All Forum Posts by: Ron Alexander

 Ok so basically there are no way for them to not honor their responsibility with this insurance, they would be forced to take care of it if I understand well? I just want to be precautious

A relative used this title company a few years and he seemed to say when he resold the house he discovered some remaining stuff he had to pay in order to sell the house, however I was unable to get more infos on his particular case

All the best

Hello,

I am buying a single family home in Florida,closing will happen in one week,

I am using a title company that handles the closing and that do the title search to be sure there are no liens,dues etc..

my question is what happens If it is said to be clear and clean and that when I resell the house in 2 months or 2 years or whatever some liens/debts/or others belonging before my first purchase date appears.. would that be possible? if yes what can I do to prevent this from happening,I did of course a bit of search myself but still,I am paying the title company for this so I expect them to do it right and especially to sleep well at night

Thank you

Hello Everyone,

I have a question,I am going purchase a single family home in Florida in about one week around august 15th,on the eventuality that I resale it and have it sold 2 months after,So I had possession of the house for 2 months, is it correct and safe to say that I will only owe 2 months of property taxes? I am basically trying to understand property tax wise how much I will have to pay if I keep the house only 2 months

Thank you

This seems to be why I don't want to have rentals anymore,always something crazy that can turn against the landlord even though Landlord is from good faith etc.. they are for sure going to try to use this argument or whatever they have in mind,cash for keys or worst maybe a lawsuit but I really hope not..let us know how this goes and sorry to hear you are getting this type of troubles

@Samantha Serenes 

I totally understand your fear,I am myself very concerned about those type of problems,I seem to be meet with arguments as it rarely happens,if I worry about those stuff maybe rentals aren't for me etc etc..I just wished there could be a decent shield against those type of problems,people will say there are but i am not convinced yet,everything is OK until it hits you,if it hits you then we all know it may get catastrophic for the landlord,and it seems that being preventive etc is definitely not eliminating all the risks,the answers I seem to get are more like I should calculate if its worth it MONEY VS STRESS .. not really what I would like to hear..

Hello Everyone,

I would be interested if you could share your experiences about doing short term rentals such as AIRBNB etc in SOUTH FLORIDA around the Miami/Fort Lauderdale Area,mainly interesting in the numbers to compare with a traditional yearly tenant,

I know you need to check for zoning restrictions,that a manager eat a bit of the cost and that doing it yourself is pretty demanding and stuff like that

But it really is the return you had that interests me and to know if you would switch to something else or doing it again,

I see tons of beachfront studios in the fort lauderdale,hollywood,sunny isles etc available in the 100K range that seems to be more like Hotel rooms,but if you get a constant traffic with very little vacancy it seems it could definitely makes sense doing it and tempting the adventure

Thanks to everyone

Hello Everyone,

PS:UPDATED(MODERATOR please move or delete this post if needed this may not be the correct section)

I would be interested if you could share your experiences about doing short term rentals such as AIRBNB etc in SOUTH FLORIDA around the Miami/Fort Lauderdale Area,mainly interesting in the numbers to compare with a traditional yearly tenant,

I know you need to check for zoning restrictions,that a manager eat a bit of the cost and that doing it yourself is pretty demanding and stuff like that

But it really is the return you had that interests me and to know if you would switch to something else or doing it again,

I see tons of beachfront studios in the fort lauderdale,hollywood,sunny isles etc available in the 100K range that seems to be more like Hotel rooms,but if you get a constant traffic with very little vacancy it seems it could definitely makes sense doing it and tempting the adventure

Thanks to everyone

Thanks for your comment John

"Having properties mortgaged makes them uninviting to an attorney that may want to see if you have any assets worth taking"

Also this is a very interesting..I was about to bring it up but I am glad you are doing it,my houses were paid in full!which stressed me even more

do you think that even if you have 90% down and just a bit of mortgage on it is enough to look unattractive to lawyer too?my idea would be mainly to use it as you are saying as a sort of dissuasion to lawyers or others without having to pay an interested rate on a too large sum(which I wouldn't want as I d rather have the most cashflow I can spend to live)

I know there are risks everywhere,I love real estate too,the only risks that scares me is the HUMAN in this case and those scenario..

Recession,tornados,fires etc etc I am fine with those

Hi,

I am very curious how to earn so much with so little invested?

if I am taking your lowest number at 1000 per month once everything is paid for (I assume you mean property taxes,Hoa and maybe a liability insurance?) it seems to give at least 16% net return on investment,and this is amazing,any additional infos welcome!(is the unit almost occupied everytime or just a few months to generate that much income? Good luck for the rest

@Bob B. I was maybe thinking of personal experiences from other landlords,I know this may sound a bit extreme but I can totally see these bad scenario happen..