All Forum Posts by: Steven Darrow

We're in the process of renewing our insurance policies on our apartment and commercial properties throughout Florida, and I'm being told to expect 15% increases across the board for property, liability, crime, etc. and likely larger increases (several hundred percent) on the umbrella policies. Is this consistent with what everyone else is seeing?

Halifax welcomes you as well!

Not sure if they'll do everything you mentioned above or not, but I used R&M contracting for my deck a couple of years ago & were happy with them. I don't think they have a full website but here is the link to their facebook page:

R&M Contracting

I'm looking for feedback on how to best structure a rent to own program for condos in the state of Florida. Generally I understand that it would be structured with a small deposit, as well as higher than market rents, with the deposit and a portion of the rent being applied to the purchase price at closing. Does anyone out there have any success with this, or additional thoughts? Does anyone have a standard contract for this?

Thanks!

We're actually the bulk owner in this case, so we own 75% of the units in the building as it was purchased as a fractured condo deal. We'd like to list the condos for sale, but would like to have a decent lending program in place for buyers

I'm trying to find a lender that will offer conventional style loans on a non-warrantable condo, specifically in Florida. I've found a few lenders that will offer a portfolio product with 20% down payment, but only offering 7/1 or 10/1 ARM's. Has anyone else seen anything better? Ideally I was hoping to find something with 5% or 10% down. It seems lending restrictions on these condos haven't eased much since the recession.

https://www.meetup.com/The-HRM-Real-Estate-Investo...

For some reason the link didn't post last time

There have been a few different meet ups organized over the past several years. The only one that I'm aware of that still exists is this one:

I don't think they've been meeting all that frequently, so room for new ones if someone wanted to create one.

@Pawan Johar - I haven't looked at this in a while but the banks I listed previously were the US counterparts - i.e. lending institutions in the US lending in US dollars.