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Now he's got 4 feet of water and mud in his house.
I have visited Sanibel Island near Fort Myers, and Longboat Key and Anna Maria Island near Sarasota.
GNL says
How come I'm the only dumb motherfucker who isn't/hasn't received any fed.gov $$ over the last couple of decades?
Nobody was stopping you from fraudulently getting a PPP "loan". You need to learn how to fraud better.
All of the places on the Gulf of Mexico were disasters waiting to happen.
No more building on it again. Then this problem is permanently solved.
Another mostly permanent solution:
Not readily apparent is an aspect of the law in Florida concerning flood insurance. If your house or apartment has a roof over 10 years of age, you cannot get flood insurance.
GNL says
Now he's got 4 feet of water and mud in his house.
Where in Florida? Got a link to a the listing?
zzyzzx says
GNL says
Now he's got 4 feet of water and mud in his house.
Where in Florida? Got a link to a the listing?
@zzyzzx - I'm pretty sure this is his address...27309 Buccaneer Dr Bonita Springs Florida.
How do I look at a live view of this listing and surrounding immediate area?
I used to think I wanted a slab foundation but now I'm glad I have a crawl space even though I'm not in a flood zone. Just seems to be more forgiving when water is involved or even in an earthquake.
zzyzzx says
GNL says
Now he's got 4 feet of water and mud in his house.
Where in Florida? Got a link to a the listing?
@zzyzzx - I'm pretty sure this is his address...27309 Buccaneer Dr Bonita Springs Florida.
How do I look at a live view of this listing and surrounding immediate area?
Let the hurricane damage and repair bills be the landlords' problems.
I don't get the frenzy to buy! buy! buy! In recent years different cousins of mine bought homes in Sarasota upon retiring in their 60's.
But you're then at the mercy of the landlord to repair the place
GNL says
zzyzzx says
GNL says
Now he's got 4 feet of water and mud in his house.
Where in Florida? Got a link to a the listing?
@zzyzzx - I'm pretty sure this is his address...27309 Buccaneer Dr Bonita Springs Florida.
How do I look at a live view of this listing and surrounding immediate area?
If I must guess, your friend bought it for the land value, not the house. It has waterway to the Bay. These lots are hard to come by. Here’s a comp in the area. This is probably what your friend has in mind once he took possession of the property.
This is one of the things I notice on Patnet. People are quick to jump to conclusions. In real estate, people get paid...
Eman says
GNL says
zzyzzx says
GNL says
Now he's got 4 feet of water and mud in his house.
Where in Florida? Got a link to a the listing?
@zzyzzx - I'm pretty sure this is his address...27309 Buccaneer Dr Bonita Springs Florida.
How do I look at a live view of this listing and surrounding immediate area?
If I must guess, your friend bought it for the land value, not the house. It has waterway to the Bay. These lots are hard to come by. Here’s a comp in the area. This is probably what your friend has in mind once he took possession of the property.
This i...
It was listed and sold for $540k. I don’t know if $540k is the foreclosed price. You said he bought it as a foreclosure, which means there’s a high probability he got it at a much lower price. I’m not familiar for FL foreclosure laws to know.
As you could see the sold comps, houses don’t have waterway sold for at least a couple hundred thousands less….
I’ve seen folks who bought this type of property. They can “claim” they live there for more than 6 months out of the year for tax purposes, especially if he’s from the Northeast, while he’s going through design and planning to get approved plans for a new construction. In my neck of the woods, this process takes a couple years. If he’s in a high income tax bracket, claim residency in FL can save him big bucks in a couple years.
It was listed and sold for $540k. I don’t know if $540k is the foreclosed price. You said he bought it as a foreclosure, which means there’s a high probability he got it at a much lower price. I’m not familiar for FL foreclosure laws to know.
As you could see the sold comps, houses don’t have waterway sold for at least a couple hundred thousands less….
I’ve seen folks who bought this type of property. They can “claim” they live there for more than 6 months out of the year for tax purposes, especially if he’s from the Northeast, while he’s going through design and planning to get approved plans for a new construction. In my neck of the woods, this process takes a couple years. If he’s in a high income tax bracket, claim residency in FL can save him big bucks in a couple years.
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Not readily apparent is an aspect of the law in Florida concerning flood insurance. If your house or apartment has a roof over 10 years of age, you cannot get flood insurance. I spent hours watching many people in the area of destruction being interviewed. Most had lost everything, and their normal homeowner's insurance will not pay for the losses. They could not get flood insurance. Many are old and have lost all. Imagine yourself in a situation like that.