Baby Boomers relieve Gas Pains by buying in Florida’s Active Adult Communities
September is almost over and people are starting to see the population shift in Palm Beach County Florida. The malls are emptier during the days thanks to school being in session… but the restaurants are busier at night thanks to people starting to relocate down here to avoid the harsh Northern Winters.
At retail stores, […]
Foreign National
Foreign National Investors in Florida need to understand Visas»Without a doubt the rush of Foreign National Investors is evident in Florida. Florida Real Estate is at such a low that Foreign Nationals are buying up second homes and investment properties throughout the State.
In an effort to educate the Foreign National Investor as to which Visas are available for travel, stay and investment purposes […]
In an effort to help my Foreign National clients buy Real Estate in Florida with confidence, I am creating this quick and easy chart for Mortgage Programs.
Based on the lenders that will lend to Foreign National buyers in Florida here are the Documentation Levels and the Loan to Values to consider.
NO DOCUMENTATION / Stated […]
Foreign Investors have long been an important part of the Real Estate industry in Florida. From Miami to West Palm Beach - From Argentina to Quebec, and that’s just counting the “Americas”! … Foreign Investors from the Americas as well as Europe, Great Britain and the Middle East are continuing to see the […]
Foreign National Investors need their own Real Estate Agents» Foreign Nationals interested in taking advantage of the weak dollar are finding great values in Florida Real Estate.
In this buyer’s market it is important that all Foreign Investors be prepared for their transaction to make sure that everything goes smoothly. One cornerstone of the US Real Estate industry is the Buyer’s Agent.
Many Foreign […]
Foreign Nationals are trying to purchase real estate in Florida thanks to the economic downturn and the weak US Dollar.
Prices for a house in the sun are at low prices and mortgage interest rates are still affordable.
Whether you are a British Citizen looking for a vacation home in Orlando, Florida or a Canadian looking to […]
A fundamental of buying Real Estate as an Investment is CASH FLOW.
Despite the profitable years of “Buy and Flip“, during our current Real Estate Economy, “Buy and Hold” is what investors need to be prepared for… which means that somehow these properties need to pay for themselves while the Investor holds onto them.
Whether you […]
Due to the dwindling availability of loan products and lenders for Foreign Nationals to purchase property in Florida, many Foreign National Real Estate Buyers in the US are having to change their focus… both in property and investment type.
Foreign Nationals will soon see the targets of their purchases changing from the traditional Second Home or […]
Invest with Syndicates»The Florida Real Estate Market has many opportunities to offer investors that looking to buy low and sell high. Savvy investors from all over the globe are seeing the low prices combined with good exchange rates on the dollar (for foreign national investors) and relatively low interest rates for mortgage financing as an invitation […]
Investment Property buyers need to know…»With the current state of the national and local economies and the decline of the real estate market throughout the state, many home buyers are thinking that now is the time to pick up that first rental property that will lead them to financial freedom and wealth for their retirements.
Unfortunately for most, the fundamentals of […]
The US Mortgage “Meltdown” has dealt a rough blow to Foreign National Buyers who are trying to take advantage of the weakness of the US Dollar and invest in property in vacation and resort areas like here in Florida.
Lenders have long seen Foreign Nationals as risky, but still offered 80-90% Loan to Value programs for […]
Politics
Obama shows colors on Meet The Press»OK… so the knock on Obama is that he is naive and inexperienced. Well, his commentary on the real estate and mortgage market issues proved it. His comments could not have been more canned… plus he did the one thing that should earn him a flame by every NAMB member… he blamed the mess on […]
McCain’s Foreclosure Bailout Plan makes Borrowers take more Responsibility…» So by now everyone knows that there are hundreds of thousands of people who are facing foreclosure for any number of reasons. Of course, this has become a hot topic on the campaign trail as we wind down to the Presidential Elections in November.
The current regime (The White House as well as the House […]
Residential Mortgages
Buyers need to Pre-Qualify … Themselves!» I know… I know… PreQualifications are part of my job as both a Realtor AND a Mortgage Broker - especially when I am acting as both in a transaction.
The point isn’t that I don’t want to do my job… the point is more about practicality. It is a GREAT TIME TO BUY! and that […]
I’ve done a few posts on Short Sales in Florida recently because everyone seems interested in them whether they are a buyer or a seller…
From the calls and email I receive, though…it just doesn’t seem like whoever is telling you how to do a short sale is telling you the real consequences. Be it your […]
Commercial Mortgages
Real Estate Investment - Gross Rent Multiplier Formula»When deciding on a purchasing a Real Estate Investment there are several major factors to discuss.
One of them is Asset Class… you may want to invest in Apartments, Industrial/Warehouse Properties, Office Buildings or any number of other types of properties.
When you finally decide on what you are going to buy, you need to be able to do the financial analysis to figure out if the property you are buying has positive investment potential. That means that it is priced right and it cash flows.
If you are interested in Multifamily Properties … otherwise known as Apartments… then one formula you may use to analyze properties is called the Gross Rent Multiplier Formula.
Investment Properties should CASH FLOW»A fundamental of buying Real Estate as an Investment is CASH FLOW.
Despite the profitable years of “Buy and Flip“, during our current Real Estate Economy, “Buy and Hold” is what investors need to be prepared for… which means that somehow these properties need to pay for themselves while the Investor holds onto them.
Whether you […]
Short Sales
Short Sales - what happens AFTER you complete a Short Sale?»I’ve done a few posts on Short Sales in Florida recently because everyone seems interested in them whether they are a buyer or a seller…
From the calls and email I receive, though…it just doesn’t seem like whoever is telling you how to do a short sale is telling you the real consequences. Be it your […]
“Short Sales” is the hot catch phase these days in Florida. Everyone in Real Estate and Mortgages talks about them… and for different reasons.
As a Florida Mortgage Professional, I get calls and emails all the time from worried homeowners wondering if they should start Short Sale Proceedings.
There are a few ways to decide whether […]
Affordable Housing
Greater Miami Chamber of Commerce hosts FORUM ON ATTAINABLE LIVING: WORKFORCE HOUSING May 6th.» I received an email from Michael Burstine, the Chair of the Greater Miami Chamber of Commerce’s Workforce Housing Committee and felt it was important enough to share.
I met Michael at a meeting for the Urban Land Institute: South Florida and Carribean & Terwilliger Center Steering Committee. This is a great group of people […]
In what has become a very creative move, Key West Florida City Leaders are trying to form a plan that would allow them to raise an additional $5Million in Tax Revenue to satisfy Affordable Housing Needs in Monroe County.
Monroe County collects 4% Bed Taxes from tourists on their hotel bills. County have the […]
