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All Forum Posts by: Amie Perryman

Amie Perryman has started 3 posts and replied 13 times.

Post: Looking for hard money or partner in fix/flip

Amie PerrymanPosted
  • Real Estate Broker
  • Panama City, FL
  • Posts 15
  • Votes 10

Thanks Andrew - the property is not in my local area. But yes, I am exploring all of my contacts and any groups in that area. Throwing out this line as well, its a good deal but not everyone is ready to invest when the deal comes around! The property is located in my home town of Charleston, WV.

Post: Looking for hard money or partner in fix/flip

Amie PerrymanPosted
  • Real Estate Broker
  • Panama City, FL
  • Posts 15
  • Votes 10

I have a property identified for a fix and flip. Purchase price is $75k and reno estimated at $25k. Looking for about $90 in a loan or partner. The after reno value is estimated at $165k and current market value around $125k. It is a distressed sale with NO existing mortgage. Happy to pay a origination fee and interest or split the profit as appropriate. For more details, please message me!

Post: Positive cash flow day one! Waterfront with view condo in Florida

Amie PerrymanPosted
  • Real Estate Broker
  • Panama City, FL
  • Posts 15
  • Votes 10

I have this under contract for $130k; there is another one for sale asking $165k with a boat slip. Same layout. I haven't been in it to see about the updates/renovations.

I think conventional financing would work here, it is just not an FHA/VA approved condo.

352-209-0068

Post: Positive cash flow day one! Waterfront with view condo in Florida

Amie PerrymanPosted
  • Real Estate Broker
  • Panama City, FL
  • Posts 15
  • Votes 10

**HOA fees are $258/month and include designated parking spot, basic cable and outside maintenance (including pool). Dock slips are for sale separately but only condo owners can own one, so no outside boaters.

Post: Positive cash flow day one! Waterfront with view condo in Florida

Amie PerrymanPosted
  • Real Estate Broker
  • Panama City, FL
  • Posts 15
  • Votes 10

Spacious condo overlooking the lagoon with easy 5 minute access to Gulf. Southern view with great sunsets from this 2nd story balcony. Tenant pays all utilities and would like to stay. Owner is a FL licensed real estate agent. Quiet, well kept condo community with 60 units and long term (6 months or more) rentals only. Call or text for more details. 352-209-0068

Post: How to find a mortgage note

Amie PerrymanPosted
  • Real Estate Broker
  • Panama City, FL
  • Posts 15
  • Votes 10

Thank you!

Post: How to find a mortgage note

Amie PerrymanPosted
  • Real Estate Broker
  • Panama City, FL
  • Posts 15
  • Votes 10

I have a note for sale. I own a property that a client of mine financed. I want to get her principle back to her and need a bridge loan for the project. I am offering a straight 12% interest only note with a first mortgage (no other encumbrances) it is a condo on the water in Panama City Beach, valued at $130k and I am looking for $100k. 12 months would be ideal but 6 or 18 would be fine. Any interest or suggestions on where I might find an investor would be greatly appreciated!

Post: Virtual Assistant

Amie PerrymanPosted
  • Real Estate Broker
  • Panama City, FL
  • Posts 15
  • Votes 10

80/20 Rule. Spend 80% of your time doing what your top 20% best skills are. Find and hire someone else to do the rest and be sure they are BETTER than you at it! Easier said than done. I know. I do some virtual work. Transaction coordination, customer relationship management (CRM) set up, drip campaigns (including content writing), web design/management, lead management, PPC (google and facebook), In Florida I also have access to MLS and can write contracts. Soon to be licensed also in Ca. I have a MS in IT Project Management from BU and build websites as well.

Post: virtual assistant

Amie PerrymanPosted
  • Real Estate Broker
  • Panama City, FL
  • Posts 15
  • Votes 10

I do some virtual work. Transaction coordination, customer relationship management (CRM) set up, drip campaigns (including content writing), web design/management, lead management, PPC (google and facebook), In Florida I also have access to MLS and can write contracts. Soon to be licensed also in Ca. I have a MS in IT Project Management from BU and build websites as well.

Post: Buying a vacation rental

Amie PerrymanPosted
  • Real Estate Broker
  • Panama City, FL
  • Posts 15
  • Votes 10

Hi guys! I am a real estate broker in Panama City Beach. I have been a broker for 12 years and just recently moved here from the Tampa area BECAUSE the market here is one of the strongest in terms of growth in the state. 

We have a very unique market here in that they made the choice to not build hotels on the beach but condos. The vast majority of vacationers stay in condos. Many have been coming to the same one for generations. The condo market is unique and the vacation rental market is also unique. We have dozens of property management companies that will range in price from 10% to 30% and have as wide an array of occupancy/profit and quality of management. I believe you truly get what you pay for in this particular case so property management in each building is an important consideration. 

You cannot judge all 2/2 or 1/1's the same. Nor can you judge by price. Every building has it's attractiveness and it's drawbacks. 

The market here is growing very strong for the 3rd year in a row and it's anticipated that we will continue to hit double digit growth for the next several years. The Bay County area is very pro growth and has a plan in place to develop the area to increase year-round residents. Right now the vast majority of homes (including condos) are owned as second homes, vacation homes or by investors. We have recently built an international airport, it's small but has a runway that can accomodate the very largest air traffic in the world. FEDEX is building a 300 employee center by it and the Economic Development Association here is working hard to bring high paying jobs to this area. We have a strong military presence here (Navy Diver training, Navy Seals Academy, Tyndall Airforce  -top gun flight school) and our International Port is expanding though it's already the largest exporter of wood pellets to Europe and copper importing to the East Coast.

I mention all that to drive home the point that this area is becoming more and more of a destination attraction with amenities that were never here before. Baby boomers are a huge target market with over 145,000 homes being developed by one single developer that over the next few decades will provide housing for folks looking to get out of the cold but can't afford the more affluent areas of south Florida and west of us in Destin and Gulf Shores, AL.