All Forum Posts by: Adrian Castillo

In my humble opinion, I would take pictures and follow up with the counselor to inform them there was property damage in terms this can be deducted from their deposit. Unless you have in your lease agreement written in a certain way where you indicate that a certain amount of property damage will be paid upfront by the tenant occupying the premises...

I’m a strong advocate when it comes to THA section 8 participants and I always encourage them. At the moment, THA is granting in most zip codes within (Hillsborough, Pinellas, Polk, and Pasco counties) a higher than avg. rental rates, which in terms are great for an investor looking to generate a higher cash flow.

In my humble opinion, section 8 has tremendous value in growing your investment portfolios FAST, I’m an investor myself and section 8 was paying when other landlords suffer throughout the pandemic.

If you looking to grow your portfolio and make the highest possible profits you will need a knowledgeable, reputable, and experience property manager. Let’s connect!

Let's connect...

Congratulations! May I ask what concerns you may have? seems like you are already 50% completed with the purchasing process. I will advise just make sure all fees are disclosed and also that the lender approves that condominium community. The majority of banks need a certain ratio of ownership before making final approval with underwriting. 

It's been a while since my last post...

I know I should've done this sooner than later, but here we are. I'm selling my investment (I need the capital for a future project). 

I took the challenge to go ahead and advertise it under the FHA financing guidelines, knowing that this property would need some extensive work. But all in all, the FHA pool is greater at the moment; if you keep that in the back of your head, this can be something where you can advertise the SELLER is willing to grant incentives to the future buyer. 17 days later!

Today was the day they conducted the inspection. I planted the seed for these future buyers, telling them what would come up on the inspection, so they were not surprised. My construction experience allowed me to set the picture for the future buyer where they were not nervous and understood the hurdles ahead. 

To the extent that when the inspector spoke to them and broke down all the items that needed work, they went and said don't worry about it the seller informed me what exactly the outcomes were going to be. Now I'm in the process of getting estimates to fix those items. The biggest ticket item will be the roof; I will give the incentive to the buyers at closing from the proceeds of the sale. (I will pay for the cost of fixing every item at closing no out-of-pocket expensive upfront) 

So basically, what I am trying to express, is, at any given time that you are selling a property, do not limit yourself to certain types of loan procedures because, in the long run, it will only hurt a seller's process is selling it. I will report back on the final outcome; I'm about 80% through the process. 

If any of you have any feedback, I would genuinely appreciate it. 

To whom it my concern:

I’m interested in networking with individuals that are looking to expand there portfolio's,  I have worked in Government, Private, Merchandising, Construction, Real Estate sectors and have numerous hours and training. To help you learn more about my track record please proceed to message me, let's talk about how I can help you Purchase Real Estate at the rock bottom price and then move forward taking about how I can help you, as a absentee owner.