FEMA Has Postponed Changes to Flood Insurance Program

Florida is home to 35% of all flood insurance policies underwritten by the federal government. The National Flood Insurance Program, part of FEMA, has pushed back its planned changes to the program. The original effective date of Oct. 1, 2020, has been moved back one year to Oct. 1, 2021. Known as the Risk Rating[…]

Public Transportation Boosts Real Estate Values

A recent report by by the National Association of Realtors and American Public Transportation Association shows that homes and business within a half mile of transportation options sell for a higher price. Residential properties had 4% to 24% higher median sale prices between 2012 and 2016; commercial properties saw median sales prices per square foot[…]

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.[…]

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[…]