All Forum Posts by: Phil Bach

It’s extremely competitive finding deals here. How do you plan on securing deals while remote?

You are going to need someone who can walk the properties for you and you are going to have to get comfortable buying without inspection and/or sight unseen. It’s really competitive right now.

Get on some wholesale lists, get your cash ready and/or get approved with a hard money lender, and be ready to pull the trigger quickly.  You will have to sort through 50 crap deals before you find 1 winner, but they are out there.

@Samuel Liapis

Keep in mind, before Covid-19 institutional lenders were going bonkers funding 90% of purchase + 100% rehab and such.

As soon as the stock market took a dump and people started getting laid off these lenders shut their doors pretty quickly and are just now starting to get back into it. Except now the typical LTV is much lower, as low as 60% LTV.

As many others have stated, you won’t find somebody to just front all of your costs from the get go. You’ll have to build a track record of success, and as you progress you’ll find better deals and you’ll be able to negotiate lower down payments.

Patience is the name of the game with the BRRR method.

@Mark Wilton I have a rental property in Tampa Bay that is seasoned and ready for a refi. Sending you a PM now

@Jorge Vazquez and Graystone Investment Group for all your PM needs.

Check out Graystone Investment Group with @Jorge Vazquez.  I have done many deals with them and I can attest they provide excellent services and do business with integrity.

Hey Jazmine, if you like, I can put together a quick list of active and recently sold properties from the MLS in the area for you to compare. Feel free to message me with the address and I can send it over to you.

Wood frame houses aren't the end of the world here in Tampa, as long as they are conforming to the neighborhood - i.e. people in Seminole Heights or Kenwood LOVE wood frame bungalows.  But in other neighborhoods yes block is typically the preferred build.

sent PM

Cappa Title in St. Petersburg does phenomenal work.  Pineywoods Title in Tampa is another investor/wholesaler friendly title company as well.