All Forum Posts by: Robert Rainey
Robert Rainey has started 11 posts and replied 40 times.
Post: Triplex under contract, issue with financing.
- Real Estate Investor
- Miami, Fl
- Posts 41
- Votes 12
@Jeremy Rasmussen:
Post: Identifying potential flipping deals
- Real Estate Investor
- Miami, Fl
- Posts 41
- Votes 12
Originally posted by @Satish Mekerira:
I dont pay anyone for effort which is the way I view paying hourly.
@Thomas Franklin Had it right. I agree 100%. What I do is incentivize my REALTORs. For example in your situation I would've given him a kick back from the sale to show my appreciation. I have taken REALTORS out to lunch, dinner breakfast whatever to show them Im serious. I reject 80% of what they send me, so to keep them motivated I incentivize. My .02
Post: Loan Origination Officer
- Real Estate Investor
- Miami, Fl
- Posts 41
- Votes 12
Hi Alex. As in use my own funds to lend to others?
Post: Loan Origination Officer
- Real Estate Investor
- Miami, Fl
- Posts 41
- Votes 12
Hi all. Not sure if this is the best place to ask this but looking at the topics I felt that it would be. Im an experienced rehabber but Im looking to diversify. I want to do loans in South Florida and South Carolina as these are the areas I rehab. I want to broker both Hard Money and Conventional/FHA loans. Ive been doing research but I want some advice from some mortgage brokers on the industry and the best way to go about getting started. I know how to get licensed regarding the 20 hour class and both state and national exams. Im mostly looking for advice on getting started like going with a national brokerage(to lend in all states) vs local state brokerage, etc.
Post: Miami Triplex in the up and coming area of Little Haiti!!!!!!
- Real Estate Investor
- Miami, Fl
- Posts 41
- Votes 12
TRIPLEX IN UP AND COMING LITTLE HAITI!!!!!!
NEAR DESIGN DISTRICT
NEAR WYNWOOD
GREAT INVESTMENT FOR BUY AND HOLD
NEED NOTHING
100% OCCUPIED AND UNDER RENTED
Post: Homestead exemption back taxes
- Real Estate Investor
- Miami, Fl
- Posts 41
- Votes 12
Originally posted by @Robert Rainey:
After speaking with the rep. myself, she is asking for all their tax returns bank statements etc to get it reduced and talk about maybe removing it as they have been seperated and if they can prove that we may even be able to see about getting the homestead exemption reinstated. No one has seen this before?
Post: Homestead exemption back taxes
- Real Estate Investor
- Miami, Fl
- Posts 41
- Votes 12
After speaking with the rep. myself, she is asking for all their tax returns bank statements etc to get it reduced and talk about maybe removing it as they have been seperated and if they can prove that we may even be able to see about getting it reinstated. No one has seen this before?
Post: Homestead exemption back taxes
- Real Estate Investor
- Miami, Fl
- Posts 41
- Votes 12
Maybe I should add it wasn't done intentionally. She didn't even know what it was, and showed me her taxs amd such thay were done by some no name person claiming big returns. This is more a case of ignorance than tax evasion.
Post: Homestead exemption back taxes
- Real Estate Investor
- Miami, Fl
- Posts 41
- Votes 12
Thanks for the heads up @WayneBrooks Does anyone have any suggestions or solutions? As real estate investors we come up with solutions or work arounds that others don't or aren't willing to figure out.
Post: Homestead exemption back taxes
- Real Estate Investor
- Miami, Fl
- Posts 41
- Votes 12
Hi all. I have a situation I've never seen before so I need some help.
I have a deal that I wanted to keep for a rental because of the location. I have it under contract for $160k and it's worth about $350k. However I found it has a $100k mortgage and $113k in back taxes that just caught up to the owner a month before I got it under contract. The back taxes are because she was claiming homestead exemption on 2 houses.
Does anyone know if I can help her fight the taxs or get a reduction. I've done enough research and found out that her husband was claiming one house and she the one I'm buying but she never changed her name and they just caught up to her. Any advice???