All Forum Posts by: Zulma Calderon

hi, some info,

built in 1970,

great schools, best zip code in jupiter  area, 

the comps are good but just to know the exterior wall is frame scares the hell out of me , i just think about termites... I have rehab 5 houses but all of them were cbs construction then  no experience with frame or wood siding. the interior walls are plaster. do you have an idea about possible issues and their cost thanks. single family , 3/2, around 210k purchase price . arv around 280 . thanks 

first you have to convince your wife  that the rental investment works and that a lot of people are making and having luxury lives because of it . when she understands that she can let you buy the rental property and with the  cashflow she can have her car.and after few years that condo will help for your kids college and books , then she will be ok with that.  my recommendation is ask her to listen to the biggerpockets Podcasts  in her way to work or when she gets time and after a few of them on her head her mentality about real estate is going to change. . In my house is backwards , i did that with my husband and is working ... good luck....

I'm in palm beach county Florida. And the way I do it is go to your county clerk website. In palm beach is the palm beach clerk.com . Look for the link to  officcial records , then by the last name of the last owner and name look for all the documents related to that name . Then filter the documents by legal description of the property you want and you will find in there , mortgages, deeds,  hoa liens , tax liens , water liens , etc 

yes I have , I have bought 2 properties and currently closing on the third one . Most of the time the bank in this case ( Wells Fargo) picks the title company . And you have the option to get a special warranty deed through them but you will have to pay for the owners insurance which I recomend. Most of the houses in auction. Com are houses that the bank didn't want to realize at the sale date on the court house auctions . They were foreclousure properties and most of the times the condition inside is not good, probably won't have appliances or fans or lights or cabinets etc.

All the properties that I bought have come with issues.  The title company never told me about ex. The blue house . When I bought the property the title forgot to mention that the house had an expired permit for a roof 20 years ago. Back on time the house was part of the palm beach county but like 10 years ago the blue house now belongs to Palm spring village . Then I am an investor and a flipper and two months later when I was ready to resell the blue house to a new buyer. My title company ( different than the bank ) one tells me they find this expired permit and I couldn't sell the house without closing it.  When I went to the county to close it they told me the house didn't belong to them, then I went to Palm Springs and they said they couldn't close a permit. They didn't open . Nice no ? After back and forth and a lot of tears I happen to meet with the building manager of the county and they close . I was just lucky . I could lost my client and my deal.

The point is do your homework very well check permits on city and county if posible , always pay for the owners insurance . Read the purchase contract before bidding , review your numbers and include the premium . It's always surprises with auction . Com properties good luck 

hi, I believe it is easier to take out The homeowner. If you got the house at the clerk house auction and it was a foreclosure I have heard that you can do a writ of possetion or that is what other investors do here in Palm beach Florida . Every county and state are different but look for info at the courthouse clerk page or call the foreclosure department . They can explain you better . That is the fastest option and its much easier and faster than eviction .  remember yesterday your friend probably just got a sale certificate.she needs to wait about two weeks to receive a certificate of title. Once you have it you can do the writ of possetion . Hope it helps

Im in palm peach, most info is at palm beach clerk web site , your county  has to have something like that, then look for official records and search by owner name. If the owner has many properties then sort by legal descripctions , most info , recorded liens, lis pendings, sale dates, mortgages etc are there. you wont find there open permits by the city or code ordinances liens, you have to call that department in the city your house is on, or check the city or county web site for those, hope it helps

In fl I think is two years

I'm actually a realtor as well , and you are absolutely right about every house has its different contracts and addendums depending on the seller and alot of them  have their own webpages for sending the offers . I'm just trying to be more efficient and fast because as an investor  I want to have a "pipeline of projects" to flip, to make a living and if I just do it systematically like analyze  100 properties,  make 50 offers a month , then I think ill get at least 1 deal , right? . I have done about 5 flips so far in almost 2 years for properties under 200K retail but  Palm beach has low inventory now and retail people are paying over listing price , then for us investors is getting really hard to compete and find deals. My company is just me, I do the  analysis, I do the offers, I do the marketing , I do the acquisitions, Im the negotiator, the realtor , the stager, I coordinate the flipping projects and I manage the sales and everything in between.  Then thats why Im slow in the project . my husband is the tech guy , you know website, flier, newsletter his working on that . I probably need to partner with someone who has experience in flippings like a GC or a developer , i think it will be mutually beneficial . other than that if you have more tips to make the pipeline flow faster please letme know.

hi,I am investor/realtor . I was wondering which was a better approach to send a few offers a day . Im looking to flip SFH in Palm beach -florida and dont know if is necessary to send the whole 12 -15 pages contract to the listing agent or if you guys send only the first page when you are sending an investor offer not a retail one. Is an email enough for listing agent to send it to seller with purchase price, estimated closing date, and terms . if the email is your option can you gave me an idea of how you lay out that email. I sent a few last week and it didn't work that well, out of 10 offers ,only two agents answer me back answering my questions regarding if property had any sloppy floors and his answer was the bank probably wouldn't take because my offer was to low. the second one to answer was pissed because it was to low. I know I need to be more persistent but can you give me some tips in how you do it. my offers are usually 75%-80% from ARV minus repairs. Thanks

Im buying sfh in palm beach county, FL  , Boynton Beach , Boca raton, Delray beach, greenacres, lake worth , wellington and west palm beach.  looking for properties that I can retail 250-300k , no memberships, no 55 and older. let me know . properties that need 30- 40 in rehab. let me know if you have something for me. i'm an agent but dont care about my comission I just want the deal.