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All Forum Posts by: JW Franz

JW Franz has started 8 posts and replied 47 times.

Post: Tampa Luxurious 4Plex generates $2,100 per unit Asking $825k

JW FranzPosted
  • Investor
  • Tampa, FL
  • Posts 54
  • Votes 6
Devon, I am a local Tampa investor and live in Hyde Park. I own a few properties in this neighborhood. So yes, I am interested. Can you send em the address and lockbox if available. [email protected]. My website is www.secondhalfproperties.com Joe
I am heavy in section 8 inspections. It is a must that all windows operate. They must open, stay open and not fall, lock, and seal completely. As you do more inspections you can check this before the failed inspection, and avoid the overnight shipping cost. Best of luck. The inspections get easier as you learn what the inspectors are looking for.
These are easy to fix. Do it all the time or a handyman can install. I order my window balances and parts online at http://swisco.com. Hope this helps you.

Post: A big hello from Tampa, Florida!

JW FranzPosted
  • Investor
  • Tampa, FL
  • Posts 54
  • Votes 6
Welcome Clifford. I BRRR in St Pete and Tampa.
I am looking for a networking group in Tampa St Petersburg area with some experienced investors and lenders. Any suggestions? I have looked on Meetup and there are a lot of listings! most are not well attended and some are promoting their own sales systems and coaching classes. Advice?

Post: Looking for Investor Friendly Title Companies (TAMPA BAY AREA)

JW FranzPosted
  • Investor
  • Tampa, FL
  • Posts 54
  • Votes 6
Bayshore Title. The best.

Post: HELOC

JW FranzPosted
  • Investor
  • Tampa, FL
  • Posts 54
  • Votes 6
I am an investor also looking for a HELOC on my primary in Tampa. I just started with the application today with AmeriBank. Carlos and Daria would you please send me your contacts with TD and Regions. Trustco in Sarasota had a great HELOC program but have a $300k cap on the line.

Post: Broward county section 8

JW FranzPosted
  • Investor
  • Tampa, FL
  • Posts 54
  • Votes 6
I am a Section 8 landlord in Tampa. Each county has their own county housing department. The voucher amounts are set with two variables. First, the house gets a value based on the number of bedrooms in the house and the market rate for rent in that neighborhood (which can be different town by town). There is a maximum amount set by the county for the number of bedrooms. In Hillsborough County, you can call the housing department and ask for the max amount per bedroom. Second, the person or family holding the voucher is assigned a voucher amount based on how many bedrooms they 'need' for there dependents and dependent ages. So a family of 4 many receive a 2 bedroom voucher or possibility a 3 bedroom voucher of the family has two boys vs a boy and a girl, since they can not stay in the same room. To make the matter a bit more complicated the amount of the voucher can change if tenant is paying there own electrical or water. Also, if the family is employed or has other aid such as social security or disability, the voucher holder will pay a portion of the rent. For example if the rent is $1000 the voucher holder may be required to pay $330. A lot of times this amount is about 1/3 of their monthly earnings. When interviewing potential voucher holding tenants you can ask them their voucher amount. They should be able to tell you 1- the number of bedrooms in their voucher 2- the maximum dollar amount of their voucher with and without electrical and water 3- the portion they are required to pay. In summary, call the housing department for the amounts and interview the tenants to get the most rent value for your particular home. I hope this helps...

Post: HELOC I finally found one!

JW FranzPosted
  • Investor
  • Tampa, FL
  • Posts 54
  • Votes 6
Daria (and others), Hello. I was just reading your post from a few months back on your HELOC. I am based in Tampa and I am looking into a Heloc. I had one lined up with Trustco at similar rates to yours, but at the last minute they would only do 60% on my primary residence, stating the have a $300,000 cap. I have no mortgage on this primary property in Tampa. I have a feeling since my primary business is real estate ownership and rental income (own 44 sfh) they may have pushed me down to 60%. How did your loan turnout? Who did you use? Was there a cap on the $? If anyone else is reading. Do you have recommendation for a Heloc resource in Florida? Thank you in advance.

Post: General Liability Insurance- Florida

JW FranzPosted
  • Investor
  • Tampa, FL
  • Posts 54
  • Votes 6
Debra, I am in FL as well. Have you found a good company for the GL insurance, my lender is requiring 1M/2M aggregate. Joe, Tampa/St Pete