All Forum Posts by: Laura Renner

Hi Maricruz, can you please send me more info. on this property. [email protected], thanks!

Triplex.  Property consists of one DUPLEX and one Free-Standing COTTAGE.  All three have private yards. 

2 of 3 units rented.  Double lot, able to build up to  6 units total on lot. Message me for more info.

Key West Style villa condo located East of I-95 close to US 1. Bike to the beach, walk to restaurants. Intracoastal waters across the block.  Community Dock use for those living in this neighborhood. Great for boaters. Vaulted ceilings, tile floors, Central AC, extra storage and large front patio space.  Lowest priced 1 bedroom in the area.

@Megan McCrea and @Sara Bill You can list your property with a local Realtor for month to month short term rentals. Corporations will use a Realtor to find options in addition to checking local property management firms (many which are also Real Estate Brokers) You can find Management firms that specialize in corporate short term rentals in your area by doing a google search or asking your local reputable real estate firms.

Vacation rental sites aren't the first resource companies will utilize when seeking 30+ day rentals.

OFF MARKET OPPORTUNITY.

2 buildings.  1 offers two 1/1 units. CBS construction, wall unit AC. Everything in good condition.  The large of the two has a large screened in porch area.  Another detached building on the property is a free standing cottage studio of about 650 q ft. Frame built, feels like it's own house.  

The investment is not only in the area (East of main highway, bike ride to beaches, low crime, very clean area) but also in the fact that the property is zoned to allow up to 9 units. There is a free standing storage shed on the lot as well and ample parking space.  Designed in the 60's the layout is not your typical square box, each unit has a unique feel.  There is a fireplace in one unit (it was closed off but could be opened for design effect (could open for use, but not needed here and too costly ) 

Double lot, build out the 9 units, collect income while drafting plans.

See image below of JUNO PARK. It's located across the street from this. The Park is a community park that has a public boat ramp for the community.  Water access leads direct to Ocean. 

There is very little opportunity like this, in this area made available.  Contact me for more information. The complete address will be hidden but details will be shared to serious parties.

@Jay Hinrichs Oh yes and again great advice. I have a commission agreement signed along with buyer registration prior to bringing an offer or touring.

It's a shame there isn't simply a standard policy of how to execute offers in a non-bias way and in the best interest to all parties.  Well..until that fantasy happens, I agree, stay on your toes.

@Jay Hinrichs  so much for what is in the sellers best interest, right? Lol yes I agree with you about lower rated communities/areas. I normally would never advise my clients to offer so much on these type. I'm finding investors getting hungry and considering them now since there are so few options with any decent numbers here in South Florida. 

@Jay Hinrichs I can't thank you enough for your input. You've put my mind at ease...

I provided the lenders details. Wells Fargo services a large portion of my clients portfolio and would be lending on this $7M purchase as well.

Again, thank you.

Need your thoughts BP community.

Has anyone being a principal or a Broker Rep experienced these demands from listing broker in order to convey your buyers offer to the seller?  My gut has been since day one that this listing broker has his own buyer and is trying to cut my offer from being seen.

• Proof of funds for the 25% down payment  (this is common, I'm ok obviously with this one)
• More details on the expected debt structure and what lender the buyer would use
• More details on the business model of the investor—things like capex budget, rent growth assumptions, tax adjustment and any other expense variations, etc.
• Broker references from brokers that represented sellers that XXXXXX Investment Group bought deals from in Ohio and/or texas.
• In addition, when we have requested a tour:   Principal of investment group must personally tour the property prior to offer, not a representative of the principal, even if it's someone from the group. 

Love to hear your thoughts before I respond to this Broker. My client are an investment group that made an offer of 95% to asking price for a multi unit in a mid to high crime area with C-D tenants. And this is the response... (that's besides the point, wanting to know if anyone has been asked for these items prior to their offer being shared with the seller)

12 Units

Sale includes 2 folios. 815 & 825 80 ST. Each Building has 6 units (4 - 1 Bedroom & 1 Bath, 2 studios with a total of 12 units). Fully occupied, Income producing, Multifamily building on 11,300 sq ft of land, single story buildings in a high occupancy luxury neighborhood, walking distance from the beach.

Block Concrete construction. Luxury neighborhood.

ASKING $2,100,000

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