About: admin

Recent Posts by admin

Real Estate Rental Income

The market is improving but there are still plenty of bank-owned and auction homes for sale due to foreclosures that have finally processed.  During the past 6 months, I have sold plenty of $25,000 - $60,000 homes to investors looking to better invest their funds sitting in savings accounts.  A couple of my clients have…
Read more

Foreclosures, Shortsales, Bank-Owned Properties Explained

Foreclosure is the process by which a homeowner’s rights to a property are forfeited because of failure to pay the mortgage.  If the owner cannot pay off the outstanding debt or sell it via short sale, the property then goes to a foreclosure auction. A short sale is a sale of real estate in which the proceeds from selling…
Read more

Are They Finally Resurrecting Channelside?

Looks like this Wednesday will be the bankruptcy auction for Channelside. The top 3 contenders are CBP Development (controlled by Tampa Lightning owner Jeff Vinik), Liberty Channelside, LLC (controlled by local real estate investors Santosh Govindaraju and Punit Shah), and the port itself. My guess is that Vinik will win it. He has a need…
Read more

Buying Vacant Land

buying vacant land
What should you look for when buying vacant land? The following are items and questions I ask when searching for land parcels. ZONING What can the land be used for? What is the highest and best use of the property? Residential, mixed-use, commercial, multi-family, industrial, agricultural, etc.  Call the local planning and zoning department for…
Read more

Recent Comments by admin

No comments by admin yet.