All Forum Posts by: Andrew Gavre

I am in the process of buying a commercial building in Savannah, Ga and know there is a lot of discussion around “climate change premiums” in relation to insurance.

What are you all seeing as the future of insurance in coastal cities? Blown out of proportion or a real concern?

1 Vote

Quote from @Shervin Golgiri:

I would first make sure to run a detail search on property. make sure you're talking to who the owner actually is. second, I check and see how much equity the homeowner has, and if there are any lien on the property. after you gather all that, then you can have an investor friendly agent help you with drafting a contract. so, you can have a contract in hand but also a Lien on the title, to make sure you're getting paid.

Are you a contractor as well or just funding the project?

Just funding the project, not a contractor thanks.

0 Votes

@V.G Jason can you elaborate on this sign off? Is it on the bottom of the agreement? Docusign or hand signature?

Ever have an agent blow you off or can they get in trouble for not presenting?

0 Votes

Quote from @Greg Scott:

With this approach, you are essentially taking on a distressed homeowner as a business partner. If you have any disagreement with your new business partner, they are in the driver's seat because they are the OWNER living in their HOME.

Do you really want to foreclose to force a sale? How well would someone accustomed to living in a dilapidated house maintain it during the sales process? The odds of losing money are much higher than the odds of making money.

Thanks for the reply. Maybe I should clarify I’m targeting these individuals as owners of multiple homes.

Maybe rentals that they want to get out of but haven’t rehabbed.

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I am targeting homeowners with dilapidated homes that need repair and offering to pay for the rehab and split the profits with them at the end of the project after the sale of the home.

Any idea what this would be called and how to structure it legally? I obviously would want to have control over the property and maybe a pre-determined purchase price?

Thanks in Advance!

0 Votes

I am targeting homeowners with dilapidated homes that need repair and offering to pay for the rehab and split the profits with them at the end of the project after the sale of the home.

Any idea what this would be called and how to structure it legally? I obviously would want to have control over the property and maybe a pre-determined purchase price?

Thanks in Advance!

0 Votes

All Forum Posts by: Andrew Gavre

Andrew Gavre has started 3 posts and replied 6 times.

Post: Future of insurance on coastal properties?

Post: Has Anyone Tried This Strategy?

Post: Don't Dismiss Investment Opportunities Listed on the MLS

Post: Has Anyone Tried This Strategy?

Post: Has Anyone Tried This Strategy?

Post: Has Anyone Tried This Strategy?