All Forum Posts by: Jonathan Wiesniak

Ron Desantis wants to eliminate property taxes in Florida most likely via a constitutional amendment for voters which would require 60% to pass.  If he were to submit this, I'm fairly certain it would pass regardless of the consequences of doing so like for example much much higher sales tax in the 13-15% region.   Big ticket items like cars, boats, and disney vacations would increase greatly.  

As a broward county investor, I'm not exactly expecting a boom in prices over the next 3-5 years.  But the idea of saving $10k a year in property taxes sure is appealing.  Although I have a hard time believing his proposal would include investors.  Fingers crossed.

Seeing as though Florida's economy is largely vacation driven, I feel as though large sales tax increases might actually find them seeing decreased revenue from the orlando areas seeing as though Disney prices are already in bubble territor



Thoughts on any of this ?

I’m about to list my 4/3 for rent in broward for the first time and trying to price it portly.  Is there a way to gauge rental demand before hand other than speaking with other realtors in the area ?  

Anyone know in demand is high or slowing up ?

I own a house in South Florida worth about $650k.  We are planning to rent it out and move to Massachusetts. I Have about $320k in equity.  mortgage all in is $2600 / month and a conservative rental estimate is $3700-$3900.

The tricky thing is my wife will move first, and I will follow her about 3 months later.  Her income will not count towards the new mortgage as she just finished up lengthy stay at home mom duties.  Im going to need the rental income to show for the mortgage as I think we will come up short in what loan amount we are looking for.    

So my question is, will the rental income count even before I have a lease agreement in place ?  And is it $3700 - 3900 x 12 months all multipled by 75% for the income calculation ?  

The point of this is, I wanted to move from house in S. Fl to house in Mass.  Not move to an apartment  in Mass. for a few months while looking for houses.