All Forum Posts by: Benjamin Pekarek

Dan,

Happy to help in Tampa/St. Pete.

-Ben

No money down on a regular basis doesn't exist. Every now and then you'll find a seller in preforeclosure, or with a vacant unit that needs obscene amounts of work, or SOMETHING that gives them an incentive to sign the property over to you. But on the whole, no money down is this mystical magical fairy that gurus pull out at their $199 get rich quick scheme crash courses.

Gotta get those keywords in : Sarasota, Florida, duplex, bank, lender, foreclosure

I refinanced a property through Civic Financial in November of last year. Six months of payments were escrowed at closing, making the first payment due July 1st. The payment was never debited from my account like I was told it was supposed to. I reached out to the mortgage servicer, BSI, but no one had any knowledge of my account. I contacted Civic and was given contact information for a BSI rep, I left multiple voicemails, but never received a return call. August 1st came and went, and I received a notice of acceleration of balance both at my mailing address, and a certified letter at the property (THANK GOD I was on site when the mail came doing some landscaping) I was FINALLY able to get a supervisor that pulled my account, and stated that Civic was unwilling to work with me, and that foreclosure action would begin unless payment in full was made. Only problem, I had a tenant who'd seen me get that demand letter (Just my luck), said that since I wasn't paying my mortgage she didn't owe me her rent, and then vacated after trashing her unit - I used my reserves, plus a portion of what I had set aside for my mortgage to get the unit rent ready.

Has anyone else had any experiences like this with Civic and/or BSI where they are totally unwilling to work with real world circumstances? I assumed that they'd rather work with me and get their interest, than foreclose; but I've attempted to speak directly with Civic, and gotten no response, and BSI has essentially told me to prepare for foreclosure.

Any advice or experiences would be greatly appreciated - I'm hoping someone can give me a way to keep this property, get the lender happy again, and keep on trekking.

-Ben

Luke,

Let's have a chat. I specialize in multi family, and managed Rockledge Villas on S. Fiske prior to the ownership change (new owners decided to go with on site management). Very familiar with Brevard, and service the full state of Florida.

-Ben

Hello Stephen!

We manage investment property throughout the state of Florida. I'd be happy to discuss our fee structure with you and see if we're a good fit for your needs.

-Ben

Carys, 

We charge 10% of gross collected, and $350 for tenant procurement. Check the legal jargon, and go with the best reviewee, and most streamlined commissioned brokerage. A lot of these guys offering flat fee nickel and dime you to death.

-Ben

We have 1099 in house maintenance, and manage portfolios in excess of 100 units for 5% of collected with no minimums.

-Ben

Interior photos?

There is no "quickly" when it comes to evictions. Send your eight day notice (3 days plus 5 days for mail service), and send it to your attorney's office. Haven't had to evict in Miami in a VEEEEERY long time, but I use Heist/Weisse (Evict.com) out of Ft. Myers, and James I Barron III (Liz Calder is his paralegal out of Orlando for my evictions.

-Ben