Calling all Investors!! Housing prices in Poinciana Fl. Are low. Real low. In fact, there are about 35 homes, available right now, that are less than $100,000. These are bank owned properties (REOs) and are NOT short sales. This means they can and will be purchased quickly.
A great example is a 3 bedroom 2 bath home with 1809 sq ft living area built in 2006. This house has never been lived in and is priced at $96,900 or $53.57 per sq ft!!! Folks, that's incredible. You can't build a house for that price. This property would easily rent for $900 per month. I'm also sure that by the time you read this it will be sold. It hit the market yesterday and won't last long.
This particular house sold for $206,500, brand new, in April of 2006. The person that buys this house will get a great property at a great price.
Now, in order to purchase a house like this, you have to be ready to make an offer immediately. When I say immediately, I mean immediately. There will be no time to go look at it. That's why we have inspection periods. Usually you will have 7 to 10 days to do your due diligence AFTER you have placed it under contract.
I know what your thinking, "Broker Bryant how can we buy one of those houses?" Well I'm glad you asked because that's the reason for this post. I'm looking for Investors that want to receive details on properties, like this, as soon as they hit the market. Here's what I'm looking for:
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Investors with cash, a credit line or mortgage APPROVAL and who are ready to move quickly.
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Investors that can show cash to close or mortgage approval, in writing, so we can submit it with the offer. Banks will not look at offers without it.
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Investors that are comfortable making offers without seeing the property first.
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Investors that have experience and the financial capabilities to carry a property a few months if necessary while a tenant is being found.
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Investors that are willing to sign a Buyer's Broker Agreement and work with me as their Broker on these specific purchases. I guarantee to work hard and you guarantee that I will get paid.
Folks, this program is NOT for first time homebuyers. I do have other programs available but this one is not for you.
If you don't have cash available you will more than likely need 20% to 30% as a down payment plus closing costs. We do have "hard money" Lenders available to assist you if needed. The time to get qualified is now, so, when you see a property you want you are ready to act. Time is of the essence.
If this is something that interest you then it's easy to participate. Just click the link at the bottom of this post and provide me with your info. I will then contact you so we can discuss your needs. Once we have talked and you are accepted into the program I will start sending over property details as soon as they hit the market. If you see something that fits into your Investment plan just let me know and I will forward over a purchase offer for you signatures. Then the fun begins!!!
So there you have it, Broker Bryant's Investor Program. Let's buy Poinciana one house at a time. What say you?
NOW TAKING APPLICATIONS!
BROKER BRYANT'S INVESTOR PROGRAM
MORE INFO FROM BROKER BRYANT... THE SOURCE FOR POINCIANA REAL ESTATE
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Bryant Tutas
Broker/Owner
Tutas Towne Realty, Inc
Licensed Florida Real Estate Broker
http://www.brokerbryant.com/
***The content of this blog is solely my opinion***
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Wow, sounds like a wonderful opportunity for RE Investors!
BB, I'm looking forward to your post that demonstrates a market turn-around and dwindling inventory- with these prices, it's just around the corner. AND, it couldn't happen to a better guy!
A detached home of under $100,000 -WOW! They should be flying off the market. Good luck!
What a deal. If I only had a brain, I would find a way to come up with the cash and buy this.
Your program will bear fruit. I think the "under $100,000. price point in SW Florida is about to evaporate. i notice already that only the worst houses are comng to the market under $100,000 and the nicer, vacant new homes are moving up to about $115,000. for the smallest homes. So we are starting to see some order in the market. Kash is King! Cash buyers can prevail in this market, because financing deals are failing 50% of the time.
JimG
WOW.....This looks like an awesome deal. Wish I had some spare cash.
Sean Allen
OK guys...go break into your piggy banks!!!! Those large 2 story homes in the picture at top can bebought in the $150s!!! We're talking almost 3000 sq ft living area. HOLY MOLY!!!!
This is a perfect example of why buyers should get all their financing in order BEFORE they start looking at houses.
Great post!
Bryant- sunI love the opportunity in this market! WOW, now landlords can get some positive cash flow going again! AH, the ups and downs of real estate cycles. One man's loss is another's opportunity and that my friend, is the beauty and perfection of life and economics.
$900 rental? Well if you would like to put together the tenant, management co, and supervise any repairs needed... I will buy! Just post some pics of how many holes are currently in the walls from the past occupants along with the other laundry list of repairs!
Wow the square footage and the price are great! Buyer's will surely pick up on those huge homes.
Matt, This particular property has never been lived in. Brand spanking new!!! No holes. Show me the money and I will get it purchased, rented and managed:)
By the way, a duplex just hit the market for $89,900. 2/2 on each side would rent for $600-$650 per side. Cash flow out the ying yang!!!
Come on down to Poinciana! Let the buying frenzy begin :)
Looks like Broker Bryant is branching out. I can't imagine a better buy. Incredible.
$54 a sq foot!!! That's unbelievable. Are there many renters available? How many of these are you buying yourself? Those numbers certainly beat anything in my market.
I have seen prices for this size in our area but not a new property. Looks like a great deal.
Bryant, if you're going to work with buyers, you've got a great approach! And if anyone could sell me a house I'd never seen in another state, that would be you!
BB, it's happening in Hemet, too. Three years ago I was seeing homes with $242/sqft...this morning at the MLS meeting I saw many under $100.
How many real estate agents blew whatever money they made in the boom on a BMW and a vacation home in Mexico instead of saving for this buying spree? The Hemet Home Loan Guy is, alas, no exception. I stupidly locked it all up in my 401k.
If I come across someone with a taste for this, I will connect. Keep up the great work.
B - If I could get out of the property I own here, I would definately be down there buying new homes for uner $100,000. Unfortunately with the market dip I need to hold tight.
Bryant--Looks like some great deals in your area! When the bank owns them, the deals go through much more quickly. Good information for investor buyers!
BB- I be an investor for you...btw, can I borrow 100k to buy one of these homes? hehe
Wow. I wish I was in the position to invest right now. Mayo Clinic has my boob in a vise. But...wow!
Those prices are something else. Probably better than just about any other place in Central Florida. If you can just hold onto them for the long-term, you can pick up some awesome deals right now.
Daaahum... $54 a s/f? Jimmety Christmas... that's one helluva deal. There's gonna be some great money made on Poinciana real estate, that's for sure.
Bryant it is hard to imagine how buy-able the homes are now. Some of these homes are just great values. When the market comes back and it always does...these homes with gain the owner a nice up side in equity. Nice market update.
I hate the term "fire sale" but someone get the asbestos pen and start signing. Only kidding. A new home under $100,000 always impresses me as remarkable.
Amazing prices. If those with the cash would only take advantage - heck, I wish I had the money. I might even move to Poinciana, well maybe not that far!