All Forum Posts by: John Rogers

If you does this with a Florida Realtor who is also an investor, they can provide an interesting expansion of your business.

They can help acquire at a discount.

If they invest, then they have contractors that can rehab.

Then, they will list, market, and sell.

I'm doing it now for two out of country investors... What is needed ia the development of trust.

I assume you already have a HUD NAID #...

If this is a bid at the asking price... Yes, highest bid wins and includes closing costs.

If you are responding to a HUD counter offer, then the number they offer is the "minimum acceptable to HUD" and does NOT include closing costs, so add around 9%

A possible method to expand your "number of doors" would be to use the skills of a full service real estate brokerage that also has experience on the investment side.

I am a Brokerage in Orlando(a very hot market) and as such provide a service to out-of-State, out-of-Country investors locating properties, managing the rehab, and then listing & selling the properties or... coordinating with a high quality Property Management entity to get the properties occupied and producing income.

The are folks like me in the leading markets... the suggestion is to expand by developing relationships like the one described above, and work with that entity to expand your portfolio.

Yes there are...

There are also counties across Central Florida where homes don't remain on the market for more than a day or two based on the size of their investor market.

Contact me to discuss details. 

As of right this minute there 378 HUD owned homes for sale in the State of Florida...

Everything from a 4/2 in Jacksonville for under $ 20,000, to a large Victorian in Walt Disney's "hometown America" community of Celebration, FL for just under $ 400,000.

If you are a new investor, find a Realtor that is HUD approved and take a look at the diversity of what HUD has for sale. A large number of these are "move-in" condition of a cosmetic upgrade at most.

The deals are out there, you just need to know where to look...

We are in the same area and have success with a tool called fastemailflyers.

Website is the dot com version of that.

It does an e-mail blast of a flyer to all Realtors in the area.

Consider wholesaling homes from HUD...

You make offers at the "acceptable counterbid price" which is significantly lower than the asking price (which is also lower than market value), and when you win, you can make money by pricing as a wholesale deal to your network at a price that is still lower than the original asking price.

Contact me, and I'll explain in better detail.

John Rogers
Florida Trust Realty

Health reasons force the sale... Kind of a shame for them as this shows a profit.

Love the idea about the time between check out and check in as a time to do specific appointments.

I'll try that...

Thank you for the great suggestions all...

That is the problem... 

These are NOT tenants, they are guests on Holiday here in Florida, and this is a very profitable short term rental with a lot of weekly guests.