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CONDO FIASCO![]() CONDO FIASCO My Preconstruction Condo Fiasco at the Plaza on Brickell Ave. in MIami Articles
On local news last night
2008-06-04 14:48:00 David Sutta of MIAMI (CBS4) covered the story last night. Watch the video here More About: News , Night , Local
1 week Left till I lose the condo
2008-05-30 13:43:00 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. More About: Condo , Left , Week
A very successful failure
2008-05-08 02:40:00 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 a whole 32 seconds I did…enough ... More About: Failure
Hello Again
2008-05-01 22:30:00 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 about this topic again. More ...
Recovery plan
2007-11-10 15:46:00 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 at $1200/month for the first ... More About: Recovery , Plan
OK?an update
2007-11-10 08:57:00 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 other reason is that the ... More About: Update
Friends of CF:RealiCity.com
2007-11-04 03:27:00 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 is an SEO guy in ... More About: Friends
Friends of CF:SelectTampaHomes
2007-11-02 07:17:00 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 square feet and is located ... More About: Friends , Owners
Money raised so far
2007-11-01 07:30:00 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. More About: Money
Friends of CF:Real Estate Investment Club Directory
2007-11-01 07:09:00 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 services. More About: Friends , Real Estate , Real Estate Investment
Friends of CF:BuyVacationCondos.com
2007-11-01 06:53:00 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 condo remains vacant part of ... More About: Friends
Friends of CF: NorthFloridaNewHomes.com
2007-10-31 03:16:00 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 is the broker. I actually ... More About: Friends , Owners
Friends of CF:Amcor
2007-10-25 08:29:00 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 you will see tons of ... More About: Friends , Owners
Renegotiate with Related Group?
2007-10-23 05:04:00 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 other unit owners. After the ... More About: Group , Related , Rene
Friends of CF:LoanNetwork.com
2007-10-21 20:59:00 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 the way, LoanNetwork.com let’s you ... More About: Friends
CNBC Interview
2007-10-20 23:58:00 Yesterday I drove down to Miami for an interview with Diana Olick. The taping lasted much longer than I had anticipated but I’m not complaining. Diana interviewed three of us. The other two people (Jamal and Barry) had also purchased condos. Barry seemed pretty eager to tell his story even though he was the luckiest ... More About: Interview
Friends of CF:FSBO.com
2007-10-20 19:59:00 FSBO.com is actually an old time friend. You may remember I posted about FSBO sites and FSBO.com ranked among the top sites to post your property ‘for sale by owner’. There are so many places to post your property for sale that you need to qualify them or risk spending all your time posting ... More About: Friends
Friends of CF:Dishola.com
2007-10-20 13:21:00 Man, now talk about a cool idea. Picture this scenario, you get invited to a new restaurant with some friends, everybody orders something but you have no idea what to get. So you get what you think you like. When the meals arrive, everybody digs in and is loving it except you. When I ... More About: Friends
One Week Later: Light at the end of the tunnel?
2007-10-19 02:20:00 Today I took off from work to take care of CondoFiasco. It has been a week since I went public with my idea. I have basically made $600 with the links. Kinda far to go still ($284,400 to be exact). It is though very encouraging. I have made some new friends and at the very ... More About: Week , Light , Tunnel
Friends of CF: HomeLendingQuote.com
2007-10-19 02:06:00 For obvious reasons, my site has been attracting advertisers related to real estate. HomeLendingQuote.com is a network Mortgage Lenders. When you request a quote you will receive offers from five different lenders. More About: Friends , Owners , Elen , Melendi , Mele
Friends of CF: FreeTitleQuote.com
2007-10-19 00:48:00 FreeTitleQuote bought a link today and as I was looking at their site, something occurred to me. Both time I bought a home, I had no say as far as who the title company would be. FreeTitleQuote makes a point of mentioning this on their homepage. Choose your own title company next time…it’s your right. More About: Friends
Friends of CF: LowRateMortgage.com
2007-10-18 23:59:00 Today a mortgage website bought a link. LowRateMort gage.com is an online loan comparison service. I did some research and saw the domain has been online since 1997 (that’s a century in Internet years). For information you can call 1-877-621-5875. More About: Friends , Owners
Friends of CF: CondoDomain.com
2007-10-18 23:38:00 So finally a condo related website bought a link! It is CondoDomain.com. I also had the opportunity to speak with Anthony Longo of CondoDomain over the phone today. CondoDomain.com lists new construction condos nationwide and resale properties from agents and brokers. But most importantly, I became an instant fan of the condodomain blog! ... More About: Friends , Owners
A word to my Haterz
2007-10-18 15:14:00 I’m flattered by some of the comments people have made. I ran some numbers and most (over 50%) of comments have been of either encouragement or at the very least, indifference, but I’ve gotten some comments (which by the way I do not censor) about what I’m doing that have been less than positive. It’s ... More About: Word , Hater
Friends of CF: Bob?s Bargain Beach House
2007-10-18 13:18:00 I gotta hand it to Bob. He really “get’s it”. I love seeing creative marketing ideas. So I’ll start by telling you what I’ve learned about Bob’s Beach House . I’m not too familiar with the Pacific Northwest so I looked up Pacific Beach, WA on Google Maps and saw that it is pretty remote. If ... More About: Friends , Bargain
CBS4 Story
2007-10-18 03:59:00 Yesterday afternoon I went downtown to the construction site for an interview with David Sutta of CBS4 evening news. I think this changed things a bit since now people can attach a face to the site. I remember comments about my anonymity circling and the truth is this whole thing has been pretty overwhelming ... More About: Story , Press
Friends of CF: Hotels And Deals
2007-10-17 23:05:00 I want to make special mention of some of the first sites to buy links on my site because I am especially grateful for the trust they put into my idea. The first site is Hotels AndDeals.com. This site is a hotel booking site run by one of the hardest working people I know. ... More About: Friends
Friends of CF: AC Factory Outlet
2007-10-17 06:47:00 It is very interesting to see the variety of people buying links. This company sells AC and Heating equipment. What I found different about this company is that they publish their prices right on their website, which is rare for companies that sell this type of product. Also, hidden on their site is a ... More About: Friends , Factory , Owners , Outlet
FAQ Page
2007-10-16 04:14:00 There have been a lot of questions so I decided to add an FAQ page. Feel free to add more questions. I’ll try to keep this page as complete as I can. More About: Page
JAIL FOR CONDOFIASCO?
More articles from this author:2007-10-13 17:31:00 Well, not really… I’m still going forward with this. So the biggest impediment to getting my idea going is that there are SEC regulations that must be respected. I looked at the SEC website and found this exemption. And as far as I can see, I meet them. Section 3(b) of the Securities Act authorizes the ... More About: Jail , Asco , Fiasco 1, 2, 3 |




