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Investment Properties in Sarasota : Real Estate Advice

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  • Home Buying430
  • Home Selling28
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Activity 7
Tue Jan 17, 2017
Diane Christner answered:
It depends. It would be helpful if you provided more information as to what your goals are in purchasing a property -- investment income? Future retirement home?

There are other options as well on this coast for potential rental potential, such as Bradenton, Venice or Englewood.

There are a number of forums and blogs out there that can provide more specific information about each area. I would also recommend visiting your top choices at least twice to gather info first hand before making any decisions. Sometimes what looks good on paper does not pan out in reality.

As an absentee owner you should factor in costs such as property taxes, insurance, maintenance and a property manager if you will not be living in the area.

Good luck with your search.
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Tue Nov 29, 2016
Diane Christner answered:
$500 a month is more realistic on a condo rental in the 34235 area code. As already mentioned, A typical 2 bdrm/2 bath condo in say The Meadows rents on an annual basis for say $1250 per month. Monthly condo fees can easily run between $300 and $400 per month. Property taxes and insurance can easily run another $200 - $250 per month. Once you factor in for reserve funds for maintenance of your unit and for income taxes, a net return of less than $500 a month is likely.

Regards,

Diane Christner, GRI, SFR, CNE
Bright Realty
Sarasota, FL
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Tue Sep 8, 2015
answered:
It depends. Tying up all your cash in owning homes outright can limit your options. In addition to that, mortgage money is cheap right now so you may be better borrowing and then investing your money to get a higher return. It doesn't take much of a return in the market to outstrip what you would pay in interest on a loan ... more
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Fri Sep 4, 2015
Joan Winters answered:
Tue Jan 13, 2015
Paul & Reshia Wheeler answered:
My husband and I have specialized in small apartment buildings for the past 13 years. Let us know if we can be of assistance.

Sincerely,
Paul and Reshia Wheeler

PaulWheeler@KW.com
941-928-2708
www.PaulandReshia.com
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Thu Mar 6, 2014
denise baker answered:
Are you getting a mortgage on this investment property?
Are you paying cash?
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Fri Apr 26, 2013
Jules Roman answered:
I invested heavily in 2003 here in SW Fl. I was brilliant until the crash, however in hindsight, we should have seen it all coming. The bottom was hit last year and you should have bought then. We cant identify a bottom until it starts to recover. Never the less, It is still it great time to buy, due to the fact that, like Gold, Real Estate has intrinsic value. We will someday see the effect of the Fed's printing press on the US dollar and when inflation ineveitably rears its ugly head, things that have intrinsic value will increase in dollar denominated terms, not that they are getting move valuable, but rather the dollar is loosing its value. so for the long term, Yes buy something that is in limited supply and enjoy its long term rise against Fiat currencies.

I specialize in Cashflow investment properties that return a good ROI now, but offer a huge hedge against inflation in the future. Feel free to call me with any questions

Jules Roman
Broker/ Owner
Tarpon Coast Realty
1693 Main St
Sarasota Fl 34236
941.366.0000 office
800 376-1408 fax
TcrJules@gmail.com
http://www.TarponCoastRealty.com
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