All Forum Posts by: Jacob Johnson

A piece of large commercial land in Pasco County I am looking to acquire is for sale at 1.5 MM. For the business I am in it is worth that for me. The property was last sold in 2001 for 290K and the tax assessment of the property is at 55K thus the real estate taxes are very low. I believe the reason that its assessed at 55k is due to the fact that on the property appraiser website most of the property is listed as low - lands. If I acquire this for 1.5 MM, would the tax assessment jump? Do I need to do some "strategical structuring" of the sale such that the sale price will be lower?

If a piece of land is listed as mostly low lands - would you be able to construct on it?

I have a mortgage in my sdira. I am interested in having my sdira take a loan from a bank with the mortgage as collateral. Is this allowed ?

I am trying to do an owner occupied loan in the state of Florida and I understand that it has to comply with all the Dodd-Frank regulations. I guess there are mortgage brokers that do that?

I need to get force placed insurance on a borrower of mine but cannot find an insurance company that does that. I am in Florida. Any ideas?

I would like to buy the mortgage on a property near me that has had trouble paying on their mortgage at a small bank. How is the way to go about that?

Hi Ryan - flix and flips is definetly a market that will be coming back into Tampa after the COVID-19 passes. I would suggest talking directly to hard money lenders and not work thru brokers - less fees to you upfront. I have worked with a few in the Tampa, Florida area. Feel free to reach out to me to talk!

You can check online on Facebook and craigslists. I suggest not working with a broker if not owner occupied and working directly with a lender.

I read that a small mortgage servicer is defined as under 5000 mortgages. Do they not need to be licensed?

I am getting pushback from counties in Florida and Georgia to proceed on foreclosure of business loans. I was under the impression that the mortgages that would be held up are federal backed and owner occupied? Any insight?