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All Forum Posts by: Kristin Kiddy

Kristin Kiddy has started 10 posts and replied 197 times.

Post: Flip Wars Is So Off Base

Kristin KiddyPosted
  • Real Estate Agent
  • Ormond Beach, FL
  • Posts 215
  • Votes 157

Been watching Flip Wars and boy o' boy is the fake shining through.  The auction scenes just can't be real.  First, where is everybody else?  Here in Volusia County all the auctions are done on-line.  I can't believe south Florida is so behind the times that they actually hold auctions in public for an entire region (from Fort Lauderdale to Sarasota - how many different counties is that?) at the same amphitheater ;)

But even more so, I can't get over the roofing prices.  Replace an entire roof including underlayment and facia/soffit repair on an 1800 sf home near the ocean for 13k?  More like 23k!

Your thoughts?

Post: Moving into a home after jan 1

Kristin KiddyPosted
  • Real Estate Agent
  • Ormond Beach, FL
  • Posts 215
  • Votes 157

@David Jesse You are right.  You have to have possession of the property on or prior to Jan 1 to homestead for 2020.  You will be responsible for taxes (non-homesteaded) for 2020.  These will be based on your purchase price.  Remember, property taxes are paid in arrears.  That means 2020 taxes will be due Jan 1, 2021.  (You actually have until March of 2021 to pay, but many people actually pay early for a discount, November 2020 for example).  


So in your case, between Jan 1, 2021 and March 1, 2021 you will have the opportunity to homestead for 2021.  Your 2021 taxes, due Jan 1 2022, would be discounted with your homestead qualifications.  If you miss the March 1 deadline, you'll have to wait till the following year.  Depending on the previous homeowner's homestead history (how long they have lived in FL, widow, etc), your homestead discount could be completely different.  Never look at past tax records to determine property taxes in FL.  I recommend you call or visit the property appraisers office in your town once you've moved and get all the details from them.  There are some things you can do to start the process early, but I don't think it changes how much you will owe.

Post: New construction in Daytona Beach referrals wanted

Kristin KiddyPosted
  • Real Estate Agent
  • Ormond Beach, FL
  • Posts 215
  • Votes 157

@Chris Moore, I've done quite a bit of remodeling work here in the area.  I know a number of people in the industry.  I haven't worked with any general contractors personally, but a lot of my contacts have and may be able to at least steer you away from problem ones. 

Post: Real Estate Agent asking for money

Kristin KiddyPosted
  • Real Estate Agent
  • Ormond Beach, FL
  • Posts 215
  • Votes 157

@Sean Abrahamsen You would get it in writing that the fee you are paying would be credited upon closing.  Then I would make sure the title company is made aware of the amount because they are the ones who calculate all the closing costs you would be asked to pay.  

Post: Real Estate Agent asking for money

Kristin KiddyPosted
  • Real Estate Agent
  • Ormond Beach, FL
  • Posts 215
  • Votes 157

I disagree.  I like the idea of charging a small fee up front ($200 to $300).  There are too many people who want all the expert advice and then drop the agent like a rock as soon as they get their answers/info.  My broker has 30 years of experience in real estate investment, commercial real estate, and rental management.  He can provide market analysis and real estate investment planning for his customers that is tailored to their specific needs and goals.  He is thinking about charging a small fee upfront to be credited back to the buyer/or seller at time of closing.  This shows that the customer is committed to him and prepared to actually move forward with their investment.  And if they don't buy or sell anything, then they got an amazing education at a very cheap price.  (I feel very lucky to be working with him.  I'm learning a ton every day). 

Post: Davenport/Kissimmee FL - Rental Investments

Kristin KiddyPosted
  • Real Estate Agent
  • Ormond Beach, FL
  • Posts 215
  • Votes 157

I think the best answer I can offer is to consider cash flow over appreciation.  If you are looking for something to provide good cash flow, a mobile home on it's own land, might be a really good option.  However, you are not going to see the same kind of appreciation that you would see with a "stick built" (concrete built since we are in FL) home.  Your land may appreciate but the house itself will not contribute as much (or possibly any) value in the future.  

You may also want to consider a third option, which is very common in other states but not very common in FL, and that is to go with a manufactured home. This is NOT a mobile home. It is built in a factory and then attached to a normal foundation on the site. It is built with regular floor joists and framing, regular drywall, regular subfloor, not a metal chasis. It follows the local building codes for all construction, NOT the HUD codes. Once it is installed, it is considered to be a "stick built" home. It will never be relocated.

Post: Can I use listing info and photo on my website to send referrals

Kristin KiddyPosted
  • Real Estate Agent
  • Ormond Beach, FL
  • Posts 215
  • Votes 157

To post MLS listings you need IDX approval from the association. Gets pretty technical and the best place to get info is from the association. There are also legal issues for using other agents' listings in your advertising. Be careful.

Post: Banks that do 80%+ HELOC's on FL SFH investment property?

Kristin KiddyPosted
  • Real Estate Agent
  • Ormond Beach, FL
  • Posts 215
  • Votes 157

I had a good experience with Intracoastal (Flagler and Volusia Counties)

Post: Rental Market Palm Coast Florida

Kristin KiddyPosted
  • Real Estate Agent
  • Ormond Beach, FL
  • Posts 215
  • Votes 157

@Wendy Lavana they show up every now and then. Pm me and i can give you more details.

Post: How to tell a Realtor you are going to go with someone else?

Kristin KiddyPosted
  • Real Estate Agent
  • Ormond Beach, FL
  • Posts 215
  • Votes 157

Please just say something!  It is so disheartening to be ghosted by a customer and not know what you did wrong or why they have stopped responding.  Anything you say is better than saying nothing.  Good Luck!