All Forum Posts by: Charlie DiLisio

Welcome Christina, I am looking in the Pt. St. Lucie area myself to move my operation up that way.  I do flips down south here around Lake Worth but the prices are out of sight.  Ft. Pierce is ok also but you have to be careful of some of the areas there.  I think the class c neighborhoods there have potential.  

Be wary of condo's in that price range if you intend to rent it out. The HOA usually has restrictions that don't allow renting or that delay when it is allowed. I assume you want to rent it out instead of house hacking due to the 1 bedroom thinking. If the numbers work and it cash flows it might be worth a look. Personally I don't do less than 2 bedroom units because most people want at least that. Let us know your thoughts and we will give our 2 cents opinion to you. All the best.

Got it, thanks Steve.  

SEO =  Seach Engine Optimization  google adwords , etc.  

Trying to follow your math here Steve.  2% of the 463000 is only 9260.  Am I missing something and I hadn't heard about that deal yet do you know who is doing it?  thanks and what terms would they be giving for the loan (short or long term?)

Are you planning on living in one of the units Monique? If so I'm surprised with your stats that no one is willing to finance the loan. Do you already have the property under contract? Without knowing more details hard to advise. Have you looked into community homebuyer programs as well. Homepath has good programs as well thru FHA.

Monique, have you looked into Home Path properties.  Not sure if you are going to home hack with the multi's and if you are you get first crack at the property if you will live in one of the units.  You can get into home path for 3 percent down and 10 percent for investor after owner occupied buyers get first crack at it.  Good luck.

Not too much that cash flows unless it needs lots of work.  I'm currently flipping and because I want it to need fix up helps.  Prices are really up there and I have been looking in Pt. St. Lucie for deals.  Buying for cash also thins out the herd.  Just my two cents.  

Due diligence lacking here.  Did you have your attorney review your contract?  I doubt it.  Good learning experience and I'm guessing you are living in the property?  I would advise you to show the contract to your attorney "yesterday" and find out exactly what you signed up for and make a plan to get on track or you will end up losing the money you have already spent.  I wish you well.  

Seeing what the group thinks about Cody Sperber?  Anyone have it or tried it?