All Forum Posts by: Owais Hassan

I think that is a great idea Kevin. I'll have to look into it more. From a code standpoint, is there a difference in code between a storage unit and a dwelling unit? 

Need to find relatively cheaper land and I think that is only possible in more of rural counties. Also, I am not sure if certain neighborhoods would restrict the type of buildings that can be built. Or am I approaching this totally the wrong way?

Thank you Cathy for the info on updated building code. I guess we'll have to wait and see which cities or counties adopt it. I am thinking a tiny house has better chances of getting approved in more rural counties than urban. And speaking of that, is there an easier way to find that out other than calling each county?

Thank you, Stephen, for the detailed explanation of code. Codes are hard to navigate and I really appreciate you explaining them.

Thank you @Joel Hutchinson and @Stephan K. for your replies. I checked with City of Clearwater and they allow Tiny houses but not container houses. However, City of St. Pete does allow container houses. Haven't checked if Pinellas County would allow such a building on unincorporated land. However, irrespective of whether the county or city allows such properties, there isn't much land for sale in Pinellas county and whatever is on the market is very expensive for my budget. So, I think Pinellas county is out of question for me. And this is one thing I didn't clearly mention in my original question but have added an update to clarify.

@Stephan K. so does that mean the AirBnB listings in Clearwater are illegal?

Hello!

I am from Clearwater FL. I have always wanted to build a tiny or container house to put on AirBnB to generate additional income. I lean towards tiny/container houses because it seems to be a relatively smaller investment compared to a SFH.

Does anyone here have experience with such investments? What are some of the best areas to build such a property, say under $50K. 

I would appreciate your insight into this.

 Hi Janina,

I would like to pick your brain on this. When you say Central Florida, do you mean Orlando metro area in general or do you have any particular city in mind?

Thanks,
Owais Hassan

Thank you, for your quick answer @Wayne Brooks.

@Wayne Brooks, Thank you so much for your reply. So, if I understand correctly, even if a property has a 2nd mortgage against it, it would be recorded, and it would also get wiped out as part of the foreclosure process, right?

Thanks,

Owais Hassan

@Wayne Brooks, @Roman M., Thank you for your detailed responses. 

How does one find out about HOA debts, county debts, code violations etc? Also,

how do you research if the property owner has a 2nd mortgage or Home Equity Line of Credit? 

What is O&E report?

Sorry for these seemingly simple questions. I am still learning.

Thank you,

Owais Hassan

I have been monitoring foreclosure auctions in Pinellas County, FL and I need some help in understanding a few things:

1- In some cases, I see the Final Judgement Amount is pretty low compared to the assessed value of the house. Looking at the Final Judgement paperwork at the county website, all that is listed is things like delinquent HOA fees, interest on pas due payments etc. My question is, are you bidding on the actual house or the delinquent payments even though the auction type is "foreclosure"? If a person wins such an auction, what do they win? The house or you just signed up to pay someone's past due bills?

2- How do you search for liens on a property? I have read a few threads here which suggest that this information is public and can be found on the county website. Can someone please provide more guidance on this?

3- If someone holds a lien on a property but it is not recorded in official documents, what is the legal standing of such a lien if you win the auction and the property comes in your possession?

4- What kind of title does one get upon winning a county foreclosure auction?

I would appreciate your guidance on these questions.

Thanks,

Owais Hassan