All Forum Posts by: Daniel K Adderly

Need of contractors with experience in 203k construction workflow. Won auction for a HUD home in Brooksville Florida, financing thru 203k, looking for experienced contractors

The current real estate market presents both challenges and opportunities. Like many investors, you might be contemplating a strategic move, waiting for the perfect timing.

At Adderly Realty Company, a trusted local Florida real estate firm, we are equipped to help you navigate this dynamic market. Whether you're interested in single-family homes, duplexes, multifamily properties, or commercial assets, our in-house analysts and investor-friendly agents will develop a tailored plan to meet your needs. Our goal is to facilitate seamless transactions, ensuring built-in equity value for your investments.

If you're looking for a hassle-free experience, we offer

• 15 min consultation: https://calendar.app.google/YorTQvuxQbLj7HNM8
• Phone: 813.364.2320
• Email: [email protected]

We are also happy to assist with any inquiries or connect you with a reputable member of our extensive local and national network.

We look forward to supporting your investment endeavors.

Had my first closing with an investor I meet from Biggerpockets. For the agents just getting started on here the best advice I can give is bring value to the situation.

@Mary B. 

 No...it was more of a "what if" question...come at it a different way then what is normally done. Payment would not be lump sum. 

@James Wise @Mary B. 

I guess I was thinking along the lines of a retainer you would pay to a lawyer and apply that concept to real estate. I know the commission is normally 50/50 split and paid by the seller. As buyer agent on "retainer" you could offer splits of 70/30 on commission that savings could be a selling point to seller (reduction of fees paid) or into seller agents pocket.

why the investor would pay...she really doesn't have an advocate for her position since everyone gets paid by the seller.

Does it makes a difference of calling them transactions or credits?

Any agent ever use the exclusive buyers brokerage agreement (fl) for a benefit to investors? Example a investor signs a agreement with agent for three months for 20k. 20k gets paid to the agent if the investor uses them or not and at the same time the 20k  gives the investor a set amount of transaction. And could you still keep the agreement as a transaction broker? Also 20k equals 10 transaction buying and selling of a home are separate transaction...so you could have two transactions on one house. Of course the numbers could change depending on skill level and location.

Of coarse what I put was a very crude framework just want to know is a agreement like that possible? If so, been successful? 

Hunter

To me you have your answer on the reduced offer i.e. hauling away of junk, repairs, etc. It sounds to me also the deal is closed the meeting is just a formality to get the contract signed...sometimes less is best.

I'm thinking maybe the title company being used to close on property or any licensed real estate professional helping you with the transaction should be able to help you and provide proof to everyone of deposits made and by who. Hopefully this help you.

@Ebrima Drammeh 

Remember these are just suggestions to start asking the right questions:

Own and manage property under LLc (talk to local legal advice for best advice)

Some questions you need to answer:

1) Local or out of state

2) How much are you investing and what is your target rate of return?

3) self manage or hired property management

4) how will you advertise rental

5) tenant prospecting and qualification

6) read the blogs and listen to the podcast on biggerpockets

@Carl McKenzie do you know the owners name...look them up at the courthouse in your county if sheriff came then it has to be a court filing somewhere.