FLORIDA PROPERTY FINDER

FLORIDA REAL ESTATE INVESTMENT CLUB

2009-11-16T12:58:00.000-05:00

As a result of the declining real estate values and bank owned properties, the amount of distressed properties in Florida is overwhelming. Using a property finder like myself and joining real estate investment clubs is becoming more and more popular.

I just started a real estate investment club and the response is unbelievable! Whether your a local investor or around the globe you can join. No Charge, absolutely free! Just send me an email with your wish list, and I will send a list of properties directly to you. We also hold monthly meetings via conference call.

It does not matter if you are a first time investor or a seasoned professional, we have the wealth building properties to build fit your portfolio.

Now is the time to purchase real estate in the State of Florida. What are you waiting for? Take advantage of the buyers market in Florida.

Friday the 13th

2009-11-13T13:47:00.000-05:00

Today is Friday the 13th

Are you superstitious? Well dont be,instead concentrate on investing wisely. There are so many great deals on Florida Real Estate right now. Lets face it people will always flock to Florida whether they are retiring here or sick and tired of the cold and snow. Even though we are inundated with foreclosures and short sales real estate here will rise again. Florida will always be a a desirable place to live. A few years ago when in the height of the market, most people couldn't afford to move to Florida. Now with prices so low most can now afford to have that retirement dream back. Make sure you always do your own due diligence when investing.

FLORIDA REAL ESTATE AUCTIONS

2009-11-09T13:23:00.001-05:00

HELLO EVERYONE! HAPPY MONDAY!

THE MORE AND MORE THE FLORIDA REAL ESTATE MARKET CHANGES THE MORE AND MORE IM SIGNING MY CLIENTS UP FOR REAL ESTATE AUCTIONS. THERE ARE SO MANY GREAT DEALS OUT THERE I WISH I CAN PURCHASE MOST OF THEM MYSELF. ITS A WIN WIN FOR BOTH BUYERS AND SELLERS. SELLERS CAN SELL THEIR PROPERTY QUICKLY AND BUYERS GET A GREAT DEAL. MOST SELLERS ARE NOT EVEN IN FORECLOSURE BUT NEED TO SELL THEIR PROPERTY QUICKLY FOR WHAT EVER REASON. FROM COMMERCIAL TO RESIDENTIAL IT IS DEFINITELY THE WAY TO GO. OF COURSE WHEN PURCHASING THROUGH AN AUCTION, YOU SHOULD CONSULT WITH A REALTOR TO HELP WITH DUE DILIGENCE. WHY NOT ITS FREE ADVICE! THE ACTION HOUSE PAYS THE REAL ESTATE COMMISSION. FOR INFORMATION ON REAL ESTATE AUCTIONS, CONTACT ME DIRECTLY AT 561-876-6311. I COVER THE WHOLE STATE OF FLORIDA

LEARNING SECRETS THE BANKS WONT TELL YOU ABOUT FORECLOSED PROPERTY

2009-11-02T21:43:00.002-05:00

Hello Everyone!

Today I would like to share with you a few things I have learned about short sales and foreclosures.
In today's market I am shocked how the banks keep secrets! I have a property that is another listing agents “pocket listing” that just means it is not advertised or on the Florida MLS. The bank originally
agreed to a bottom line price that they would accept for the REO, however they really have another price in mind at 50% off of what I have advertised it for.

So why are I not advertising it? Very simple, I'm not allowed to! The bank has the right to sue me and my broker and not honor my buyers offer. Ridiculous? I feel your pain! It makes it very difficult for me
to offer this property to my buyers. So the next time you are surfing the web and find a foreclosure that you feel the price is not right, call the Real Estate agent directly so you can get the inside scoop. You will most likely have to sign a non-disclosure so the agent is protected but you will save a LOT of money by just placing a call and giving up your John Hancock.

BOCA RATON FLORIDA BANK OWNED DOUBLE TREE HOTEL

2009-10-08T14:08:00.000-04:00

ANOTHER GREAT PROPERTY IN BOCA RATON, FLORIDA!

180 ROOM HOTEL ALL ROOMS ARE SUITES, RESTAURANT

They lost the Double Tree name. Holiday Inn wants to put
their flag name on it very badly. AAA location

BANK APPROVED-11 MILLION!

Does need updating

CALL ME DIRECTLY FOR DETAILS!

SUSAN HOFFMAN
561-876-6311

BANK OWNED BRAND NEW OFFICE BUILDING BOCA RATON

2009-10-08T13:55:00.000-04:00

HELLO EVERYONE! HAPPY WEDNESDAY!!

BOCA RATON,FLORIDA-BANK OWNED OFFICE BUILDING IN THE HEART OF BOCA RATON, AAA LOCATION!

BANK HAS APPROVED THE SALE AT 8 Million!

66,000 TOTAL SQ FT

PLEASE CONTACT ME DIRECTLY FOR DETAILS!

SUSAN HOFFMAN
561-876-6311

DEVELOPER CLOSOUTS

2009-10-01T11:09:00.002-04:00

Orlando-101 units @ 56k a door

Orlando-70 units- @54k a door

Orlando-98 units @ 48k a door

Sarasota-196 units at 76k a door-You can purchase blocks of ten if you wanted to

West Palm Beach-13 units 53k a door

Let me if your interested in any of these and I will send you over the details on the project(s) you request.

SARASOTA FLORIDA 10 MINS, TO THE SIESTA KEY, FL

2009-10-01T11:08:00.000-04:00

I HAVE CONDOS 10 MINUTES TO SIESTA KEY, FL! Siesta Key beach was voted number 2 beach in country this year, number one is Hawaii. So they can have property with incredible proximity to the beach without the high Hawaii price! :) HURRY BEFORE SEASON STARTS AND THE DEVELOPER RAISES THE PRICE!

76k a door!!!

INFORMATIVE SALES TOOLS TO HELP YOU INCREASE SALES

2009-09-30T20:01:00.002-04:00

Hello Everyone! Happy Wednesday!

For those of you who read my blog or are visiting for the 1st time Im sure you are wondering why I'm getting off the Real Estate Topic in todays blog.

I decided to share with the world an eBook I wrote several years ago, called Resourceful Selling.
This eBook took years of research and I have helped hundreds of businesses increase company sales.

For those of you who are a small business owner or a sales person for an organization, always wonder why your competition is more successful than you and if your a sales person why the person sitting next to you is always number 1 in the company. I will tell you why, they are more resourceful. I know from working as a sales person directly for a company and later in my career training sales people. What the biggest problem every organization suffers from: TOOLS! Sales people are told where territory is, the title of the decision maker they need to speak with and thats about it. Imagine this, you have a full list of every company in your territory, with the decision makers name, phone number, mailing address, and website. You import that list into a CRM of your choice. These lists are not from Google or yellowpages.com, these are lists companies pay thousands of dollars on each year. Now for the best part, I know how to get them for FREE! Think about how much more organized and how your time will be much better spent, SELLING! Their are some companies who actually run a great sales team with all of these tools but they are in the minority. You cant build a house if you don't have the tools! My eBook gets into great deal with what to do with these list and of course where to get them for free. I am confident you will not be disappointed after you read it. If you choose to take my advice and purchase my eBook, I'm always here to answer any of your questions. One more thing, these lists for every industry, both consumer and business all over the US and CANADA.

DEAL OF THE DAY IN WEST PALM BEACH

2009-09-28T13:40:00.000-04:00

HELLO EVERYONE!!

I WANTED TO SHARE WITH EVERYONE THE DEAL OF THE DAY!

13 CONDOS IN WEST PALM BEACH, FOR 53K A DOOR. DEVELOPER CLOSEOUT, MARKET VALUE IS 89,900K.

ALL ARE RENTED BUT 2

CONTACT ME DIRECTLY FOR MORE DETAILS! 561-876-6311

Reo's,Short Sales,Foreclosures,Builder Bailiouts

2009-09-16T18:04:00.006-04:00

Happy Wednesday Everyone!!

Everyday I speak with investors all over the country and everyday it’s the same old story. Investors call me wanting the deal of the day. In today's market I have great deals everyday! Let me give you the perfect scenario of the deal of the day for an investor who wants to get in and get out or simply hold. I have 13 Fannie Mae approved condos in West Palm Beach, all but 3 are rented. Current market value depending on the floor plan is 69,900-89,000. The developer wants 53k a door. The properties are cash flowing and all I hear all day long is that there isn’t enough money in it! Lets think about this, we are entering our "Season" here in Florida, with all of the snowbirds coming down, these would be sold on the high side within 6 months. What is so awful with making 20k-35k profit for each condo within 6 months? I will tell you- GREED! I have seen more investors pass on deals like this it makes my head spin! What else investors don’t realize is prices will be going up during season so most of the GREAT deals are REO's and most have been swallowed up. Wealthy investors rub elbows at the country club with wealthy people in banks, and every other high end executive in the financial area, therefore getting the inside track on the great REO's. Regular investors need to recognize a good deal when they see one! Are their deals out there much better than mine? YES! But lets look at a perfect example what I am referring to,
Orlando right now is a blood bath, they are giving condos away. The problem is none of the condos are Fannie Mae approved, so it’s a hold until banking straightens out on financing non-warrantable properties.
If you took the same condos in West Palm and put them in Orlando, you couldn’t resell them. Cash buyers don’t pay market value, finance buyers do. Remember this only about condos, NOT Townhomes or Single Family Homes.

SHORT SALE/FLORECLOSURE- LEARNING FROM OTHER PEOPLES MISTAKES

2009-09-12T13:43:00.000-04:00

Hello Everyone! Happy Saturday!

Today I would like to discuss one of clients and how you can benefit from his mistakes!
I will call him Mr.X! The profile of Mr.X:

Great Credit
Steady Job
First time home buyer
Financing either FHA/Conventional
Wants a short sale for foreclosure

For you seasoned professionals whether your an investor or your a Realtor you see the problem in this equation.

Don't worry if you don't understand the problem I'm here to enlighten you!

Mr. X came to me in May of 2009, he was a referral from a former client. He explained to me that he was a finance buyer and wanted to purchase a distressed condo IE.short sale/foreclosure and he had 30% to put down and was qualified for 115,000.00. He was currently renting a condo in a building on the intracoastal in West Palm Beach,a very desirable high rise and wanted to stay in his current building. As luck would have it the building is Fannie Mae approved (refer to my former post on what Fannie Mae approved means) I proceeded to give Mr.X all of the current short sale listings in the building, at the same explaining to him he will have to put offers in at asking price or just below. Why? Because he is a finance buyer trying purchase in a competitive building and he is up against cash buyers who will ALWAYS win the bid. Of course he did not listen to me and wanted to put in, what I would call embarrassing offers. Under Florida Real Estate Law, I must submit all offers! Needless to say all of Mr. X's offers were rejected. So I let him play this game all summer, Oh...I forgot to mention we both live in the same building so I didn't waste gas, however I did waste time. But I did make sure it was on my terms. A few weeks ago he contacted me and was very anxious to purchase because he was afraid he was going to miss the tax credit if he didn't hurry and buy something. I was very blunt with him and told him he needed to purchase a re-sale not a short sale. He agreed and I found a unit for him that was priced at 139,000.00, he offered 115,000.00 (That's what he is qualified for) We of course received a counter offer at 130,000.00, I suggested to counter back at 120,000.00. I explained to him that he didn't have to put down 30% he is qualified to put down 15%-20% and to use the extra money to counter at 120,000. His mortgage payment would be approximately $50.00 more a month. The upside is he would close in 30 days, receive a tax credit and purchase a condo on the intercoastal at very good price. He was dead set against it. He is still insisting on sticking with the Short Sales.

Therefore, my prediction is Mr.X will miss the boat. We are coming into season in Florida which means all of the snow birds are getting ready to flock here which drives up prices. The Northeast and Mid-west have not had the best of summers which means they will be landing here sooner than later.

Florida Property Tax

2009-09-10T17:58:00.002-04:00

Hello Everyone!
I just wanted to share with everyone who is thinking about Investing In Florida what is going on with our property taxes.

5 1/2 years ago I purchased a condo in West Palm Beach, thats in Palm Beach County for those of you not familiar with the Counties in Florida. I paid 197,00.00 for it. We pay our taxes in arrears hear, my taxes were approximately 5500.00 a year. I did Homestead the property. That simply means this is my primary residents and I am a Florida Resident which entitles me to pay taxes on 50k off the assessed value.

Today, I received my tax bill for the 2009 proposed Ad Valorem Taxes are:

Assessed Value-86,500
Homestead Exemption-50,000
Taxable Value-36,500
Taxes for 2009-1132.27

Did I mention that my building is waterfront? Well it is, right on the Intracoastal Waterway, a little slice of heaven everyday as my taxes keep going down! And yes they will go up again someday for now in these terrible economic times every penny counts!

CONDOS ARE NOT ALL THE SAME IN FLORIDA

2009-09-09T14:38:00.002-04:00

Welcome to my new blog! My name is Susan Hoffman and I am Florida Licenced Agent who works with investors. I have inventory all over the state.

Lets talk Condos! Always keep in mind when purchasing a condo in the State of Florida not all are created equal.

If you are thinking about buying a condo and flipping it make sure the condo is Fannie Mae approved or warrentable. There is plenty of information out there on Warrantable Condos VS Non-Warrantable condos. But the long of the short of it is
If you do purchase a non-warrantable condo you will have to not only purchase it in cash but also flip it to some who has cash.

Thanks for Checking out my blog and I will be sure to tweet about the next subject!