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33626 : Real Estate Advice

  • All28
  • Local Info4
  • Home Buying14
  • Home Selling2
  • Market Conditions0

Activity 983
Fri Oct 12, 2012
Dawn Shea answered:
Hi Steve,
You may be able to get an update from the reporter that did the orginal article for the Tampa Tribune. See the link below. His contact info is contained at the bottom of the article. If you don't get any response via Trulia or the reporter at TBO, I can ask some of my Coldwell Banker Associates who work the area of Tampa to see if they can give you some feedback. Regards - Dawn Shea / Coldwell Banker Residential, St. Petersburg, FL 33704.

http://www2.tbo.com/news/metro/2011/feb/20/PMENEWSO10-tampa-condo-group-sues-insurer-for-repa-ar-8908/
... more
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Fri Oct 12, 2012
George Leone answered:
That is primarily up to the Bank or Mortgage company. It depends how many are in the que.
0 votes 2 answers Share Flag
Tue Feb 12, 2013
Lisa Reeves answered:
Property in older sections of town are constantly being switched from different uses. Unfortunately there really isnt a specific way to tell from search functions that commercial wa converted to residential. The description may say converted warehouse etc. or pictures may show the old commercial styling present. The easiest starting point will be older areas and older buildings. Good luck. ... more
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Fri Oct 12, 2012
Suzy Morris answered:
The tip is work with a Realtor that knows the rental market as knowing the rent is key to your "live rent free." However, here is another interesting idea

203K Strategy: Keep in mind that a 203k would allow you to rehab a property. A am working with a client that looking at getting a 203k loan to change a place with 5 unit to rent to 4 places. This strategy will allow him to get a great deal due to the fact that 5 unit are much harder to finance than 4 unit with 203k. ... more
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Wed Sep 19, 2012
KsMom asked:
Hi. We are considering a job in Azusa. Spouse works in the field of architecture. Azusa job has hours which can be commuted during off peak hours. 2 younger school aged kids, so scho...
0 votes 0 Answers Share Flag
Wed Sep 19, 2012
Lynn Brock answered:
Jasrtk, the property does not appear when the link is clicked. The only way to answer your question is for you to provide an address associated with this property.

Best regards,

Lynn Brock
Brock Realty Inc.
941.313.1234
www.brockrealty-inc.com

Jakob Vossgard, when you make your selection to purchase a property as a rental unit, read through the HOA or Condo disclosures (along with their respective rules & regs addressing rentals. Each community has their own policy regarding rentals, long and / or short term, in addition to the governmental agency may have local ordinances pertaining to rentals.

Check with your CPA and tax advisor prior to buying an investment property to maximize your intent to be sure that it coincides with reality.

When you work with an agent, you will discover that an experienced professional agent will be able to provide you with information to address your questions and help you evaluate your buying power along with financial strategies. There are realtors that are investment strategists and specialize in the arena of income properties.

Best regards,

Lynn Brock
Brock Realty Inc.
941.313.1234
www.brockrealty-inc.com

If you'd like to search the MLS like an agent in real time, you can visit our website and sign up for a free Listing Book account. You will be able to change the search criteria to suit yourself and received morning reports regarding new listings, price changes and recent pendings.
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Wed Sep 19, 2012
nancy kurtzman answered:
Because of it's proximity to downtown rentals seems to do very well in South Tampa. The rental market is very strong esp in this area Nancy Kurtzman Homeward Real Estate South Tampa.
0 votes 8 answers Share Flag
Tue Nov 27, 2012
Loretta Buckner answered:
Buy a single family house, three bedrooms or more, and rent the other rooms out. You can easily cover any mortgage this way.

Of course, you have to deal with roommates, but hey--what's college all about anyway? ;^) ... more
0 votes 12 answers Share Flag
Sun Sep 23, 2012
Loretta Buckner answered:
The numbers (honestly) would work out just about the same if you just rented for the 2-3 years it will take to be eligible for an FHA mortgage. The kind of (hard money) investor you're talking about would charge very high interest, most likely.

Good luck!
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0 votes 8 answers Share Flag
Mon Sep 24, 2012
Sandra Sanna answered:
Hello.contact me and I can help you. Selling investment properties, obtain renters and arrange in house management in Central Florida West Coast. I can get you the best agent for you anywhere in florida right away.
Sandra sanna

Coldwell banker
727 439 4400
Sandra.sanna@floridamoves.com
... more
0 votes 13 answers Share Flag
Tue Sep 11, 2012
Jeff Metcalf answered:
There is no way to state an average because all condos/townhomes will have very different monthly fees. Your best bet is to contact any local real estate office and ask them. They will have all current data for all communities in their area. Good luck!

Jeff Metcalf, REALTOR(R)
Watson Realty Corp.
(904)495-0115

www.Realty2Reality.com
... more
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Mon Feb 2, 2015
Mary Ann Pasquarello answered:
New homes in the Tampa area are now at great prices. My advice? Do not rent. Prices are going up and you will miss out.
0 votes 13 answers Share Flag
Fri Sep 7, 2012
Krcoleman1983 asked:
Does anyone know any realtors that take section 8 in the Grande Oasis.
Thanks
0 votes 0 Answers Share Flag
Tue Sep 11, 2012
Annette Lawrence answered:
717,
You are likely to encounter the reality that lenders have no interest in mortgages this low. Quite frankly, there is no money to be made. (of course there may be an exception out there)
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Secondly, from what you have shared, the applicant for the loan may only 'marginally' qualify. Which means you need to lower the price point...and even fewer lenders will have interest.
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At the $50,000 or less price point you are in a cash market. And you will need more cash than $50,000.
You will need to invest in repairs, appliances, flooring, etc.
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You may need to move in with mom and SAVE, SAVE, and SAVE some more.
... more
0 votes 8 answers Share Flag
Wed Sep 12, 2012
Luis Amoretti answered:
Hello Holly ,I will be glad to help you you can contact me at 813 774 8383.
0 votes 2 answers Share Flag
Wed Sep 12, 2012
Danielle Sharp answered:
What kind of budget are you comfortable with? There are some manufactured homes very close to Fort Myers Beach that do not have huge fees and where you own the lot. If I can be of any assistance feel free to contact me. ... more
0 votes 5 answers Share Flag
Mon Oct 29, 2012
Alma Kee answered:
Yes, you should have received title insurance when you bought your townhouse (or is it organized as a condo?). Look at your HUD-1 Settlement statement if you cannot locate your copy of your title insurance policy. Contact the title company where it closed and ask them how you can get a copy of your title insurance policy. If you cannot locate your settlement statement and cannot remember the name of the title company you can search on the Pinellas County Clerk's website for official records and when your deed was recorded it will probably have the name of the title company.

Normally townhouses do not cover insurance for the building butcontact the manager for your association to verify what your HOA (or if it's actually a condo), insurance policy covers.

Your HOA can even direct you to the insurance agent that can give you a copy of your coverage for your new lender that is requiring you to get insurance.

Hope this helps.

All the best,
Alma Kee
www.SoldOnTampa.com
... more
0 votes 8 answers Share Flag
Sat Aug 10, 2013
Scott Godzyk answered:
Perhaps, your first step should be to meet with a local and trusted loan officer who can prequailfy you at no cost, they will look at your credit plus financials and depending on how much you have for a down payment or closing costs, they can outline what may be available,. Anyone else is just guessing without going through the motions. ... more
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Thu Nov 22, 2012
Pamela Clark answered:
It all depends on location and condition. How long will it take you to renovate the cheaper properties to get to income level. what kind of rent does the property command and is the neighborhood on its way down or up in regards to market. Highly distressed neighborhoods are becoming rental areas which brings down the value of single family owned properties. My advice would be to find a distressed property in a rather stable community. You will purchasing below market value, and your renovations will pay off in the long run in both increased rental value and resale vale in the future. ... more
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Tue Oct 29, 2013
Danielle Sharp answered:
Depends on the flood zone & elevation of the property. Contact an insurance agent for specifics.
0 votes 5 answers Share Flag
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