AIP Real Estate Group

06/10/2023

Another Deal in the Bank!

Exciting to be able to partner with a former student on this deal. Latania has become an expert on acquiring deals and building relationships with homeowners. The homeowners attorney literally told him not to take our offer that he could get more. I thought the deal was dead. Next thing I get a call saying he signed the contract at her price. ! She had built such a solid relationship with him he didn’t want to sell to anyone else.

We bought at 250k
Rehab was 70k
Property sold full price of $525k in 12 days on market. Which was $45k higher than we originally thought we would get.
Total deal profit was $167k

We saved over 20k just by choosing to put the roof on after the interior rehab so we could list early. This saved us 60-90 days of holding.

Our contractor ,Walter, did a phenomenal job not only on workmanship, but kept the project moving on the timeline and coordinating with other vendors.

Arilee at Concierge Title made both closing so simple and streamlined. Having a good title company is so important in being successful in real estate!

Our Lender made $17k in 116 days which is 31% return on his money! -ask me how I can make your money work for you!

Surround yourself with great people and you’ll do great things!

12/26/2021

Merry Christmas from our family to yours.

09/30/2021

Market is crazy and no signs of slowing down right now.

Miami has officially overtaken Los Angeles as the second least affordable housing market in the country.

11/03/2020

😊

09/07/2020

Another Successful Short Sale in the books for our team!

This one I seriously wanted to pull my hair out.

1st mortgage wanted full payment.
2nd mortgage
Auto Judgement
AND an IRS lien for 600k.

Not to mention a sale date.

I have to SHOUT OUT Judi Nickerson!!
Having never done a wholesale deal before much less a short sale OR VIRTUAL.... She Navigated this deal like a pro. Followed all my instructions and got it done!

We had to go through 3 title companies. Nearly lost the property because the 2nd title let the ball dropped.
Another 2 sale dates in a state where it’s sherrifs sales. (Not Judicial) everything took so long because of the IRS . We ended up doing a short sale on the 1st. Which worked out in our favor as we were able to put our team member into the deal as DUAL AGENT. Which again... the bank almost never allows.
Then Covid hit....

Then as we get approvals from all parties ... A HURRICANE CAT 4 hits the property 2 days after we were supposed to close but couldn’t as the irs wasn’t sending over the discharge. Judi spent from 7:30am to almost 3pm on the phone with the irs to get the release.

Of course then the buyer is playing games, she wanted to speak to the lender as she wanted the buyers agent commission. I had to get firm with the buyer. She came up with all kinds of stories. Judi again got on the phone with the title company and had the attorney deal with the buyer.

Today at closing buyer walks out as we find out there’s a deed restriction of 90 days. Judi navigates it like a BOSS and buyer signs!

CLOSED! Sellers avoid a foreclosure.
Buyer got a property whose ARV is 420k for only 265k. Completely virtual.

We already have another in contract and have started negotiating.

Helping people one property at a time!

05/01/2020

The banks continue tightening up. If you have a HELOC, draw the money out and sit on it. You'll thank me later.

Banks have been retreating from loans tied to housing as the coronavirus pandemic impacts home values and the creditworthiness of borrowers.

04/29/2020

04/28/2020

Some FREE high level webinars coming up this week.

“Workforce Housing: How to work with tenants during coronavirus”

“Economic and Community Impacts of COVID-19 on South Florida,”

“Seven Cs of Leadership during the Coronavirus Crisis”

And more. Check them out and get informed.

UM, FIU, the Miami Association of Realtors and Bisnow have virtual talks this week.

04/13/2020

Love when your title company keeps you informed of what is happening in the cities regarding lien searches.

04/13/2020

Credit score of 700. And down payment of 20%. Chase leads banks in tightening up requirements for new loans.

JPMorgan Chase, the country's largest lender by assets, is raising borrowing standards this week for most new home loans as the bank moves to mitigate lending risk stemming from the novel coronavirus disruption.

04/12/2020

Buyers are pressing pause with all the uncertainty.

The owner of a multimillion-dollar condo in Miami Beach had his real estate agent cancel a showing last week. The reason? The prospective buyer, who was flying in from New York, was feeling under the weather. “My client said he’s not permitted to enter the property,” said Douglas Elliman agent...