All Forum Posts by: Steven Velez
Steven Velez has started 9 posts and replied 35 times.
Post: Port Saint Lucie Florida
- Real Estate Investor
- Pompano Beach, FL
- Posts 38
- Votes 14
I have seen Chinese drywall destroy some air conditioners, quickly.
Post: Contract
- Real Estate Investor
- Pompano Beach, FL
- Posts 38
- Votes 14
thanks @Michael Thomas
Post: Contract
- Real Estate Investor
- Pompano Beach, FL
- Posts 38
- Votes 14
thanks @Laura Alamery . Do you know where I might be able to get a template of a simple purchase agreement?
Steven
Post: Buyer's Questioning Wholesale Process
- Real Estate Investor
- Pompano Beach, FL
- Posts 38
- Votes 14
So, what are you telling the seller? Do you tell the seller that you will buy it cash? Or do you inform them of your plan to assign the contract?
Steven
Post: Contract
- Real Estate Investor
- Pompano Beach, FL
- Posts 38
- Votes 14
hey everyone,
what wholesaling contract should I use for south florida?
Thanks
Steven
Post: Moldy Flip: Newbie's 3rd Flip (advice desperately needed)
- Real Estate Investor
- Pompano Beach, FL
- Posts 38
- Votes 14
I've never heard of the association being liable, but that doesn't mean it's not possible. Usually if there is a leak from an above unit, then that owner would be liable, but If the top unit is vacant or unowned then you would be liable. If it's as bad as you say, you may have to replace the a/c unit and possibly the air ducts, just something to think about. If you completely remove the mold and all is good then it shouldn't scare away buyers or hurt your resale. Just my .02 cents.
Steven
Post: The cursed house
- Real Estate Investor
- Pompano Beach, FL
- Posts 38
- Votes 14
Originally posted by @Andy Collins:
I appreciate what your dealing with, but I think a PM that comes up with a plan that involves moving out someone without a court order that has claimed to have rights as a tenant, is a way to potentially end up in a mess legally.
Usually in court the person with the most money wins. I don't think the squatter has enough money to fight her in court and win. She could legally draw it out as long as necessary and it is doubtful that the squatter would be able to continually pay his/her lawyer to keep fighting. I may be off entirely on this, but seems like it would be the case.
Post: The cursed house
- Real Estate Investor
- Pompano Beach, FL
- Posts 38
- Votes 14
Rough situation. I would throw a termite tent over the house, I don't think he would stay if he knows that chemicals are coming. Hope all works out for you.
Post: Check List: The Top 7 Reasons New Wholesalers Fail (with solutions) #1 is a BIG SURPRISE!
- Real Estate Investor
- Pompano Beach, FL
- Posts 38
- Votes 14
I do not leave EMD with my sellers. I leave $100 at my title company in escrow for the house I am wholesaling.
That's what I'm trying to do. How is this accomplished?
Steven
Post: Wholesaling Ernest money
- Real Estate Investor
- Pompano Beach, FL
- Posts 38
- Votes 14
Hey Everyone,
I am interested in starting in wholesaling, I'm kind of stuck on the Ernest money part and was hoping you could better inform me. When I get a property under contract is it always necessary to put down an Ernest money deposit? If I do put down an EM and don't have a buyer within time, is it possible to retrieve it or is it lost?