developers capital realty raising cash for your good deals: Developers Capital Realty Gets New WebSite - 09/08/08 08:35 AM

 
 
Hello all
Its been a while, but DevelopersCapitalRealty.com   has gotten a make over on its old website.
Now, its not perfect yet, just much better. We have big plans, and its just in the beginning stages.....
 
We are working on some things, like auto responders and the contact me forms, but all in all, its a cleaner look.
We are also working on the Fla Deals page, which will showcase Fla properties and bulk purchase opportunities available to some qualified buyers.
We will soon have an auction page, full of details and final dates to get in … (3 comments)

developers capital realty raising cash for your good deals: How to Make A REO Bulk Purchase In Easy Steps, By Mike Norvell Sr - 08/07/08 02:59 PM
 

Today I had the pleasure of trying to break a bulk REO package deal down into an investment structure rather than a complicated series of hundreds of houses. The guests' name was David, a professional marketing consultant who was trying to understand the process of Buying bulk REO packages and then carving them down into smaller pieces.
The process of dealing in a volume of properties that are scattered across the country can be a bit overwhelming. Developers Capital Realty, LLC, has a plan to bridge this process, and will work with selected Realtors, Property managers, contractors, Title Agents, … (11 comments)

developers capital realty raising cash for your good deals: Home Prices Keep Falling In Fl - 07/26/08 01:06 AM

 
I found this list the other day, I can't disagree with anything butthe order...If this is the list, how would you rewrite the order by level of importance to declining home prices.
 
    Top 20 reasons home prices will continue to drop in South Florida    1. Home prices are still overvalued by at least 20% to 30%    2. The cost of housing has grown faster than local wages    3. High property taxes are still a concern for first time home buyers    4. Insurance premiums are increasing to unreasonable levels    5. First time homebuyers are priced out of the … (11 comments)

developers capital realty raising cash for your good deals: Investors are Calling on Developers Capital Realty,,finally - 07/18/08 06:08 PM

 
As a result of many things going well, but not perfect, I have come full circle.
As I stated in a previous post, I have been working with investors on larger land deals, nice big stuff with huge back ends. Suddenly, a fund manager says" Hey Mike, who do ya know that could put together a portfolio of single family homes all in one area, and set up the property management too?
Well, squirt me down and call me Shirley. Didn't I gleefully walk away from this about 5 months ago?? But, after a bit more questioning, I realize … (8 comments)

developers capital realty raising cash for your good deals: Investors Business Daily interviews Mike Norvell Sr - 07/18/08 04:35 AM
Hello World
 
Active Rain has put me in the eyes of the world again!
Due to my participation here, I have been chosen again for an interview with Investors Business Daily.
 
http://www.investors.com/editorial/IBDArticles.asp?artsec=27&issue=20080717
 
I'm am not really sure how 15 minutes of conversation gets reduced to a paragraph, but I am pleased to be mentioned in the article.
So, thanks to Active Rain, I am having another 15 minutes of fame. My wife is proud (she is such a sweetheart!) and it has to help to be quoted in these times.
I really do enjoy working with investors and … (3 comments)

developers capital realty raising cash for your good deals: Super Deal On an Industial Park..Developers Capital Realty - 07/14/08 01:17 AM

 
Wow...the liquidity crisis has created more deals and steals than you can shake a stick at. I opened my email early this morning to yet another PAGE of bank portfolio packages that have dropped their cash price since just last month.
Condos, houses, office buildings, strip centers, motels...If you have a cash client that is looking for unbelievable deals in Fla, then please give me a call.
But the deal of the year may be a 57+ acre industrial park in Central Fl.  Developers Capital Realty is heavily involved in putting this deal under contract, its now with the … (0 comments)

developers capital realty raising cash for your good deals: Lake County Fl is still A Great Bargin - 07/13/08 03:54 AM

 
 
Lake County Fl is a growing community. The City of Leesburg is where I live, but I work all over this county and the surrounding counties. After years of being a sleepy little communty,the world found us and suddenly nice little developments sprung up in all directions.
Like the rest of the country, Lake County , Fl went a little crazy with subdivisions over the last few years. As the market cooled, we have a totally revamped community with nicely developed subdivisions full of amenities. We have communities with beautiful entrances, and with homes for sale for much … (11 comments)

developers capital realty raising cash for your good deals: Why Leesburg, Lake County Fla is Still A Great Place to Live - 07/12/08 05:37 AM

 
On a Saturday morning, I am reading the paper in my small town of Leesburg Fl. Its a bit cloudy outside, and the squirrels are running about preparing for the coming rainfall.
Its a small town compared to our neighbors, Orlando to the East and Ocala to the North. It nice to know that there are these big cities around us, keeping all their traffic and crime away from our area.
But Leesburg has some really great qualities. We have access to the Harris Chain of Lakes, a nice sized mall, and most of our area schools have good … (2 comments)

developers capital realty raising cash for your good deals: Is it a good deal or not? - 07/07/08 03:08 AM

Recently I was asked for my opinion about some condos going for less than half of what they were going for a year ago..I do not know the area, but condos on the beach for 177,000 seems very cheap..There are always factors to consider though, and things like HOA dues and taxes still reflecting a 450k price tag are just some of them. 
Here is my answer,  I hope it helps one other person that takes the time to read it.
************************************************
Dear Jason
What would be valuable to me is to know what the other distressed situations are going … (3 comments)

developers capital realty raising cash for your good deals: Do You Have An Open Mind Or SHould I Quote Jason Sardi? - 07/01/08 02:39 AM

 
A week or so back I read a post by one of my favorite AR Alumni, ol Jason Sardi.
It is a bit over the top, even for me, but I give him credit for putting it all on the line. Or at least drawing a line and stating
 THIS IS WHERE I STAND, LIKE IT OR NOT
 
The name of his Post was " If your mind isn't open then shut your mouth too!"
 
This last few days put me into a position to reconsider many of my views. I try to move only forward; sideways … (16 comments)

developers capital realty raising cash for your good deals: Mike Norvell Sr will need Help Soon!!! - 06/23/08 10:45 PM

 
This week the papers and media in general are alive with stories of failure and losses. The stock market is jumping around and gas prices are rising.
Housing in general is continuing its slow downward spiral and Detroit is laying off more workers in their SUV plants. Its not a rosy picture, is it?
But wait, it appears there is more activity on the investor side of the market. Investors are seeing its time to get busy, and are activley seeking newer properties at bargin prices.
I, Mike Norvell Sr,  work for Developers Capital Realty. We work primarily Commercial … (9 comments)

developers capital realty raising cash for your good deals: Going For the Big Guys - 06/23/08 09:03 PM
 

Going for the big guys.You know, the ones that when caught, dance on top of the water fighting you every inch of the way back to the boat. Those who know, know. Its not easy bringing in the big ones
As a guy who fishes, I think about how important it is to understand what we are fishing for.
If we are on a lake, in a smaller 16 ft boat, we might be going for bass. Bass like lighter tackle and weedless hooks set just right in plastic worms. If you are working around grass beds, and shallow … (8 comments)

developers capital realty raising cash for your good deals: Social or Business Network..AR is Good at Both..U Decide - 06/11/08 02:46 AM
 

Lately I have had the pleasure  of meeting a lot of people. Some of these people were from Active Rain, and I am glad to be a part of such a great forum.
We can reach out and tough people that we would not normally be able to meet, I believe this increases our visibility beyond our wildest dreams.
I just did comment on a Realtors post who was asking for help on a  listing she has on a resort property.  She feels that she has had a large amount of time wasted by dealing with some here  that … (3 comments)

developers capital realty raising cash for your good deals: Distressed Commercial Properties Are Available From Developers Capital Realty - 06/11/08 12:47 AM
 
 

Another week here in Central Fla means there is another ten or more great deals
that Developers Capital Realty has to offer. No kidding, deals are now coming to us in bundles of properties..Some are almost buy one get one free.
The housing crisis has put so much pressure on the builders, the lenders, and everyone in between. Banks are very reluctant to making the decision that is becoming inevitable. Strip Centers, Office buildings, and even medical complexes are feeling the ripple effect as the lenders have no choice but to start calling notes.
Many of these projects … (6 comments)

developers capital realty raising cash for your good deals: China on A Dollar A Day - 06/10/08 12:48 AM
 
 
Now, where is this post going? I have to admit, my subject line in many of my emails
tends to show some age..
It normally looks something like this >>>  RE Re RE RE RE RE RE RE RE RE:  Christmas Party Directions...
I am guilty of replying to a reply and just doing it again and again...At some point we just have make a decision to break the chain and start a new thread. But, what do we put in the subject line? Its basically a potentially publically visalble part of the email, so its not the place … (11 comments)

developers capital realty raising cash for your good deals: NAR SHould Ban Short Sales - 06/02/08 06:38 AM


***************************************************
Update.....Due to the responce on this post,  have contacted our local board and told them I will be forwarding  these replys on for their consideration. Comments with solutions would be appreciated..Thanks
***********************************************

What if we just quit....Yes, If we just QUIT..Just QUIT doing short sales...
For one thing, we would get rid of an entire category of People Complaining about how this bank or that lender is not responding, not meeting deadlines, won't call back, is wasting our collective time and our customers time..For what??
 
What would happen??? The banks would turn on the charm and … (210 comments)

developers capital realty raising cash for your good deals: Only Realtors Have A Clue as to the Housing Crisis?? - 05/30/08 12:57 AM
My preface to this post is a follow up on a Post by Mr Don Rodgers, an experienced veteran of many eras of Real Estate.  He just put out a post against a certain reporter that claimed this is not a good time to be buying Real Estate, and that your home should not be considered an investment.
So I took the time to read the article, and while it was a bit slanted, the guy was doing what most reporters do, and that is to tell a story. Maybe not the whole story, but as written, I could not poke … (16 comments)

developers capital realty raising cash for your good deals: What is the problem with VOWs, I am already married!! - 05/29/08 11:22 AM
Hey..I have been out of touch for a while....SO when Lenn wrote a post about the VOWs not getting the job done, and the problems arising out of it, I was not sure what she was refferring to.  So, off to Google I go, where I find this article from Realty Times...a nice online Mag to look thru. After looking around a bit on Google, I discover that VOW means " Virtual Office Website" being offered by NAR and others. It seems harmless to me, but I have found there is always a problem.
Just today I heard of a lawsuit … (8 comments)

developers capital realty raising cash for your good deals: Changes In The Business, The Rules, The Players - 05/23/08 02:45 PM
I see many things are changing.
Be careful of the banks, what will happen when they cannot balance thier sheets any more.
When banks MUST start dumping the foreclosures....when the FED can't cover....
Who will the banks turn to when the FED Can't cover...Who will the FED turn to when it can't Cover.
I read today that the new numbers are 6000 new foreclosures being filed EVERY DAY.
Remember when I was posting about lowball offers and getting Flack???
Yesterdays lowballs are todays current pricing.
What will todays lowballs mean by next month...Who will be collecting the payments on your mortgage?
(14 comments)

developers capital realty raising cash for your good deals: A Great Day At the Fla Land Conference, Minus Jason Crouch, Sorry - 05/20/08 09:22 AM
Hello All, How's the world treating you.
Me, I'm tired. Its been a long month, with all the moving and weekend at the beach, and non stop working in Commercial Real Estate in between
Today was a great day. I starte early, and got up at 5:00 Am to get ready for a Land Conference down in Lakeland Fla. It was sponsored by Dean Saunders of Saunders Real Estate. Dean really put on a great show, he hosted the event at the Englebrooke County Club in Lakeland, Fl.
It was a standing room only event, with a full house of Whos' … (2 comments)

 
Mike Norvell Sr, Norvell Consulting Group (Morris Williams Realty)

Mike Norvell Sr

Norvell Consulting Group

Leesburg, FL

More about me…

Morris Williams Realty

Address: 34025 Lee Ave, Leesburg, Fl, 34788

Office: (352) 408-7111

Mobile: (352) 408-7111

Email Me

A collection of thoughts and ramblings from one who is known for thinking a little and rambling a lot. Please enjoy the posts and add your thoughts. Together we can make a difference in our chosen field of Real Estate! Get great free widgets at Widgetbox! Get great free widgets at Widgetbox!


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