All Forum Posts by: Jay G

......anyone....?lol

Does anyone have comments/suggestions on buying a foreclosure?

Also, what would be the best way to finance a distress house based on my current situation?

Danorton,
Thanks for the advice! That was exactly whatI was looking to hear.

A friend recommended buying a foreclosure. Once again, being a novice does seem like a suitable road? If so what are the advantages and disadvantage of buying foreclosures?

Thanks again Dan!

-Jay.

Here is the deal. Maybe I’m not being to clear on what I’m trying to accomplish.

I’m currently working full-time and running a business part-time, which my business is beginning to pick up drastically. I plan on transitioning into my business full-time, which within three year I will need to re-locate up state.

I would prefer to keep my capital liquid as possible 1.) So I can expand my company when needed. 2.) Because I’m also a trader.

I understand this is a complex question to ask because of how volatile the real-estate market is in Florida, but I would like to know what would be the best way for me to make a profit off my living quarters when I decided to move?

Does that mean I purchase a house or condo with a 5/1 ARM?

Just rent?

Or???

I’m not familiar with all of the financing programs please forgive me being such a novice.

(danorton) - Melbourne

All Cash,

The reason I was considering buying a home under the 5/1 ARM would be 1.) I don't need a huge down payment nor would I need to pay PMI (Which keeps my capital liquid) 2.) My intent is to stay in Florida for only 3-5 more years, so would it be irrational to buy a home and invest a huge lump sum when my intent is to leave in few years?

What would be your recommendation, renting?

Hi everyone,

I have a few general question in regards to purchasing a house or condo. I’m twenty four years of age, an avid entrepreneur, which means I don’t have a substantial amount of time to dedicate into my home (lawn maintenance, painting, etc). I also like to keep a majority of my capital liquid, due to future investments.

It is uncertain of how long I will stay in Florida, I’m estimating 3-4 years. I’m trying to determine what is the best way to approach this situation.

Should I A.) Buy home? Or B.)Buy a condo?

How should I finance? A.) Buy under interest only B.) 5/1 ARM? C.) ????

Sorry guys I’m a complete novice at this, I will greatly appreciate any information provided.

Thanks

-Jay.

Hi everyone,

A friend of mine is in dire need of your assistance. She is currently renting and apartment and done so for one year now, she just recently renewed her lease last month, due to the recent break in and other events that have taken place last week she would like to move.

Her apartment was broken into last night along with a neighbor’s apartment. Luckily no one was injured, but she is extremely frightened to go back, she is now three months pregnant and extremely stresses.

Any suggestion or loop holes where she can exit the agreement?

I understand its rather difficult for you to guide us because you cannot see the agreement, but any information would be greatly appreciated.

Thanks,

Jason

Any suggestions?

Hi everyone,

I have a quick question. I signed up for my pre real-estate license about a month a go; my class begins March 23. Here is my dilemma, I have decided to pursue my entrepreneur instincts and start my own business, what can do with my real-estate license part-time?

What are the benefits of having my real-estate license?

Thanks,
Jason.

Hi everyone,

I signed up for my real-estate license two days ago in hopes to build a foundation (not to become and agent) and obtain as much knowledge in the real-estate industry.

I’m trying to network with a season veteran locally (Melbourne or Orlando Fl.) I’m not seeking investment money, I’m only seeing guidance. I have tried to network with local people, but something always seems to fall through on their end. (NO GUTS)

My main focus would be Commercial Real-estate, buy and leasing commercial real-estate to tech companies. I currently work as a Contracted Test Engineer, so I attend many meetings with different companies. I would have the upper hand on a lot of local realtors. I know of several companies here searching for new companies to expand their manufacturing facility.

So, if any veteran REI's are willing to pawn off some insightful information. I would love to chat.

Thanks,

Jason.