Brevard Investor, Solid Investing in an Unstable Time. Specializing in Transaction Engineering and Creative Problem Solving backed by Education and Experience

It seems to me that the only people buying are investors.  After speaking with one of Brevard county's leading REO agents, it became more apparent.  He is moving listings, but they are going cheap.  It is not uncommon for a solid block home that needs basically paint and carpet to sell for $40-45...

When I first started investing some 10 years ago, I used a cash flow multiplier to make a quick and dirty determination if a deal warranted my time for further investigation.  Quite simple actually:  Take 1% of the purchase price and compare to the market rental rate.  If the number is greater th...

This post is an update of a similar blog post I wrote a couple of weeks ago. The City of Sanford is strongly considering putting some major cumbersome burdens on property owners.  Some of the proposals include new stringent property codes, registration of all rental properties, designating a loca...

I have been blogging on AR for not quite a week now and have to say that I am addicted.  The network of Real Estate pros and the diversity is great.  I have been struggling recently with this:  I am disappointed at the overall negativity in the media, and want to tune out completely BUT I need to...

Do you have a buyer that can afford a home but has bad credit?  We have a great home for them.  This 3/2 block home is in desirable north cocoa on a cul-de-sac.  Home needs a few finishing touchs but a great opportunity!  We are offering it  for $104,900 with 5-10% down.  Payments will range from...

I have noticed that the inventory on our local MLS board has been droppping. Actually since Nov 2008, we have shed about 20% of our listings.  It was suggested that this was attributed to listings expiring at the end of the year and that the number would bounce back mid-January.  So far we have n...

 As an seasoned full-time investor, I am often asked "what is the secret?" to being successful as an investor.  My answer is that there are lots of secrets!  But one of the most important is relationships.  Building a relationship with a Realtor is no exception.  I have seen too many buyers, both...

We recently had a frustrating experience with a short sale (who hasn't!), here are the basics: We had an offer on the table of $58K all cash with POF (proof of funds) submitted to loss mitigator.  We were told BPO was higher and offer was unacceptable.  The comps showed 49K to 65K sales of simila...

Because of the ever-tightening credit guidelines, we are finding that buyers are needing more time to repair credit issues.  In an effort to find these buyers homes before all the issues are finalized, we have been using lease-option techniques with a lot of success.  Recently we had a listing ag...

A recent article in the Orlando Sentinel cites, among other things, that the available inventory in the Orlando market has dropped year end 07 to year end 08 by nearly 50%.  See the article at http://www.orlandosentinel.com/business/custom/thrifty/orl-homes1309jan13,0,4900604.story .  The big que...