All Forum Posts by: Michael Valerio

I've experienced that some agents who work short sales are fine with allowing the contract to be assignable.  However, the banks typically are not.  You may need to simultaneously close it, which of course, you'll need your own funds to close the front side.  Also, find out if the bank is B of A.  There is a deed restriction on their short sales that will not allow transfer of title for 60 days... It can be worked, but it will not be the simplest transaction.

Hi there Adam.  I know a really good real estate attorney on Central in St. Pete.  He can assist you with entity formation as well.  His name is Matthew B. Sullivan.  Message me for his phone number and email address. The BP rules prohibit posting contact info outside of the marketplace.

Good Luck!

The Beach REIA is another good one to go to. They just switched to the 3rd Tuesday of every month. It is at Hooters on Mad Beach. Good group of people.

Last undeveloped lot in the harbor hills subdivision of Largo.  Lot has 175 ft of water frontage and already has a nice dock in place.  Call to see.  There is no street number to provide as this lot has never been developed.  Comps that have been developed are around 2500-3500 sqft and typically have 4 beds and 3 baths...

Welcome! Let me know if you ever need any help with wholesaling.  I'm all for people becoming successful in this market.  What areas are you focusing on?

Sell the lot!  If that's what builders and investors are paying in the area.. .should be an easy resolve.  Building a new structure will set you back a year.. and a ton of headaches if you aren't prepared for the long haul and all that comes with city, code, permitting, construction... etc etc etc etc etc.... BTW, I might be your buyer, but  that's for a different chat room on BP :)

Thanks for sharing this. Very useful!

There are 2 trains of thought with this age old debate.  The decision comes down to the type of person you are.  

1.  Hands on learner-  Instead of spending $20k-$50k for a seminar to learn how to invest in real estate, you use that money to buy a deal and learn as you invest.  The obvious pros are that you generally will return some sort of a profit or at least break even.  Even if your endeavor comes at a loss, you will have learned some "to-do's" and "not-to-do's" along the way first hand.  The cons are having to figure out on your own how to find leverage (if needed), where to find skilled laborers for your rehab, and a good agent to assist in your exit strategy. 

2.  Getting an education-  You will have some insight and "potentially" some advice after the seminar or course is complete.  You may also have some local referrals to assist you in your rehab and exit. The con would be having spent money and still be pretty much at square one without having actually done an investment. 

There are definitely values in each... it boils down to the person I guess.  Good luck with your investing expedition!

I'll PM you to discuss how we can work together! Thanks for shouting out.

ok... Cool.  So how do I get access to them as they become available?