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Old 05-09-2015, 11:32 AM
 
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Are there any decent areas where I can find an FHA approved home, (worthy of being livable/rentable, no broken windows or missing plumbing fixtures and with a decent roof with a few years left) in south or central Florida.

Single family home with no HOA.
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Old 05-09-2015, 12:14 PM
 
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There's quite a bit in the Ocala area within the 50K-60K range that seem decent enough.
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Old 05-09-2015, 03:16 PM
 
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Quote:
Originally Posted by kyle19125 View Post
There's quite a bit in the Ocala area within the 50K-60K range that seem decent enough.
Cool thanks for the info, I will look into it.
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Old 05-09-2015, 04:17 PM
 
Location: Port Charlotte
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Look at homes that are being auctioned. I know a gentleman that picked up a 3/2 with a large shop out back for $35K, no repairs needed.
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Old 05-09-2015, 05:56 PM
 
Location: Sarasota FL
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Check for listings on myfloridahomesmls.com enter price range $0-60,000
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Old 05-09-2015, 07:53 PM
 
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Lake Wales
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Old 05-09-2015, 10:48 PM
 
Location: Somewhere
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60K? that's crazy even for Lakeland and Ocala. Maybe in the Everglades or in Florida's Heartland or whatever that region is called.
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Old 05-10-2015, 02:56 AM
 
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Homes for $50K range?
They're out there if you look. just enter the area and price range you are interested in on this site.
http://www.floridabeachhomesandcondo...ic&pt=sfr&city[]=35208&lp=50000&hp=100000&ba=0&srt=ASC

Last edited by jambo101; 05-10-2015 at 03:47 AM..
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Old 05-10-2015, 05:20 AM
 
1,490 posts, read 967,408 times
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Quote:
Originally Posted by so954 View Post
Are there any decent areas where I can find an FHA approved home, (worthy of being livable/rentable, no broken windows or missing plumbing fixtures and with a decent roof with a few years left) in south or central Florida.

Single family home with no HOA.
You can find areas here & there. Palm Bay is another place to check, in the more rural south areas. Likely going to be under 1200 sq/ft and a bit older (by Florida standards), but they are out there and not awful neighborhoods.
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Old 05-10-2015, 07:08 AM
 
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Quote:
Originally Posted by MartinEden99 View Post
You can find areas here & there. Palm Bay is another place to check, in the more rural south areas. Likely going to be under 1200 sq/ft and a bit older (by Florida standards), but they are out there and not awful neighborhoods.
and.....you might have to put in about that much more into it to make it liveable. Houses in that category usually were abandoned foreclosures that have been stripped of AC, kitchen cabinets, walls kicked in so you have to replace a lot of drywall, etc. 5 years ago when we were looking we looked at a house that was beautifully well kept from the street view, bt had everything including the kitchen sink stripped, animals living in it, and stunk to high heaven. Realtor which had the listing had no idea it was in that shape. Pictures may not tell the story of thecondition of the house so definitely do not buy unseen.
$50-60000 is more the price of an older mobile home since home prices have gone up even in Palm Bay.

As for getting FHA loans on them....most want cash, or conventional loan instead of FHA because they might not meet FHA guidelines.
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