Tuesday, December 29, 2009

A Senior Benefit

Most folks who decide to retire in the keys do so with the idea of living in paradise mortgage free. They sell their home where the ice takes months to melt and buy their home in the keys next to Flipper the dolphin. Great idea to move down here, not so great idea to pay off the home. Seniors have a huge benefit that they are not very familiar with.

The “Reverse Mortgage” is a very powerful tool that can also be used to purchase property. The “Reverse Purchase” can help you buy your primary home with as little as 25% down and never have a mortgage payment on that property for as long as you live. Here is an example of how you can buy 2 homes and have 0 mortgage payments.

Purchase price $400,000.00 Rather than buying it all cash use 50% down.

Down payment $200,000.00 May be less dependent on age or appraisal

2nd purchase $200,000.00 Purchase rental property that generates $1200 month

There are many benefits to this transaction;

1- $14400 rental income (can pay for taxes and insurance on both properties)
2- Depreciation and interest tax deductions
3- No mortgage payment on either property
4- Future appreciation on 2 properties

The best part of the Reverse Purchase is there no qualifying requirements for income, assets or credit (excluding current bankruptcy). In today’s real estate market with property values being so low and rates at an all time low there may never be a better time to invest in real estate. Why not buy 2 and have 0 payments. There are endless ways this mortgage can provide income and investment options. Any questions I can be reached at frankl@homefinancingcenter.com or 305-923-9312.

Saturday, December 26, 2009

Best Deals on the market

There are some fantastic deals out there! These are the best deals currently on the market:

Condos and Townhomes: Click here
If views are essential to you, of the above these have views: Click here

Dry lot Single Family Homes: Click here

Canal Front Homes: Click here

Open Water Front Homes: Click here

All REO (Bank Owned) properties: Click here

If you are interested in any of these or other properties in the Keys or want to sell please contact me at Wiebkewestedt@aol.com or 305-393-0923

Wednesday, December 16, 2009

Condos/Townhomes by price and by complex

All condos/Townhomes under 300K: Click here
Out of these here are the ones 'I'd buy': Click here
From 300 to 500K: Click here
Out of those 'I'd buy these': Click here
From 500 to 750K: Click here
Out of these the best deals are: Click here
If you have any questions about these or other properies in the Keys please contact me at: 305-393-0923 or Wiebkewestedt@aol.com

And now by complex:
By the way: These links get updated automatically. If you are interested in one particular complex you can come back and visit the link to see if there are any new listings or price reductions etc.
Beacon Reef

Buttonwood Bay

Coral Harbor

Executive Bay Club

Future Yacht Club


Kawama Tower

Landigs of Largo

Mariners Club

Moon Bay

Ocean Harbor

Ocean Pointe

Port of cal

Rock Harbor


Sunset Hammock

Tamarind Bay

The Palms

The Sanctuary

Friday, December 11, 2009

Just came on the market REO under 200K

This just hit the market:
"Condo in Moon bay. This 2/1.5 is in great condition. Neutral paint and ceramic tile thoughout. Spacious lay out, No appliances, Nnutral bathrooms in geat condition. Beautiful private Moon Bay community is located on the bay side with dockage, pool, tennis courts, and close proximity to everything you need."

For more info and pics. please contact me at 305-393-0923
or Wiebkewestedt@aol.com

Monday, December 07, 2009

Foreclosed properties

These properties have been foreclosed on and are now owned by the bank. They are priced at 'distress sales prices' and are great investments. If you are looking for a deal and investement take a look at these: Click here

To purchase a REO (Real Estate Owned property) you must be pre qualified for financing in the amount of your offer or show 'proof of funds' if you are making a cash offer.
If you are interested in any of these or other properties in the keys please contact me at 305-393-0923 or Wiebkewestedt@aol.com

Tuesday, December 01, 2009

November Activity Summary

Upper Keys:
New on the market: Click here
Price changes: Click here
Pending: Click here
Closed: Click here

Middle and Lower Keys:
New on the market: Click here
Price changes: Click here
Pending: Click here
Sold: Click here

If you are interested in buying or selling property in the Keys please contact me at 305-393-0923 or Wiebkewestedt@aol.com