Jeff Tumbarello is a Real Estate Investor, Mortgage Broker and Founding VP of SWFL REIA. He has materially participated in rental properties, waterfront spec homes and buy & flip transactions as, well as originated over 800 mortgage loans. Jeff is also veteran of the USMC and served in Dessert Shield and Dessert Storm. Jeff is from Stuart Florida and has lived in SWFL for over 10 years. Jeff  is married to Cristina nd have 3 children.  His primary expertise is deal engineering. Jeff is currently focusing on the Mortgage Business, acquiring undervauled properties and, acquiring non-performing notes. Jeff is available for questions on the above area's. If you have a deal and need a partner or a mentor

About The Association

The S.W. FL. Real Estate Investors Association is dedicated to providing networking and educational training for individuals who are interested in real estate investing.

Jeff thankyou. I think it is important for people to understand your point. I just had someone call me yesterday to look at a "deal" that turned out to be pretty much like your duplex scenerio. Sometimes if it is too good to be true it probably is a big dynamite pig. That was a great grfic by the way.

Mary

Jeff,

Thanks for the great analysis. It is one thing to talk about taking a close look before you purchase and it is another to out line it step by step. I liked the contact info for Pat as well. Most people would say call the city.

Very well done, I learned a lot.

Thank you,

Chet

 Thanks for sharing Jeff and Mike. There are some interesting points to keep in mind when checking out these properties.   Dean

Nice Jeff, right on the money....

Thanks,

Eric

 Thanks - great example!   It should be up to the Seller to provide docs  to the RE agent showing this is a true duplex...as part of the listing...a seller's disclosure on this property might be interesting to see. There's more wrong with the property than all the details - but then at that point, you were smart to walk! The RE broker should have done some due diligence himself before he made the representations he did! Would have been a scary property to get involved with, even at that price! Thank you very much!  An eye opener!   Pam