All Forum Posts by: Mitchell L.

I would pass... Small margins, questionable rehab costs and other things associated with the property... A lot at risk for a small potential gain

@Greg Pereira

Welcome to BP! I'm a local RE Broker and investor myself and know the market. Good Luck with the flips and be sure to go to the local REIA's for networking.

How much do you value your time? If it is a lot, then have a realtor list it and represent your best interests. It's proven that listing with an agent will net you higher than doing a FSBO. If it is a very hot market, then you can try but I'm sure cooridinating showings, inspecitons, contract preperation will be time consuming... Good Luck!

Assuming title is 100% clean then yes but most of the case, that there some outstanding violations, liens, unpaid utility bills, etc.. There is a reason they are giving title via quitclaim deed

If no renting is permitted in the condo bylaws/docs, I wouldnt even mess with it.

@Rony Calixte

I'm a local investor and RE Broker down here as well..However, I predominantly deal with condos and townhouses (HOA's) and have not messed with multi-family properties. Mainly the reason being that they are so overpriced down here for the most part. It's tough to find deals and there way too many bogus wholesalers and "investors" who are making the rest look bad.

Good Luck!

Welcome to BP @Elvis Amor! I recommend being active on the forums, listening to the podcasts and joining the local REIA's down here to start building connections and relationships with fellow investors.

Welcome to BP @Daniel Morris! Congrats on your 1st investment property.

Be sure to visit the local REIA's, listed to the podcasts and stay active on the forums.

Good Luck!

I would let it slide on the 1st go-around, assuming they are cooperative and responsive. Explain to them that it is due on the 1st and holidays and weekends are no excuse. 

In what price range and areas are you seeking to purchase the condos in? I've purchased numerous condos down here so will be happy to chime in if you have any specific questions on certain condos/communities.