miscellaneous

Where is the highest ROI on real estate? 1. Spruce Pine, NC Number of Listings for Sale: 15. Median Property Price: $399,926. Average Price per Square Foot: $243. Days on Market: 195. Monthly Traditional Rental Income: $4,451. Traditional Cash on Cash Return: 9.78% Traditional Cap Rate: 9.98% Price to Rent Ratio: 7. Which state has […]

What is the 50% rule in real estate? The 50% rule or 50 rule in real estate says that half of the gross income generated by a rental property should be allocated to operating expenses when determining profitability. The rule is designed to help investors avoid the mistake of underestimating expenses and overestimating profits. Which

Is 2022 a good year to buy a rental property? The National Association of Realtors forecasts that the vacancy rate will further tighten to 4.8% in 2022 (5.1% in 2021) and rent growth to average at 10% (7.8% in 2021). One of the main forces behind the rental market upswing is the Covid-driven work-from-home trend.

Do I need a license to rent my house in Florida? Assuming you have the okay from your town to list your home on Airbnb or another vacation rental website, the next thing you’ll need to do is get a license from the Florida Department of Business & Professional Regulations (DBPR). This is a legal

What credit score is needed to rent a house in Florida? Minimum Credit Score – Applicants with a combined household income meeting the income requirements of the specific property they wish to rent must all also have a minimum credit score of 590. (No credit is considered a ZERO score). What documentation is needed to

Is buying rental property in Florida a good idea? In fact, the Florida real estate market is one of the most profitable investment markets to date. There are many factors to suggest that purchasing Florida investment properties is a rewarding experience. For example, the state offers people with a lucrative return on investment on their

Do you need a license to rent your home in Florida? In Florida, there is no statutory requirement for a landlord to have a license to rent their own property. There may be a local business tax for the landlord, but that is not a license. What are the requirements to rent a house in

What is the average cost for closing on a house in Florida? Sellers can expect to pay from 7-9% of the home’s purchase price in closing costs (this includes the commission fees given to the agents). For the average $225,000 home, this equates to a range of $15,750 to $20,250. Fees will vary depending on

Is a vacation rental in Florida a good investment? With an occupancy rate of 50% or higher considered optimal for short-term rental profitability, Florida is a great bet for rental investors. Is it worth buying a vacation home in Florida? Florida will always be a top vacation destination for domestic and international visitors. A Florida

Is 2022 a good year to buy a rental property? The National Association of Realtors forecasts that the vacancy rate will further tighten to 4.8% in 2022 (5.1% in 2021) and rent growth to average at 10% (7.8% in 2021). One of the main forces behind the rental market upswing is the Covid-driven work-from-home trend.