All Forum Posts by: Account Closed
Account Closed has started 2 posts and replied 3 times.
Post: Home owner permit and reselling restriction
- Winter Park, FL
- Posts 4
- Votes 2
Hi, all was going smoothly with our fixer upper, all cosmetics mind you. Went to the property to find a red card on the gate from code. Now county made me pull an unnecessary permit in FL for a simple remodel after some noisey neighbor. I had to sign some affidavit stating that we cant sell it now for a year. All of our money is now tight up in this nitemare. We own the property outright. How enforceable is this? Has anyone on here been in this dilemma. What's the consequences, is it a fine...or worse? Cause I'm about to roll the dice this one. I dont know what to do. Any info is greatly appreciated.
Post: To all Private Lenders offering 20% dn question for you???
- Winter Park, FL
- Posts 4
- Votes 2
Let me start off saying..its great to see all these private lenders available for buyers that for whatever reason, cant go with traditional funding...
My question is, if the buyer has reserves to cover carring costs and repairs etc for the short term loan, and is willing to pay 10% and up interest only, high points etc...
what does it matter if they dont quit have the 20% DP to bring to the closing table?
If a seller/wholesaler like myself is willing to up the purchase price a bit to cover the dp and cc, to close the deal....and the purchase price still falls in the 65% LTV guidelines that u all have...what is the big deal????
Buyers are not trying to get "100%" financing from you, we get that is not going to happen these days..
Your still getting the dp at closing, so again, what exactly would be the issue????
If it ok for buyers to bring money to the closing table, regardless of where is came from, why is it such a big deal for a seller to give buyer a concession for the DP/CC? IM CONFUSED
Post: Greetings From Orlando, New Investor to Florida
- Winter Park, FL
- Posts 4
- Votes 2
Hi, my name is Tammy, I def can help. I moved here in 2003. I have a strong Real Estate background. My first flip was in 1996. It took me a good 3 years strong to really know and study the markets of Orange and Seminole counnty..I know every area there is, in evey price range, pretty much almost all of the communities, zip codes that are in demand, and ones to stay away from...I have worn every hat sinse Ive been here..Real Estate Assistant, Realtor, Rehab Project Manger, Investor, Wholesaler...If your wanting to invest in the Orlando market with a great ROI, just say the word.