I'm trying to get an idea of a possible site of a school. The school will be located in Florida, and one of the criteria I'm looking for is access to the beach property. But, given the number of condos in the Sunshine State, I am having a difficult time locating anything larger than a small residential lot. Are there any websites out there.
- That can help me with the search for such specific criteria?.
- Or do I have only to persevere in local web sites of real estate?
What you can do
Get a real estate agent. Some zoning is required for schools, so I'm sure he'll be limited in where you can create this type of development. Call the schools in the vicinity and ask them what real estate agent are used to represent your purchase. Go to the creation of local planning and zoning out what is needed for your specific project.
Realtor.com Is the only website which, of course, the unions at the offices of the local MLS and ads.
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- Determine value by analyzing the prices of similar homes in the area that have sold. Compare apples to apples on size, condition, updates, features, etc.
- For added equity, buy one that needs a lot of repair and renovations. Figure out how much all these things will cost, and add about $5000-10,000. Subtract the total from the average selling price of a similar home that has been completely renovated, and that will be the amount that you offer for the house. After all renovations are complete, you will have the $5-10k sweat equity in your house.
- Try to buy a property close to amenities including restaurants and transport hubs. Properties like this will always make a profit worldwide. Always buy something that you are comfortable with just in case you need to stay there a while.
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You have a title company or real estate attorney run a title search to ensure that the property is free of any liens or encumbrances. If you want to know who the owner can do it yourself control of records in the county assessors.
Take it your way
The cheapest way is to go to court and do a search in the title. Is tedious and will take considerable time to find the actual documents of the house, then we will refer to documents in another book, location, etc. go there and the documents referred to another book, location, etc until you go all the way back to the original homestead papers.
The best way is to pay a title company of a couple hundred dollars to do it for you. Then you can be sure not to miss something like a hidden mortgage or lien on the property.
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If your intention is to buy a house in the U.S. and then rent it. This will involve choosing a buyers agent and hire a full service agent. Many difficulties and conflicts of interest are possible in doing this. Is this a good decision?
Suggestions
Let's start with tax issues. Say you buy a property for $ 200,000 and the rent of $ 2000 a month. Tenants or agent must withhold $ 600 a month for federal income tax. (It also owes money to the state.) When you sell, you will pay long term capital gains tax.
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