Updated over 9 years ago on . Most recent reply
Closed on new rental
So we just closed on our first short sale, it wasn't as hard as everyone makes it sound our deal went pretty smooth actually😆. It's a nice home with a permitted back house and I already got my renters moving in.... 2 rentals for the price of one this deal was a money maker 👏🏽👏🏽
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#5 Wholesaling Contributor
- Real Estate Broker
- Naples, FL
Forget the condo market. If you buy, get SFR. I much prefer SW Fl to SE Fl. The condo commandos will drive you nuts. They can change rules and really hurt landlords. Buying SFR that are not in a HOA is your safest bet. When you say taxes are cheap...what does THAT mean? My highest tax bill for SFR in my target area is 3300. About the cheapest is just over 2K. I think that is high but have no recourse. Selling and paying taxes is not an option. Going 1031 really isn't either because of the problem of finding replacement properties. I haven't been able to deal with out of state investing and being absentee so for now I am stuck. You can still find a few deals here occasionally but must act fast.