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Hi Steve,
Thanks you for your prompt response and I understand where you're coming from. I am new to the forum and have been looking at Miami and Orlando prop on Trulia website for the last couple of weeks. To be honest, Ive got so confused and don't know which area of Miami I should be looking at. Please note that I'm not a Professional investor and your list of REO prop will be used to guide me in my research. At the end of the day, I should be liable for my action and should not blame you.
RegardsHi Steve,
I am interested in the following list of REO prop in Miami in your earlier post. Can you send me that list to my email: [email protected]. Thanks
This list will be divided into 2 sections:
1. REO condos priced 20K to 40K that have just hit the market, and will give good rental returns (10% to upwards rental return after paying HOA and Prop. Tax). The condos these buildings are in will all have been checked by myself and my realtor, will all be in good areas, and will all have pools and gyms.
2. REO Single Family Homes that have just hit the market, that are priced between about 120K and 350K (so as to ensure that they are expensive enough to be in good areas, but not too cheap so as to rule out financing opportunities), and that should offer about 6 to 8% rental returns, and very good capital gains opportunities.
This list will be automatically generated by setting up parameters using the MLS listing for Miami (ie. if condos, according to buildings I've already checked out, or if SFHs, according to areas I've already visited).
My realtor will automatically receive daily updates (from the Miami MLS listings) to add to this list. I shall make this list available to the public (free of charge). However, I won't publicly display the list, so as to reduce the number of people making concurrent bids, and thereby working at odds with each other.
If you're interested in access to the list, you just need to e-mail me. Once you've located an REO that interests you, you can make contact with my realtor and make bids of your own, according to the price asked by the bank. There would be absolutely no fee charged by my realtor since she makes her commission (3%) from the seller (ie. the bank).
