All Forum Posts by: Hector Fuentes

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $198,000
Cash invested: $20,000

Fixing the property while it was under contract. Having it reappraised and closing with only 20k in the deal.

Thank you so much in Davenport what are taxes like do you have to get any special approval from the city or county. Because my numbers are about the same but. I worry if there’s any additional taxes for vacation rentals I am not taking into account. Thank you so much for your answer that makes me feel better is insurance for a house with a pool a lot higher.

I am looking to self manage I have long term rentals this would be my first vacation Rental. The house has no HOA also pool is that a plus or more expensive than what it is worth. I am looking at 2 one with a pool and one with out a pool. My biggest worry is I am not taking into account something I know taxes for long term rentals and with depression it's not really an issue but with a Vaction I am not sure how much it would cost. But the margins look good I want to try it but I want advice to make sure I don't miss something obvious.

I wanted to know how much typically from gross income goes to the bottom like after taxes and everything in Florida for vacation rentals I am in Orlando Kissimmee area. I was looking to buy a house and have a mortgage on it to vacation rent. But I need to know what I will be looking at as take home after experience what are margins like 40% 50 % 30%. What should I expect. Thank you