All Forum Posts by: Marko Bukva

@Ecaterina Katerina Morosan Thats the spirit! NEW YORK or Bust! :-)

jk..i already own a couple of properties down in FLL and i always wanted to buy here.

 There's also unused FAR of ~1000sqft so it make this deal even more interesting.

Thank You so much Ecaterina!

 @Paul Welden Thanks for info sir. I'm already looking into CHOICE and SONYMA loans

Hi,

I'm looking to buy a 3 unit property in NYC and to do a full gut, also there's a potential for another 1000sq to be added to the property 

and that's why i'm interested in this deal. I've never done this before so i know it's pretty crazy of me doing it in NYC for as my first but hey..

Of course i'll be having a very experienced GC to do the work and also maybe as investor.

I'm planning to purchase the property with 10% down as primary and was wondering what would be the next step regarding construction or FHA 203k

Has anyone done a flip with a construction or FHA 203k loan and whats the experience?

Also any experience, advice is highly appreciated!!

Thank You 

@Wayne Brooks we already had a few extensions as he is willing to sell (his words) 

If he backs out, will I be able to recuperate some of the expenses ? 
Flights, hotel, inspection, cleaning of the septic tank?? 
what do you think? 
thank you Wayne

@nicole 

@Nicole Heasley Beitenman its kinda bummer if it’s happens..well I guess it’s also learning experience. This is my first deal and as time is passing I’m not so emotionally attached to it as I was in the beginning. 
thank you Nicole 

Hi good people,

I'm under contract for my first property in Florida since september 2020 !! That's because there was some work without permits on the property and the bank wants that to be rectified by seller before closing. He is in the process of getting the permits. In the meantime market exploded and i have a feeling the seller is not so eager to sell it to me cause he can get a better price now. He's been pretty slow in signing the extension. Since we're under contract my broker told me that he can't sell it to someone else unless i back out. 

Is there a way that he walk away or contract expires if we don't have extension signed??

I don't want to back out if this deal,(its a good deal!) especially since i invested time/flights to FL/inspections..etc 

Any thoughts?

Thanks