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Updated almost 7 years ago on . Most recent reply

Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Pismo Beach, California
  • Member since Jan 10, 2018
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Pismo Beach, California
  • Member since Jan 10, 2018
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Account Closed
  • Pismo Beach, CA
8
Votes |
17
Posts
Buying & Selling Real Estate

Florida's real estate bubble could pop in November

Account Closed
  • Pismo Beach, CA
Posted

http://www.miamiherald.com/news/business/article21...

I found this article interesting and wanted to share with the BP Family who own investment properties in Florida.  The Florida law defines a non-homestead property as a property not used as a primary residence, such as rental properties, second homes and commercial properties. The law has kept those property taxes artificially low, regardless of how much their true real estate value increased over the past 10 years.  This could increase properties taxes by 2x to 4x current rates. 

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John Thedford's profile image
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John Thedford
  • #5 Wholesaling Contributor
  • Real Estate Broker
  • from Naples, FL
  • Member since Feb 7, 2013
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John Thedford's profile image
John Thedford's profile image
John Thedford
  • #5 Wholesaling Contributor
  • Real Estate Broker
  • from Naples, FL
  • Member since Feb 7, 2013
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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
6,551
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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
Replied

Sell NOW. I am buying.

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