All Forum Posts by: Jacques Wurms

I am in Fort Lauderdale and everybody wants to wholesale!! I can not find anybody to buy and hold. While especially in this market buy and hold is the better strategy. The rental market is hot and you can pay a little ore for the properties you are buying, thus beating the competition.

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Find yourself a good realtor!

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Originally posted by @William Manzie:

Hello all,

I was wondering what the local (SoFlo) wholesalers are using as a contract?

I see here in the resources link that there is a As IS contract for sale and purchase.

Is this what most people are using? If so, is it used for both the offer to the buyer and then another for the assignment?

Thanks for your help.

Hello William,

I be happy to give a you a copy of the Far/Bar as contract if you still need it.

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If the buyers agent gave his clients the access code to the property without him being present he can loose his license.

Originally posted by @Yechiel Abekassis:

Hi BP,

Is it normal for my agent to send potential buyers to the property by themselves with the buyers agent giving them the lock box combination number. Should I be upset about it? I would think that my agent should be more involved and want to go show the property himself.

Thanks in advance,

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I can tell you Ft. Lauderdale is a great rental market. Don't forget all these people that are loosing there homes still need a home, so they rent!

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The Facts;
Total SF under air 2185 sf asking price $148500

2 units 2/1 each, possible rental income is $2200 PM total

Needs about $30k in work value when fixed up about $250K

Has about $1 million in city fines, that needs to be negotiated with the city. However all problems that caused the fines have been fixed, per realtor.

Coral Springs is near Ft. Lauderdale in West Broward county. If you are comfortable with negotiating with the city, this is a very good opportunity. Cash deal of course.

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Hello Fellow BP investors,

This 3 plex is located in Fort Lauderdale asking price $149900 income $2100 PM, $700 per unit. All 3 units are 2/1

Has possibility for adding laundry facility. Plus rent increase to $800pm each.

Owner is moving out of town and is very negotiable and it has been on the market since February. Assuming you pay cash asking price cash on cash return is already 10% not counting the possible rent increase and possible negotiated price reduction if you make an cash offer. Looking forward to your questions.

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URGENT!! CASH ONLY !**R-BID BANK OWNED FORECLOSURE WATERFRONT HOME NEEDS REHAB** EASY TO MAKE AN OFFER CONTACT L/A OFFERS SUBJECT TO BANK APPROVAL This family spacious home located on a waterfront lot features a wonderful split bedroom floor plan. The central spacious kitchen features plenty of counterpace plus a dining area. The roomy master has plenty of space & screened pool

4/2 1947 Sf under air. Asking price $198550 Value when fixed $250-$300K This is in the city of Sunrise South Florida Please feel free to call me for more details.

I am a realtor finding deals for investors all the time Only serious investors please!!

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Hello Fellow BP fans,

This one was just put back on the market by Fanny Mae. This would be a good candidate for a home hack since you can not rent the first year.

The numbers are:

Asking price $139900 Home is 2020 SF with garage, Maintenance $285PM Rental income after first year will be at least $1850 PM. This is in the city of Plantation rentals will move quickly as it is a great city live. Fanny Mae pays 3% towards your closing cost.

This is great for a first time investor, that is currently renting..

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All Forum Posts by: Jacques Wurms

Jacques Wurms has started 20 posts and replied 125 times.

Post: finding a realtor in florida Bade,west palm Beach ,Broward, area

Post: Wholesaling in Orlando/Central Florida

Post: How to find deals.

Post: Florida Wholesalers

Post: My Agent

Post: Rental homes in the Florida market?

Post: Duplex fixer upper in Coral Springs South Florida

Post: Turnkey income property in Ft Lauderdale

Post: Rehab deal 4/2 home in the Greater Ft. Lauderdale area

Post: South Florida home 4/2 to buy and Hold, not a flip