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All Forum Posts by: Vera B.

Vera B. has started 27 posts and replied 45 times.

Post: Hamptons always a hot spot?

Vera B.Posted
  • Rental Property Investor
  • Tampa, FL
  • Posts 48
  • Votes 14

Do we think the Hamptons will always be a summer hot spot? Curious to hear what you all are hearing from the uber rich!

Post: Mortgage, insurance and LLC change

Vera B.Posted
  • Rental Property Investor
  • Tampa, FL
  • Posts 48
  • Votes 14

Need some help figuring this out bc I know people do it and get away with it.

If you buy a home, let's say as a vacation or 2nd home, but decide to Airbnb it most of the time. What's the plan and how do you change your insurance or transfer the property into an LLC? Will the bank care? Guessing they would when they find out you changed your insurance into a rental or business one. They may not necessarily know your house is now under a LLC though?

Honestly any advice and strategy on this topic would be greatly appreciated! Thx!

Post: Are companies really relocating to Florida?

Vera B.Posted
  • Rental Property Investor
  • Tampa, FL
  • Posts 48
  • Votes 14

You hear that companies are relocating to tax friendly states and when I speak to Tampa agents they say companies are moving in but I don’t hear much about Florida let alone Tampa. And if it is Florida, it’s typically in Miami. I hear Texas, Tennessee, Nevada, Arizona....but not a whole lot in Florida. Am I wrong?

And if I am wrong, which neighborhoods will see the biggest appreciation in your opinion?

Post: Which neighborhoods in Tampa Bay will see biggest growth

Vera B.Posted
  • Rental Property Investor
  • Tampa, FL
  • Posts 48
  • Votes 14

You hear that companies are relocating to tax friendly states and when I speak to Tampa agents they say companies are moving in but I don’t hear much about Florida let alone Tampa. And if it is Florida, it’s typically in Miami. I hear Texas, Tennessee, Nevada, Arizona....but not a whole lot in Florida. Am I wrong?

And if I am wrong, which neighborhoods will see the biggest appreciation in your opinion?

Post: Downtown St Pete or Tampa Heights (Florida)

Vera B.Posted
  • Rental Property Investor
  • Tampa, FL
  • Posts 48
  • Votes 14

@Elise Marquette thank you. Very helpful.

Post: Downtown St Pete or Tampa Heights (Florida)

Vera B.Posted
  • Rental Property Investor
  • Tampa, FL
  • Posts 48
  • Votes 14

@Brian Goodling super helpful thank you so much.

Post: Downtown St Pete or Tampa Heights (Florida)

Vera B.Posted
  • Rental Property Investor
  • Tampa, FL
  • Posts 48
  • Votes 14

Looking at new construction townhomes in both downtown St Pete and in Tampa Heights (Florida). Where is the better buy?

St Pete - $650k purchase price with HOA fees of $400/mo and taxes of about $10k/year

Up and coming Tampa Hts - $600k purchase price with HOA of $100/mo and about $7k in taxes.

Plan is to live in it for 1-2 years and then rent it.

Which is the better buy? And does that change if market drops? I'm having a mortgage broker tell me I'm basically nuts for even thinking tampa hts.

Would love to hear your expert local market thoughts!!! Thx.

Post: Downtown St Pete or Tampa Heights

Vera B.Posted
  • Rental Property Investor
  • Tampa, FL
  • Posts 48
  • Votes 14

Hi!

Looking at new construction townhomes in both downtown St Pete and in Tampa Heights (Florida). Where is the better buy?

St Pete - $650k purchase price with HOA fees of $400/mo and taxes of about $10k/year

Up and coming Tampa Hts - $600k purchase price with HOA of $100/mo and about $7k in taxes.

Plan is to live in it for 1-2 years and then rent it.

Which is the better buy? And does that change if market drops? I’m having a mortgage broker tell me I’m basically nuts for even thinking tampa hts.

Would love to hear your expert local market thoughts!!! Thx.

Post: Best up north Michigan cities for Short Term Rentals

Vera B.Posted
  • Rental Property Investor
  • Tampa, FL
  • Posts 48
  • Votes 14

@Melissa Wesling very insightful. Which cities in SW Michigan are best?

Post: Best up north Michigan cities for Short Term Rentals

Vera B.Posted
  • Rental Property Investor
  • Tampa, FL
  • Posts 48
  • Votes 14

@Benjamin Vail yes thank you that would be very helpful!