March was another great month for deals. It hasn't been since the hurricanes of 2004 that I have seen so many great deals out there. Sellers are dumping properties left and right, and savvy buyers are jumping in and buying them up.
Some deals our firm was involved with in just the last month: Pine Hills 4/2 for 72K. Lockhart 3/2/2 for 101K. College Park 2/2 for 115K. Poinciana 3/2/2 for 79K. Debary 3/1 for 95K.
These are great values people. They can be flipped and still leave a lot of profit for an end buyer. They can be rented out with a 90% Loan to Value mortgage and make a positive cash flow.
Personally, I am on my 5th investment property since last September, so I put my money where my mouth is. 2 have been re-sold, 1 is for sale now, and 2 are pending and will be re-sold hopefully within the next couple of weeks.
Don't sit on the sidelines while others buy the deals. Our firm helped buyers purchase 2 properties at last weekend's big REO auction. More may get acquired at this weekend's auction. Investors and Realtors are making thousands of dollars in profits and commissions at this very moment.
Our firm currently has over 60 short sales, bank owned REO's, and fixer uppers for sale in 11 counties right now. Let's make a deal today.
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(Copyright © 2008. Sand Dollar Realty Group, Inc. All rights reserved.)
Rob Arnold, ABR, CPL, CRB, GRI, Managing real estate broker, Licensed mortgage broker, Notary Public
407-389-7318 / 1-877-389-7318 www.SDRhouses.com/ www.WeBuyHousesFlorida.com/
Your full service and investor friendly Realtor in Orlando. Learn to invest in Central Florida real estate and Orlando real estate. Investor mentoring and counseling available. I also provide flat fee MLS listings, For Sale By Owner, and menu-based services in most parts of Central & South Florida, the Space Coast, and the Treasure Coast including Orlando, Tampa, Sarasota, Bradenton, Miami-Dade, Fort Lauderdale, West Palm Beach, Port Saint Lucie, Ocala, Gainesville, Volusia, and Brevard.
We buy houses cash, sell properties, and list properties in Central Florida including Orlando, Winter Park, Maitland, College Park, Ocoee, Winter Garden, Apopka, Pine Hills, Altamonte Springs, Casselberry, Longwood, Winter Springs, Oviedo, Lake Mary, Sanford, Deltona, Debary, Deland, Daytona Beach, Melbourne, Mount Dora, Eustis, Leesburg, Clermont, Kissimmee, Saint Cloud, Davenport, Winter Haven, Lakeland, and more.
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Rob Arnold - Your full service and investor friendly Realtor ® in Orlando and Central Florida.
407-389-7318 / 1-877-389-7318 www.SDRhouses.com www.WeBuyHousesFlorida.com
http://webuyhousesfl.wordpress.com
Our firm also provides flat fee MLS listings, For Sale By Owner, and menu-based services in most parts of Florida including Orlando, Altamonte Springs, Longwood, Apopka, Kissimmee, Clermont, Casselberry, Sanford, Lake Mary, and Deltona.
We sell foreclosure, short sale, and bank owned REO house home throughout Central Florida and metro Orlando. Sign up for our free email list of foreclosure and great Orlando house deals.
We buy unrepaired sinkhole damage houses in Florida. www.SellSinkholeHouse.com
Keep up the good word!
Debbie - Investors count for most of the people buying around my area.
Lisa - You may want to join my weekly email property list. Just send me an email.
John - I think a lot of people will miss out on great deals if they don't buy something in 2008.
Karen - There isn't much we can do with the media. Just keep positive and buy a good deal for yourself.
Brian - I pay attention to the news, but try to analyze the whole picture. If comps are selling for 150K and I can buy at 80K and get a positive cash flow, then it does not matter how bad things are.
John - It is a good time to buy. Deals are everywhere, inventory is plentiful, interest rates are low, and sellers are motivated. That's a great combo to me.
Way to go Rob!! There are some good deals out there. Are the homes your customers bought at the auction going to close? I heard the lenders were rejecting alot of the offers after the deal had been accepted. Is this true?
Was the $79,000 one in Poinciana the house with the funky garage door in V7?
I couldn't agree more! I have been selling foreclosures left and right because of the great value buyers can get.