February 2018 RSS Feed

Found 2 blog entries for February 2018.



So often I am asked about the Dophin Tower Condominiums on Gulfstream Avenue in downtown Sarasota. Having undergone emergency structural repairs, the project was named a finalist by the Post-Tensioning Institute's Project of the Year Award for Excellence. In other words, the building is structurally sound. In fact, the projects jury comments included, "What they did here was just spectacular."

The building has 15 stories, the first three floors for parking, the rest are residential condos. In 2010, a fourth-floor resident noticed cracks in the walls and floors inside their unit. This resulted in the need for emergency structural restoration and the evacuation of 117 units. A basic nightmare for all involved.

In an effort to identify the cause of the…

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I am often asked about flipping properties, and if the time is right. Here is a video to help you get started. Please remember that I can answer any real estate questions you have, whether buying, selling, or flipping!  

Risk
• Buying a property to rent out is less risky than flipping. You have tenants in place paying you monthly. This will cover the mortgage and leave you a little cash each month to take to the bank. The properties you buy will most likely only need cosmetic items like fresh paint and new flooring.
• Flipping homes may require you to make monthly payments to an investor while also paying for services, materials, selling costs, tax, commissions, etc. You are most likely to buy a house that's distressed and in need of more than just…

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