All Forum Posts by: Carolyne Rattle

Hey guys,

I was reading a lot of your previous posts.. I have $50k that i want to invest in a property in the states... i live in Florida, Miami.. but am open to purchasing a rental home elsewhere. I do not trust the market here and think now might not be the time to buy here while prices are so crazy.

I saw that a lot of people mentioned taking the $50k and putting it as 2 down payments, or refinancing etc but my issue is I can not get a conventional mortgage, and the hard money i can get is @ a rate of 10%

I was thinking that maybe Gainesville might be a good area, close to the uni, or other uni towns people might recommend, however not sure there will be much capital appreciation, even thought the monthly returns seem to be between 8 - 10%

Thoughts???

Need to close on Friday a deal that fell apart with a partner.

Original Hard Money loan was 70% of the purchase price plus the rehab.

was paying 3 points and 12%

If you know anyone who can do something similar and fund on Friday please message me Total deal price is $330k 

Thanks

Closing on Wed a 1900 sqft legal 2/2 but 3/2 

Needs $25 - 30K

Comps between - 425k - 475k 

In  very desirable Pine shore/ Davis Harbor neighbourhood.

Price $300k OBO

Please feel free to contact me with any questions - like i said i need to move on this ASAP!

8651 SW 123rd Street Miami, Florida 33176

Great investment opportunity in this single family residence.
5/2 2800 sqft needs about 40k in rehab ARV of over $475,000

Selling for for $340,000.

7901 NW 33rd Street Unit 10 Davie, Florida

Great townhouse 3/2 1800sqft corner unit handyman special. Can close fast. Needs about 15K in rehab Worth 195K - 220K
.
Open to JV on Rehab
or
Selling for For $140,000.

8040 Harding Ave. PRICE $1,400,000 FIRM!

8 UNITS 1 BLOCK TO COLLINS AVE. 2 blocks to the sand. Adjusted Area. 5,879 Sq.Ft. Lot Size. 5,500 Sq.Ft. Year Built. 1949

40 yr completed. Fully rented. Rents are very low. On renewals rents will increase 25%. Comps are at $180-190k per unit. This will sell fast. M Seller firm on price. Must close by June 30th. Gross Current rent 8775

OFF MLS! Realtors ADD your commission

Looking for some advice as I have not been in this position before -

I JVed with a partner on a deal that was due to be a home run...

We are now 6 months in to the project I have $95K cash in the deal ( was meant to be $75k)

We need to put another $25K - Which i don't currently have as i'm in another project and which my partner can't come up with and finish the work - its about 50% done.

We have a 175K loan and the property is worth $320K and every month I need to come up with the payment which is eating in to to the profit as the property is just there doing nothing!

Any Advice? I am happy to sell the project as is and try and get at least my cash out - there is still money to be made in the deal

Looking for some advice as I have not been in this position before -

I JVed with a partner on a deal that was due to be a home run...

We are now 6 months in to the project I have $95K cash in the deal ( was meant to be $75k)

We need to put another $25K - Which i don't currently have as i'm in another project and which my partner can't come up with and finish the work - its about 50% done.

We have a 175K loan and the property is worth $320K and every month I need to come up with the payment which is eating in to to the profit as the property is just there doing nothing!

Any Advice? I am happy to sell the project as is and try and get at least my cash out - there is still money to be made in the deal

We have information of cash buyers, out of state buyers and international buyers in Dade and Broward. - Contact me for more info

5/2 - Very little Rehab needed

2000 SqFt, all tile, corner lot,
Roof needs repair.
Comps are $420K
Rents for $1900 - 2200
For sale for $330k
Contact me for more info