All Forum Posts by: Deb R.

@Mary Erickson

Thank you so much for your response.

I’m sorry to hear about you not being able to get your unit fixed up and rented which is exactly my worry. If I cannot get the help I need to get the purchase livable then I cannot move out of my current property to either sell or rent. However, I am working on a plan to get enough of it livable to move into the purchase then I could get the current house on the market to sell, if no one bites then rent it. After hearing your comment and if I can only get the purchase half completed it seems like just sprucing up the current property to get it rented would take less time. Now the kicker, no one has a job so how can I imagine my tenant pool will be there? I live near Disney World which should be a good thing except in the current state of things. So many factors, thanks again for your input.

Been trying for over a year to buy a personal SFH so we can get out of the current one to rent or sell. Finally under contract and the appraisal price came in above my offer yay me. However it is $5000 below the previous appraisal done within the last 6 months (I was not told the date of it). So what seemed like a good deal and could even be considered a good deal still, except for the virus has hit the fan and made everything crazy.

Considering we will live in the purchase for about 10 years is it still a good idea to close? Do I have options other than backing out?

My main concern is that the place needs work and I cannot do it all myself so will need to hire for some things. Some people are posting that workers are not showing up because of the virus so if I cannot get the place ready to move in then what? Or if I manage to get us moved in then will there be buyers or renters to put the current home on either market? I say this because of the posts about cancellations to move in / out. If people aren't moving how can my plan work out now? Also, lots of STR in the area that may need to change to long term. I really can't think right now. If anyone has any words of wisdom please post away and thank you!

@Luke Ski

What makes you think it’ll be that bad?

@Cliff H.

@Tyler Mulcahy

What I have noticed is high HOA fees usually mean resort condo therefore STR.

Is the pool standard or does it have extra features that over the top resort-style? That is a good tell IMO

@Jeff Schneider but it also says tax empty homes at 2%, so he will be taxed for two of his three homes right? I suppose he has help living in those to get around that or something?

@Ricardo Lopez thanks I'll check it out

@Kristin Kiddy thank you I thought I remembered septic was separate and that the price was high. I really appreciate you confirming that.

Anyone know a good home inspector in the Kissimmee area? Hopefully one that is reasonably priced. My agent has someone that wants to charge $515, seems high to me and I cannot find any information on him outside the email he sent. Also, is it normal for inspectors to cover septic too or is that indeed a separate specialist inspector? Thanks so much for any help, this time crunch around the 4th is really making all difficult. Happy day to all.

So you would be removing the option of tenants using a garage because there will be another unit, correct? I an experienced investor can answer this but how much does removing garage or storage space reduce value to a renter? Will you need to reduce rents in the other units because of this conversion?

(imagine a boisterous voice) You spent how much on that cup holder?!

I think that would be interesting to compare it to a CMA an agent would supply, I might take you up on that thank you.

The seller designated title company last time so this is a new one for me. 

I am not talking Mortgage insurance as I am not financing more than 80%, I am strictly talking title insurance. I know the lender gets insurance (lenders policy) to cover them if someone comes making a claim on the property but what covers me (owners policy) and how do I make sure I get it? The property has had many owners and it worries me. 

How do I correct this? I will speak with my agent but if I am going to be spending so much more on this deal then do I just cancel or get them to agree to supplying title services and title insurance?

Thank you for the help. I'm going to go breathe in a paper bag now.