buying a villa/apartment in florida
Nov 22nd 2010, 3:41 am
#31
BE Enthusiast
Joined: Jan 2008
Location: Belle Isle, Florida
Posts: 594
Re: buying a villa/apartment in florida
Haines City is a Godforesaken wasteland in the middle of nowhere, almost exclusively inhabited by football shirt-wearing, white-legged 'smashin's'.
If a desolate expanse of cookie-cutter cardboard houses, surrounded by miles and miles of dirt is what you crave - that is exactly where you need to be headed.
Nov 22nd 2010, 4:14 am
#32
SUPER MODERATOR
Joined: Dec 2005
Posts: 88,110
Re: buying a villa/apartment in florida
hello
I do hope someone might be able to help....this forum has been recommended to us so fingers crossed i am in the right place
we are looking to buy an apartment or a villa in orlando area. We would hope to use it for ourselves for holidays as well as to rent it out as a business opportunity. we are trying to research it but lots of the information is simply companies trying to sell their proporties. I would love to hear from anyone with their experiences good and bad...
with many thanks
jackie
I do hope someone might be able to help....this forum has been recommended to us so fingers crossed i am in the right place
we are looking to buy an apartment or a villa in orlando area. We would hope to use it for ourselves for holidays as well as to rent it out as a business opportunity. we are trying to research it but lots of the information is simply companies trying to sell their proporties. I would love to hear from anyone with their experiences good and bad...
with many thanks
jackie
Nov 22nd 2010, 4:16 am
#33
Boomshacalaca!!
Joined: Dec 2005
Location: South of the North Pole.......Colorado
Posts: 5,066
Nov 22nd 2010, 5:17 am
#34
Account Closed
Joined: Mar 2004
Posts: 2
Re: buying a villa/apartment in florida
A year ago when we were looking at apartments in Florida we found that most buildings had several empty units...some had more unsold units than occupied. This will likely impact the monthly condo fees...because they still have the same bills to pay ie pool, gardening, cleaning etc.
Nov 22nd 2010, 11:23 am
#35
Account Closed
Joined: Aug 2002
Location: Kentucky
Posts: 38,865
Re: buying a villa/apartment in florida
While I'm thinking about it, can anyone recommend a good realtor in the Ft. Lauderdale area? Sheila and I will be there for 5 days at the beginning of January and she's suddenly decided that she might like to look for a condo.
Ten years ago, we could have had my parent's condo in Coral Springs but we weren't financially able to at the time... now, thankfully, we're in a better position.
Ian
Ten years ago, we could have had my parent's condo in Coral Springs but we weren't financially able to at the time... now, thankfully, we're in a better position.
Ian
Nov 22nd 2010, 2:17 pm
#36
Joined: Mar 2003
Posts: 68,280
Re: buying a villa/apartment in florida
While I'm thinking about it, can anyone recommend a good realtor in the Ft. Lauderdale area? Sheila and I will be there for 5 days at the beginning of January and she's suddenly decided that she might like to look for a condo.
Ten years ago, we could have had my parent's condo in Coral Springs but we weren't financially able to at the time... now, thankfully, we're in a better position.
Ian
Ten years ago, we could have had my parent's condo in Coral Springs but we weren't financially able to at the time... now, thankfully, we're in a better position.
Ian
as a brand new investment .. he never moved in ..nor did anybody else .. its a abandoned site now all fenced off
Nov 22nd 2010, 2:21 pm
#37
SUPER MODERATOR
Joined: Dec 2005
Posts: 88,110
Re: buying a villa/apartment in florida
I thought exactly the same Uncle Ray. Ian don't rush into buying a place in Florida...we intend to make another reccie visit early next year but we certainly won't be making any rash decisions.
Nov 22nd 2010, 2:36 pm
#38
Account Closed
Joined: Mar 2004
Posts: 2
Re: buying a villa/apartment in florida
This might amuse, one of the local Realtors has sublet half their office, so we now have a local Gun/Outfitting shop.
Nov 23rd 2010, 12:43 am
#40
Account Closed
Joined: Aug 2002
Location: Kentucky
Posts: 38,865
Re: buying a villa/apartment in florida
Well, actually no... I'm not.
Well, we're not looking at it as an investment, but someplace to actually live once we retire in a few years. So, we're looking for something that's already well established.
Ian
I have a friend who bought a condo in fort launderdale
as a brand new investment .. he never moved in ..nor did anybody else .. its a abandoned site now all fenced off
as a brand new investment .. he never moved in ..nor did anybody else .. its a abandoned site now all fenced off
Ian
Nov 23rd 2010, 12:47 am
#41
Account Closed
Joined: Aug 2002
Location: Kentucky
Posts: 38,865
Re: buying a villa/apartment in florida
Thanks folks, I knew you'd give me the straight poop!
Ian
Nov 23rd 2010, 1:18 am
#42
Joined: Mar 2003
Posts: 68,280
Re: buying a villa/apartment in florida
say you have a block of 10 .. one dies ..2 rented unit become empty
now the monthly cost are spread over 7 units ... two get repoed
now over 5 ..nobody can sell ..block now half m/t two more do a runner ...
3 left to pay all cost ... ammenties are closed not being paid for ..
whole place is abandoned
Dec 7th 2010, 5:59 pm
#43
Banned
Joined: Nov 2010
Posts: 3
Re: buying a villa/apartment in florida
no secret really - law deegree (UK) and Accounting (masters, USA) helps. If there is any secret it would be that cash is king. If you have liquid money you can pay whatever you want (within reason of course). Lots, and I mean lots of UK investors are making plenty of money right now buying, renting and flipping property (homes/villas etc, I know sod all about apartments).
If the truth be told only buy if you can afford the property. If you have to take out a second mortgage on your UK home that is not being able to afford overseas real estate.
But if you really can afford the property and have time/patience to learn the biz and figure things out now is the best time to buy.
Alot of the florida market went tits up with the sub-prime crisis, and the people who tended to have those mortgages were the people that should not of been given them.
If the truth be told only buy if you can afford the property. If you have to take out a second mortgage on your UK home that is not being able to afford overseas real estate.
But if you really can afford the property and have time/patience to learn the biz and figure things out now is the best time to buy.
Alot of the florida market went tits up with the sub-prime crisis, and the people who tended to have those mortgages were the people that should not of been given them.
Dec 8th 2010, 1:20 am
#44
Heading for Poppyland
Joined: Jul 2007
Location: North Norfolk and northern New York State
Posts: 14,727
Re: buying a villa/apartment in florida
no secret really - law deegree (UK) and Accounting (masters, USA) helps. If there is any secret it would be that cash is king. If you have liquid money you can pay whatever you want (within reason of course). Lots, and I mean lots of UK investors are making plenty of money right now buying, renting and flipping property (homes/villas etc, I know sod all about apartments).
If the truth be told only buy if you can afford the property. If you have to take out a second mortgage on your UK home that is not being able to afford overseas real estate.
But if you really can afford the property and have time/patience to learn the biz and figure things out now is the best time to buy.
Alot of the florida market went tits up with the sub-prime crisis, and the people who tended to have those mortgages were the people that should not of been given them.
If the truth be told only buy if you can afford the property. If you have to take out a second mortgage on your UK home that is not being able to afford overseas real estate.
But if you really can afford the property and have time/patience to learn the biz and figure things out now is the best time to buy.
Alot of the florida market went tits up with the sub-prime crisis, and the people who tended to have those mortgages were the people that should not of been given them.
Do you have a Grandmother, and does she know how to suck eggs yet?
