All Forum Posts by: Edwin Duran

Hey guys! Relatively new landlord here.. Quick question, with all these properties in my area appreciating like crazy also comes higher tax bills. I recently bought a new home so I am currently renting out my old place. I had homestead exemption on my first that I will eventually turn over to my new property on January 1st.

How do you guys hedge against these increasing tax bills that will be eating at my profits per month? Is it just as simple as increasing the rents? Since I wont be homestead exempted from my first property anymore, I will be forced to pay the full bill.. Some of the pitfalls of RE investing not a lot of people talk about...

Hey y'all! 

As the title says.. describe your first commercial transaction(Multi-unit - say about 25 units and above)..IE sales price, money put down, area and any other useful info. 

At this point, I've been able to close on two personal properties and would love to dabble in commercial properties. Its a lofty goal, but would be something I'd love to accomplish in the near future.

Thanks,

Edwin

@Brian Zaug

Holy moly, kudos to you my friend.

@Jayden Hamilton

I am far more interested in knowing how in the world you accumulated the properties and all that cash at such a young age.. impressive for sure.

Hey folks! 

I need some help with trying to narrow down the appraised value of a home. I understand it wont be 100% accurate, but I wanted to get a better idea. I've got some comps to go off of if needed.

Any professionals on here that can help?

Very good point.

I hear what you're saying, what kills this property for me is the HOA. At $844 mortgage a month I'd be much more comfortable. The $278/ month on the HOA is killer.

Hey folks,

I am getting ready to close on my wife and I's dream home. We currently live in a townhome we bought back in 2018. My question is should I consider selling or renting it out? (Part of me doesn't want the hassle of being a landlord)

Bought for $128,000 back in 2018 and used conventional financing at 5% from what I could remember with down payment and closing costs it was about $12k or so. 

Monthly payment which includes principle, interest, taxes and HOA is $1,122. Currently I owe about $113k. Realtor.com tells me I can likely pull $180k.

I am in central Florida and believe I can pull about $1,200  for rent at the very minimum. The property is in very good condition as we swapped out all carpet and put in vinyl flooring and painted. 

What do you professionals think?

Thanks! 

@Tyler Gibson

I wouldn’t recommend seminole, only because those looking to stay near the parks would have a bit of a drive

Hey all! 

Question for my Florida realtors. Does a realtor, who is representing a buyer know the offers and their exact figures? 

Edwin,