All Forum Posts by: Daniel Dexter

I believe the county assessed numbers can be a far cry from what the actual value of the home is. Remember there is a difference between assessed value and appraised value....assessed being used only for tax basis. 

Even the current fair market value could be off if its listed by the county, they are not in the business of updating that information regularly.

I think your best bet would be to do you best to find your own comps and assign a value from there.

What is the property currently listed for? and is that listing by RE agent or other?

I haven't purchased anything through Auction.com but most of the properties I see listed on Zillow by Auction.com are really County auctions. Meaning I can just go to my county auction site and bid directly.... But being an aution that would mean paying all cash for the deal. No financing.

I'm not sure if submitting a bid on Auction.com forwards that bid to the county auction in real time or how that works.

That's all I know......anyone else have insight?

From everything I hear the "No money down" sounds more like no cash out of pocket.

Like you mentioned above, You would have to cash out refinance your existing properties to pay for the down payment on the next investment.  You still cough up the dough, its just in the form of equity.

As far as zero closing costs, the only option I see is to have them paid by seller.....like Jeff B. said these are fees paid to title companies and tax/ins holdings that are required.

Correct me if I am wrong, but that's what I have gathered.

Sam, 

Thanks for taking a look! The PITI listed below the annual debt service line just highlights the estimated monthly payments, it is not included in any other calculations. I should move it out of there though.

And thanks for the words of wisdom. I currently estimate new commercial buildings (mainly hospitals) but nothing residential. It is unreal how much costs seem to expand once construction starts, I assume it is the same situation here.

I mean your before purchase assumption of expenses and expected cash flow.

Here is my Example (what is outlined in red)   ....but I have not purchased anything yet and want to see if I am doing this right, and how close my estimations are.   

Post your pro-forma for the Tampa - Clearwater - St. Pete Area.

I want to see something real.... something you have made an offer on or something you already own!

@Nick C. @Dave Defourneaux    

Hey guys, sorry to flame an old post but I was hoping to get the names of the lenders you had mentioned here. 

 Is N. Tampa considered to be between W. Kennedy and W. Hillsborough? Or further North?

Is there any word on market rent for a 2/1 in the $110k purchase price range.

From what I see it looks to be $1200 to $1400... I am moving from out of state and would never pay that where I come from...does this sound  reasonable for South Tampa?

Hello All,

I live in Michigan and I just received my real estate sales person license earlier this year, since this is the end of a licensing cycle (2015) do I need to complete any continuing ed? 

I cant seem to find this information on the gov site (LARA) or anywhere on the web. I am hoping someone around here can help out a newbie.

Thanks!!