All Forum Posts by: Konstantin Egorov

I have been looking into starting a site locally that's similar to Zillow sharing mls information to attract buyers and giving an opportunity to generate leads for myself with possible intention to resell those leads to local agents. Anyone know if this will be okay with my mls association? 

Whats the price and details? 

DESCRIPTION: COLONIAL ALUMINUM/VINYL 2 STORY WITH 480 SQ FT GROUND FLOOR LIVING AREA AND 1156 TOTAL SQ FT LIVING AREA, BUILT ABOUT 1916. IT HAS 7 TOTAL ROOMS WITH 3 BEDROOMS, 1 FULL BATHROOM, A FULL BASEMENT, HEATING IS CENTRAL AND THE OVERALL CONDITION IS AVERAGE.

She currently has a tenant @ $600.00 per month.
Property is in good condition according to her.
New Furnace

Electric works 

She owes $xxxx.xx in back taxes. Is the reason she is selling, they are charging her $xxx interest per month.

We can probably get her down to about $xx,xxx Cash.

Neighborhood Comps Sold @ $38,500 for 66 Elinor Ave.

This means you can get the property under $xx,000. that 40+% return per year on your investment. Or resell it @ 30-40k

Hello BP community, 

I have been doing marketing recently to target property owners that are interested in selling real estate, I tend to be running into quite a few upside down mortgages and short sale pre - foreclosure options. I'm working with two in the 10 day period that I have been doing marketing. 

One is a house that is LTV is greater, and the person that is doing the loan mod or discussing it said the bank offered the property to him for $50,000 to buy outright through a short-sale. Based on the comps, the property needs to be purchased @35k to turn some sort of profit after fixing it up. Tax records state the total value of the property is $129,000 but it seems to me its way over estimated after seeing the photos the place is distressed.

The other option i'm working on is another distressed 90k property that has a 120k loan and the person wants out just interested in getting some sort of start up money for the first last and security in the new place. 

I have a feeling if I keep marketing the way I am I will be getting a bunch of these. And my question is what is my best method of turning these into some sort of profit. 

In Addition some more info; 
I'm a Realtor 

I have funds to buy both outright, cash, I also have investors that will be interested in taking them off my hands. 

Thanks in advanced. :) 

Thanks guys lots of help! 

Thank you

Whats a good online client management website, where I can input leads and all details as well as mailers etc.. Free prefered. or cheap. Thanks 

Just a question, If I purchase a home from Miami Dade or Broward Online Foreclosure auction and its the first or primary lien, do the other liens get dropped after I purchase the property? Or do I now owe whatever other liens there are, such as for example  association lien, or contractor lien, or other 2nd and 3rd liens.

Thanks!! 

I have two vacation units in south florida, I rent them out seasonally weekly daily monthly. Its been good so far, just one story of a renter from Latin America that trashed my placed. other than that a typical 1 bedroom brings 1000-1500 per month off season and double that in busy season,net

I'm new agent, would like some input as to what works for you in terms of advertising. Thanks !