New Mortgage Rules for Condos!

Here in Florida, we’re land of the condominiums. Good news today for financing a condo. New FHA mortgage rules go into effect on Oct. 15, 2019 making it easier to buy a condo – especially first time buyers. The new rules specifically: Allow single-unit approval process. Extend condo project recertification from 2 to 3 years.[…]

July 2019 Orlando Real Estate Stats!

July 2019 Orlando real estate stats are in: 🔸 The median home price in Orlando is $247,000, up 5% from July of 2018. 🔸 The number of homes for sale continues to create a competitive market, but July 2019 had a 6% rise in inventory compared to July of 2018. Whether you’re wanting to buy[…]

Slum lords make less money as investors

Slum lords leave money on the table. A well-cared for property is smart business for you as an investor: (1) Prime condition properties rent and sell for more, and they rent faster (reducing the dreaded turnover cost). (2) Tenants stay longer in well-cared for homes. The main concern every tenant has is: will you fix[…]