Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Ron J.

Ron J. has started 13 posts and replied 49 times.

Post: where to start w rehab

Ron J.Posted
  • Investor
  • Jacksonville, FL
  • Posts 68
  • Votes 7

I would start with wood and structural repair first then flooring.

Post: Whats your turnaround for a Hoarder house

Ron J.Posted
  • Investor
  • Jacksonville, FL
  • Posts 68
  • Votes 7

When i say a hoarder house I mean a house with at least 4 feet of trash from the floor throughout the whole house. whats your average time from acquiring the property to listing it on the MLS? also, what strategies do you use to get the property ready as quickly as possible?

Post: What things have you found in foreclosed/abandoned houses?

Ron J.Posted
  • Investor
  • Jacksonville, FL
  • Posts 68
  • Votes 7

recently found a family of about 10 rats, alot of old computer cases and old video games...

Post: Negotiating HOA lien settlement

Ron J.Posted
  • Investor
  • Jacksonville, FL
  • Posts 68
  • Votes 7
Originally posted by K. Marie Poe:
Ron: what's your current position? You say you took over the property. Did you get a deed from the owner? Or did you buy it at foreclosure sale?

There are a lot of variables that make a difference when negotiating a discounted payoff with the HOA. For example, if you own the property free and clear and/or there is a lot of equity, the HOA has no reason to settle with you.

Please post a little more so we can help brainstorm on the negotiating better.

yes i own the property free and clear from a county auction. The lien is not in my name so wouldnt the HOA want to negotiate instead of going through all the process of putting the lien in my name and going through the whole process over again? also why does the banks only have to pay the past 12 months dues and regular investors have to pay the whole past dues even if its back 4 years?

Post: Negotiating HOA lien settlement

Ron J.Posted
  • Investor
  • Jacksonville, FL
  • Posts 68
  • Votes 7

Took over a property with 18k past due HOA lien with 7k of that being just interest. Whats a good place to start if im willing to pay lump sum of cash. would it be 50 percent of the lien price? Can someone inbox me a settlement letter or form? or some type of template that i can use to send to the HOA board.

Originally posted by Brian Burke:
@Wayne Brooks, is there a mechanism by which a purchaser can identify the total HOA balance prior to buying at auction? In CA we are fortunate that dues are junior, and senior property tax delinquencies are easy to definitively quantify. If HOA were to be senior, I have no idea how I'd feel safe bidding.

Surely FL has some method to find out, other than just "hoping" that the HOA recently recorded a lien? For that matter, even knowing which properties have an HOA at all is elusive, no?

Also in Florida if your not working for a title company or a licensed realtor buying the property,the HOA or Attorney company handling the lien will NOT give you any balance or information for the delinquent HOA balance... Pretty sad state for investors starting out down here. :(

Wayne Brooks it sure has gotten hard for regular investors down here. It doesn't help that the laws are heavily favored towards the HOAs and the big banks. Thanks for your input.

so even if the hoa have own the property since 2011 and maybe even been making money off a tenant. I still have to pay the lien from 2011 when the hoa took over the property?

Im looking at some upcoming sherriff/county auctions and some of them the HOA owns it from hoa lien sales...I want to know who is responsible once the the bank auctions it off and I win the auction from the bank..Will i be responsible for it.? Im thinking no because the property was already sold to hoa and that settles the lien? Im not sure on this one..This is Florida by the way.