All Forum Posts by: Phillip Dooley

@Linda Quinton

 Linda, I would just offer a small bit of caution (speaking from experience) ALWAYS check the county map for wetland areas. These change often and difficult to build on or sell. 

Florida has a great number of wetlands.

Great Forum!  We also own two Vacation Rentals on the gulf coast of Florida. 

I am constantly looking for more, many to be found, but deals are getting hard to find.

Was scared to death on the first one, but the FEAR IS GONE! 

I would be glad to help answer questions, analyze expected cash flow etc... and help someone take the leap.

 Hello Dave, I'm about 60 miles southeast of Huntsville and thanks forr the the advice.

I'm a bit confused at the moment with something I was recently told by a mortgage company. This may be a state specific question (Alabama), but here goes...

Recently, I found a seller interested in selling, I got a great deal and got the property under contract. Yea me!...then...I found a potential buyer who had been pre approved by his mortgage company. Being new, and covering my bases, I called the Mortgage company and told them we would be doing a double (simultaneous) closing. I was then told that the mortgage company would not write a check to me, only to the originator of the sellers loan and the deal could not be closed.

Did I miss something????? 

Hello all! II have found a 4 unit,8 family deal that i'm interested in buying. 

How can I buy the property with low or no money down? Is there a FHA or VA program that i can use? It is a good deal with good cash flow numbers at the selling price, but I'm limited on cash.......any ideas????

Find your "WHY" and thrive from it!  Fire, Ready Aim....

Thanks folks for are your input and advice, I knew this was the place to go to find the answer(s)!

BP Rocks!

Thanks Dave, that has been my experience....No easy task and the ones I have found were  while marketing for wholesale deals.  I was hoping someone knew another way.  

What is the best way or source to find potential "subject to" sellers???

I have used IRAclub for about 7 years now. They are non-custodial (no hold ups when you need your money) and are super easy to work with and reach.  Dennis Blitz is the owner.