All Forum Posts by: Joshua Lyon

Asking $65,000

ARV $125,000 +/-

Rentometer Avg Rent $1,200 +/-

Rehab - $20k +/- 

If your looking to Buy, Rehab, Rent and Refinance (BRRR), this property is perfect. Most lenders cash out refi at 75% LTV. That gives you room to refinance 100% of your acquisition and rehab costs.

Will also make a great flip or strait rental.

This is a HUD property I have the winning bid on. Buyer will preform a double closing (A-B, B-C) and must be a cash or private/hard money purchase. Due to the tight timeframe and expenses to extend the contract if needed, i'm wholesaling for very little profit on my end. Looking to build strong relationships with investors and future clients.

Pictures, Video Walkthrough, CMA, Property Condition Report, MLS Synopsis

Also looking to grow my buyers list. Please message me your email if you'd like to receive updates on any new properties.

Thank You

Mhamed Channaj I may have something of interest for you. Im an airline pilot by day and house flipper / agent by night. My niche is Seminole, Orange and Volusia counties. Basically Orlando area. I recently won a HUD property in Seminole County that would make a perfect flip or rental. The numbers are VERY strong for either. Unfortunately I'm in the middle of two flips and tapped out on capital. I'm looking to Wholesale the property to a flipper OR do a JV with an investor where I'd handle the rehab and be the listing agent to sell it. Split it 50/50 with the investor. PM me if your interested and I'll send you more details about the property.

Were there any other contingencies you can lean on in your offer?

@Farakh Zaman

Are you looking to invest or find a house for yourself? I'm an agent for the area and specialize in HUD homes. I'd be happy to help if that's something that interests you. HUD properties make great investments as well as personal homes if your looking for discounted prices.

Have a great day,

Joshua Lyon

@Stephanie Oxendine Unfortunately they're not assignable. The closing must be done in the same name the bid was won. You'd have to do a double closing. The title company I work with can do these. We send out weekly spreadsheets with an updated property list for investors to bid. If you'd like to see them i'd be happy to email them.

I misread what you posted, sorry. I don't have an absentee owner list but if I can help I'd still be happy to.

Adept Title and Escrow Services, LLC is a great title company that deals with investors. I'm a local investor and agent. I'd be happy to set you up with a vacant property MLS search. We also specialize in HUD properties if you'd like to bid on those. They are all vacant.

Jay Hinrichs That's definitely understandable. I'd feel the same. It's a painful process getting anything certified through the FAA. Cirrus Jet and 787 case in point. The new Jet Apps are really cool. It's actually giving fractionals like NetJets and Flexjets a little competition.

Jay Hinrichs LOL. Both sides has it's benefits. Went to Sun N Fun last week. Great seeing all the new technologies hitting the GA side.

Jay Hinrichs Great podcast 👍 Nice to see a fellow aviation enthusiast in the Real Estate world.