All Forum Posts by: Samir Abrahani

@Mark J. Congrats! Did you buy it online? And did you get to see it from the inside before buying?

Welcome to BP! Tampa will help you reach your goals whether you decide to flip or hold. Deals are indeed harder to find but there are a few up and coming neighborhoods that will grow in 2016. Goodluck!

Just closed today on my first flip! I plan on attending.

Does anyone know any reliable and quality contractors in the Saint Petersburg FL area? I am flipping a house that needs some work done in the next 30 to 40 days.

Thanks

I own a rental property free and clear and looking to purchase another one cash. Should I do a cash out refi on my rental or use a hard money lender and then refi after rehabbing? My goal would be to flip the property

Hi @Joshua Fair welcome to biggerpockets! I live in Tampa and joined BP a couple of weeks ago. The podcasts have been very informative for me and the people on here are great! Best of luck to you!

@Jonathan Davis

@Tim Hall

Thanks for replying! So got a chance to speak to the neighbor today and apparently its a pretty twisted situation that makes me dizzy thinking about it. Apparently the husband and wife are on bad terms and he has all the bank statements for the house so she has no idea how much is owed on the house or even if he has been making payments. He wants nothing to do with her that makes it even harder to speak to him to find out. The judge ordered him to pay for the mortgage until 2016 which means she pretty much gets to live there for free until then. She has no incentive to sell the house if that is the case. I told her to find out from her lawyer what happens if the bank forecloses on it. The house is in perfect shape and needs no work at all. I will update once I get more info.

Thanks again!

So I don't have much experience with Real Estate investing but I know there is opportunity here and I need your help. My neighbors are divorced and their in pre-foreclosure status. The husband has moved out and neither one has paid the mortgage in a while. I believe the husband was court ordered to pay for the mortgage but according to his wife, he would rather let it foreclose.

My question is, what is my best option here? Do I offer a subject-to deal (which I don't know anything about)? Do I first find out how much they owe and use that info somehow? As you can tell I don't know anything about this.

Thanks!

I'm from Tampa Phil and looking to buy and rent, what area is this?

That area used to be pretty rough but they have cleaned it up quite a bit over the years. A close friend of mine owns an apartment complex probably about 3/4 of mile from there and it runs around 90% occupancy rate. Close to the interstate and a short distance from the University of South Florida (Go Bulls)