Looking for Thoughts on Florida?

[mattw]

Thanks, you are right... That is a really useful website...

Final question, on property taxes, and how they work, because I think I may have misunderstood before.

Eg Property current value $249,000
On the website it says taxable value after exemption $110,000.

Annual tax $1,754.00 How much is required to be paid this year?

I'm presuming 1.1 * $1,754 = $1,929

Is this correct? (I previously thought it was 2.49 * $1,754 = $4,367)

Also I understood that when you bought the property may be revalued for tax purposes. Would it therefore go up immediately to $4,367

[coralpink]

Hi Guys,

I am going on a trip to Florida (Orlando) on Sat (28/7) with a view to buying a pool villa in the Orlando area - and am a little worried as there seems to be so many villas for sale - I wonder if the market is flooded there. I know it's where most brits go on holiday - and I am sure that there are other areas that would be a better investment, but there are not many areas of Florida that allow short term rental - and I shall need to cover outlay costs/mortgage etc. Does anyone know if there are other areas, preferably on Gulf Coast that allow STR - that don't cost the earth.

Any ideas would be appreciated.

Thanks

Coralpink

[mattw]

Hi,

I'm sure you can find what you are looking for. Your best bet in my opinion is to find a US realtor, who specialises in the specific region you are looking for.

If you use a UK estate agent in general, they will only sell you what is on their books, which is Orlando only and looks overpriced. US realtors have access to the whole market. A few UK estate agents have gulf coast, but not many.

I was looking for somewhere with STR's on Atlantic Coast and found that it was difficult to get this inside a gated community, but if this is not necessary it's quite easy to find. In March I was looking at 3 bed poolhomes for around $250k as a benchmark.

[Anything In Florida]

Hi There

My office is located close to Disney just off the 192 (everyone knows the 192). What Matt says is correct I have access to all proeprties listed and the sellers pay the realtor commison so there is no cost to the buyer using an agent here for a purchase.If you have any specific quesitons please feel free to send me an email or if you would like to see some homes availible. I only work with the short term rental (let) market and have been for some time now.

I have heard of some areas in South Florida that do allow for short term lets but not many that are affordable to say the least, unless your looking at a condo hotel project. In the orlando area i have seen some properties here for sale for some crazy low prices that I have not seen in a few years.

Matt, will be back shortly to sort out your tax questions. Hope everyone is well and if your in the UK, hope your staying dry!!

Jim

[cheops55]

Hi do you know what , if anything, is happening to the Calebs Club development on the Westside development off 192? The developer (Maesbury) is not giving out any information whatsoever. thanks

Originally Posted by Anything In Florida

Hi There

My office is located close to Disney just off the 192 (everyone knows the 192). What Matt says is correct I have access to all proeprties listed and the sellers pay the realtor commison so there is no cost to the buyer using an agent here for a purchase.If you have any specific quesitons please feel free to send me an email or if you would like to see some homes availible. I only work with the short term rental (let) market and have been for some time now.

I have heard of some areas in South Florida that do allow for short term lets but not many that are affordable to say the least, unless your looking at a condo hotel project. In the orlando area i have seen some properties here for sale for some crazy low prices that I have not seen in a few years.

Matt, will be back shortly to sort out your tax questions. Hope everyone is well and if your in the UK, hope your staying dry!!

Jim