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 BKâ€¦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 nâ€™ 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
Pro Option Mortgage/ Florida
Ph: 888 662 4404
Prior Service U.S. Marine Corps
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
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.
Sandy Gold - Realtor
The Infiniti Group International
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!
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.
Integra Realty Group, Inc.
12230 W. Forest Hill Blvd. #110
Wellington, FL 33414
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
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
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.
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
9858 Clint Moore Road
Boca Raton, FL 33496
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 email@example.com or give me a call at 1-754-235-3909. Take Care!