All Forum Posts by: Patty Osborne

Hello - I found this thread by keyword search. I am trying to get the guts to sink my lifesavings into a condo at Miramar. I thought of Palms of Destin as it is in my price range. If I don’t have a mortgage and pay for management at first; is there a way to clear a cash flow of at least 12-20k? 

Awesome Matt. Thanks so much. My guess is that besides being updated, that a decent view matters.

Hi Matt, My former boss bought in a larger unit at Palms of Destin before all of the HOA trouble that has been worked out. They don't rent it out like I would have to. Are the numbers decent on the smaller units? If I can come out 15-20k, I'm happy because we would use it also.

Following

I love Mirmar but would need to generate at least 20-30k on an investment between 250-330k. Even though Sandetin stays busy, I keep reading that many don't come out ahead in this investment range. Is there a better place in Miramar in this price range for long term income and occasional use? I won't need a mortgage.

Following. Im more interested in the new one breaking ground near Panama. 

Thank you. I knew to not hold verbally and still I did. I was being too lax on things and I will make sure next time. 

Hello, I’ve been leasing our home in Autumn Ridge on short term. We invited a prospective tenant to move in after app amd background checked well and sent a lease to sign online. They told me that they  would likely sign Thursday ( 6 days ago) when they received company assignment. That didn’t happen and not hearing from them or no deposit, we put house back on market. Last night, 6 days later , they signed and wanting to move in June7. We have not signed and not getting a good vibe even if income and such checks well. Are we legally responsible in any way If we tell them that we’ve moved on anf Deciding on longer termed leases? Thanks in advance😎

Thank you James. I am planning to visit this page more and get as much info as possible then make decisions. I will let you know. 

Hello, my name is Patty Osborne. I worked with my realtors license a little from 1986-1994 then became a speech pathologist and now semi-retired at 53. I live in Ashland and want to invest in a rental in Lex downtown, Kenwick or near campus in 250-350K range. Advice for best outcomes? I notice that Maryland Avenue newer Condos rent at 2,700 and current HOA is manageable but I am also interested in areas such as Kenwick and 40503 near campus (Wabash, Penmoken etc). I would also consider a duplex if it is decent. I need something in good enough shape to rent within a month or two. I have had one rental in my town and have flipped 3 houses but I don't have a lot of current market experience. I mainly want an easy good cash flow. Any advice?