Home Buying in Wellington>Question Details

Pal, Home Buyer in Wellington, FL

I am looking to buy in the Wellington and West Palm Beach areas. What are the best rental demand locations in these areas? Regards Pal

Asked by Pal, Wellington, FL Wed Jun 6, 2012

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See programs #10, & #15 below for Investment Properties in South FL.

1) 100% LTV- VA /Debt Payoff on Purchases too
2) 100% LTV- USDA/12 mo. into Chapter 13 BK…OK!
3) 99% LTV- FHA

4) 97% LTV- No PMI and No FHA MIP FEE of 1.75%
5) 95% LTV- No PMI
6) 95% LTV- CONDO
7) 90% LTV- No PMI 2nd Home
8) 90% LTV- JUMBO w/cc
9) 85% LTV- No PMI to Super Jumbo
10) 80% LTV- Invest./Rental

STATED INCOME ALT loan programs to Super Jumbo http://www.statedincomealt.com
11) 80% LTV- FIX n’ FLIP Invest. Prop.
12) 80% LTV- NEW- Stated Income Alt
13) 75% LTV- NEW- Foreign Nationals- Stated Income Alt
14) 75% CLTV-NEW- after Short Sale, BK or Foreclosure
15) 70% LTV- Soft and Hard Money -Stated Income Alt

16) LOT/VACANT LAND LOANS
17) COMMERCIAL PROGRAMS-programs available nationwide

Steve McRory
Pro Option Mortgage/ Florida
steve@pro-option.com
http://WWW.PRO-OPTION.COM
Ph: 888 662 4404

Prior Service U.S. Marine Corps
====
1 vote Thank Flag Link Sat Sep 15, 2012
Hello Pal,
Well, as far as rentals go; anywhere right now is a great rental area. Due to lack of inventory and sellers getting frustrated they are willing to wait it out to find what they really want.

Feel free to contact me by phone or email and we can discuss what you want in further detail.

Morrie "Moe" Finkelstein
Tropical Springs Realty
754-234-0637

Fsun365@aol.com
0 votes Thank Flag Link Sat Oct 13, 2012
Hello Pal,

I live and work in the West Palm Beach area.
There are a lot of good areas to buy and rent.
Please contact me and I can send you a list of available properties that fit your criteria.

James Loftis
561-284-8444
http://realestate911.com
0 votes Thank Flag Link Sat Sep 15, 2012
Hi Pal,

I am an agent in Wellington and also live in Wellington. There is a shortage of rentals here right now and if you are planning to invest into a rental property you will def. have it occupied immediately.

If you would like to get a list of available properties for sale, please feel free to contact me.

Regards,

Sandy Gold - Realtor
The Infiniti Group International
561-860-3321
DestinationDreamHome@gmail.com
0 votes Thank Flag Link Fri Sep 14, 2012
Hello Pal,

Please contact me , I work and live in the West Palm Beach area and will be glad to help you, with this or any other real estate related questions about the area.a
0 votes Thank Flag Link Mon Sep 10, 2012
Pal,

This is going to depend on your budget...
I have recently sold/rented multiple units in this area...

In the last 30 days....
I rented a unit in Olmpia for 3,500.00 large 5 bedroom home....
another on Bahia Isle... for $2,850...

Another thing to consider,,, Seasonally ~ with the Polo Club as a neighbor the opportunities are great!

Check references...
Call me...
(561) 306-7653
0 votes Thank Flag Link Thu Jun 7, 2012
Hello Pal,
Now is a great time to invest in rental property in the Wellington and West Palm Beach area. I have lived, worked and raised my family in Wellington for the past 25 years and grew up in West Palm Beach. I am well acquainted with these areas and can answer any question you might have with first-hand knowledge.

As for rental properties, Wellington is known for their great A rated schools. Many tenants are looking for homes in this school district so that their children can attend these schools. Demand is high and supply is low for good 3 bedroom homes for rent in this area if this fits your budget.

Unique to Wellington are also Seasonal Equestrian Rentals. Many Landlords purchase properties close to the Polo or Equestian Show Grounds and then lease for a 3 to 4 month time period to those who are here in the winter to compete. Rent can be double for these months over what an annual rental would bring with less wear and tear on the home.

There are many possibilities in this area for investers. So give me a call directly and I will be happy to answer any other questions you may have. I can email you all properties that are currently available if you will call and let me know exactly what you are looking for. My contact information is below.

Warm Regards,
Diana Harrell
Integra Realty Group, Inc.
12230 W. Forest Hill Blvd. #110
Wellington, FL 33414
561-906-7644
DianaIsMyRealtor@aol.com
http://www.welcomehometopalmbeach.com
0 votes Thank Flag Link Thu Jun 7, 2012
Pal As you can see from the responses - The Rental Market is not a
problem ' Generaally speaking the " stability of thei nvestment "
consistancy in "return" are now on a different "Playing field "!
Stick to units with good space,well put -,, todether, Be carefull
to buy only in Community or HOA settings that are stable in finances
and management!! Regarless of price range try to focus on
units 3/2 ! As far as appreciatio:-all investments must work
without any-until further notice -to be safe.

Hard to direct you without knowing your investment " parameters":
size of investment ,type of unit, desired investment of cash and rate of return!
Contact me directly and I'll be glad to help. and direct you better!

Bob Brubaker Highlight Realty Palm Beach County Fl. 561-876-6649
Web Reference: http://pbc-realcam.com
0 votes Thank Flag Link Thu Jun 7, 2012
Qualified buyers can purchase rental property with as little as 20% down and rates in the upper 3% range using the RB Program.

I would stay in the 250k and up on rental property purchases in that area. Buy in a desirable price range where most families would want to live and where you'll see the best appreciation.

As a Florida Mortgage Broker who does loans in that area, a Florida Real Estate Investor and a long time Land Lord, I have a unique insight that most do not.

See the a list of programs at: http://www.pro-option.com
0 votes Thank Flag Link Thu Jun 7, 2012
Hi Pal,

A lot will depend on your budget and your preference for either a single family home or a condo or townhouse.

You want an all age community in a good school district. Preferable a property that will allow pets, as that is a request I regularly receive from prospective tenants.

If you purchase a condo or townhouse, you need to make sure there are no restrictions on renting.

Ask a fair market rent and you should not have too much trouble finding a tenant.

If I can be of further service, please contact me directly.

Nadine Mauro
Highlight Realty
561-414-0864
NadineSellsHouses@gmail.com
http://www.floridahouseseller.com
0 votes Thank Flag Link Thu Jun 7, 2012
If you ask the correct monthly rent you shouldn't have any problem in finding a tenant in any area of WPB or Wellington. And, I would say the same thing for most of South Florida as rentals are very much in demand.
What is your budget? I ask because your budget will determine a rental range you should expect. Newer single family homes of 3 bedrooms or more will (generally) rent for more than a one or two bedroom condo. But, they will also cost you more to purchase. If you are considering an investment condo then be sure to verify if there are any buyer or rental restrictions within the community. Many do not allow corporate purchases and many do not allow rentals the 1st and sometimes even the 2nd year of ownership.

Please let me know if I can assist you further.

JOAN LORBERBAUM MOORE
Broker Associate, GRI
Lang Realty
9858 Clint Moore Road
Boca Raton, FL 33496
JoanMooreRealtor@gmail.com
0 votes Thank Flag Link Wed Jun 6, 2012
Hi Pal,

I have a beautiful mobile home that is about to go on the market. It is Pompano/Deerfield area but fairly close to West Palm Beach. Please take a look at the link provided for pictures as this is a one of a kind gem. The upgrades, ceramic, granite and work put into this home hardly compares to some places you would find on the market.

The one I have available it completely renovated from top to bottom and it is one of a kind. New plumbing, sub-floors, ceramic through house. Walls and ceilings are drywall, screened in patio with Tiki Bar (My Profile Pic).Master Bath is a walk-in Jacuzzi tub, one of a kind kitchen with granite counter. I am in the process of making a listing but in the meantime you can see full pictures at http://www.facebook.com/pages/Pompano-Mobile-Home-For-Sale/3… or http://www.pompanomobilehome.tk.

You can also email me at pompanohome@gmail.com or give me a call at 1-754-235-3909. Take Care!
0 votes Thank Flag Link Wed Jun 6, 2012
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