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He's not doing this for me. You have to QUALIFY. You need at least a 700+ score. You need 2 months reserve. And you need gainful employment. So again, he's not doing anything for me. He has 11 different builders that rent office space from him. These builders want to get rid of the homes that they already built so they can build more.

I found a guy (investor/builder) who will do the following:

You pick any deals that you want to invest in. As many as your credit will allow. He would get them ALL rented out for you, but you may choose when to sell them. The Title Company will give you $13,000 @ close to cover ANY shortfall in rental income vs. mortgage pymt.

When you do decide to sell them off, you would get aprox. 20% RETURN (of course this will depend on WHEN you sell....nobody has a crystal ball).

No Money out of YOUR pocket.

We repeat this next year.

Here are some Q & A's that I already asked this investor/builder:

What are the qaulifications?
You need a 700 credit score or higher but this builder has an in-house credit solution company. Trust me, I already know what you're thinking....cuz I thought the same thing.

Who pays the closing costs?
The builder pays ALL closing costs

What about the taxes & insurance?
The taxes & insurance are already incorporated into these transactions.

Can I put these deals in a Trust?
Yes

Once I do sell them, who can claim the tax?
You (the new buyer) can claim ALL taxes.

Can I quick claim them into my company so my company may claim reasonable business deductions?
Again....yes.

How much will this investor/builder be putting into escrow to cover the rent vs. PITI every month?
$13,000 ~ This is to be paid by the Title Company at the CLOSE. This is also $13,000 PER DEAL.

Will this money be placed at the beginning of the contract or at the close?
At Close.

Will there be separate accounts for each property?
Yes. With 3 seperate closings at 100% financing...remember, your good credit will qaulify you.

What prevents this investor/builder from taking the funds out of escrow and using them for his other uses?
The Title Company prevents this. They are in TOTAL CONTROL.

Let me know if this sounds like something you could learn more about.

Call/Email me anytime. Thanks!

Jeff Rabedeau

305 SE 32nd St, Cape Coral, FL 33904Asking: $362,000
Incredible 100' Wide canal with sea wall and dock Gulf access canal view! 305 SE 32nd St , Cape Coral , FL 33904 - 15 minutes and one bridge to river located around the corner from San Carlos Basin . 3 bedroom, 2.5 bathroom pool home with 2 car garage This home is one of a kind. balcony out of master bed room over looking pool, Formal living room, dining room, and incredible family room with high vaulted ceilings, fireplace and wet bar. Unique split level design creates open space and impressive grandeur. Eat-in dome kitchen with breakfast bar overlooks the in-ground pool, as well as the canal. Master bathroom features separate tub and shower and dual sinks. All assessments paid! Zillow $527,415. CALL JEFF @: 239.699.9668

1809 Everest Parkway, Cape Coral, Fl 33904Asking: $352,000
Sail boat access/No Rehab Needed 3 bed 2 ½ bath with new roof ac unit air handler and 6 person hot tub. Extraordinary landscape with large lanai to enjoy. All assessments are paid in full with a newer sprinkle system. Sea wall and dock are in with only seconds to the river with no bridges to go under.
This home needs no work/ ready to move in and has a fenced in rear yard. We feel this should easily appraise over $500,000. CALL JEFF @: 239.699.9668

“I’m an Investor, NOT a Realtor. If you have any questions, please contact me.”

Keep In Mind: ALL deals are on an Assignable Contract. We ask for our Assignment Fee up front. However, we will help you with this. Call me for the assignment details!! 239.699.9668 or [email protected]

PROPERTIES FOR SALE:

314 Balboa Ave, Ft Myers, FL 33905
Cashflow! – 3/2 rented for $1300 a month. - Investor did a complete rehab on this on from the floor up. It is a small 3/2 about a block from the river. It is currently leased at $1,300 per month with 11 months left on the lease. Your price only $117,000 that price includes a $2,000 assignment fee. CALL JEFF @: 239.699.9668.

305 SE 32nd St, Cape Coral, FL 33904
Asking: $362,000
Incredible 100' Wide canal with sea wall and dock Gulf access canal view! 305 SE 32nd St , Cape Coral , FL 33904 - 15 minutes and one bridge to river located around the corner from San Carlos Basin . 3 bedroom, 2.5 bathroom pool home with 2 car garage This home is one of a kind. balcony out of master bed room over looking pool, Formal living room, dining room, and incredible family room with high vaulted ceilings, fireplace and wet bar. Unique split level design creates open space and impressive grandeur. Eat-in dome kitchen with breakfast bar overlooks the in-ground pool, as well as the canal. Master bathroom features separate tub and shower and dual sinks. All assessments paid! Zillow $527,415. CALL JEFF @: 239.699.9668

1809 Everest Parkway, Cape Coral, Fl 33904
Asking: $352,000
Sail boat access/No Rehab Needed 3 bed 2 ½ bath with new roof ac unit air handler and 6 person hot tub. Extraordinary landscape with large lanai to enjoy. All assessments are paid in full with a newer sprinkle system. Sea wall and dock are in with only seconds to the river with no bridges to go under. This home needs no work/ ready to move in and has a fenced in rear yard. We feel this should easily appraise over $500,000. CALL JEFF @: 239.699.9668

412 SE 13th Place, Cape Coral, FL 33990
You’re price: $210,000
www.zillow.com: $ 297,832
Freshwater House - All Assessments Paid, Move-In Condition
This is a 2002 home that has 1,424 sq ft under. New yard and sprinkler system installed this year. Huge screened in area facing canal sea wall and dock is in. Ceiling fans throughout the home. This is a 2 bed 2 bath home, but don't be fooled the house is big. All appliances stay including microwave self-cleaning oven washer dryer, ice maker in fridge. Surround sound is wired throughout house. Water access includes all the major lakes. Shamrock Lake, Saratoga Lake, and Lake Kennedy. This house should appraise 300,000. CALL JEFF@: 239.699.9668

1010/ 1012 NE 8th place 33909
Fully Rented Duplex - Cape Coral, Fl and Corner lot! No rehab needed at all! 1985 2 bed 1 bath 850 sq ft per side under air. Fully updated in excellent condition exterior freshly painted. Each unit being rented for $800.00 per month, tenants pay all utilities. Central air, all newer AC units. There are no assessments on this duplex and not expected for many years (2010-2014). To build this same duplex you would pay about $360k replacement cost. We estimate appraisal of $320k+. You’re Price: $230,000. CALL JEFF @: 239.699.9668

1028/ 1030 NE 8th place 33909
Fully Rented Duplex - Cape Coral, Fl - No rehab needed at all! Just down the street from our other duplex - This is exactly the same as 1010/12 NE 8th Place, all the way down to the exterior paint. Each unit being rented for $800.00 per month, tenants pay all utilities. Central air, all newer AC units. There are no assessments on this duplex and not expected for many years (2010-2014). To build this same duplex you would pay about $360k replacement cost. We estimate appraisal of $310K. You’re Price: $228,000. CALL JEFF @: 239.699.9668

2757 Winona Dr, North Fort Myers, FL 33917
Major Fixer Upper – North Ft Myers 3/1 –
Nice neighborhood, needs a lot of work, your price only $91,000. CALL JEFF @: 239.699.9668

9801 Quail Hollow Rd, N Ft Myers, FL 33917
Asking $206,000
5 Acres in North Ft Myers, 9801 Quail Hollow Rd, N Ft Myers, FL 33917 - Fenced with Hot wire up for horses, 2 paddocks both with Roof over area’s for horses or pets to get out of the weather, stalls one each attached to the paddock areas. Barn with 4 possibly 5 stalls (also extra storage area in barn,) riding arena that has screenings in it for safe riding, paddocks also have screenings and have been raised to stay dry. 1993 Mobile home on property, Pond in back pasture. Pastures are split into two, raised septic, 4 inch well. Out door detached porch or storage area. Also small tack room outside one of the paddocks. Your price only $206,000. CALL JEFF @ 239.699.9668

27058 Allan St Bonita Springs, fl 34135
Your price only $138,000
www.Zillow.com: $220,159
Recent Sales within last 3 months at: $260,000
3/2 1,317 sq ft. / CBS / Built 1974. Property has settlement issue with carport and master bedroom, waiting on estimate, we suspect under $25K. House has a lot of potential and is in a great neighborhood!! CALL JEFF @ 239.699.9668

Thanks & have a great day! :D

I could use some direction on a lead that I found.

Here's the situation:

Got a call from a seller that just recently got a divorce. She moved out of State but he still lives in this house for sale. It is NOT listed with a Realtor. And she DOES have the power to sell. He has missed the last two PITI's but is spending the $$$ to rehab it. So, its obvious that he has emotion wrapped up into this home. The seller (the wife) brought a few Realtors through the home (without her there); while he was there. Her intention was NOT to list it with one of them but rather to see how he would respond. The Realtors that walked through the home, told the seller (her) that he was nice to them. I have been in contact with her and she verbally agreed to my offer......I haven't spoke with her ex.....yet.

Any pointer would be wondeful!

Thanks.

When I call on FSBO's or better yet, when they call me......instead of wasting my time....and the potential sellers time too, I ask ONE simple question:

Mr. or Mrs. Seller, on a scale of 1 - 10 (ten being the highest), how motivated are you?

If they answer with an 8 or below.....I simply will not work with them.

It's direct & to the point but......you have to be in this biz! :wink:

I would start assigning contracts. This means, playing the middle man on ALL deals. You find a deal, put it under contract, then you simply market that deal, and when you bring in a new end-buyer.....collect you're assignment fee.....then move onto the next great deal. The key here is to MARKET, MARKET, MARKET. Real Estate is a business......you should be ran like one.

Hope this helps............

I would definatly use the $$$ to invest in income producing real estate. Are you planning on doing any investing out-of-state.?

Jeff here. Was born on Michigan but raised in sunny Southwest Florida. Cape Coral, FL to be exact.

Thanks......and if anyone else has any questions, my line is always open. Remember, communication is KEY in this business. If you have a question, or are doubting a certain technique.....ASK! I have been involved in real estate for the past 5 years.....and counting. BUT ~~ In no way am I a so called "guru." I am constantly learning this business as well. But, I do find that when I teach, I learn as well so......if you do call/email me with some questions, you'll be helping me out as well. It's a good working relationship.

Jeff

And YES.....my info is always FREE!! :D