All Forum Posts by: John Sculli

Viewing went well... went to look into 203K loans and could only really get a loan for around $150k including construction costs so the deal was there just me being a single guy in my first deal financing wasn't there where I needed it to be. But I got some offering experience and I'm just going to keep learning. I need to hit the local REIA and also do any BP members have meet ups in Jax? Fill me in

Thank you all for the Luck and recommendations....Visiting a house today, probably something I am not quite ready for but sometimes you gotta just dive in!

So this home is a pre-foreclosure, right in Riverside(which is a very hot area of the city of Jacksonville), I found it on Trulia. I know you want to look off the MLS for deals....but is it possible there are good deals on these sites like Zillow and Trulia? Going to look at it today around 5:30. Listed on Trulia at $180k. It is a 4BR/2B home with a property behind it that has 2 units (1BR/1B each). I looked in the area it seemed like each home on the street was over $200k and seemed like a great neighborhood. I don't know what I am even pre-approved for in a conventional loan yet but I filled out the paperwork today and sent it in and I'm sure it will get sent back saying there were a couple things missing. How long is that process usually? I was told by the realtor that this home is in need of updating but nothing major in the sellers disclosure. I would definitely get a home inspection though before moving much further. I just feel like this is a good deal....but really don't know exactly what a good deal is yet. Least I can do is go look and see what its all about.

Thanks for reading.  Any feedback would be greatly appreciated!

John Sculli

Hello to all Floridians on BP!

I had just moved here to Jacksonville about 7 months ago from Upstate New York. I lived in a lovely area on a lake but was just so sick of the cold. I moved here for a full time outside sales position in roofing and safety equipment. I've been listening to the podcast like crazy during my long drives out on the panhandle. I know that is not much of a start to really dip my foot into real estate investing, but you have to start somewhere and listening to Josh and Brandon got me excited and ready to get my foot in the door. So I just bought a few books that I kept hearing people repeat in the famous four of the podcast. So my first step will be to read and hopefully find a good mentor that will benefit from someone willing to work nights and weekends to help in their ventures while I learn along the way. Once I muster up the courage for myself to take the reigns, I think the approach I will be taking will be a buy and hold approach. I plan to buy and hold small MFH's and SFH's. I have never bought a home so I know I will have the advantages of first time home buyer for my first property. So I want to make sure I can sniff out a good deal when I see one. I have a lot to learn to get that stage and this will be first of many posts and thank you BP for giving me a platform to better understand this industry!

Thanks for reading,

John Sculli