All Forum Posts by: Kevin Bowen

@Jon Huber,

Definitely interested in the Delray meet.  I'm in Parkland, lets connect.

Hi Everyone,

I purchased my first rental property through MLS and now working on my 2nd. I have marketed using Yellow letters with what I believe is a pretty good response rate (7.5% so far) From that I have 3 appointments set with prospective sellers.

My question is, does anyone have a good check list for walking a property pre-purchase to identify things that need to be fixed?  I searched the forms section and haven't been able to find what I was looking for.

Thanks

@Account Closed,

I sent my first campaign of yellow letters out, hand written by me.  Despite it being a much smaller target (about 195 letter) I have so far received about 5% of the letters back from no longer living their, and have had so far about a 7.5% response rate.  From that response I have 3 appointments set.  I believe the response rate will continue to rise as calls are still coming this week.

Bob Bowling lol, yes of course. Thanks

I'm definitely in. I'm located in Parkland, how about the rest?

Ok, so I searching for my first rental property, well not really my first because I have owned a couple others but sold them. In any case, I put an offer in on a condo following the rule of buying 20% below FMV, and it was countered but still not even close to where I needed it to be for it to work. I researched about 25 properties viewed 4 and put an offer on 1 and it didn't work out. I'm really pumped to have this play out the way it did, and learned from it. I'm considering forgetting my conventional mortgage and getting a commercial mortgage and purchasing a multi unit property instead of a condo. Interested in hearing opinions on that?

Thanks I'll check that out!

Greetings, I am getting ready to kick off my first direct marketing campaign and plan to target absentee owners. I have areas that I want to target but is there an efficient way to identify the absentee owners? I know I can go to the property appraisers website and find them, but that would require clicking through every property (not very efficient). Thanks

It has been a while since this post.  Wondering how your marketing campaigns have worked out?

Thanks for your responses.

I already have my LLC set up and spoke to my tax guy.

My question is regarding lenders calling the mortgage due if I switch the title to my LLC. I've seen many posts about it in other states but haven't seen anyone saying it's an issue in FL.