All Forum Posts by: David Zachery

@Nik Corbaxhi - I’m specifically asking for a creative way to make the transaction happen.  Maybe a 5yr transition period?    I’m aware of the challenges of out of town ownership and we’d get a property mgr.   Yes this person would sell to me.    I would prefer 1-3 month rentals, not too short term.   

I have a close family member who has a home in Florida. My wife, kids and I use it as a vacation house a couple times a year. He may end up selling it in the next few years. I would like to hang onto the property and rent it out when we are not able to vacation there. So that could be mean renting it 8 to 10 months out of the year. Is there a good way or a creative way to make the transaction from my relative owning it to me?  We wouldn’t have the money to buy it, but I was thinking about renting it out and giving him a percentage of the profit while we pay it off. I just want to keep his name safe in case anything bad happens.  Essentially let him wipe his hands of it.   He's very old school and doesn't want to rent it himself.   :)

@Andrea Proeber - I just msg’d you. Thank you Andrea!

@Andrea Proeber, thank you! We’re looking for a 3/2 as a vacation home and to rent it out. What do you think is bringing renters into the area?

@Russell Holmes. Thank you for the info! I’ll definitely check out Mt Dora. We don’t have to be in the Villages. And since Mt Dora is in between there and Disney it might be perfect for getting renters. If I like what I see I might need some help getting something.

Thanks Russell, I was thinking the Villages issue might be that they keep building and so the houses don’t appreciate.   No?  

In those areas you mentioned are there some good spots in which to look where we could potentially have a good rental when we’re not there?  Long term rental as in 3-6months at a time?

What’s a good way to see if a neighborhood is appreciating in value?  We were thinking of buying a place in the Villages, Florida.  It’s close to parents and then we’d also rent it out.   However, I’m concerned that the homes aren’t appreciating much, if any, in value since they keep building.   

Hey Tom, did you ever buy something in the Villages?

On the commissioners auction website I notice on the appraisals there's a land value amt, an improvement amt, and a total. Can someone explain this please? Is this just saying if normal improvements were made the total is what it "could" sell for?

I'm getting ready to attend my first commissioners sale/auction. Do you all study up on the properties being auctioned or do you have time during the auction to look at the specs (minus physically stepping into the house of course)?