All Forum Posts by: Lance Korsun

Good questions...

I'm looking to flip. I really don't want to be a landlord. That being said, I will gladly be a landlord if the ROI is substantial each month. I'd say 80/20 Flip/Hold.

Thanks for the advice @Griffin Fehrs

Hey everyone, I'm looking to get a few examples of business plans -- primarily looking for 1yr, 3yr and 5 yr plans. I'm pretty new to this -- not exactly where to or how to start putting my plan together.

Thanks!

@Robert E. Medlock II any chance you could/would share the slides you shared at the REI? I'm just getting started in Real Estate -- and am in Jacksonville. Would greatly appreciate the knowledge and example.

Thanks!

I know this is an old thread, but I'm looking at the same situation as the original poster...

@Wayne Brooks see if I get this straight... the auction I'm looking at has a final judgement amount of $4,000. The assessed value is $111,000 and the plantif-max-bid is $4,000. Does this mean, the home owner is willing to pay up to $4,000 and If I bid, would have to pay over $4,000 to win + assume responsibility of the loan until foreclosure is complete?

Starting to get this, but still confused a bit.

@Tim Herndon Do you do all cash offers to these motivated sellers or finance them?

@James Floyd welcome. I'm new to BP as well. Close to the beaches area on Hodges and Beach. 

Looks like JAX has plenty of people on this forum. 

@Tim Herndon I am looking at auction sites almost daily -- the 2 I look at are Auction.com and Homesearch.com -- Any particular that you would recommend?

Thanks!

Lance

I'd be curious as well - as I too am in JAX.

Awesome. Thanks for the input everyone. 

I swear BP is keeping an eye on me... the email I got from "Allison" this morning deals with this topic directly!

So cool.. and crazy at the same time.

Here is the blog post the email referenced:
http://www.biggerpockets.com/renewsblog/2014/10/07...

I'm new to the BP community, have introduced myself to a few local Jacksonville folks and I've been listening to the podcasts, reading the forum, etc, etc. One question I am still not 100% solid on is around Cash vs. Loan on your first go at investing.

For me, I'm trying to look at this as more of a serious hobby -- that if all works out -- could be my normal gig one day. I also want to start small (if possible) so that I get complete buy in from my wife and my 10 month old (yes, she has opinions too).

For the last few months I've been looking on Auction.com, homesearch.com (one other site I can't think of at the moment) for auction properties. Most if not all have been Cash Only offers. 

I'm a newbie, so I'm curious how do newbies get started without 50 - 75k laying around? Is it just patience for a property that offers financing?

Any insight would be great -- just trying to learn new things every day.

Thanks!