Renting out a House

Renting out single family homes in South Florida at positive cash flow can sometimes be a challenge.

An investor can consider finding houses near town or universities and especially properties with multiply use zoning.

Seriously consider obtaining the proper license; rooming house, B&B, or motel. This will increase the value of your investment and keep you from trouble.

Now it is possible to update the house into equal bath and bedrooms. Each bedroom with private bath, clothes closet, microwave and counter top refrigerator. Be sure to install a good water filter system.

Living room, carport or garage is not necessary allowing for more bedroom spaces.   Try for at least four bedrooms and four bathrooms, kitchen, dining area and sitting room.  Include a nice entrance foyer.

The back yard should be fenced in for privacy. A washer dryer is important and could be coin operated. Because the hot water tank cannot be close to every room consider adding quick recovery hot water near each bath.

Depending on location, you can now rent furnished rooms at $300.00 per week that includes utilities.

Purchase price	300,000.00
improvements	100,000.00
Investment	400,000.00
rent 4 X $350.00 X 52	72,800.00
Utilities	(3,600.00)
Upkeep	(2,400.00)
Insurance	(3,000.00)
Taxes Real Estate	(6,000.00)
cash flow before debit	57,800.00

Home Value From Zillow

The median home value in 33431 is $350,500. 33431 home values have gone up 4.2% over the past year and Zillow predicts they will fall -0.4% within the next year. The median list price per square foot in 33431 is $291, which is higher than the Boca Raton average of $198. The median price of homes currently listed in 33431 is $499,000. The median rent price in 33431 is $2,325, which is higher than the Boca Raton median of $2,050.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 33431 is 0.0%, which is lower than the national value of 0.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 33431 homeowners underwater on their mortgage is 0.1%, which is lower than Boca Raton at 0.1%.

East Boca Raton; there are 88 new homes on the market, many are near Mizner Park and very walkable. Prices range from $426,000 to fourteen million. These homes were built during 2016 and 2017. There is a huge demand for home within walking distance to Mizner Park; city parks, and municipally buildings. There are also home available at Library Commons another nice community located downtown. 

Library Commons, Boca Raton, FL Real Estate & Homes for Sale

Homes for Sale in Library Commons, Boca Raton, FL have a median listing price of $600,000 and a price per square foot of $250.00. There are 4 active homes for sale in the Library Commons neighborhood, which spend an average of about 60 days on the market. Some of the hottest neighborhoods near Library Commons are Royal Palm Yacht & Country Club and Old Floresta Historic District. You may also be interested in homes for sale in popular zip codes 33432. Photo is an historical home on coconut Road. 

This offer is Donkey Dust!

This is the advertisement on Television every day!

This offer is impossible to obtain through an GMC dealer in South Florida.

This offer is Donkey Dust!

I am ashamed and embarrassed to live in a country that allows car dealers to mislead the public for many years in a row.

The automobile industry creates many jobs and spreads much cash flow throughout out industry; however, this is not an excuse to allow the industry to take advantage of the public.

Charging a dealer fee is like a department store charging a cashier’s fee!

Charging a dealer fee is like a supermarket charging a bagging fee!

Then there is a turn the lease fee. Just what is a turn in a lease fee?

The advertisement reads $769.00 down pulse title and license and $199.00 monthly pulse sales tax.

I have visited two GMS dealers and communicated with many other dealers by phone, chat or email.

This offer is not available; however, out state and federal officials permit this and many other bogus automobile offers to continue unchecked and unchallenged.

Why bother having rules if they are selectively enforced. It appears that the garment industry and the retailers are held to strict compliance and that the automobile industry is allow to run wild.  

Tom Higgins Po Box 1132 – Boca Raton – Florida - 33429

Thig8871@hotmail.com – 561-703-4513

Library Commons: there are four home for sale at Library Commons priced from $479,000 to $725,000. Homes are between 2 and 5 bedrooms with 2,000 to 3200 square foot of living space.

The five most recent sales at Library Commons were between $457,000 and $675,000.

Boca Pointe, Florida

From Wikipedia, the free encyclopedia

Boca Pointe was a census-designated place (CDP) located in an unincorporated area near Boca Raton in Palm Beach County, Florida, United States. The population was 3,302 at the 2000 census. The CDP was not included in the 2010 census. While it is not officially in the City of Boca Raton, the community is frequently classified under its umbrella term. Real nice community and membership is available but not required.

MARTIN CROSSING, STUART, FLORIDA community amenities include lush landscaping that butts up to protected marshes. Martins Crossing has one clubhouse with a sparkling resort style pool, tennis courts and playground. There is a second swimming pool surrounded by the town-houses and members may use either pool.

Martins Crossing welcomes all ages and pets are also welcome. Rare for a town-home is that owners are permitted to install a fence making a yard for their children and pets.  HOA fees are between $150 and $180.00 per month. HOA fees include landscaping, basic cable and the common areas which are well kept.

To the beach is 9 miles and a twenty-minute drive. Downtown Sturt 4.5 miles

4/23/2017

Library Commons Homes updated daily at http://www.bocabeachrentals.com/! 561-703-4513

If you’re looking for both people and pet friendly Florida lifestyle on an intimate scale, Library Commons with only 86 homes might be the community to fill your wants and needs.  Library Commons consists of luxury single family homes and town-homes and it is a real unique boutique neighborhood.

Location make Library Commons special because you can walk to many places and the Boca Beaches are only 1.6 miles to the east. Nearby places include Mizner Park for shopping, dining and entertainment. All city services are within walking distance and the public tennis courts are a few blocks to the west. This is a favorite Boca Raton Community near parks and boating! 

If you’re looking for both people and pet friendly Florida lifestyle on an intimate scale, Library Commons with only 86 homes might be the community to fill your wants and needs.  Library Commons consists of luxury single family homes and town-homes and it is a real unique boutique neighborhood.

Location make Library Commons special because you can walk to many places and the Boca Beaches are only 1.6 miles to the east. Nearby places include Mizner Park for shopping, dining and entertainment. All city services are within walking distance and the public tennis courts are a few blocks to the west. This is a favorite Boca Raton Community near parks and boating!

 

Home comparison

Cost of living at Boca Woods County Club versus a similar non-club and a non-club gated community.

		Boca Woods Country Club	Similar non-gated Boca Raton Home	Similar gated Boca Raton Home
living sq. ft.	2000	200,000.00	400,000.00	400,000.00
Down payment	20%	(40,000.00)	(80,000.00)	(80,000.00)
Finance balance		160,000.00	320,000.00	320,000.00
annual payment		$10,408.23	$20,816.46	$20,816.46
RE Taxes		4,000.00	8,000.00	8,000.00
HOA fee		10,000.00	-	5,000.00
Golf dues		15,000.00	-	-
Fees		2,400.00	-	-
basic cable		-	360.00	-
security		-	-	-
		-	-	-
		$41,808.23	$29,176.46	$33,816.46

Selling Residential Property!

To obtain the highest price in the quickest time there are things that sellers can consider.

1. Paint the entire interior beige using a decent quality paint.

2. Have the property inspected and then address every issue on the inspection report.

In addition to price this make for a quicker smoother transaction.

Today’s buyers are seeking move-in condition.

What I like about this property is the great potential! This could be a residential home or a rental! A corner lot and perfect for work at home.

People want to live in in Boca Raton for the many amenities. For the good to great schools and universities both public and private. To walk to the beaches and parks; for the nice boat ramp, the good golf and many other sports. For safety and fine public services. For hospitals; medical care and a huge array of shopping. This city is among the best!
                 Boca Raton Museum of Art

Did You Know? The Highest Monthly Average Temperature In Boca Raton For August Is 87 Degrees. 

The lowest monthly average temperature in Boca Raton for February is 71 degrees.

The most monthly precipitation in Boca Raton occurs in January with 0 inches.

The air quality index in Boca Raton is 17% better than the national average.

The pollution index in Boca Raton is 86% better than the national average.

Spending $1.00 per day on water is different than years past.

Installing one of the best under sink water filters will recover the investment in one year and save big bucks over future years.

Is seems silly that water is outpacing soft drink sales in the markets. Am I the only one that sees something wrong with this picture?

Rental Properties

This is a list of some possible deductions for those that rent out property. I do not take credit for this list as I found it on the internet. The reason that I am posting it is because I receive questions about deductions and I do not always know the answer.

1.     Management fees (e.g. property management)

2.     Homeowner’s association (HOA) or condo fees

3.     Utilities - Insurance

4.     Property taxes

5.     Pest control - Landscaping

6.     Mortgage interest - Other interest - Bank fees

7.     Supplies

8.     Education/professional development

9.     Licenses/permits - Leasing fees

10.   Legal & professional fees

11.   Office/telephone - Postage/shipping

12.   Travel - Meals & entertainment

13.   Automobile/car expenses

14.   Repairs* - Appliances/fixtures/equipment*

15.   Minor improvements* - Major improvements/new assets*

16.   Depreciation

*There are strict requirements regarding the definition of each of these. Things in these categories are grouped based on how much they cost and other requirements that make them fit into one category or the other, and each is treated differently in terms of writing them off. A licensed tax expert needs to guide you on how to file each of these appropriately.

Sherwood Park in Deerfield Beach is offering New Homes at $275,000.00. this new construction is East of I-95 and South of Hillsboro Blvd.

As of today, march 5^th, 2017 – New Homes under $500,00 where you want to live

There are 121 new homes listed in Palm Beach County priced less than $500,000

There are 113 new homes listed in Broward County priced less than $500,000

There are 327 new homes listed Miami-Dade County priced less than $500,000

There are 31 new homes listed in Martin County priced less than $500,000

There are 187 new homes listed in St Luci County priced less than $500,000

There are new many homes listed in the Villages priced less than $500,000

Delray Beach, FL 33444

3 beds 3 baths 1,853 sq. ft. $280,000

EST. MORTGAGE - $1,073/month

BRAND NEW CONSTRUCTION IN DELRAY BEACH! UNIQUE TOWNHOUSE FEATURING 3 BEDROOMS, 2.5 BATHROOMS WITH GARAGE TO BE DEVELOPED AND FINISHED IN 2017, PORCELAIN FLOORS, WASHER AND DRYER, STAINLESS STEEL APPLIANCES, GRANITE COUNTER-TOPS, ITALIAN KITCHEN STYLE. FULL AMENITIES INCLUDING FITNESS CENTER, HOT TUB, TENNIS AND VOLLEYBALL COURTS, POOL AND CLUBHOUSE. MINUTES FROM THE BEACH AND RECREATION PARKS, MINUTES FROM DOWNTOWN DELRAY BEACH & TRENDY ATLANTIC AVENUE! PERFECT FOR INVESTORS OR TO LIVE IN! CAN BE RENTED RIGHT AWAY! 

By helping others, we help ourselves!

Baltimore has more than 16,000 vacant houses. Why can’t the homeless and the immigrants move in?

We will have a nicer country when we learn to help people who need the most help. Homeless, immigrants and others who may need or want help.

With help; people in need can re-build a community, become productive and pay taxes. People in need can educate their off-spring to become self-sufficient.

There are 18,600,000 vacant homes in the United States enough to house the homeless and all the immigrants and more.

Give a key  to start a community!

It can be very confusing to purchase carpet and have it installed. 

My area measures 59.8 square yards so I rounded it up to 60 square Yards.

Then I added the waste factor of 20% and I need 72 square Yards.

The company, the one without a store front and visits your home with the intent to sell you carpet at the highest price possible.  They advertise everything included like Carpet, padding, moving furniture, and adding molding if needed.  They have different prices; therefore, if you do not ask and if you are not persistent it will cost you.

To cover this area with better plush carpet will cost $5,832.00

To cover this area with better Berber carpet will cost $3,420.00

Next I went to a big box home improvement store where they offer free installation and everything is included; no surprises!

Selecting$40.00 per yard carpet and adding basic padding the final price amounts to: $2,923.00.

Finally; I found an ad on the internet. Their coupon offers “whole house special” $299.00 up to 600 square feet. I called and was told that is for carpet only! With installation, it would be close to $1,000.00. This sounds good but the store is one hour from my home and I will not get there any time soon. They did offer to send a measure person for $25.00 and they said that the measure person carries samples.

Real Cost breakdown

Selecting the carpet - carpeting can cost as little as $2 per square foot, or as high as $100 per square yard, but the average carpet and pad will cost between $30 and $40 per square yard - for a total of 72 yards at $40.00 equals $2,923.00 for the carpeting and padding alone.

Installing the Carpet: with a base rate of $5 per yard, the total installment fee is $340.00; and then there is moving the furniture; removing the old flooring and hauling it away, molding if required and replacing the furniture. All this must be worth $500.00 for the installer, one helper with their tools and truck.

I do know that if you go for the least expensive carpet; you will need to do it again in a few years.

The cost of labor is the same if you use low priced or medium priced carpet so it makes sense to go shop for good carpet that will last 15 years. Soil and wear resistant is important.

I have not decided where I will buy my new carpet as I like to shop and research before making financial decisions. I hope that I can find good quality and have the job completed for $2,000.00. this will be $28.00 sq. yd. installed! Job done!

As of March 1, 2017, that are 70 new single family homes for sale in Boca Raton. The price range is from $570,000.00 to $12,650,000.00.

There is a house in Hidden Valley offered at $570,000 or $210.00 per sq. ft. figured on living space which appears to be a good deal. This construction has not started and will take time, effort and patience.

A house in OAKS AT BOCA RATON is listed at $926,000 or $216.00 per sq. ft. This is NEW CONSTRUCTION, 2 Story with Master on main floor, HOME has 4 (could be 5) BEDROOMS, 5.5 BATHS. Each bedroom has private bathroom. First floor DEN/Office or maybe use as 5th bedroom with atrium view, upstairs open loft area, functional 2nd floor front balcony, Custom Pool w/Shallow Sun Shelf, 3 CAR GARAGE and many UPGRADES.

There are six beautiful contemporary homes listed at the Royal Palm Polo Club less than $1,100,000. These homes are between $230.00 and $250.00 per sq. Ft. including land and they appear to be an attractive offering. I like helping customers with Toll Brothers Homes because they are pleased with the service and the product. This is truing into a very nice community and it is very convenient to major roads, beaches, shops, schools, universities and downtown. Two models will be move in ready this fall and the others will be next year.

I crashed and learned my lesson.  The lesson is that I need all the driving help that is available to me. I was lucky this time because I was only driving about 25 MPH.

Car Models and Advanced Safety Systems

• Forward-collision warning, with or without auto brake, should be on top of your new-car wish list.
• Backup cameras are becoming increasingly common. They are highly recommended. By 2018, they will be standard on all cars.
• Blind-spot warning and rear-cross traffic alert are commonly bundled together, and they are well appreciated among CR staff.
• Lane-departure warning and lane-keep assist can help keep the car on the right track, helping limit those times when the car may wander.

Malibu

Chrysler 2016 and 2017 both 200 and 300

Lexus

Toyota Camry 16 & 17 most models

Forward-Collision Warning	Autobraking City Speed	Autobraking Highway Speed	Lane Departure Warning
Lane Departure Prevention	Blind-Spot Warning	Rear Cross Traffic	Rearview Camera

These are the cars that I am willing to consider. These cars offer the widest array of safety features.

I think that these safety features and more are the wave of the future.