Realty411 Magazine The Future of Real Estate is Here | Page 21

SBD Housing Expands to Florida
F
or the past 10 years,
Marck de Lautour,
owner of SBD Hous-
ing Solutions has been fo-
cusing on the metro Kansas
City area for investment
properties. His Rolodex of
investors includes clients
in Australia, New Zealand,
Canada and California.
Now with the success of
hundreds of deals in the Mid West, SBD
Housing Solutions is now expanding oper-
ations to Florida, specifically Tampa.
Recently we interviewed de Lautour to
get an inside glimpse of how this savvy in-
vestor is able to scoop up quality deals with
built-in equity before anyone else does.
By Lori Peebles
of time so it certainly helped in getting the
property turned quickly and efficiently.
The SBD Housing Solutions Team
(SBD) started researching in the Tampa
Bay area back in Jan 2012 and didn’t get
our first buy until June 2013! Not fast, but
we had to learn the market and we went
through 3-4 different cities before settling
in on the Bradenton / Sarasota area.
Acquisition Phase
Research Phase
Question: How did you land your latest re- Q: What were the terms of the sale?
A: Cash, closing fast. Got them down from
hab deal?
A: It was an MLS opportunity, the owner list price of $295, down to $264K. Then
got it SOLD for $369,900 in under 70 days.
occupant needed to sell.
But it was undervalued even at that price.
Q: What are some tips you have to research Q: How did this deal compare to other
deals you’ve done?
a property or area?
A: You have to have someone local on the A: We typically buy on the courthouse steps
ground that is firmly entrenched in the mar- so having to wait 30 days to close on the
ket, able to jump on deals when they come purchase was a bit different! But we could
up. We were very patient. Our company get our contractors inside the home ahead
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PAGE 21 • 2014

Rehab/Maintenance
Q: Was the property rehabbed or was it a
light cosmetic fixer?
A: It was a cosmetic fixer upper, but there
was an upstairs loft that converted eas-
ily with one wall built, into a 4th bed-
room. Probably increasing the value by
$10K-$15K with that addition alone. The
rest was dolling up the bathrooms and
kitchen with granite and travertine, and the
whole house with some phenomenal dark
hardwoods floors!
Q: How does this rehab compare versus
the properties in the past?
A: Of all the homes we have completed
in Florida this was the easiest. Extensive
cosmetic makeover would describe it, ap-
proximately $25,000 of capital invested in
the remodel.
Management
Q: How long was the property held? What
tips do you have for managing an asset?
A: Just 68 days prior to contract accep-
tance, then 25 days to close. Work with
people you trust — simple as that. Have
fun — laugh and learn from mistakes, and
Continued on pg. 86

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