Quote:
Originally Posted by onetwo_threefour
Aren't non-resident property taxes crazy expensive in Florida? I'm curious (a little) but have heard stuff that would make me worry.
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There are ways to structure the holdings to reduce the tax burden and limit personal liability.
I also think that worrying is pretty natural for an endeavor such as this. As with any investment there is some risk but you can take steps to minimize it - which are covered during the workshop.
Other types of risks are quite low in that it is likely very close to the bottom of the market. There is an enormous number of properties are selling between $33 and $75 per sq ft which is well below an approximate replacement cost of $100 per sq ft. The comp value is also very good due to the nature in which the properties are acquired (via direct connections with servicing agents) - about 35% below mls value. Finally, the monthly rents are well over 1% of the total value of the house - a key indicator in that it will generate positive cash flow. These three indicators saying "go" at the same time is quite rare.