All Forum Posts by: John Sanders

I believe I downloaded it on audible & listened to it a while back, I will try to find it or just repurchase. Thanks for your help!

I just bought my first property & I will be househacking. I have a tenant ready to sign a lease once the HOA approves him. Can anyone recommend a Florida lease agreement geared toward an owner occupied property or would a standard contract suffice?

I am looking to house hack my first investment property in Palm Beach or Broward county. I have been looking for small multifamily property or a single family house with a detached unit or mother in law suite. 

I was about to make an offer on a single family home in Palm Beach county with a detached 1/1 unit (unit is a legal structure with permits). My realtor called the zoning office & they said after I moved out of the property, it would be considered an illegal rental if I had 2 separate lease agreements on the house & detached unit because the house is zoned single family. I had a very hard time believing this. 

Is this true? Or did the zoning office employee misunderstand the question?

Does anyone have a property management company they recommend in South Florida?

Full disclosure I’m looking to house hack and will be managing my first property myself but I want to make sure I’m estimating potential rental income properly.

I am looking to house-hack in Palm Beach County, I would consider Broward if the numbers are right. Any advice from investors with house hacking experience in this area? Also, I would love to speak with local agents that can help me find a property that fits my criteria.

I’m 24 looking to get started in real estate investing in South Florida (Palm Beach and/or Broward county). I currently live with my parents and I figure a great strategy given my current situation & the market would be to “house hack”.

However, I don’t exactly want to move out of my parents house yet because of the associated costs of living on your own (food, cookware, dishware, toiletries. Etc.). I’m able to save & invest over 50% of my before tax income and would like to continue to do so.

I was thinking of purchasing a multi family property and “living in one of the units” to get the 3.5% down. But instead of living in the unit full time I was going to air bnb/short term rent my unit as much as possible.

My question is, is this legal in South Florida? And if it is, has anyone else used this strategy & found success?