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All Forum Posts by: David Dey

David Dey has started 8 posts and replied 332 times.

Post: Virtual Assistants

David DeyPosted
  • Investor
  • Lakeland, FL
  • Posts 344
  • Votes 603

Upwork.com is who I use.

Elance.com is also good.

And if you wanna try before you buy, believe it or not fiverr.com is not a bad place to find VA's.

Post: New Member from Florida

David DeyPosted
  • Investor
  • Lakeland, FL
  • Posts 344
  • Votes 603

welcome to BP

Post: How to find duplex or multifamily homes

David DeyPosted
  • Investor
  • Lakeland, FL
  • Posts 344
  • Votes 603

@Dominic Jones I will definitely agree with you that not all county sites are created equal.  However, the counties still have all that info.  As I mentioned in my post, you may actually have to go in person to your local assessor/ appraiser's office to get the list but it is definitely worth it.

You are absolutely right that it can be very time consuming but no one said that this business was easy.  In fact, that's why this approach has brought me such good success, because most "investors" will not go this far to get a great deal.  

One thing that one could do to resolve the issue of dealing with the monotonous work is to hire a VA to do the research for you, though I do recommend you doing 50-100 yourself so you understand what is being done. (Kind of like I recommend that you work on your own rehab first to get an understanding of what is happening, if only not to get screwed by your contractors)

Dom, You definitely have a higher understanding of public records than most.  So kudos to you!!  

Hook up with me on PM sometime and we will chat.  I may be able to share additional ways for you to profit from your knowledge that you haven't thought of.

Post: Am I the Only One NOT Watching the Game?

David DeyPosted
  • Investor
  • Lakeland, FL
  • Posts 344
  • Votes 603

Not only did I watch the game but I made a huge deal out of it!!  I set up a section at the local sports bar/ restaurant that had a SB special $65 all u can eat (full menu) and all you can drink (full bar) bought and paid for, then invited my entire real estate team ( contractor, Atty, prop manager, territory managers,to join me in cheering on my team, the Denver Broncos (or as I like to call them, the Denver Manning's) on to victory.

Not only did we have an absolute blast, but it was a great team builder and a write off to boot.

Post: How to find duplex or multifamily homes

David DeyPosted
  • Investor
  • Lakeland, FL
  • Posts 344
  • Votes 603
Originally posted by @Chris Sukala:

Justin Dixon I have found realtor.com is the most up to date with properties pending. My realtor even said that. However I can be on one site and properties wouldn't be there but others it would. I personally like Zillow better wife like truila.

David Dey about assessor office once you find them do you direct mail them or how do you know they are for sale?

 That's the beauty of dealing with duplexes and multifamily property, and why I specifically use this strategy for 2-10 unit properties.

I don't care if you bought a duplex as a standard investor or you decided to buy one and live in one side and rent out the other.  Either way you had one thing in mind, cash flow!!  That puts you into a category called investor.  And investors have one thing in common.  As opposed to single family houses that can be mired in emotional entanglements, everything's for sale for the right price.

I actually skip the people on the list and call them up with a very simple elevator pitch.

"I'm an investor in "blank" city (where ever the property is) and own property in the area of your place on "123 abc st," I found out who owned it and was calling you to see if you've ever thought about selling the place."

In all the times I have made those calls, I have only ever got one harsh response.  All others responded with either no, yes, or how much.

You can always try a mailing campaign and will get similar results, (not necessarily in open rate) but in thought process from the person who owns the property.  I just feel that I get he most bang for my buck with the calls.

Hope this helps.

Post: How to find duplex or multifamily homes

David DeyPosted
  • Investor
  • Lakeland, FL
  • Posts 344
  • Votes 603
Originally posted by @Justin Dixon:

What are so good sites for me to search for duplex properties as well as multi family homes? I tried the zillow and sites like that but they don't have options for duplex only townhomes, condos, and sfh. Any suggests? Or have I been looking in the right place all along and just too busy over thinking and having brain farts?!?

 Actually, your county property appraiser/assessor is the absolute best place to look.  You may not have thought about it but they have a database of every property in that county.  

"Why?" You may ask. 

"To charge taxes of course."

The cool thing is though, since it is the government that has gathered this info, it is public record and you have a right to it.

My county in FL already has it available right on the website, however you may have to go to your assessor and ask for it in person.

In addition to having the database of properties, your county also has them categorized by property type as well.  Of course they couldn't charge the same tax rate for a single family property as they could for a strip mall, so they label each property with other like property.  My county calls these labels DOR use codes. (Department of revenue)  Your county may call them property use codes as well.

Depending on how you get your list (example: excel spreadsheet) you can make your own list by including your own filters, such as duplexes with out of state or out of county owners, duplexes with sales from oldest to newest which will give you high equity deals, etc. the sky's the limit with how you structure your list.

Hope this helps.

Post: How do I find out a bank's REO portfolio?

David DeyPosted
  • Investor
  • Lakeland, FL
  • Posts 344
  • Votes 603
Originally posted by @Matt Devincenzo:
Originally posted by @Ned Carey:

@David Dey that is not the case in MD. Often if the bank is the winning bidder at the courthouse steps they do not record their deed until the resell the house.

 Also not always the case in my part of FL (Sanford) I've seen several that were listed as REOs that didn't have the bank name on them....could be a delay in the recording info being updated, I'm not sure, but there were a couple like that.

 Ok, now here's where I draw the line with the craziness!!! Dogs marrying cats, sheep marrying wolves!!😜 

This I can tell you, I work in all the counties in FL, including Seminole. The county records the CT of sale at the court house steps after EVERY foreclosure. Now VA may have some craziness where the municipality sends the deed to them to record, (I can't even imagine that!! 😱>mind blown<) but I draw the line with FL!!

Now if you'll excuse me, I'm going back to watching my x-files marathon.  I think they have something about this coming up in the new season. 👽

Post: How do I find out a bank's REO portfolio?

David DeyPosted
  • Investor
  • Lakeland, FL
  • Posts 344
  • Votes 603
Originally posted by @Ned Carey:

@David Dey that is not the case in MD. Often if the bank is the winning bidder at the courthouse steps they do not record their deed until the resell the house.

Wow, my apologies!!  That is crazy that they do that there!!  That's like breaking the laws of gravity!!!... For public records.

Post: How do I find out a bank's REO portfolio?

David DeyPosted
  • Investor
  • Lakeland, FL
  • Posts 344
  • Votes 603
Originally posted by @Ned Carey:
Originally posted by @Jacob Casarez:

@Jacob Sampson good to know! Are the results all foreclosed properties when you look up your local banks?

 No, often banks go through foreclosure and do not record their deed until the property is resold. 

 Ned 

If you look in the clerk of court's/register of deeds records, you will ALWAYS find the deed recorded as it is the county that files the CT (certificate of title) to the winning bidder at the courthouse sale.

The only time the bank has any option not to record a deed when they take a property back is if it was taken via "deed in lieu."