The Orlando Real Estate Rescue with Dustin Geroski & Giancarlo Orozco
Apr 30, 2024
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Join Dustin Geroski and Giancarlo Orozco in a challenging real estate rescue in Orlando. They navigate a complex foreclosure with innovative solutions and collaboration. From securing a mobile home to overcoming trust issues, witness how they turn challenges into opportunities in this heartwarming story.
Dealing with multiple mortgages and occupants' circumstances required innovative problem-solving skills.
Successful collaboration among team members and creative finance strategies turned a complex foreclosure into a profitable venture.
Deep dives
How the Deal in Orlando, Florida Was Discovered
The deal in Orlando, Florida was a complex foreclosure situation that required meticulous problem-solving. A member of the Sub Two community, Australia, brought the deal to the attention of the speaker due to his expertise in dealing with foreclosures. The property had multiple challenges, including two mortgages and occupants facing difficult circumstances. The team had to navigate various obstacles to convince the occupants that selling the property was feasible.
Collaborative Efforts and Negotiations for the Deal
The successful completion of the deal involved a collaborative effort among team members. A mini-mastermind session with partners and a broker led to strategizing the deal's feasibility. The team negotiated with the occupants to provide them with enough funds to secure a new residence. Utilizing a private money lender and a handyman for property rehabilitation facilitated the smooth transition for the occupants.
Transforming the Property and Achieving Success
The property in Orlando, Florida was transformed into a pad split arrangement, ensuring a profitable exit strategy. With eight beds and four baths, the property offered substantial revenue potential. By securing a private money lender's support, the team could maintain the property, conduct renovations, and anticipate a positive net income of approximately $2,000 post-refinancing. The innovative approach exemplifies the power of creative finance in real estate investing.
Welcome to a new episode of Get Creative! Ever wonder how real estate can change lives? Join us on an Orlando adventure with Dustin Geroski and Giancarlo Orozco as they navigate a complex foreclosure situation. This isn't your typical deal - a unique family scenario throws a curveball, requiring innovative thinking and creative solutions. But Dustin and Giancarlo aren't afraid of a challenge! In this episode, you'll witness the power of discovering unconventional strategies to make the deal work for everyone involved. You’ll see how these experts solve problems under pressure and turn tight spots into triumphs and witness how thoughtful real estate strategies can make a real difference in people's lives. This episode goes beyond closing the deal. It's about transforming challenges into opportunities and creating success stories through collaboration. Tune in and see how Dustin and Giancarlo turn a near-impossible situation into a heartwarming rescue!
Highlights:
"It's like one of those Rubik's cubes with not normal sides but like triple the amount of sides."
"We brought in a couple of mathematicians just to help us dissolve this thing."
"The only issue with this lead was that she had two mortgages."
Timestamps:
02:27 - Initial Challenges of the Orlando Deal
07:10 - Phase Two Begins: Strategic Planning
08:27 - Securing a Mobile Home for the Family
09:07 - Ensuring the Family's Move
10:38 - The Importance of Squading Up
11:06 - Navigating Mortgage and Trust Issues
12:41 - Financial Strategies and Partnership Dynamics
15:59 - Community Impact and Personal Growth
22:41 - Closing Remarks and Future Plans
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