All Forum Posts by: Jonnathan Mordan

Hey Alex, my name is Jonnathan Mordan. I am realtor and investor in Miami and I am looking to expand to Jacksonville. I notice that you've posted some properties in Jacksonville recently. Do you wholesale in the area?

If you can find anything in NMB for 10K I suggest you pick that up ASAP (so long as there are no ridiculous leans or encumberences on  the property). You can be almost sure the land value is much higher than that. Also, NMB has a few not so desirable parts, but in general, it's not a bad location. If you need any help pulling comps or assessing the value send me a message. I'm a licensed realtor out of Miami and I do a lot of work in the area. I have no problem helping you out. 

Biggest House in the Neighborhood. 5/3, Approx. 2900sqft, 8000+sqft Lot

Move in Condition

Currently Rented at $1850

Huge Laundry room

Massive Master bedroom with Ensuite

NE 10th Ave, North Miami, FL 33161

Property Type: Single Family House

Est. After Repaired Value: $328,000

Asking Price: $230,000

Est. Cost Of Repairs:$20,000-$40,000 ** Needs roof repair & minor cosmetic work*

Est. Profit Potential: $68,000

For more information Please contact me  - Jonnathan 305-791-5858

Take a look at recent comps in the area:

**14405 NE 10th ave - 4/3, 1659sqft, 13k Lot - Sold for $373k
**802 NE 146th ST - 3/2, 1633sqft, 12k Lot - SOLD at $300k

Keywords: fixer-upper, wholesale, investment, cheap, bargain, investor, flip, repairs, equity, profit, rental

Large North Miami Home for sale 

Updated Kitchen Cabinets, large yard, excellent curb appeal!

2900 Sq ft!
4/3
Large Master suite
Massive Laundry room can be converted to 5th bedroom.
8000+ sq. ft. lot
Estimated repair costs $15-20K
After repair value: Comps in the area upwards of $300K
Priced to sell at $235K 
Rented for $1850 Rental comps up to $3,000
Cash only

Prices in the area are increasing fast as inventory is becoming more and more limited

Take a look at recent comps in the area:

**14405 NE 10th ave - 4/3, 1659sqft, 13k Lot - Sold for $375k
**802 NE 146th ST - 3/2, 1633sqft, 12k Lot - Pending at $309k 

Contact Me for Pictures or More Info

@Neil Schoepp 

Hey Neil, Thanks for the welcome. I'm still not sure what the first deal will be. That's still up in the air. We are currently doing all of our due diligence and spending every hour in the day reading everything we can find, educating ourselves on different strategies, and trying to really learn our market.

We are hoping to start our portfolio with a multi family situation where we can live in one of the units and rent out the rest. We'd really like to start off with a duplex or triplex just to keep things as 'simple' as possible while we gain experience. As of now we're really just spending a lot of time researching, marketing, and planning. But I have to say, we are super excited!

@Jordan Thibodeau 

It's awesome to have a community full people willing to reach out and show support. Thank you guys for the warm welcome. I really do hope to connect with you guys on this journey.

@JonHuber Thanks Jon! I am on it!!!

My name is Jonnathan Mordan. I am a Realtor and aspiring investor. I have recently moved to Miami from Boston Ma., with hopes to contribute to the growth and development of this dynamic young city. My girlfriend/Partner and I are currently preparing to lay the foundation for a very long and prosperous career as investors. I am currently reading everything I can get my hands on. Our goal is to close on our first deal by January 2015 and we will be seeking as much insight as possible from the more experienced members of the BP forums. I currently work for Keller Williams Realty and I have access to a large network of agents, buyers, and sellers. Please feel free to reach out and connect with me if there is anything I can do help you grow your business and I will probably be doing the same to you all.