What happens if there is a special assessment? 

It doesn't matter what your favorite guru is telling you.Vouchers are generally assessed annually and the amounts can, and often change.

My siblings and I are building a home in North Port, FL.Here are the numbers:Finished Home Value: $412KishLand Cost: $19,750.39Construction & Permitting Costs: $304,897Additional costs: - Environmental Site Assessment - General Liability Insurance - Builders Risk Insurance - Construction FinancingWe will be listing the home this weekPhotos coming soon!!

Lenders often consider a percentage of that rental income when assessing your borrowing capacity, which could make it easier to qualify for a new loan.Market Conditions: Analyze the real estate market in both your current area and the area where you plan to buy.

Risk Assessment: Consider vacancy rates, potential repairs, and unexpected expenses.Once you're comfortable analyzing a few deals, you’ll be in a great spot to pull the trigger on your first property.If you need help with financing or want advice on what options might work for you, feel free to reach out.

Your HOA will likely keep increasing and because of the excessive heat, roofs get replaced more than in other areas and if the HOA is not super liquid, that will come back to you in the form of an assessment.

Get pre-approved for a loan, set up alerts, and assess older properties.

Just make sure you’re comfortable with the repayment terms.Cash Savings: If you’re hesitant to dip into your non-retirement savings, try to assess whether you could use a portion of it for the flip while keeping enough for emergencies.

Assess your liquid savings (cash, short-term investments) and allocate a safe portion for your real estate investment.

In most markets, there is a cap on tax rise when you own the property, but once it sells, it goes uncapped and you will owe the full tax on the current assessed value.