All Forum Posts by: Share Ross

Hey @Jeff Mack welcome to BP! Sounds like you're a very active investor in other areas so this will be fun for you! There are some over 55's that allow underage owners to flip a property. King's Point (Delray Beach) will allow it. However, Century Village is pretty tricky in my experience. It varies from community to community. There is certainly opportunity there provided you have a crew ready to go and cash ready to invest in to the project. 

Best of luck! Let me know if I can help more! 

I second @Mitchell Jaworski gold coast for in person and kudos for knowing how you learn the best. 😉

Hey @Kerry Baird... will do. pls stand by! 

Hey @Kayla Brown... that depends on who you're with once again. In my group, locally ... our photography costs are covered. Around here, if I did have to pay for it, I would expect around $150-250 per listing. (depends on what is included) Well worth it for how it will stand out against the other non-pro shot listings! Hope that helps. 

Yes there is a big market of folks who need to rent and it is usually annual. Hope that helps. Let me know if you have specific questions. 

There are lots of cash only. Not due to distressed though but due to ‘recreation lease’ and sometimes it is just tough to get a loan for 55k!!! 

Overall ... buy and hold is the standard in this niche. 
or if you have a crew that can do the work ... you can flip them. 

all depends on your goals. 😁

Yes there are several communities that make sense ! Quite a deman for rentals as a lot of over 55 condos require cash to purchase and some folks just don’t have it. 

There are some you can get for quite inexpensive (under 60k) and wither renovate or rent as is. 

Hope that gets you going and happy to answer more qs. 

Hey @Kayla Brown the first step new agents do is usually start out as Buyer's agents. It is the easiest way to get going. As for getting those buyers? TONS of ways. Facebook Marketplace. Craigslist. You can post listings that say 'any broker advertise' and that will give you buyer leads. 

If you have a listing and you are wondering how on earth to get it sold ... typically, you put it in the MLS which then propagates it to all those other sites (zillow etc.) and buyer's agents will find it in their searches for the right property for their clients. You need professional photos, a great description and nowadays, a virtual or video tour.

Open houses are of course a great way to get buyer leads but ... in today's climate, that is challenging right now. 

Where are you located in Florida? 

Yes, things are still moving forward here. Depends on the willingness of all parties, of course and definitely staying safe! But in the case of lenders? Just got my buyer an FHA loan with a rate of under 3%. He could have closed in 15 days if he wanted to, but he needs more time for moving reasons. :-)

This is a note from one of my lenders (they do their own underwriting) here in Southeast Florida: "My friends at Chase said they now want 20% down and a 700 credit score.
A realtor called me today stating that the VA lender changed their guidelines right before closing.
We are still lending with no changes. We are still underwriting in 24-48 hours." 

I hope that helps with anyone wondering about lenders. 

Hey @Joseph Palladino, congrats on making a decision to purchase real estate! Fort Lauderdale does have rent demand depending on which area. It seems to be in high demand for a lot of reasons and if you'd like to discuss, I'm happy to get on the phone and chat about what you're looking for. Depending on your budget, there's a lot to consider when finding the right property!