All Forum Posts by: Kevin Kohler

@Zachery Potts

If you live in the property you can claim homestead exemption which will save you about $1000 per year on your property taxes.

Otherwise, your taxes won't change being in state or out of state.

The 2% guidance is good for the SE section of FL(Miami-Dade, Broward, Palm Beach). Verify county by county.

Need any additional help in the SFL area I am happy to send resources.

Which areas are you researching?

@David Kochubey welcome to BP!

This is a fantastic community and I think you will find your journey a lot more enjoyable with the BP community having your back! I'd love to connect and share any notes I can.

There are some good meetups and things starting to get back into physical meetings and always the forums, webinars, and site tools on BP are fantastic.

@David Maggard make sure your lender is cool with it being vacant. Some want performing properties only. This sounds awesome!

@Nick Koukidis speak with @Dan Leyden

@Sheri Lowrance

There are many complexes that allow this in South FL from Miami, Hollywood, Ft. Lauderdale, etc. While your just starting this exploration, I would love to get you the info you need to research the area as an option. I'll send you a connection request.

@Sumner Rabin you can get properties that will cashflow and while that's the case you should know South FL is more of an appreciation play versus high cashflow. Happy to discuss the details.

@Mikeal Lyew i have experience selling in Lauderhill and it can be VERY tricky depending on the association and community she owns in. I would love to send you some tips to pass on, so please reach out when you have a moment. The request of the association to get more investors is beyond awkward and out of the ordinary, though I can't stress enough how backwards a few of the associations in Lauderhill are.

I'll send you a connection request.

Welcome @James Despopoulos

BP is a wonderful place. Definitely would love to connect and hear more about your goals. BP is such a fantastic community!

@Albric Rosa most lenders will not allow you to get a loan to cover downpayment.

However, there may be other creative ways to achieve what you want to do. House hacking is an excellent way to break into the market!

@Barbara Chaney

The first lauderdale area also has little variations whether it's the South Side, near Wilton Manors, Pompano, etc. Would love to discuss further in greater detail.