All Forum Posts by: Marc Middleton
Marc Middleton has started 8 posts and replied 198 times.
Post: 5.5% CAP Condo in Downtown Miami in a 4 Star Building!
- Residential Real Estate Broker
- Miami, FL
- Posts 214
- Votes 106
Originally posted by @Isaac Moore:
Are there any restrictions against short term rentals?
This is actually one of the few buildings that allows 30 day rentals. Its also a few blocks from 2 colleges so the demand is always high. (Plus it has an awesome rooftop pool & gym! I used to live there :)
Post: Possible Lead for Deals From Driving for Dollars
- Residential Real Estate Broker
- Miami, FL
- Posts 214
- Votes 106
Originally posted by @Daniel Castellanos:
@Sean Eads Great to see another healthcare professional looking to do the same.
@ Steve Haight Thank you for your input on getting with a wholesaler, it is a great idea I didnt think to do. I'll see if there are any wholesalers that would like to work with me about some of the leads I see.
Very nice of you to put that up for people. But definitely get 2-3 flippers to work with and then send them these deals. Not sure you'll get much, maybe a few hundred bucks at most in 20-30 days. (might be better off U'bering ;-) )
#3 on your list just expired off the market, its a total teardown. #6 is currently listed on the market in the low $200s with a realtor.
Post: 5.5% CAP Condo in Downtown Miami in a 4 Star Building!
- Residential Real Estate Broker
- Miami, FL
- Posts 214
- Votes 106
Contact me today to scoop up this great deal! 2 bedrooms were selling for $300k back in 2015 and despite the market softening in Downtown Miami, this is still a great opportunity to own a nice, newer construction condo in a hot rental market for way under market!
Free Closing Costs for Cash Buyers!!!
Marc & Gina Middleton
305.710.3422
Direct Realty Solutions
Post: Daytona Beach Short-Term Rentals
- Residential Real Estate Broker
- Miami, FL
- Posts 214
- Votes 106
Originally posted by @Peter R.:
@Marc Middleton I'm not familiar with the lawsuit but I am with the area, being down the road a bit, mostly in the Melbourne Beach area.
The towns that dot A1A are a mess of laws and conflicting regulations and as such I've just stayed out of it entirely but only buying and renting in unincorporated Brevard County.
I totally agree. Ormond Beach is more strict than Daytona Beach which is more strict that New Smyrna Beach. etc etc.
Still, beachfront or 'beachside' is what it is, and unless a hurricane destroys the town, it probably won't ever go down in value (barring anymore mortgage meltdowns)
Post: Daytona Beach Short-Term Rentals
- Residential Real Estate Broker
- Miami, FL
- Posts 214
- Votes 106
Originally posted by @David Graham:
For those of you that are familiar with the current lawsuit in the Daytona Beach area. How do you see it ending for the short-term rentals? Are they going to be further regulated or do you feel the city will back off and allow for more, or existing, short-term rentals to be permitted?
I have been trying to follow the events of the lawsuit from afar, but was hoping some people closer, maybe even involved, might be able to give some details as to where they believe this might be heading.
Hard to tell because of the old guard still running the town. They tried banning spring break and that backfired. So instead the Desert Inn got demolished for a luxury property that won't be catering to Spring Breakers.
Tons of cheap homes near the beaches right now that would be ripe for short-term rentals. Could transform run-down Daytona into the next Anna Maria Island.
I have investors buying good properties now - some already furnished and being rented short-term, others just have long term tenants in them.
I mean, $200k for a furnished 3 bedroom, only 1-block to the ocean, where's the risk? :-)
Post: How to rent to a tenant moving in from out of state?
- Residential Real Estate Broker
- Miami, FL
- Posts 214
- Votes 106
Originally posted by @Tom Smith:
Thanks for the replies guys. So it seems like this works very well for landlords, but is it risky if I were to rent sight-unseen and wire people money? I heard there can be people on craigslist that just run with the money.
Not if you use a realtor and rent something that is listed on the MLS or from an actual apartment building.
You mentioned Craigslist - why on earth would you do anything on there?? especially with regards to Real Estate...Maybe If i was having a garage sale or selling some baby furniture, but that's it! :-)
Post: Selling My Multifamily Primary Residence in Washington Statea
- Residential Real Estate Broker
- Miami, FL
- Posts 214
- Votes 106
Originally posted by @Autumn Rankin:
Marc Middleton the law didn’t change. It was proposed but not accepted :) yeah !!
I thought the new law changed the capital gains exemption from 2 years out of 5 as a primary to 4 out of the last 5? If not, great for all of us down here in Florida :-)
Definitely call a CPA regarding your friend. If they have a broker doing a CMA, they should know the laws for your state and should be able to recommend a Q.I if she needs one.
Post: How do I (buyer) do Seller financing
- Residential Real Estate Broker
- Miami, FL
- Posts 214
- Votes 106
Originally posted by @Josh Knutti:
How do I(buyer) do seller financing on the following property? I want to fix n flip and should take about 5 months. Price- $150K, back tax of $6.8K, monthly seller payment- $600/month. What forms do I need/ or how shall I handle this??
Get a Real Estate Attorney and have them do it!!! It can very complicated and/or risky doing it by yourself!
Post: How to rent to a tenant moving in from out of state?
- Residential Real Estate Broker
- Miami, FL
- Posts 214
- Votes 106
I do relocations all the time here in Miami. Everything is e-signed. Deposit is wired, balance is paid at move in!
Post: Deny Rental App? No Income/Student Aid
- Residential Real Estate Broker
- Miami, FL
- Posts 214
- Votes 106
Pass...too many excuses/red flags..