All Forum Posts by: Susan K.

Your Realtor friend and/or his broker can call the Florida Association of Realtors free legal hotline for advice on this situation.  

 Thanks for the info Diana.

Things seem to be opening up a little more now than a year ago. I talked to B B & T and Seacoast Bank for builder/owner loans. Have not gone through the approval process yet because I'm still looking for a deal on land in South Florida. These lenders do not seem to have a requirement that you OO the property for so many months after construction. As far as a lender letting me build and flip specs, I have not found the perfect situation yet.

Wow, what are you doing to maintain your energy during working all those hours?  I would like to know.  Thanks.

To get MLS you need to activate it under a broker, join a board and pay the fees. You can find a brokerage that is "investor friendly" meaning they are not concerned if you are just looking for your own deals and not working as a traditional realtor. Usually brokerages that charge you a flat fee or transaction fee for any transactions you have (in my opinion) tend to be a better place for investor agents. You can probably find one like this in your area, as these types of agencies seem more prevalent than in the past.

I vote for large single.

You can get your license for your own benefit. You do not have to be a "realtor" or work as a "realtor" just because you have your license. Having access to the MLS is a great tool for comps, etc. Also for being able to let yourself into properties without waiting on an agent. Many investors are licensed and it is not a detriment.

It already has 4 bedrooms.  I would focus on the kitchen and not worry about making it 5 bedrooms.  Someone may want the 4 car garage and shop.  That could be a good selling point.

Consider getting your RE license if you are going to be doing a lot of investing. It may be worth the time and expense. That way you can let yourself in and out of properties at your convenience and have full MLS access.