All Forum Posts by: Tyler Austin

Nice 2/1.5 Townhome in the Portofino Community. HOA of $175/mo. Includes pool and lawn care. Quick clean-up. Can either flip or great rental property. Roof and Siding covered under HOA.

Property would make a great AirBnB, or long term rental. Located in Shalimar which is minutes from Fort Walton Beach, Destin, and surrounding Beaches. Close to Eglin and Hurlburt Field Air Force Base.

Estimated repairs needed: $5,500
Paint, Door Knobs/Fixtures, Carpet (Top two bedrooms), Step Railing Spokes (Only a couple), Deep cleaning

Estimated Rent: $950-$1150

NOTE: PROPERTY IS $3500 DELINQUENT IN TAXES AND $600 DELINQUENT IN HOA. NOT INCLUDED IN PURCHASE PRICE. Property Appraiser

Click For More Photos ARV: $125,000

@Wes Dial I just seen this thread. I appreciate you mentioning me @Jamin Solomon . Wes, How are you doing? What have you done so far? Have you made a decision on your path? If you came here and made a post then that means you know you need to, so if you have not started anything, do it!

I am looking to bring in more cash buyers/investors into our mailing list for discount properties in, the following counties in Florida:

Escambia County,

Walton County,

Santa Rosa County,

and Okaloosa County.

Our primary county is Okaloosa, however we cover across NW Florida.

Contact me here, or head over to:

https://www.floridacashrealestate.com/home/investo...

You can sign up for out listing there!

Thanks!

- Tyler 

Ill finally get to attend again lol

I am purchasing a property in Fort Walton Beach FL. I have received a few quotes on HOI, ranging from 1800 to 2400. The covered on the high end is much more and comprehensive than the lower. I do not mind paying the money if it is good coverage. However, I do not want to pay more and then do a claim and not get coverage. So my question for those in Florida, who do you use for your insurance, and have you made a claim and had success. This property is half acre with a primary home 4br 2 1/2 bath, and a 1 bed one bath. A nice white plastic privacy fence, metal roofing, 3 other sheds, new a/c, home water filter system, just to name a few key selling points. I'm set to close at 312,500, I'll be living in main unit and renting the 1 bed one bath for 750-800. 

This will be a property I like in for a while, enjoying the space which I could not otherwise have for the 1250 a month which would be out my pocket after deducting rental income. I currently rent a home for 1295, and it's only 1400 Sq ft on a small lot. 

Enough rambling. Any advice how to handle the HOI? 

I was trying to get the mortgage including tax and HOI for 1800, but it seems it will now be closer to 2000.

Why am I always out of state for these lol... 

Hoping I can come! I am down near Tampa at the moment, trying to be back Wednesday afternoon. 

@Zach Westerfield did you have remodel costs covered?

Hello BP!

I am throwing this out here because I am trying to see if somebody knows of an option I do not. 

I am looking a a place in Shalimar, Fl -- Right next to Fort Walton Beach, Niceville, and Destin. 

It is pretty run down, and I estimate 100,000 or so in rehab costs. The lot defiantly listed for way less square footage than it truly has, due to a garage bedroom conversion, a lot in the 2 car garage, and some other additions. If I get the prices I want. I will get it at 70 sqft. and After repair value is safely 135. Currently its listed as 1800 square feet, but I think it has closer to 2300-2500. 

Basically, traditional loans will not finance 100K in rehab costs. I know hard lending is an option, I am trying to have least down as possible. Initially I wanted to use my VA loan, but that wont work in this case.

Can anything offer any loan structure they may think would be worth looking into?

What credit score do you look for in Tampa area for renters, for apartment rooms.