All Forum Posts by: Roberto Chan

@Nat C.,

That was not done by foot traffic at all specially the one with "Pattern change".

I am also in the Miami area.  I got lucky and got a few contractors I work and they done good jobs for me.  Also, if they went and put it directly against the wood that tile will pop out in no time.  Tinsel does not stick well to wood.  Are those guy license ?   

Well I done already 3 renovation.  Pop-corn is old and out of style.  They are a mess when you get rid of them.  You can get the ceiling flat or knock down.  Knock down is cheaper to do because it does not need to be perfect and people like that better than popcorn.  

But if the pop-corn looks fine (ie no licks or oil spot from the kitchen then why bother unless is a hi end unit) 

Anyone use 1031 providers from the internet ?  Or you use a regular some local service ?

 I am leaning towards selling =) 

I am still new when it comes to investing in real state.  I know the potential is there.  But have not been able to double my money so fast.  

I need you opinion on this.   I own a once acre in Davie, FL.   A buyer is offering me 150K for it.  I think the property is and will definitely be worth more.   They are expanding the hi way already because all around they are building building.  

Now my dilemma,  A property does not bring income, it is a pure equity play right now.  I could use that money on a 1031 and buy something to make it generate income.  Or I can sit on it and "maybe" sell it in a few years for more than 150.  

Opinions please =)

I just join BP.  It is great source of info.  I been reading about foreclosure and doing some research on them. 

I see lots of people advice against them.  But this is what I have been gathering

what I don't understand is the fear on it.  I know there are unknowns.  but once you purchase win the action on the Senior Lien.  "Most liens will go away"  

The liens that can affect you will be State Tax Lien, IRS Lien and Superior lien usually from an HOA.

But if you see the court files and see all the judgement and make numbers and add it to you "possible liability" and some rehab worst case scenario and you can still come ahead why not do it ?

I know there are a few liens that could come like a contractor fixed the root or something like that.

Am I missing something ?  

Again, I am not saying I will do it.  I am educating my self so if in the future I find the courage to get into that I have all the info.

Any advice is greatly appreciated.  

Thank you all.

 Thanks for the advice.  Now to build relationship first =)  

I will look into it.   

BP is a great place man.  As long as you are willing to listen =)  

Thanks again.

I see.  What part of the country got smaller swings ?   I had a pro offer me a turn key cash flow positive but in Chicago but I don't know anything about the company nor the area so I decided to walk away from it for now.  and since I live in South Florida I thought I could at least watch my investment. 

150K probably will do a lot of good for a lot of people.  I am just starting and trying to play it safe.    The stock market probably will give you better return but at the same time the risk level is pretty hi.  

I am basically exploring my options.  since I am a newbie.  I wanted to know all the possibilities.  Multifamily sounds tempting but I am leaning towards a Single Family for now.  Playing it as safe as I can.  I am not as lucky as the other younger people in the forum.  I only wish hehehe. 

Thanks, yea I am starting to see that,  most member agree with you David.  Now to go shopping =) 

But since you are in Miami Beach you know how hot the market is getting here.