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Old 03-27-2018, 07:21 PM
 
10,265 posts, read 6,491,094 times
Reputation: 10837

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Quote:
Originally Posted by NY Annie View Post
We bought our home for under $50K in SW TN. Our property taxes began at $262 - YEARLY and are now below $250. We have 4 acres, added a pool, deck, and recently gutted and rebuilt the bathroom; we put a new metal roof on, added another room, installed a back-up generator and a safeshed (tornado shelter). The 3 bedrooms are small, but we have 3 outbuildings for storage. A friend from the north east is thinking of retiring here and I've been looking, there is still a decent market for $50K homes in this area. We took our time making the improvements but we're comfortable.


If you're looking for good schools, this is not the area. If you're willing to drive 30-45 minutes' commute, you can find decent jobs.
How much is your property insurance per year. I'm in Florida and mine is high, I would think it's also high in a tornado area.
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Old 03-27-2018, 07:37 PM
 
6,103 posts, read 3,261,607 times
Reputation: 8333
Quote:
Originally Posted by dontaskwhy View Post
Trust me that property taxes in FL are minimal compared to many other states. It does differ county by county and city by city and that is the same nationwide.
Insurance not taxes. Many insurance companies have fled Florida after all the hurricane losses which reduces competition and increases rates.
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Old 03-27-2018, 07:40 PM
 
Location: Ocala, FL
3,119 posts, read 5,745,422 times
Reputation: 2639
Sorry, my error. I misread your post. I agree about insurance in FL is far too high. I had taxes on my mind and I retracted my last post.
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Old 03-27-2018, 08:02 PM
 
Location: Saint John, IN
10,638 posts, read 3,311,331 times
Reputation: 12748
Finding a house under $50k is easy. Finding a house for $50k in a low crime area with good schools and close to good jobs, not so much. And it most likely won't be move in ready!
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Old 03-27-2018, 08:22 PM
 
Location: Formerly Pleasanton Ca, now in Marietta Ga
4,110 posts, read 3,400,520 times
Reputation: 5633
Quote:
Originally Posted by jm1982 View Post
How much did she spend on the rentals and what are rents ?

I guess as long as one can keep the properties rented itís ok if there isnít high growth.
She bought from 15K to up to $43K including rehab work. Rents from 600 to 750. I think her ROI is about 16% based on no financing. She paid all cash.
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Old 03-27-2018, 08:29 PM
 
877 posts, read 461,070 times
Reputation: 2971
Quote:
Originally Posted by mathjak107 View Post
i would think they would be in some pretty undesirable areas
Quote:
Originally Posted by dontaskwhy View Post
Not necessarily. I live in North Central Florida....
You're only helping to make Mathjak's point.
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Old 03-27-2018, 08:49 PM
 
Location: Ocala, FL
3,119 posts, read 5,745,422 times
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Quote:
Originally Posted by InchingWest View Post
You're only helping to make Mathjak's point.
Really ?? I don't think North Central Florida is an undesirable location. How do you feel otherwise ??
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Old 03-27-2018, 09:20 PM
 
Location: Youngstown, Oh.
4,779 posts, read 7,337,104 times
Reputation: 4290
Quote:
Originally Posted by dontaskwhy View Post
Really ?? I don't think North Central Florida is an undesirable location. How do you feel otherwise ??
That's just it. I don't think NE Ohio is an undesirable location, either. But, "they" (whoever "they" are) have decided that it's not desirable, regardless of whether you or I like it, or not.
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Old 03-27-2018, 09:24 PM
 
3,070 posts, read 1,624,127 times
Reputation: 7974
Do you need a job?
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Old 03-27-2018, 09:28 PM
 
3,070 posts, read 1,624,127 times
Reputation: 7974

Quote:
Originally Posted by Diana Holbrook View Post
That first one is such a cute house! Click through to the interior, because the first couple of pictures isn't doing it any favors.
But look at picture 26. I'm not sure if that's a sauna or a holding cell for abductees.
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