All Forum Posts by: Fabian G.

Hello Suzanne and Patrick, Smyrna is not out of scope. In fact I will be there next weekend.

Theresa, thanks for the offer. I will be in touch!

Thanks, JC. No, I have not screened the Jacksonville area. Good hint!

Hello Andrew, thank you for the feedback. I did not check the Tampa area yet but will do so!

Thank you for your answer! Yes, I looked in the area as well. At the moment mostly half-duplex units for sale.

Hello everyone,

Currently I try to get into multiplexes. However, I live in the Orlando area and I really have a hard time to find any. I guess Florida in general or Orlando specifically is not a good area to get multiplexes because they rarely exist.

Does anyone of you know good places in the greater Orlando are for multiplexes? If not, any good areas / cities going up the east coast?

Many thanks in advance, I appreciate any help.

I would be curious as well. Just went through the lease agreement process (without paying yet) and it looks ok to me. However, I am not a lawyer. The pricing seems to be a little bit off, they only have monthly subscriptions. Would be nice to pay per document. You can get a one week trial, get the document you need and then cancel the trial. 

Hello everyone,

I am currently in the process of buying a property in the greater Orlando area. It's a bank owned property and it's on the market for almost 90 days. After 45 days, the bank dropped the price from $144,900 to $139,000.

I offered $125,000. Then the bank countered with $136,500. Then I countered with $127,500 and the bank countered now with $134,900 but saying "Final offer".

Comparables are $13 more per sqft, the property does not need much work. Does anyone have experience with this kind of situations? Would it be a gamble to make one final counter offer or is it better to go with the "Final offer" from the bank?

So bottom line: Is the "Final offer" really final?

Thank you so much for your help and advice!

Thank you, Ryan. That is probably what I read in the forum as "house hacking". You get the low loan rates, move into the house for the minimum period, when fulfilled, you move on to the next house to secure the low rates.

Thank you so much for your help!

Hello everyone,

Currently I am looking for another investment property and I won't pay all of it in cash. I got a pre-approval from my bank and they asked during the pre-approval process if the loan is for an investment property.

Do I need to tell them that I get the loan for an investment property? How do they "check" if the property I buy is for investment? I could for example decide after a month of the sell to rent it out.

Obviously, the rates are not as good for an investment loan as they would be otherwise.

Thank you so much for your help!