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Investment Properties in Sarasota County : Real Estate Advice

  • All109
  • Local Info4
  • Home Buying72
  • Home Selling3
  • Market Conditions1

Activity 13
Wed Mar 22, 2017
Joan Winters answered:
Justin I haven't been to this site in a long time, and I'm sorry that you wrote this over a year ago, because yes there are condos in your price range which offer weekly rentals. I'm not sure how many are on the market at present, but they certainly do exist. Property management for vacation rentals typically run around 20%, but they usually handle the entire transaction, from finding you renters, to security deposit, to cleaning and so forth. Not all associations have on site management, but you can always go through other property management companies, or you can do it yourself on VRBO.com too.

The fees vary with each association.

Please feel free to give me a call anytime.

Joan Winters
941-536-1714
Exit King Realty.
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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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0 votes 2 answers Share Flag
Mon Dec 28, 2015
Diane Christner answered:
Unless the seller has a recent survey available, I would definitely want one. Are you buying a lot in an existing subdivision, or elsewhere? If not in a subdivision, have you checked for scrub jays, which are an endangered species found in that area? If the lot is within a scrub jay habitat area it will be both difficult and expensive to get permits to build. Another question is utilities -- are they available at the street, or will you have to pay to run electricity in from another area? Running electricity to your lot can potentially run $20,000 or more. And I haven't as yet mentioned the cost of a septic system and well for water if water/sewer lines are not available. When buying a vacant lot it may save you time and money if you do your homework up front. ... more
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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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0 votes 2 answers Share Flag
Mon Apr 7, 2014
Jessica Marsh answered:
Single Family Home on the water $895,000 to $2.4 in the 34285 area.
Contact Jessica Marsh at 941-525-0373 for more information.
1 vote 1 answer Share Flag
Thu Mar 6, 2014
denise baker answered:
Are you getting a mortgage on this investment property?
Are you paying cash?
0 votes 5 answers Share Flag
Thu May 16, 2013
Rick Taylor answered:
I came across that acrerage yesterday while prospecting. How much are you looking to spend on your buget?
0 votes 4 answers Share Flag
Thu May 16, 2013
Rick Taylor answered:
Hi Jason,
south Venice offers alot rental properties and limited deed restriction. Call me and I will be happy to help and direct you.
0 votes 3 answers Share Flag
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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0 votes 7 answers Share Flag
Wed Jul 25, 2012
Jon asked:
appraisers? I spoke with a woman today who was sold a house by a realtor in 2008 after the crash. The home is 860 sq ft w no garage or carport, and was sold to here for 68,800. That is…
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