone who I can reach out to for the HELOC. Please share if that's okay.

Finally, any knows a trustworthy wholesaler in the greater Tampa Bay area, please reach out me if you have a 3/2, 1600+sqft, available. SFR or Townhome preferable in Wesley Chapel, New Tampa, Tampa, Lutz, Land O Lakes, Odessa.

Thanks

Mike M. thank you for the information .

Greetings everyone, My wife and I are Realtors and spent the day driving around looking for potential homes to flip. We came upon a house that is for sale on the MLS for over $200k and is in an area where comps have sold between $240k-$250k. I was not in the least impressed when browsing through the pics of the nearest comps that sold. They were not remodeled and sold for those amounts. This home is owned by an investor and has been on the market for 160 days. The home needs a major rehab including roof, soffit, bathrooms, kitchen, flooring, drywall, painting, A/C, water heater, most likely electrical and plumbing. The Windows seemed like they may have been updated at one point, but most likely they would need to be updated if the rest of the home is getting fully rehabbed. I’m sure a plethora of other things after an inspection. $75,000+ rehab cost Do you believe an investor will just sit on this property and not consider a realistic offer? Cash purchase. Built 1972 1600+sqft 3/2 2 car garage Lake front property There is large “Florida room” with a fireplace. I will do my best to answer any questions you have and thank you ahead of time for the input.