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All Forum Posts by: Mike Coyne

Mike Coyne has started 2 posts and replied 2 times.

Post: Found some distressed properties, next step? (in Boca Raton, FL)

Mike CoynePosted
  • Boca Raton, FL
  • Posts 2
  • Votes 0

My wife and I have been bike riding for dollars around the neighborhoods we are targeting. We're compiling a list of the junkiest houses and cross checking their status realty trac and property appraiser and have been sending yellow letters.

First question, is it possible to contact trustee and make an offer? 

We talked to one nosy neighbor who gave us tremendous detail about a great potential property. Apparently the house has been vacant for 3-4 years and the bank simply hasn't taken possession of the home. The bank sends someone out once a month or so who walks around the house and takes pics, but nothing becomes of it. 

Could I do a title search and try to work a deal with lender? 

Any suggestions? 

I will throw this out there also, if anyone has any real advice for me, I will gladly consult pro-bono as I am a licensed GC (my specialty is structural contracting). 

Thanks in advance!!

Post: Greenhorn from Boca Raton

Mike CoynePosted
  • Boca Raton, FL
  • Posts 2
  • Votes 0

Hey everyone.! My name is Mike Coyne and I am looking to get starting in Real Estate Investing.

I live in Boca Raton, FL and work as a Estimator (the guy who prices construction costs) for a Structural Contractor building mostly luxury homes. I recently passed my FL GC exam and am currently applying to obtain my own license.

I am new to Real Estate and am looking to learn as much as I can.

My wife and I currently rent our home and would like to buy a dump on nice street, fix it up and live in it for a year or so, flip it or rent it.

Ideally, I'd love to meet some fellow local action-takers!