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Boynton Beach : Real Estate Advice

  • All652
  • Local Info49
  • Home Buying189
  • Home Selling17
  • Market Conditions51

Activity 503
Mon Apr 10, 2017
Kathy Burgreen answered:
You need to learn what lease option / rent to own is because if you don't have $10,000.+ to put down on a home, then you don't qualify to do lease option.

LEASE OPTION OR RENT TO OWN:

You will sign a contract with the owner/seller that has terms in favor of the seller - not you.
You will need a large upfront deposit (at least 20%).
You will be required to pay a monthly rent + a premium rent that goes towards the down payment and/or price of the home. Your monthly rent will be more than $2,350..
If you don't buy this house or don't qualify for a mortgage loan, you lose all the money you paid.
The owner/seller keeps all of your money (deposit, rent payments & premium rent payments). There are no refunds. It says so in the contract you will sign.

And you wrote that you don't want to pay rent anymore? My answer - too bad, so sad.
... more
0 votes 1 answer Share Flag
Fri Mar 24, 2017
Jacquie Yekmalian answered:
Hi Teedmink,

Go West my friend, go West.
Areas West of State Road 7 have homes on some land that will make you and your Greyhound doggies very happy. I would suggest you look in Royal Palm Beach and The Acerage, West Lake Worth.

I specialize in Pet Friendly Communities. If I can be of help please contact me.

Jacquie Yekmalian
Realtor/Broker/Owner
Blue to Green Realty
www.isellflahomes.com

Take a look at my link called Pet Friendly on my Website.
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0 votes 1 answer Share Flag
Fri Feb 24, 2017
Jessica Bateman answered:
You can search for FHA approved condos on the HUD website. For more information on finding and getting approved for FHA approved condos visit

https://thelendersnetwork.com/fha-approved-condos/ ... more
0 votes 9 answers Share Flag
Wed Feb 22, 2017
Nina.e.rusk answered:
DO NOT BUY a GL HOME. All smoke and mirrors. They will say anything to get you to buy! Buyer Beware! Go somewhere else if you want to be happy in the end. Everything is an upgrade- everything and the basics are cheap and ugly. Their model homes are beautiful but you are not buying a model home. Do your homework!! ... more
0 votes 13 answers Share Flag
Wed Feb 22, 2017
Nina.e.rusk answered:
Buyer Beware. They have a greta sales pitch to get you to buy. But the facts are that you are being sold a storyline and will be disappointed.
0 votes 20 answers Share Flag
Mon Feb 20, 2017
Jonathan Klurfeld, Esq. answered:
We service Palm Beach, please give us a call or email and we can see what we can find for you in your price range and narrow down the community. 561-771-4457 or info@hkrealtyfl.com

Seller pays commissions so having an agent from the area certainly helps you being from out of town.

Your budget sounds reasonable to get a 4/2 in a good community, with or without an HOA.
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0 votes 1 answer Share Flag
Thu Feb 16, 2017
Shelbie Vangenderen asked:
Just moved down here after recent cancer DX
And can't establish a safe, rental unit so that I may begin my treatment, that accepts a Section 8, 2/2 unit.
0 votes 0 Answers Share Flag
Thu Feb 16, 2017
Shelbie Vangenderen asked:
Just moved down here after recent cancer DX
And can't establish a safe, rental unit so that I may begin my treatment, that accepts a Section 8, 2/2 unit.
0 votes 0 Answers Share Flag
Mon Jan 30, 2017
Jonathan Klurfeld, Esq. answered:
Yes a $14,000 buy in and $8,000 per year membership required per the MLS. Most listings that mention golf have memberships.

If you are looking you should use an agent who has access to the MLS and the full details of properties. Remember that as buyer seller pays your agent's commission (out of the sale proceeds) so it really cost you nothing to use an agent.

If you need assistance in Palm Beach please give us a call or email at 561-771-4457 or info@hkrealtyfl.com and we can help find you a property without a membership requirement
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0 votes 1 answer Share Flag
Wed Jan 18, 2017
Thomas Martin answered:
http://www.florida-mortgage-lenders.com/florida-mortgage-updates/186-stated-florida-mortgage-lenders.html

We do stated down to 550 case by case on primary homes! 3.Alternative Documentation (“Alt-Doc Cash Flow”) for Non-Owner Occupied or Second Home properties and Business Loan requests.
The below information is a summary of the minimum Florida stated loan documentation requirements for each Income Documentation Program. For additional documentation requirements, refer to the Income Doc Charts in this section of the Guide.
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0 votes 14 answers Share Flag
Wed Jan 4, 2017
Jacquie Yekmalian answered:
Hello,

The buyer is not required to give you a copy of the inspection report. You can ask for it and maybe even offer to pay a nominal fee for a copy.

Good Luck
Jacquie Yekmalian
Blue to Green Realty
isellflahomes.com
... more
0 votes 2 answers Share Flag
Wed Jan 4, 2017
Jacquie Yekmalian answered:
Hi Jonathan,

I would call each city to see if they are offering anything. The most known program is called SHIP.
I just helped a women get into a townhouse in West Palm Beach through that program.

Good Luck
Jacquie Yekmalian
Blue to Green Realty
isellflahomes.com
... more
0 votes 2 answers Share Flag
Fri Oct 28, 2016
Jonathan Klurfeld, Esq. answered:
Are you looking to rent a property or buy an investment property to rent? If buy then get pre-approved for a loan before doing anything to see how much you can afford. If looking to rent, then it will depend on the landlord as all have different standards they want. Some may take lower credit applicants and some may require a few months down to guarantee them in case of default. ... more
0 votes 3 answers Share Flag
Mon Oct 17, 2016
Stephen McRory answered:
>>FLORIDA MORTGAGE BROKER

If you could purchase with only 3% down with No PMI, this may allow you to step up into the 350 to 450k range.

Or...

If you qualify, believe it of not, 80/10/10s are back and being offered to borrowers ... more
0 votes 10 answers Share Flag
Sun Oct 16, 2016
Stephen McRory answered:
>> FLORIDA MORTGAGE BROKER RESPODING..

Unless you have more in assets, mark my words, don't waste your time as "that dog won't hunt" as no Private Investor in their right mind will even consider such a deal.

Maybe I'm wrong. If I am, contact me after you have closed to let me know.
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0 votes 2 answers Share Flag
Sun Oct 16, 2016
Stephen McRory answered:
>>FLORIDA MORTGAGE BROKER RESPONDING...
-
Yes, just need to make sure the payment from the HELOC for the down payment is calculated property and added into your DTI (debt to income) ratios

This is actually a good option, given the potential interest write off savings and if you have other retirement savings or savings you could then pay off other non tax deductible debt that could also help your DTI and the loan programs you could qualify for, etc.
... more
0 votes 3 answers Share Flag
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