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24 June 2024 | 4 replies
But it seems that property taxes will increase extraordinarily high next year and coupling that with expensive home owners insurance.
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25 June 2024 | 17 replies
Their business model is designed to scam homeowners for months on end and since it's an LLC the owner is legally protected.They will ask you to waive the first months rent and security deposit, once in the house they will refuse to pay, give you fake numbers or tell you to call someone else.
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24 June 2024 | 0 replies
The Programs includes or covers:- Up to $2.5B in second loan purchases- A maximum programs duration of 18 months- A maximum loan amount of $78,277- A minimum seasoning requirement on the first mortgage of 24 months- Only for Primary ResidencesThe effect of a guaranteed government backed second mortgage for homeowners would be significant and likely put eligible second mortgage terms in line with below market FHA and guaranteed first position mortgage rates.
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23 June 2024 | 1 reply
Renter may break contract early with $5,000 penalty and 30 days noticeAdditional context: Hawaii is a hard market for locals and first time homeowners to enter.
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24 June 2024 | 2 replies
The portion of your homeowner's insurance attributable to the rental unit can be deducted.Building a basement apartment can provide valuable tax deductions if you rent it out.
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24 June 2024 | 11 replies
Keeping your payment in the range of rents (allowing for expenses a homeowner will pay and a tenant doesn't) tends to keep owner-occupants on track.Your attorney or an attorney-owned title company can create the docs and manage the closing.
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25 June 2024 | 8 replies
Which also means he may not end up with much money back to the sell it all or cash out refi Are you you going to try to have two insurance polices: (cousin a’s home owners policy and cousin b’s landlord policy?
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24 June 2024 | 9 replies
Vacancy rates:The overall office vacancy rate in Tampa is 9.4%, which is below the national average of about 13%.For residential properties, the homeowner vacancy rate is 1.0% and the rental vacancy rate is 4.2% in the 33619 zip code.Days on market:Specific data on days on market wasn't provided for Tampa overall, but the median days on market for homes is 89 days according to one source.Promising areas:The Westshore and Downtown Tampa submarkets have seen increased occupancy, with an uptick of 175,000 square feet over the past year.The Westshore submarket has seen its vacancy rate drop by 100 basis points year over year to 12.5%, hitting a four-year low.Rental property insights:Tampa has a high percentage of renters, with 53% of the population renting rather than owning homes.The median rent price in Tampa is $2,941.Market trends:Tampa's real estate market has seen strong appreciation, with a total appreciation of 129.39% since Q1 2000, at an average annual rate of 4.41%.The city is experiencing population growth and an influx of young, educated professionals due to increasing employment opportunities.Regarding your interest in a brand new construction SFR with live and work usage, this could be a promising investment given Tampa's growing population and the trend of people seeking to live close to their workplaces.
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23 June 2024 | 2 replies
Some parks allow rentals while others only allow homeowner occupied units.
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23 June 2024 | 1 reply
In my experience, there are some parks that allow investors to do business in their parks and others that only allow homeowners to live in the homes in their communities.