http://www.condofiasco.com My pre-construction condo in Miami Wed, 04 Jun 2008 13:06:50 +0000 http://backend.userland.com/rss092 en David Sutta of MIAMI (CBS4) covered the story last night. Watch the video here http://www.condofiasco.com/2008/06/04/on-local-news-last-night/ This is it folks. I got the letter from Related that closing is on June 6th. Pretty sad. 99% chance I will walk. Had an idea to do a reverse auction. More on that later today. http://www.condofiasco.com/2008/05/30/5-days-left-till-i-lose-the-condo/ So here's the update. I got a call from a friend...the same one who told me to buy in the first place. He said someone from the Plaza called him and said the 'units were moving' that is to say, they were selling. Hard to believe right? Well, for ... http://www.condofiasco.com/2008/05/07/a-very-successful-failure/ I know it's been months. My apologies to those faithful readers who were left hanging. The truth is I was just too upset to write about this. The saga continues actually. The deadline is May 26. I got some news about the condo but let me get acclimated to thinking ... http://www.condofiasco.com/2008/05/01/hello-again/ I put together a spreadsheet outlining a recovery plan. It is based on a 5.5% 7 year ARM. That means I would have to sell the unit in 2014. According to much I've read, that is when the demand will have exceeded supply. It is also based $5000/year taxes, rent ... http://www.condofiasco.com/2007/11/10/recovery-plan/ I haven't updated the blog lately for a couple of reasons. The main one is that this whole thing has taken a toll on me and I needed a break. Time to spend some time with my family and not let this whole thing rent space in my head. The ... http://www.condofiasco.com/2007/11/10/okan-update/ Those of you who have contributed so far know that when you buy your link I email you my phone number in case you have any issues or just want to chat. Some of my new friends of CF have done exactly that. One of those was James Svoboda. James ... http://www.condofiasco.com/2007/11/03/friends-of-cfrealicitycom/ Today Realtor Robert Keppel joined the family. He is a realtor in Tampa, FL. I took a look at his site and saw some condos for sale. I was surprised to see that listing prices have kept up in Tampa. A 2 bed, 2 bath Condo with 1242 ... http://www.condofiasco.com/2007/11/02/friends-of-cfselecttampahomes/ So maybe I'm not so clever huh? So far, thanks to all my new friends, I've been able to raise $887.50. That's because I sold 25 units. Still have 9,927 to go and time is running out. http://www.condofiasco.com/2007/11/01/money-raised-so-far/ Another interesting addition today was the Real Estate Investment Club Directory which lists clubs throughtout the nation. I've actually attended a few meetings at some of the local clubs. It's a great place to meet real estate professionals, stay up on what's new, learn from the pros, and offer your ... http://www.condofiasco.com/2007/11/01/friends-of-cfreal-estate-investment-club-directory/ Interesting that BuyVacationCondos.com bought in today. I was actually wondering how hard it would be to rent out my condo to vacationers. As I was reading about the advantages of vacation condos, it made more and more sense. Because rentals are short term, vacationers pay a premium and the ... http://www.condofiasco.com/2007/10/31/friends-of-cfbuyvacationcondoscom/ Today NorthFloridaNewHomes.com joined the family. So I did a little research...to see who my new friends were. NorthFloridaNewHomes.com is a full service brokerage in Jacksonville, Florida. They specialize in new homes and condos. Sean M. O'Brien ... http://www.condofiasco.com/2007/10/30/friends-of-cf-northfloridanewhomescom/ So far the friends of CF include title web sites and mortgage websites. I was missing a property appraiser website until today! Amcor, LLC joined today so I went to investigate who they are. Amcor offers appraisal services in Miami-Dade, Broward, Collier, and Monroe county. Visit the website and ... http://www.condofiasco.com/2007/10/25/friends-of-cfamcor/ Bob makes a good point that the developer should seriously consider renegotiating the price of the unit. After all, there are probably tons of people who will simply walk away. Wouldn't it benefit them to negotiate a more realistic price and guarantee income. I would really like to hear from ... http://www.condofiasco.com/2007/10/22/renegotiate-with-related-group/ I will confess that finding something very exciting to write about mortgages is very difficult. But I wanted to say something about LoanNetwork.com, who bought a link from me before yesterday, so I went to their site and read through some of the pages. To get this out of ... http://www.condofiasco.com/2007/10/21/friends-of-cfloannetworkcom/