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All Forum Posts by: Padma Mody

Padma Mody has started 28 posts and replied 83 times.

Post: Seminole County, FL - houses selling more than asking price

Padma ModyPosted
  • Investor
  • Oviedo, FL
  • Posts 90
  • Votes 5

Here in Seminole county and Orange county houses are selling more than asking price. Sometimes when you look at the deal your numbers does not match. 

In Seminole county - up to $100,000 price range - only 82 house are available (single family & town house only)

In Orange county - up to $60,000 price range - only 11 house are available (single family only)

Every new listing gets many bids and seller agent comes back and ask you to higher the price. 

Is anyone seeing same demand in other area/city? 

Soon I am going take a trip to Smoky Mountain and I am interested to look for investment property at Smoky Mountain area. Is it a good to invest in vacation home in Smoky area? I like to know that how do you handle and what is your ROI.

Thanks.

Post: Looking for financing a new deal

Padma ModyPosted
  • Investor
  • Oviedo, FL
  • Posts 90
  • Votes 5

@Jerry Padilla,

Livable condition includes things like the roof, plumbing, electrical, flooring, walls, ceiling, no peeling paint and cabinetry being in place and working order for someone to move in without a hazard etc. Cosmetics are not counted against you.

As above, can we fix the house and refinance? Is it possible to do 10 house with  - buy with cash and rehab and refinance once it is rented?  

Post: what is next step for me? - selling condo by owner

Padma ModyPosted
  • Investor
  • Oviedo, FL
  • Posts 90
  • Votes 5

I listed my condo on flat fee MLS and someone is ready to buy! Buyer doesn't have any agent and she want to buy condo with cash. What I need to do next? What kind of contract I need to do? So far, we have only verbal cash offer.

Thanks.

Post: From 0 to 8 Rentals in Just 4 Months!

Padma ModyPosted
  • Investor
  • Oviedo, FL
  • Posts 90
  • Votes 5

@Ehab Shoukry,

I have questions - Did you took bank loan to buy all properties? If yes, please provide the bank name. How did you gather down payment? What kind of loan you have? 

Post: One of the HOTTEST markets in the USA - Central Florida!!!

Padma ModyPosted
  • Investor
  • Oviedo, FL
  • Posts 90
  • Votes 5

@Frank Rodriguez - I am from Oviedo too! Please let me know if you have any low price properties.

Post: Becoming a Wholesaler in Orlando / Central Florida

Padma ModyPosted
  • Investor
  • Oviedo, FL
  • Posts 90
  • Votes 5

To All,

I am looking to buy some properties so if you have some good deal, just PM me.

Post: How much its cost to demolish SFR?

Padma ModyPosted
  • Investor
  • Oviedo, FL
  • Posts 90
  • Votes 5

it is 1480 sq ft SFR with 3 be and one bath.

Post: How much its cost to demolish SFR?

Padma ModyPosted
  • Investor
  • Oviedo, FL
  • Posts 90
  • Votes 5

How much its cost to demolish the metal frame single family home? I am thinking to buy one SFR which is built on 1920. Before I buy I like to get an idea and pros and cons.

Thanks.

Post: Looking for builder to build spec home in Sanford, FL

Padma ModyPosted
  • Investor
  • Oviedo, FL
  • Posts 90
  • Votes 5

Is anyone know the construction company who can build the 1200 sq ft house in Sanford, FL?
I have lot/land in Sanford and trying to find builder who is interested into small house project.