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All Forum Posts by: Neil Herzog

Neil Herzog has started 4 posts and replied 7 times.

Post: Did I stumble on a deal - Aventura FL area

Neil HerzogPosted
  • Aventura , FL
  • Posts 7
  • Votes 0

Thanks Charles

With this property she doesn't need much. If she lists it with a realtor as is, chances are it will sell at 350k immediately.

Post: Did I stumble on a deal - Aventura FL area

Neil HerzogPosted
  • Aventura , FL
  • Posts 7
  • Votes 0

My next door neighbor's husband died.

She is selling her home for 275K, it is not listed and I am pretty much the only one who knows about. The cheapest house in the neighborhood is now listed at 435K and it is smaller and a knockdown. The area is very desirable as well. The way I see it is this, the house could be bought for 275k and cleaned and painted and immediately relisted for 350k, or 75k can be sunk into to and the relist price is probably closer to 465K.

I am brand new at this and do not have the funds to do this deal by myself. I thought about getting it under contract and wholesaling it.

Looking for thoughts from the experts.

Please go easy as I am very wet behind the ears.

Post: Just getting started - Day 1

Neil HerzogPosted
  • Aventura , FL
  • Posts 7
  • Votes 0

Hello everyone,

I have been lurking for quite some time. Brand new to this.

Live in Aventura FL, looking to buy and rent in the north miami / south broward area.

I have around 30k liquid right now which does not buy me much. Looking for guidance / mentors.

Thanks for letting me into your world.

Adding some pics for everyone, their are 4 other deals with similar terms I can do as well.

http://i734.photobucket.com/albums/ww348/berg7896/IMG_0896.jpg

http://i734.photobucket.com/albums/ww348/berg7896/IMG_0895.jpg

http://i734.photobucket.com/albums/ww348/berg7896/IMG_0894.jpg

http://i734.photobucket.com/albums/ww348/berg7896/IMG_0893.jpg

http://i734.photobucket.com/albums/ww348/berg7896/IMG_0892.jpg

http://i734.photobucket.com/albums/ww348/berg7896/IMG_0891.jpg

1/1 MH

Lot rent 525

My price 2K

Target Sale Price 4K 500 Down

The beauty of this deal is the owner is willing to "float me" the home. Meaning I don't purchase the MH until I have it sold.

I have several interested parties coming to see it this week.

I need help with Logistics, if I do have a sale what are my next steps.

I have read Lonnie's book and have a good idea of what to do, but would love to some help from the experts.

One other notes, i have am looking to sell for 4k with 24-30 months payments. For the 30 month plan i would like to get a monthly payment of 141.66. How do I back that out with an interest rate attached?

Thanks in advance guys!

Neil
berg7896@gmail.com

Post: Looking to begin buying and selling MH's

Neil HerzogPosted
  • Aventura , FL
  • Posts 7
  • Votes 0

John thanks for the feedback.

I am interested in mainly MHs but would consider both options.

Do you have an IM account

Thanks
Neil

Post: Looking to begin buying and selling MH's

Neil HerzogPosted
  • Aventura , FL
  • Posts 7
  • Votes 0

Hello,

I wanted to first let everyone know how much I have learned over the past couple of weeks just from reading. You guys here a really providing a tremendous service!

I am looking to put together a portfolio of mobile homes, I would love a mentor

I am not adverse to including someone who teaches me the ins and outs in my profits.

I am located in Hallandale Beach FL, zip code is 33009, about 1 mile north of miami and 5 south of ft lauderdale.

We have a ton of MH parks in the area, and as most you know Florida has been hit very hard.

Please let me know if anyone would like to help join me on my new venture

Thanks!
Neil