11-09-2012, 07:02 AM
Location: San Diego
774 posts, read
1,780,701 times
Reputation: 471
Florida Teen Willow Tufano Buys Second Home - ABC News
(If ABCNews gives you a paywall, type "Florida Teen Buys Second Home" into Google instead of clicking the link)
There was a bunch of articles about this. She bought the first house for $12,000, spent $15,000 on repairs and then rented it out. This second house she plans to rent out for $800/mo after repairs.
Is Port Charlotte (and rural/coastal Florida) really this cheap?
Was it a bad neighborhood? (As I understood it from the many news articles about this, it wasn't. I believe "Girard Court" was mentioned somewhere, but I can't find it on the map)
Dilapidated crack house?
Previously flooded and uninsurable?
What's the catch?
By the way, how much does electricity/AC typically cost (per year) in that area? What about a comprehensive insurance (hurricanes, flooding, etc.)?
11-09-2012, 08:02 AM
Location: Lemon Bay, Englewood, FL
3,179 posts, read
6,011,993 times
Reputation: 1170
Yes, everyone knows about Willow. There are some deals like that around (they are in your area too, you just have to look for them). They are not advertised. They are court auctions and you must be very familiar with these cash transactions or you could lose your butt. Thankfully for Willow, her mother is a RE agent/investor and facilitated the purchases. This is not for the entry-level investor.
11-09-2012, 08:58 AM
Location: San Diego
774 posts, read
1,780,701 times
Reputation: 471
Quote:
Originally Posted by
Harbor Hopper
Yes, everyone knows about Willow. There are some deals like that around (they are in your area too, you just have to look for them). They are not advertised. They are court auctions and you must be very familiar with these cash transactions or you could lose your butt. Thankfully for Willow, her mother is a RE agent/investor and facilitated the purchases. This is not for the entry-level investor.
Can't anyone hire a realtor to find great deals like this for them? Or will the realtor's fee eat much of the savings?
11-09-2012, 10:15 AM
Location: Lemon Bay, Englewood, FL
3,179 posts, read
6,011,993 times
Reputation: 1170
Quote:
Originally Posted by
max.b
Can't anyone hire a realtor to find great deals like this for them? Or will the realtor's fee eat much of the savings?
Nope. Realtors generally don't show auction properties to buyers, as they are not technically listed "for sale" on the MLS. Plus, depending on the property, the sales prices would be so low that the commission wouldn't even be worth the work. Also, a realtor can't "show" an auction property. They are locked up by the banks. No entry. No inspections prior to purchase. nothing. That's why it is high risk and not for the novice.
The really cheap ones are very old homes (1950s-60s) and generally in not-so-nice neighborhoods and usually need to be gutted. In contrast, a decent foreclosure up for auction, in a nicer neighborhood, that hasn't been vandalized, might go at auction for $70-100k and up, CASH only, due within 24hrs of auction close.
11-09-2012, 11:00 AM
Location: San Diego
774 posts, read
1,780,701 times
Reputation: 471
Who puts their property up for an auction without listing it in order to reach as many buyers as possible? Isn't it against the seller's interest to hide the auction?
I see "auctions" on a certain real estate listings web site (not sure if I'm allowed to link to it).
Quote:
Also, a realtor can't "show" an auction property. They are locked up by the banks. No entry. No inspections prior to purchase. nothing.
Why would the sellers prevent the buyers from looking at the property? It seems against their best interests.
11-09-2012, 01:09 PM
Location: sittin happy in the sun :-)
3,645 posts, read
7,159,651 times
Reputation: 1877
be warned....a lot of the auction propertys are with banks. they dont allow you in and disclose nothing.
11-09-2012, 02:09 PM
Location: Jupiter, FL
2,006 posts, read
3,325,595 times
Reputation: 2306
Quote:
Originally Posted by
mr&mrssunshine
I know of a property 'sold' at auction. found to have CDW which was not mentioned (caveat emtor at auction) though a blind man would have known it was bad.
You should spell it out.
CDW = Chinese Drywall
more information:
Chinese drywall - Wikipedia, the free encyclopedia
11-09-2012, 02:32 PM
Location: Lemon Bay, Englewood, FL
3,179 posts, read
6,011,993 times
Reputation: 1170
Quote:
Originally Posted by
max.b
Who puts their property up for an auction without listing it in order to reach as many buyers as possible? Isn't it against the seller's interest to hide the auction?
Abdolutely no offense intended here, but if you think these are normal "sellers", than you need to learn a lot more abour RE. These are bank repos and tax sales. They are usually not sold through the standard MLS method.
11-09-2012, 09:37 PM
Location: San Diego
774 posts, read
1,780,701 times
Reputation: 471
Quote:
Originally Posted by
Harbor Hopper
Abdolutely no offense intended here, but if you think these are normal "sellers", than you need to learn a lot more abour RE. These are bank repos and tax sales. They are usually not sold through the standard MLS method.
I didn't say or imply that the seller must be an individual. Whoever the current owner is, why would they do anything that significantly reduces the buyers' interest in the property and lowers the expected sale price? Why would they try to sell at an auction that no one knows about and prevent the prospective buyers from inspecting the property? This doesn't make sense.
11-10-2012, 10:23 AM
Location: Florida
1,646 posts, read
3,031,739 times
Reputation: 1126
Quote:
Originally Posted by
max.b
I didn't say or imply that the seller must be an individual. Whoever the current owner is, why would they do anything that significantly reduces the buyers' interest in the property and lowers the expected sale price? Why would they try to sell at an auction that no one knows about and prevent the prospective buyers from inspecting the property? This doesn't make sense.
I think many of these sub $20k house auctions are tax sales by the county. The county is just looking to get the owed back taxes plus expenses. I'm pretty sure the county must return any "profit" beyond that to the previous owner. Same goes with foreclosures on houses that had equity, the bank can only keep what they were owed and return the rest to the previous owner.
So in these cases, the "seller" really doesn't give a damn. Break-even is easier for them. In fact, many times the buyer IS the previous owner or family member, they already know what is on the inside.
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Median household income ($) - Asian
Median household income ($) - Hispanic or Latino
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Median household income for apartments without a mortgage ($)
Races - White alone (%)
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Racial diversity
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COVID Vaccine doses administered (Sep 19, 2023)
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Mean house or condo value by units in structure - 1, detached ($)
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Mean house or condo value by units in structure - 2 ($)
Mean house or condo value by units in structure by units in structure - 3 or 4 ($)
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Mean house or condo value by units in structure - Boat, RV, van, etc. ($)
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Commute - mean travel time to work (minutes)
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Travel time to work - 60 to 89 minutes (% change since 2000)
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Marital status - Now married (%)
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Median year house/condo built
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Year house built - Built 2000 to 2004 (%)
Year house built - Built 1990 to 1999 (%)
Year house built - Built 1980 to 1989 (%)
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Year house built - Built 1939 or earlier (%)
Average household size
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Average household size - Black or African American
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Occupied housing units (%)
Vacant housing units (%)
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Vacancy status - For rent (%)
Vacancy status - For sale only (%)
Vacancy status - Rented or sold, not occupied (%)
Vacancy status - For seasonal, recreational, or occasional use (%)
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Residents with income below the poverty level (%)
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Poverty status for native-born residents (%)
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Poverty among high school graduates not in families (%)
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Residents with income below the poverty level (%) - White
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Residents with income below the poverty level (%) - Multirace
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Air pollution - NO2
Air pollution - SO2
Air pollution - Ozone
Air pollution - PM10
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Air pollution - Pb
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Crime - Burglaries per 100,000 population (5 year average)
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1996 Presidential Elections Results (%) - Democratic Party (Clinton)
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1996 Presidential Elections Results (%) - Other
2000 Presidential Elections Results (%) - Democratic Party (Gore)
2000 Presidential Elections Results (%) - Republican Party (Bush)
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2004 Presidential Elections Results (%) - Democratic Party (Kerry)
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2008 Presidential Elections Results (%) - Democratic Party (Obama)
2008 Presidential Elections Results (%) - Republican Party (McCain)
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2012 Presidential Elections Results (%) - Democratic Party (Obama)
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2016 Presidential Elections Results (%) - Democratic Party (Clinton)
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2020 Presidential Elections Results (%) - Democratic Party (Biden)
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Educational Attainment - No schooling completed (%)
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School Enrollment - Not enrolled in school (%)
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School enrollment - Not enrolled (%)
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Housing units lacking complete plumbing facilities (%)
Housing units lacking complete kitchen facilities (%)
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Urban houses (%)
Rural houses (%)
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Mean number of vehichles in owner occupied houses
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Mean number of vehichles in renter occupied houses
Mortgage status - with mortgage (%)
Mortgage status - with second mortgage (%)
Mortgage status - with home equity loan (%)
Mortgage status - with both second mortgage and home equity loan (%)
Mortgage status - without a mortgage (%)
Average family size
Average family size - White
Average family size - Black or African American
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Geographical mobility - Same house 1 year ago (%)
Geographical mobility - Moved within same county (%)
Geographical mobility - Moved from different county within same state (%)
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Place of birth - Born in state of residence (%)
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Housing units in structures - 1, detached (%)
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Housing units in structures - 2 (%)
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Housing units in structures - 5 to 9 (%)
Housing units in structures - 10 to 19 (%)
Housing units in structures - 20 to 49 (%)
Housing units in structures - 50 or more (%)
Housing units in structures - Mobile home (%)
Housing units in structures - Boat, RV, van, etc. (%)
House/condo owner moved in on average (years ago)
Renter moved in on average (years ago)
Year householder moved into unit - Moved in 1999 to March 2000 (%)
Year householder moved into unit - Moved in 1995 to 1998 (%)
Year householder moved into unit - Moved in 1990 to 1994 (%)
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Year householder moved into unit - Moved in 1969 or earlier (%)
Means of transportation to work - Drove car alone (%)
Means of transportation to work - Carpooled (%)
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Means of transportation to work - Motorcycle (%)
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Working at home (%)
Industry diversity
Most Common Industries - Agriculture, forestry, fishing and hunting, and mining (%)
Most Common Industries - Agriculture, forestry, fishing and hunting (%)
Most Common Industries - Mining, quarrying, and oil and gas extraction (%)
Most Common Industries - Construction (%)
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Occupation diversity
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Most Common Occupations - Food preparation and serving related occupations (%)
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Most Common Occupations - Sales and related occupations (%)
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Most Common Occupations - Natural resources, construction, and maintenance occupations (%)
Most Common Occupations - Farming, fishing, and forestry occupations (%)
Most Common Occupations - Construction and extraction occupations (%)
Most Common Occupations - Installation, maintenance, and repair occupations (%)
Most Common Occupations - Production, transportation, and material moving occupations (%)
Most Common Occupations - Production occupations (%)
Most Common Occupations - Transportation occupations (%)
Most Common Occupations - Material moving occupations (%)
People in Group quarters - Institutionalized population (%)
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People in Group quarters - Military disciplinary barracks (%)
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People in Group quarters - Other types of correctional institutions (%)
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People in Group quarters - Hospitals/wards, hospices, and schools for the handicapped (%)
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People in Group quarters - Schools, hospitals, or wards for the mentally retarded (%)
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People in Group quarters - Training schools for juvenile delinquents (%)
People in Group quarters - Short-term care, detention or diagnostic centers for delinquent children (%)
People in Group quarters - Type of juvenile institution unknown (%)
People in Group quarters - Noninstitutionalized population (%)
People in Group quarters - College dormitories (includes college quarters off campus) (%)
People in Group quarters - Military quarters (%)
People in Group quarters - On base (%)
People in Group quarters - Barracks, unaccompanied personnel housing (UPH), (Enlisted/Officer), ;and similar group living quarters for military personnel (%)
People in Group quarters - Transient quarters for temporary residents (%)
People in Group quarters - Military ships (%)
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People in Group quarters - Homes or halfway houses for drug/alcohol abuse (%)
People in Group quarters - Homes for the mentally ill (%)
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People in Group quarters - Other group homes (%)
People in Group quarters - Religious group quarters (%)
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People in Group quarters - Agriculture workers' dormitories on farms (%)
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People in Group quarters - Crews of maritime vessels (%)
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Residents speaking English at home (%)
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Residents speaking English at home - Foreign born (%)
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Residents speaking Spanish at home - Born in the United States (%)
Residents speaking Spanish at home - Native, born elsewhere (%)
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Residents speaking other language at home - Foreign born (%)
Class of Workers - Employee of private company (%)
Class of Workers - Self-employed in own incorporated business (%)
Class of Workers - Private not-for-profit wage and salary workers (%)
Class of Workers - Local government workers (%)
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Class of Workers - Federal government workers (%)
Class of Workers - Self-employed workers in own not incorporated business and Unpaid family workers (%)
House heating fuel used in houses and condos - Utility gas (%)
House heating fuel used in houses and condos - Bottled, tank, or LP gas (%)
House heating fuel used in houses and condos - Electricity (%)
House heating fuel used in houses and condos - Fuel oil, kerosene, etc. (%)
House heating fuel used in houses and condos - Coal or coke (%)
House heating fuel used in houses and condos - Wood (%)
House heating fuel used in houses and condos - Solar energy (%)
House heating fuel used in houses and condos - Other fuel (%)
House heating fuel used in houses and condos - No fuel used (%)
House heating fuel used in apartments - Utility gas (%)
House heating fuel used in apartments - Bottled, tank, or LP gas (%)
House heating fuel used in apartments - Electricity (%)
House heating fuel used in apartments - Fuel oil, kerosene, etc. (%)
House heating fuel used in apartments - Coal or coke (%)
House heating fuel used in apartments - Wood (%)
House heating fuel used in apartments - Solar energy (%)
House heating fuel used in apartments - Other fuel (%)
House heating fuel used in apartments - No fuel used (%)
Armed forces status - In Armed Forces (%)
Armed forces status - Civilian (%)
Armed forces status - Civilian - Veteran (%)
Armed forces status - Civilian - Nonveteran (%)
Fatal accidents locations in years 2005-2021
Fatal accidents locations in 2005
Fatal accidents locations in 2006
Fatal accidents locations in 2007
Fatal accidents locations in 2008
Fatal accidents locations in 2009
Fatal accidents locations in 2010
Fatal accidents locations in 2011
Fatal accidents locations in 2012
Fatal accidents locations in 2013
Fatal accidents locations in 2014
Fatal accidents locations in 2015
Fatal accidents locations in 2016
Fatal accidents locations in 2017
Fatal accidents locations in 2018
Fatal accidents locations in 2019
Fatal accidents locations in 2020
Fatal accidents locations in 2021
Alcohol use - People drinking some alcohol every month (%)
Alcohol use - People not drinking at all (%)
Alcohol use - Average days/month drinking alcohol
Alcohol use - Average drinks/week
Alcohol use - Average days/year people drink much
Audiometry - Average condition of hearing (%)
Audiometry - People that can hear a whisper from across a quiet room (%)
Audiometry - People that can hear normal voice from across a quiet room (%)
Audiometry - Ears ringing, roaring, buzzing (%)
Audiometry - Had a job exposure to loud noise (%)
Audiometry - Had off-work exposure to loud noise (%)
Blood Pressure & Cholesterol - Has high blood pressure (%)
Blood Pressure & Cholesterol - Checking blood pressure at home (%)
Blood Pressure & Cholesterol - Frequently checking blood cholesterol (%)
Blood Pressure & Cholesterol - Has high cholesterol level (%)
Consumer Behavior - Money monthly spent on food at supermarket/grocery store
Consumer Behavior - Money monthly spent on food at other stores
Consumer Behavior - Money monthly spent on eating out
Consumer Behavior - Money monthly spent on carryout/delivered foods
Consumer Behavior - Income spent on food at supermarket/grocery store (%)
Consumer Behavior - Income spent on food at other stores (%)
Consumer Behavior - Income spent on eating out (%)
Consumer Behavior - Income spent on carryout/delivered foods (%)
Current Health Status - General health condition (%)
Current Health Status - Blood donors (%)
Current Health Status - Has blood ever tested for HIV virus (%)
Current Health Status - Left-handed people (%)
Dermatology - People using sunscreen (%)
Diabetes - Diabetics (%)
Diabetes - Had a blood test for high blood sugar (%)
Diabetes - People taking insulin (%)
Diet Behavior & Nutrition - Diet health (%)
Diet Behavior & Nutrition - Milk product consumption (# of products/month)
Diet Behavior & Nutrition - Meals not home prepared (#/week)
Diet Behavior & Nutrition - Meals from fast food or pizza place (#/week)
Diet Behavior & Nutrition - Ready-to-eat foods (#/month)
Diet Behavior & Nutrition - Frozen meals/pizza (#/month)
Drug Use - People that ever used marijuana or hashish (%)
Drug Use - Ever used hard drugs (%)
Drug Use - Ever used any form of cocaine (%)
Drug Use - Ever used heroin (%)
Drug Use - Ever used methamphetamine (%)
Health Insurance - People covered by health insurance (%)
Kidney Conditions-Urology - Avg. # of times urinating at night
Medical Conditions - People with asthma (%)
Medical Conditions - People with anemia (%)
Medical Conditions - People with psoriasis (%)
Medical Conditions - People with overweight (%)
Medical Conditions - Elderly people having difficulties in thinking or remembering (%)
Medical Conditions - People who ever received blood transfusion (%)
Medical Conditions - People having trouble seeing even with glass/contacts (%)
Medical Conditions - People with arthritis (%)
Medical Conditions - People with gout (%)
Medical Conditions - People with congestive heart failure (%)
Medical Conditions - People with coronary heart disease (%)
Medical Conditions - People with angina pectoris (%)
Medical Conditions - People who ever had heart attack (%)
Medical Conditions - People who ever had stroke (%)
Medical Conditions - People with emphysema (%)
Medical Conditions - People with thyroid problem (%)
Medical Conditions - People with chronic bronchitis (%)
Medical Conditions - People with any liver condition (%)
Medical Conditions - People who ever had cancer or malignancy (%)
Mental Health - People who have little interest in doing things (%)
Mental Health - People feeling down, depressed, or hopeless (%)
Mental Health - People who have trouble sleeping or sleeping too much (%)
Mental Health - People feeling tired or having little energy (%)
Mental Health - People with poor appetite or overeating (%)
Mental Health - People feeling bad about themself (%)
Mental Health - People who have trouble concentrating on things (%)
Mental Health - People moving or speaking slowly or too fast (%)
Mental Health - People having thoughts they would be better off dead (%)
Oral Health - Average years since last visit a dentist
Oral Health - People embarrassed because of mouth (%)
Oral Health - People with gum disease (%)
Oral Health - General health of teeth and gums (%)
Oral Health - Average days a week using dental floss/device
Oral Health - Average days a week using mouthwash for dental problem
Oral Health - Average number of teeth
Pesticide Use - Households using pesticides to control insects (%)
Pesticide Use - Households using pesticides to kill weeds (%)
Physical Activity - People doing vigorous-intensity work activities (%)
Physical Activity - People doing moderate-intensity work activities (%)
Physical Activity - People walking or bicycling (%)
Physical Activity - People doing vigorous-intensity recreational activities (%)
Physical Activity - People doing moderate-intensity recreational activities (%)
Physical Activity - Average hours a day doing sedentary activities
Physical Activity - Average hours a day watching TV or videos
Physical Activity - Average hours a day using computer
Physical Functioning - People having limitations keeping them from working (%)
Physical Functioning - People limited in amount of work they can do (%)
Physical Functioning - People that need special equipment to walk (%)
Physical Functioning - People experiencing confusion/memory problems (%)
Physical Functioning - People requiring special healthcare equipment (%)
Prescription Medications - Average number of prescription medicines taking
Preventive Aspirin Use - Adults 40+ taking low-dose aspirin (%)
Reproductive Health - Vaginal deliveries (%)
Reproductive Health - Cesarean deliveries (%)
Reproductive Health - Deliveries resulted in a live birth (%)
Reproductive Health - Pregnancies resulted in a delivery (%)
Reproductive Health - Women breastfeeding newborns (%)
Reproductive Health - Women that had a hysterectomy (%)
Reproductive Health - Women that had both ovaries removed (%)
Reproductive Health - Women that have ever taken birth control pills (%)
Reproductive Health - Women taking birth control pills (%)
Reproductive Health - Women that have ever used Depo-Provera or injectables (%)
Reproductive Health - Women that have ever used female hormones (%)
Sexual Behavior - People 18+ that ever had sex (vaginal, anal, or oral) (%)
Sexual Behavior - Males 18+ that ever had vaginal sex with a woman (%)
Sexual Behavior - Males 18+ that ever performed oral sex on a woman (%)
Sexual Behavior - Males 18+ that ever had anal sex with a woman (%)
Sexual Behavior - Males 18+ that ever had any sex with a man (%)
Sexual Behavior - Females 18+ that ever had vaginal sex with a man (%)
Sexual Behavior - Females 18+ that ever performed oral sex on a man (%)
Sexual Behavior - Females 18+ that ever had anal sex with a man (%)
Sexual Behavior - Females 18+ that ever had any kind of sex with a woman (%)
Sexual Behavior - Average age people first had sex
Sexual Behavior - Average number of female sex partners in lifetime (males 18+)
Sexual Behavior - Average number of female vaginal sex partners in lifetime (males 18+)
Sexual Behavior - Average age people first performed oral sex on a woman (18+)
Sexual Behavior - Average number of woman performed oral sex on in lifetime (18+)
Sexual Behavior - Average number of male sex partners in lifetime (males 18+)
Sexual Behavior - Average number of male anal sex partners in lifetime (males 18+)
Sexual Behavior - Average age people first performed oral sex on a man (18+)
Sexual Behavior - Average number of male oral sex partners in lifetime (18+)
Sexual Behavior - People using protection when performing oral sex (%)
Sexual Behavior - Average number of times people have vaginal or anal sex a year
Sexual Behavior - People having sex without condom (%)
Sexual Behavior - Average number of male sex partners in lifetime (females 18+)
Sexual Behavior - Average number of male vaginal sex partners in lifetime (females 18+)
Sexual Behavior - Average number of female sex partners in lifetime (females 18+)
Sexual Behavior - Circumcised males 18+ (%)
Sleep Disorders - Average hours sleeping at night
Sleep Disorders - People that has trouble sleeping (%)
Smoking-Cigarette Use - People smoking cigarettes (%)
Taste & Smell - People 40+ having problems with smell (%)
Taste & Smell - People 40+ having problems with taste (%)
Taste & Smell - People 40+ that ever had wisdom teeth removed (%)
Taste & Smell - People 40+ that ever had tonsils teeth removed (%)
Taste & Smell - People 40+ that ever had a loss of consciousness because of a head injury (%)
Taste & Smell - People 40+ that ever had a broken nose or other serious injury to face or skull (%)
Taste & Smell - People 40+ that ever had two or more sinus infections (%)
Weight - Average height (inches)
Weight - Average weight (pounds)
Weight - Average BMI
Weight - People that are obese (%)
Weight - People that ever were obese (%)
Weight - People trying to lose weight (%)
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