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All Forum Posts by: Michael Hakes

Michael Hakes has started 2 posts and replied 17 times.

Post: Kick em out or no???

Michael HakesPosted
  • Fort Myers, FL
  • Posts 19
  • Votes 6

@Cory Lucas some states have much more tenant friendly laws, ie Illinois, California, New York

@John Thedford for that price and interest rate private financing you can leave $5k in below market rent. Hell you got more than that in appreciation in a few months

@John Thedford how much longer us left ob the lease term? Also that is a pretty awesome deal right now

Post: Please Advise on my Florida Real Estate Plans

Michael HakesPosted
  • Fort Myers, FL
  • Posts 19
  • Votes 6

@Ali Taghikhani Also since you seem to be looking at Florida almost in general and you want to move here, What are you looking for?

Activities vary greatly.

Climate:

Most areas you mentioned are very different if they are any distance from each other. Cape Coral and Fort Myers are much warmer and more humid most the year, Tampa is a little bit cooler at least in the winter, Winter Haven and Orlando are cooler still in the winter typically. I have no experience with Palm Coast however.

Also I know I say cooler to the guy moving down from Canada but give it a year and you will notice.

Any questions about the areas and activities let me know I have lived in/near all but Palm Coast.

Post: Please Advise on my Florida Real Estate Plans

Michael HakesPosted
  • Fort Myers, FL
  • Posts 19
  • Votes 6

I would start looking at your financing side of things now since I think that may be your biggest sticking point. No Credit in US(not certain how that would work) and no W2 income make it more difficult so you will need to look for a company that does manual underwriting. 

Post: Duplex Cape Coral Florida

Michael HakesPosted
  • Fort Myers, FL
  • Posts 19
  • Votes 6

@Anthony Wick The difference between Owner Occupied and non-Owner Occupied is the Homestead Credit of $50,000 you get, ie your tax assessment is $200k with homestead you pay taxes on $150k.

Post: Duplex Cape Coral Florida

Michael HakesPosted
  • Fort Myers, FL
  • Posts 19
  • Votes 6

@Peter Davis that is very helpful tip. Thanks.

@Charlie Moore

Thanks for putting this put there, following this.

Putting a bunch of these on my library list.

Post: Do I pay taxes on flips? YES OR NO!?! SHOOT STRAIGHT!!

Michael HakesPosted
  • Fort Myers, FL
  • Posts 19
  • Votes 6

@Matthew Paul is it weird that my first 2 thoughts are, Do they still make $50 bills and since I haven't seen them in such a long time are there enough.

What is the best way or place to look for small to mid sized apartment complexes?

Is there a good way to find them off market, zoning office maybe?