Updated over 7 years ago on . Most recent reply
Florida's real estate bubble could pop in November
http://www.miamiherald.com/news/business/article21...
I found this article interesting and wanted to share with the BP Family who own investment properties in Florida. The Florida law defines a non-homestead property as a property not used as a primary residence, such as rental properties, second homes and commercial properties. The law has kept those property taxes artificially low, regardless of how much their true real estate value increased over the past 10 years. This could increase properties taxes by 2x to 4x current rates.
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John Thedford
#5 Wholesaling Contributor
#5 Wholesaling Contributor
- Real Estate Broker
- Naples, FL
Sell NOW. I am buying.