All Forum Posts by: Tim Czarkowski

That's how I handled it when I took on investors for flipping. They put up all the money and I did everything else and we split the profits 50/50.

I've received nothing from the federal government but the city of Jacksonville cut me a check for 5k for one tenant that covered all back rent and some going forward.

@Cassie Wright, Jr.

Pp means purchase price. What I usually do is clean up the exterior and update the units as they come up.

As far as books the stuff for sale on here is quite good, I'd also recommend the books by John T Reed, and Keller Williams has a few books that are decent too. Definitely spend some time on here and participate. Join your local REIA but find one that isn't infested by guru bullcrap.

I've briefly considered it but then I'd just be looking for somewhere else to park that money and I don't see that being easy to accomplish right now. I'm in Florida however where the landlord tenant laws are some of the best in the country. If I was in New Jersey or California I personally would seriously consider exchanging into somewhere with more favorable laws.

Wow, looks like a great deal. I'm definitely interested to see how the refinance goes.

I had someone send an obviously fake certificate for an"Emotional Support Animal" and of course it was for a pit bull. In fact my assistant found the website selling the exact one for $35. What am I legally allowed to do? I approved someone who had applied before her but if she met all my other requirements, what would I be able to do I? I understand airlines now require a letter from a therapist, proof of some kind of training, and they have to be able to call the therapist office and confirm that the letter is real. Am I allowed to do all that?  Anything else I can do?

I've even seen other websites offering basically all of that... I allow dogs in all my apartments but of course not the breeds excluded by my insurance. What happens if a dog that is disallowed from my insurance is a "Emotional Support Animal" and then attacks someone? Am I covered?

I'm pretty sure it's tax free but your statement says it all. This is what I would like to do but on a much smaller scale. It has worked great in the four unit realm but I'd like to move up to medium size apartments. Almost bought a 6 unit building at auction that needed to be gutted to the studs but I feel I was too conservative. There are always more but I'm still disappointed though.  I'd rather get nothing than a loser but it still hurts. 

I don't know anything about the process in California but yes that's how it would be done here in Florida. Basically bid at auction, get title, file eviction, take possession, and then sell. 

Just be sure that there really is no first mortgage. Did you have a title agent familiar with the auctions check the title out? You really don't want to make that mistake, trust me, I know. A good title agent is very important when bidding at these auctions. 

Good luck,  hopefully the title is clean and it's slipped below everyone else's radar and you'll be able to clean up. Those two were the easiest money I made and helped propel me to serious house flipping  :) 

I personally would love to see the shipyards finally developed. However that seems unlikely given the scope of the project. It seems more likely that several smaller projects will be completed and then if they're successful we could see something like this. I live in Riverside and it would be great if downtown had as much going on as here or Avondale. 

There are 600 residential units and some commercial space along Riverside Ave in Brooklyn that are nearing completion. They are apparently selling/renting well because they are already planning on building more. All of this will bring a lot of people on the doorstep of downtown and then maybe we'll have something going on after business hours. There are plans to develop the Laura St Trio also but this is probably the fifth plan in as many years, so we'll see. 

I wouldn't base my current investments on a project  that may or may not be completed years from now. Jacksonville will continue to grow either way and that's good enough for me. If you were interested in investing in downtown it would be a different story but right now that's going to be high risk. 

I wouldn't consider buying any residential units they would be selling unless I was going to be living in it. You'd be paying full retail and have no cash flow. It would be a straight appreciation play, not my thing personally. 

I don't think the project brings much if any risk for small investors. And as  far as the city is concerned if it was tried and failed it might set back the redevelopment of downtown, but what else is new?