All Forum Posts by: Jason M.

So, the inspection results indicate that a complete teardown is necessary for the property. The roof, floor, and electrical systems all need to be replaced. There is water damage in the main room caused by water leaking through the ceiling. During the inspection, the inspector even called to inquire why the water wasn't turned on and mentioned that he couldn't stay in the house for too long due to the unpleasant odor. It appears that squatters or homeless individuals may have been staying in the house for some time. It's disheartening to see these old Mediterranean-style homes go to waste like this.

I'm unsure about my next steps at the moment. Despite the issues, I'm interested in the property due to its proximity to downtown, the beach, and Peanut Island. However, it seems that its value lies primarily in the land it occupies. =(

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That does make more sense, simply asking for the seller to contribute X amount to the closing cost, is much easier to word than explaining to him the process of buying a point. 

Thank for the reply,
My inspection is on Wednesday day 6 of our 10 day contingency. My plan was once I received the inspection to saying something along the lines of, based on the unforeseen conditions I would like a price reduction or pay for a point at closing. if unable to I would have to walk away from the purchase. 

Yesterday, the seller countered my offer of 20k off the asking price with only 10k off and kept the contingency for the home inspection, 10 days, and home appraisal. I obviously accepted and scheduled the home inspection.  BIG difference compared to last year. 

My question is how and when should I try to negotiate the seller paying for a point at closing???

this is perfect, is there a on line group i can join? I am an out of state investor in the Palm Beach area 

thank you so much. That's a great idea and great advice moving forward. I'll try to find out where I can see that information now. 

Hello fam!!!! I know the location says Fort Lauderdale but they didn't have an option for West Palm Beach. This was the closest. A lot of my indicators are pointing at West Palm Beach for great long-term growth potential, my question is anyone familiar with Northwood, and if so, what are your thoughts?

A little background and my plan.  I'm trying to do a house hack, purchase and hold it as a primary residence 5% down for one year while I rehab, and then look into short to mid-term rentals. 

any input is much appreciated it

came across a very unique property. However, the seller only wants cash or a renovation loan. Spoke with my lender and was given the idea to close in an entity then “sell” the property back to yourself.

Curious if anybody has any experience doing this? Is certain things I should look out for Taxes for ex

I can understand that, I grew up in Miami. I always felt I was priced out of my community. So it sounds like you’re agreeing with Zillow estimation of Tampa. Any areas in particular ?

Hello bigger pocket family! 

Interested in everyone’s thoughts on Zillow top 10 city’s for 2022. Especially Tampa winning the number one spot 

1. Tampa, Fla.
2. Jacksonville, Fla.
3. Raleigh, N.C.
4. San Antonio, Texas
5. Charlotte, N.C.
6. Nashville, Tenn.
7. Atlanta, Ga.
8. Phoenix, Ariz.
9. Orlando, Fla.
10. Austin, Texas