33175 : Advice

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Javier Olmedo, Real Estate Pro in Coral Gables, FL
Javier Olmedo answered:
we are renting a condo in march and are paying a state tax. What should the state tax be for a $3800 rent?
if less than 6 months rental then 6% is due although some counties like Miami-Dade may add a penny or 1/2 of a penny for local revenue.
0 votes Share Flag Thu Mar 19, 2015 Rentals in 33175
Yanoska Diaz, Real Estate Pro in Miami, FL
Yanoska Diaz answered:
Do landlords have to pay taxes on on income from rentals? Is it risky to rent when you know the landlord wants to have it look as if it's not rental?
It seems you are not asking the question because you may be concerned as a Landlord and therefore I will not recommend to inquire with your accountant. What are you really trying to fin ... more
0 votes Share Flag Tue Oct 7, 2014 Rentals in 33175
Javier Olmedo, Real Estate Pro in Coral Gables, FL
Javier Olmedo answered:
Does florida have a rental tax that tenants have to pay monthly ?
Less than 6 months = Yes
6 months + 1 day = No
0 votes Share Flag Fri Oct 3, 2014 Rentals in 33175
Javier Olmedo, Real Estate Pro in Coral Gables, FL
Javier Olmedo answered:
I HAVE A TENANT IN A SFR I OWN IN MIAMI, FL. THE PROPERTY AT THE MOMENT IS UNDER FORECLOSURE IT JUST BEGAN
what ever happened here...hmmmm
0 votes Share Flag Fri Oct 3, 2014 Foreclosure in 33175
Javier Olmedo, Real Estate Pro in Coral Gables, FL
Javier Olmedo answered:
Foreclosure properties
Steph,

I think Short-Sale is more the appropriate term????? Foreclosed homes already were re-possessed and pre-foreclsoure means that it is in the process of bank/association taking ... more
0 votes Share Flag Fri Oct 3, 2014 Foreclosure in 33175
TERRY MCCARL…, Real Estate Pro in Cape Coral, FL
TERRY MCCARLEY answered:
If a family member buys a home and has home as rental property and I live there and pay all costs and they make 0 income does she have to pay tax
Dan Tabit gave you an excellent answer! Real estate agents can't give you tax advice.
1 vote Share Flag Sun Sep 28, 2014 Rentals in 33175
Mangquell Ha…, Real Estate Pro in Miami, FL
Mangquell Hayes answered:
Can a house in foreclosure,listed at a bank agreed short sale price- be removed from the market by the owners or refused to be shown?
Yes. The owners still have possession. It is their decision to sell or not. They don't have to show if the dont want to. Contacting the attorney is not going to help much either. O ... more
0 votes Share Flag Mon Jul 28, 2014 Home Buying in 33175
Ana M. McNatt, Real Estate Pro in 33131
Ana M. McNatt answered:
foreclosure is listed for sale, offer made house ,goes off market. One month later house is back higher offer made house is taken off market-why?
Properties that are in foreclosure and listed for sale are also reviewed by an appraisal shortly after it is foreclosed. Many times the Realtor that does the first review of the market ... more
0 votes Share Flag Thu Jul 17, 2014 Home Buying in 33175
Andre L Sham…, Real Estate Pro in Miami, FL
Andre L Shambley answered:
in the miami area, are there any banks/mortgage comp willing to mortgage homes with 5% or 10 % down payment. excellent credit scores two incomes
Good evening,

While I do agree with the advice some of the professionals have posted, I was informed after speaking with the mortgage banker on my team that if you have a FICO score ... more
1 vote Share Flag Sat May 22, 2010 Financing in 33175
Ian A. North, Real Estate Pro in Miami Beach, FL
Ian A. North answered:
Hi I plan to bid an a 4/3 2 car garage,pool 2800s/f 9000 s/f lot in the 33175 zip code area . Construction
Hello Luis: Are you going to an auction? If you are be caerfull not to be caugth in the euporia of the biding process. If this is going to be your home, you need to take the time to stu ... more
0 votes Share Flag Fri Jul 31, 2009 Home Buying in 33175
Nice Profile, Real Estate Pro in Miami, FL
Nice Profile answered:
I have a residential piece of land 27000 s/q free and clear.I have about 300000 equity in my homestead.I
Luis the idea is a good one. If I was you, I would get an estimate on the value of the land and depending on the area, you will know if you need to use the equity in your homestead. Ord ... more
0 votes Share Flag Wed May 14, 2008 Market Conditions in 33175
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