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All Forum Posts by: Cathy M.

Cathy M. has started 7 posts and replied 15 times.

Post: Investor from Gulf Coast Florida

Cathy M.Posted
  • Real Estate Investor
  • Sarasota, FL
  • Posts 15
  • Votes 2

Hi All - Have been on here awhile, but just committed to the Pro membership.  Really enjoy and learn a lot from the podcasts and looking forward to sharing more with everyone here.

Cathy & Nigel

Post: Looking to buy distressed properties in SARASOTA, Florida.

Cathy M.Posted
  • Real Estate Investor
  • Sarasota, FL
  • Posts 15
  • Votes 2

Hi Everyone,

We have just joined Bigger Pockets and wanted to introduce ourselves to the real estate community.

We are local real estate investors living in Sarasota, Florida and our company Red Phoenix Investments has been in business just over 2 years now.

We are always looking to do distressed property deals with local wholesalers , investors, Landlords or property owners.

We typically buy 3 bedroom 2 bathroom Single Family Homes in Sarasota, Florida from $50,000 up to $250,000 cash.

Please email us at [email protected] if you have any property deals in Sarasota that you think we would be interested in.

Lastly we are also venturing out into buying notes so if you have any for sale then please let us know.

We look forward to doing business with you in the future.

Nigel & Cathy Miles 

Post: SARASOTA REAL ESTATE Forum

Cathy M.Posted
  • Real Estate Investor
  • Sarasota, FL
  • Posts 15
  • Votes 2

Hi Everyone,

We have just joined bigger pockets and wanted to introduce ourselves to the real estate community. 

We are local real estate investors living in Sarasota, Florida and our company Red Phoenix Investments has been in business just over 2 years now. 

We are always looking to do distressed property deals with local wholesalers , investors, Landlords or property owners. 

We typically buy 3 bedroom 2 bathroom Single Family Homes in Sarasota, Florida from $50,000 up to $250,000 cash.

Please email us at [email protected] if you have any property deals in Sarasota that you think we would be interested in.

Lastly we are also venturing out into buying notes so if you have any for sale then please let us know.

We look forward to doing business with you in the future.

Nigel & Cathy Miles 

Post: BUYING A OCCUPIED PROPERTY AT A TAX DEED SALE ... WHAT NEXT ?

Cathy M.Posted
  • Real Estate Investor
  • Sarasota, FL
  • Posts 15
  • Votes 2

Hi,

I am looking to buy a property for sale in a forthcoming Florida tax deed auction ( Manatee county ). I have bought several houses in Florida before at tax deed sales but they have all been unoccupied and I have taken possession that day after the sale and either requested a quiet title or waited 3 years for the title to become mine as no challenges to title were made.

The question I have is that the house I am looking to bid on at the tax deed auction is still occupied by the owners. 

The owners have been contesting a foreclosure for several years and this is still in effect.

If I am the highest bidder at the tax deed auction do I get immediate possession ?

Will the tax deed sale wipe out the mortgage ?

What strategies could I use if the owners refuse to move out ?

Note : I have considered using cash for keys in the first instance and failing that a quiet title search followed by an ejectment. 

Does anyone have any experience of carrying out an ejectment of the owners in Sarasota, Florida as to approximate costs and timescales if a ejectment is followed through.

Also do you have a good attorney that you can recommend to do this.

Many Thanks

Cathy

Post: Tax implications, setting up foreign private lender

Cathy M.Posted
  • Real Estate Investor
  • Sarasota, FL
  • Posts 15
  • Votes 2

Hi - We are in the process of purchasing US property to flip with a loan from private investors from the UK. We are paying an interest rate as opposed to a share in the profits. I was wondering if any of the tax/ legal gurus can point me in the right direction to make sure we are setting up the loans correctly and ensuring we and the investor is set up correctly. Thanks,