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All Forum Posts by: Mike Jones

Mike Jones has started 1 posts and replied 2 times.

Post: Hello from NW Central Florida

Mike JonesPosted
  • Developer
  • Orlando, FL
  • Posts 3
  • Votes 0

Looks like I can't edit posts. I made a very broad comment about people flipping properties for double. I want all of my homes purchased to be under $100k and would prefer them being older with a few updates say 1950's to the 1980's.

*I just found the edit button. That's what I get for skipping coffee this AM.

Post: Hello from NW Central Florida

Mike JonesPosted
  • Developer
  • Orlando, FL
  • Posts 3
  • Votes 0

Hello I am here to buy and hold a few sf homes as a side project/new career entry. I am especially interested in negotiating homes in the preforclosure process, or maybe note purchases. I see some guys (likely members here) flipping a property for double what they paid within a few weeks. Using my model I can afford to pay more then them but less than what they are flipping it for so I need to work myself in the middle somehow. I haven't seen many good deals (in fact some selling for way more than I expect) at court house sales so I have been straying away from that prospect.

I have worked in MF development both affordable (LIHTC) and market rate for a number of years. So, if anyone needs help in that arena I would be happy to help.