All Forum Posts by: Martha Blumel

Welcome to BP @Dwain Beckford! I've been on here for a couple weeks now and everyone is so responsive. It is a great place to network and get info.  Good luck and maybe I will see you at some of the PB County REAI meetings!

Wade, have you had much luck getting quality responses on the Equity Trust boards? I was thinking about going on there to find other ways of investing in RE. I currently have an Equity Trust IRA wrapped up in land.

I've had mine with Equity Trust since 2004 and I am happy with it. 

@Anibal Zapata, that is awesome! I would love to invest with more integrity-minded investors in South Florida!  Good luck & welcome!

"Wholesale" with a double close.

Hi all!

I've been watching an REO duplex for some time now. It has been on the market for 110 days and has gone from $132k to $114k to $99k to $88k in that time. Even though our market is climbing. It was not an original duplex, but has been added onto. I had a realtor pull comps a while back and they were all SFH with similar age and SF. Generally, is that going to be the best way for me to run the numbers by using similar age and SF if other 2/1 duplexes are not available? The neighborhood isn't bad at all. Half rentals and half well kept owned homes. It's an old house (1920s, so from previous experience and the fact that it's been on the market for so long, I am suspecting a substantial rehab, even though the pictures look good.)

I plan on running the numbers for a fix and flip, fix and hold and wholesale. So my next question is for you experienced investors, can I get a good enough deal with a BOA REO to wholesale it or should I focus on the buy, fix and flip or hold?

I appreciate any and all input!!

Thanks,

Mar

Welcome to Bigger Pockets @Reginald Hill!  You're in the right place, Good luck!  Hope to see you at some of the local PB County REIAs!

Thanks everyone! I really appreciate it!

I am really happy to have found this website. What a great resource. I have recently decided to get back into REI and do it on a full time basis. I learned a lot the last time around (plenty of which, was through my own mistakes) and I am excited to keep learning and get going. I am looking to network with other South Florida (specifically Palm Beach County) investors!

I'm a sponge! Ready to soak it all up.  I'm looking forward to meeting everyone!