All Forum Posts by: Obed Calixte

@Eric Wittenburg

Luke made great points in his post.

You can also look for sfh in areas that allow for ADUs to be built, if one does not already exist. FHA 203K, Homestyle or VA Reno loans are options to roll in ADU buildout into the mortgage. Would need to qualify for the mortgage amount and it appraise etc, but another option.

Trends for inventory levels, time on market, % of list price sold for, interest rates and market rent rates. 

It really will come down to what your strategy will be.

Depending on the agreement the seller has with the agent, whether or not you deal with the agent to procure the home, the seller (or you) may still be on the hook to pay the agent.

How did you end up presenting your offer?

Location to the desired end user's place of work will be key to success of whatever site is used to find tenants. It all starts there. 

I'll be interested to follow this journey.

Have you received high level costs for building the duplex you have in mind?

Understand what documents are needed to qualify for a hard money loan. This can be as simple as having an LLC and EIN to having X months of bank statements to show funds are seasoned. You do not want to wait until you need a hard money to begin gathering the necessary documents.

Understand reserve requirements - how much cash do you need to show proof of access to.

Understand how to read a term sheet - what do the terms mean. Can you calculate the numbers to ensure they are correct

33604 is another zip code in Tampa.

I cant answer you're in depth questions but for crime information, you can use either of the below to get an overview. It will give you an objective answer:

https://crimegrade.org/

https://communitycrimemap.com/

What are you looking to learn about the areas you mentioned?

The experience didn't go as planned, but one key thing that stood out in your post is that you realized that you do bring something to table.

Focus on your energy on what you do bring to the table and use that as your competitive advantage to grow.