All Forum Posts by: Wil Serrano

@Kathryn Morea

I’m actually closing on my first one on the island on Mon. I’m excited!

Hey Team.. I'm interested to see who is using the August Lock for their STR and what they think of it? I've heard mixed reviews. Let me know what you think of it or better yet what Smart lock you prefer for your STR.. Thanks

Hey Dustin,

I actually did and all turned out well with that property. I actually purchased 2 more and have one under contract very similar to this one, but all were vacant prior to taking possession, so unfortunately I cannot speak regarding having to take occupancy. 

I did make sure that I developed a great relationship with a good Title company nearby that provided title insurance and ensured clear title. 

Hope this helps,

Best Regards,

Wil

I'm in the process of purchasing an FHA CWCOT property that is being sold prior to conveying to HUD. I will have to assume all responsibility and liability for any occupancy, and all responsibility, liability and cost of taking possession. The seller will only be paying any delinquent taxes, pro-rated taxes. The property is being sold "AS IS/WHERE IS" and seller is not purchasing title insurance and No Title Warranty.

Has anyone purchased a similar property and would be willing to share their experience? What would be my risk involved with occupancy and taking possession?

Any feedback is greatly appreciated. 

-Wil