., tax lien) is sold at auction, are charged 18% per annum.197.432    Sale of tax certificates for unpaid taxes.(6) Each certificate shall be awarded to the person who will pay the taxes, interest, costs, and charges and will demand the lowest rate of interest, not in excess of the maximum rate of interest allowed by this chapter. [...]Translation: Florida is a bid-down interest rate state. 

Talk to a local business banker for guidance.Best of luck with your 2024 investment goal!

John,If your Banker is MIA on the weekends you need a new one.

I bought properties at auctions financed by banks as portfolio loans with the banker going through a checklist of things the mortgage should have.

BUT.... as I know there is a very large development of a Train Station HUB just a few blocks away, I am using my intellect and know that it will eventually increase my rents as the demand for the area increases.Eventually, 10 years from now, and that Train station hub is opened, I will reap the reward of approximately $4k per year or $383 per month increase in cash flow.You cannot do this kind of analysis with a Cash on Cash Return.You need the Internal Rate of Return.When you want to talk to the big boys, the Investment Bankers, the Commercial Lenders, your own Partners, sophisticated investors, etc., you need to understand IRR, how it works and why the one shot CoCR is just not correct.When you really understand these calculations.... the all kinds of scenarios can be modeled.When you understand all kinds of scenarios, you can begin to predict the future with accuracy as you use your God Given Intellect.

@Dyan Gonzales Contact Krista DeBrine at Banker Exchange.

I hear people talk about having a business plan that they take to the banks or lenders to show what they plan to do with a property.i was wondering who is that person that writes up the business plan is it yourself, a developer, architect, a numbers guy or is it all of their information put in a booklet to give to the bankers for the loan.

Sounds like the realator is just trying to insert themselves into the build contract so they can either get some sort of kickback and/or convince the client to award the contract to them instead.

Some say that you have to file a separate civil action (in addition to the actions to remove the tenant)  to be awarded a judgement against the tenant and some things I read online seem to imply you can do them both at once through 1 action. 

However, since the value of a commercial property is almost solely based on the income of the property, investors and bankers alike have grown to love balloon payments and rate resets.