Bay to Gulf Holdings: February 2022

Why invest in a vacation rental property in Florida?

The Florida real estate market has emerged as one of the best locations to buy a vacation rental property. With numerous vacation spots and tourist attractions, Florida has always boasted of an influx of tourists and conducive Airbnb rules. With people beginning to travel post vaccinations and working from home at these destinations, vacation rentals are a lucrative investment—RehabRehab & Flip shares why investors should consider buying a vacation rental property in Florida.

Vacation Home

Wouldn’t it be exciting to have a vacation home to get away from the rut and race of a fast-paced life? Having a vacation home at one’s disposal makes vacationing easy and affordable in the long run. But how to afford a vacation home? Research and buy-in highly sought-after areas by tourists and then Airbnb it. Let the vacation home pay for itself.

Passive Income

A profitable Florida vacation rental will not only pay for itself but will also create a passive income. Thoughtful planning can help investors make multiple vacation rentals that bring in good money.

A Strong Market

Investment always comes with certain risks. But researching the options helps in mitigating the risk. This is where the strength of the local real estate market and the economy is critical. Statistics have shown that many people moved to Florida in 2020 and 2021, increasing the vacation rental value. The conducive Airbnb rules enable a profitable business model for investors. Moreover, the economy supports Florida’s short-term rental market and ensures that investing in this area is indeed a wise choice.

Write Off The Expenses On Taxes

Investing in vacation rentals allows for tremendous tax benefits. With the business of Airbnb vacation rentals, owners can deduct a long list of expenses associated with owning the property. This may include the cost of hiring a property management company, costs related to marketing the property, repairs, and renovations, fees associated with listing the property on Airbnb, mortgage interest, travel expenses related to managing the property, and cleaning fees.

A Retirement Home In Florida

The income derived from the vacation rental home in Florida will cover the mortgage and build equity that will eventually mean a retirement nest.

Easy Financing

Financing a rental property in Florida is more accessible than funding a personal home. Banks and lenders offer specific programs for financing vacation rental homes because they recognize the profitability of vacation rental investment.

Promotion And Maintenance By Third Party

Florida offers an array of efficient management companies that can help owners list their vacation rental on Florida Airbnb, potential screen renters, and maintain the property. Vacation rental homeowners don’t have to stress over these details while away.

One of the best places to buy vacation rental property in Florida is Tampa Bay. With its many theme parks, waterfront entertainment, delicious food, and diverse cultural scene, the city is a trendy destination for families. Ranked as one of the top 10 fastest-growing cities in the US, the Tampa Bay area adds over $13 billion worth of new developments and improvements. Rehab & Flip offers investors prime vacation rental properties in the area.

Why Rehab and Flip is the best bet for sellers and investors?

Rehab and Flip bring in great opportunities for home sellers and investors.

Simple and smooth: Buying or selling homes has been simplified.
Diverse portfolio: Rehab and Flip buy foreclosure properties, discount homes, investment homes for sale, bank-owned foreclosures, REO properties, distressed properties, and discount multi-family properties. This enables home sellers to take care of their immediate needs and creates new, exciting opportunities for investors.
Best deals: The team uses marketing, operations, and networking to strike the best deals for clients and investors.
Custom search: The team can design and carry out a custom search for properties based on the investor’s criteria.

Rehab and Flip is the right destination for sellers who want to sell their homes for quick cash in Tampa Bay, Florida. For investors seeking valuable real estate opportunities, the experience with Rehab and Flip will prove to be highly lucrative and smooth. Speak to a Rehab and Flip real estate investor for an immediate deal. For more information, visit the official website or call: (813) 476-3199.

source https://btgh.com/press-releases/rehab-flip-shares-why-investors-should-buy-vacation-rental-property-in-florida/

Why do buyer-seller agreements fall apart?

Florida has a roaring real-estate market and many homeowners may seek to sell their properties for various personal/financial reasons. But the closing of a deal may send their stress levels through the roof. 911Houses explains why buyers often renege on their contracts and why closing becomes a nightmare for home sellers.

BUYER’S PERSONAL CIRCUMSTANCES

Job loss

In these uncertain times, losing a job is a possibility. And a loss of steady income would make any buyer unable and unwilling to take up the responsibility of debt. Even if backing out of the agreement means paying a penalty fee, or forfeiting their earnest money, buyers who have lost their source of income will step back, leaving the home seller with the task of looking for another buyer. This may disrupt the plan a home seller may have and put them under financial stress.

Ineligible for a mortgage

From changes in the credit history or employment situation of the applicant to the lender rejecting the home appraisal, even a pre-approved mortgage can fall through for various reasons. A financing contingency clause in the agreement can help a buyer walk away from the deal without any losses before the contingency’s expiration date.

The buyer is unable to sell the old home

Sometimes a buyer may be dependent on the sale of the old house to pay for the new one. In a worst-case scenario, the buyer is unable to sell the old house, a contingency clause may allow the buyer to back out. This however also allows the seller to keep the house on the market and opt-out in case of a better offer.

911Houses buys houses for cash and has been financing its house purchases in Tampa Florida. Approval of a mortgage to pay is something the company or the seller need not worry about. A deal with 911Houses is always a sure-shot cash deal.

Buyer Finds Something Better

A buyer may continue checking out other houses post committing to a home seller. Another home may catch their fancy and change their mind in a flash. This can again disrupt a home seller’s plans.

911Houses makes an offer within 24 hours without inspection and can close the deal within a week. Purchasing a home is an investment for the company.

PROPERTY’S CIRCUMSTANCES

A failed inspection

When a seller fails to disclose any known property damages or flaws that can impact the future value of a property, by law a buyer can withdraw the offer and a lender can reject a mortgage upon the inspection of the house. Any major structural damage or pest infestation can become a reason for a deal failing.

911Houses does not require any inspection or visit the property before making an offer.

Failure to improve or repair the house

In a scenario where the seller agrees to repair and amend the flaws that were discovered in the house upon inspection, the seller is liable to fulfill those commitments before the contingency date. Failure to do so can lead to the buyer backing out without losses.

911Houses will buy a home “as is’’ without any demand for repairs or amendments to the property. Sellers can sell their homes for cash without any inspection or spending any money on repairs.

Undisclosed easements

An easement is the right of another person or entity to use part of a property. They are part and parcel of the land they affect. They don’t change when the property changes hands. Subsequent owners are obliged to let whoever owns the easement use the property. This means buyers must find out exactly what easements a property is subject to before finalizing the purchase. Easements can be beneficial or detrimental to a property.

There are several types of easements, including utility easements, private easements, easements by necessity, and prescriptive easements (acquired by someone’s use of property). Clouds on a home’s title are a kind of easement that may occur without the consent of a property owner. When these turn up during the title search, a buyer is entitled to withdraw the offer unless the issue is resolved.

911Houses takes care of all paperwork leaving the home seller free from stress and hassle.

Until a home seller has signed the agreement, the buyer is not liable for anything. But once the contract is signed by both parties, stepping out of a contract can be tricky for a buyer and a source of disappointment for the seller. But what if the buyer just cannot buy the house anymore? A homeowner can then easily sell a home fast for cash with 911Houses.

Why 911Houses.com?

911Houses.com is a reputable real estate investment company that buys houses for cash in Tampa, FL, and the surrounding areas. Unlike regular real estate companies, with 911Houses, property owners don’t have to list their homes, pay for expensive repairs, or worry about a prospective buyer backing out due to lack of financing.

911Houses buys homes directly from owners and closes the deal within 7 days. Ready to get started with 911Houses to sell home fast for cash?