All Forum Posts by: Benjamin Cowles

Thanks Doug. I'll look into whole tailing. I'm guessing no option involved, just a contract. I think I was trying to avoid the DF regulations by getting the option to resell. I'll look into it. But as a seller, seems if an investor could convince me to sell at 80% FMV so I then could hire a realtor to resell it, what would the point be of the investor other than that if a leech, so I'd just say 'thanks for the idea but no thanks' and find my own realtor. The straight option definitively seems like a solution squeezed between two better ones -where a problem exists. But if neither exist then maybe the seller IS better off getting a realtor. So basically you're saying don't pay a seller so you be their realtor as you could lose that. I get ya. Probably why you don't see much on straight options, in here at least. I DID read a book on them, that Jussier(or something) buy but i believe his emphasis was on commercial. Thanks...

 Thanks. Yes, we're doing okay here. We got lucky but a lot of us, most of us lost power and can't find it how long it will take to restore power it seems so far using the elec. co. resources but I guess that means they're all too busy fixing things. Coming to FL? SWFL? Cape Coral specifically? 

 Thanks much. That's good to hear. 

... is it worth? That pretty much sums it up. The corner mart connects a residential to 35mph industrial street. Trulia shows cold for crime whatever that means. It's definitely D area. Not D-. Myself IDQK. I might like to grab a six pack and pack of smokes just cuz it's so darn 'convenient'. I might also like that there are a lot of people around who fear God is watching or I'd probably prefer the woods but I got a cheap house in a better area that I can afford.  Or is this a 'pass'? Or only a flip it for the right $? I'm thinking that 50k asking needs to drop about 30. Needs another 30. 900+sf. Comps $100/sf. Feelings? 

 Thanks. Will do

I want to buy cash first to simplify and expedite a purchase then take out a loan if need be for rehab(depending on final agreed price & rehab). The idea doesn't sound like it would be anything different from a lender's perspective but I've not read about people doing this other than the standard refinance which is normally done with conventional lenders, so maybe with hard/private it could be different(?). I don't see why not, but you tell me. It seems to me in expediting the purchase, also you'd give yourself an advantage over other offers that might need a few days for appraisals and what not.

once a seller asked me, in other words, 'so what do ya want? I got all kinds of properties, wutcha want?' and I remember fumbling through my mental script but now I'm thinking I should have told him what my heart felt which was 'Well I want them ALL MUWAHAHA....' and then another time a seller had a pretty good package deal on three of his tenant filled homes which I expressed interest but ultimately gave up after failing to sell him in any seller financing. So I'm wondering if purchasing straight options from these sellers, say for 10% of the purchase price, then resell the individual options would be a good strategy. I don't see why not but I haven't read much about straight options.

Thanks

This is in Lee County SWFL(Cape Coral, Fort Myers). I'm trying to keep track of properties I look at to see what they ultimately sell for and just wanted to know what kind of possible delay in the last update I should take into account when checking. Thanks

Who did you find in Fort Myers?