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@@Loagz_Beatz I grew up in Naples! Gnv is definitely cheaper!

@@abefroman5191 without going too deeply into it, I would imagine you still saved money. Property taxes are reassessed whenever a house sells so the property taxes go up- The Homestead gives you a discount and “locks in” your current property value. If you want me to look into it more thoroughly email me and I’ll happily take a look.

@LindseyJohnsonRealtor yeah, I'm four years into ownership so I don't know what happened but I'll look into it. I appreciate your response.

@@kainsarafan8190 great question! I’d need more details to answer this question effectively. Can you email me? LindseyJohnsonRealtorFL@gmail.com

@@hellspite hi! Everything in this video is accurate- these are local inside tips. So glad you watched my other videos to get even more GNV info -can’t fit it all into one but I’m glad you’re doing your research 😃

@@hellspite I do pros AND cons videos- every place has things to love and things you’d change. 😁

@@bewhimsie1657 absolutely! It is a lot to navigate, I’m glad this was helpful!

@@sgrr.6685 I always recommend that people in Florida file for homestead on the house they are living in because it caps your property taxes. For example, in my county, if your house is homesteaded, your property tax can only go up a max of 3% year over here. If it’s not homesteaded, it can change up to 10% year over year. There’s additional savings as well because when you are homesteaded, your tax taxes are calculated based on your purchase price so over the course of your ownership it makes a dramatic difference. If you want to set up a discovery call, I can hop on a zoom with you and show you some real examples and help clarify for your specific situation if you would like. Just let me know. 😁

@@sgrr.6685 correct- the new house you live in becomes your primary when you homestead it. The previous property loses its homestead, so the property taxes will go up. If you keep that first property as a rental, just make sure you budget for the fact that the taxes will be much higher in the future.

@@Jimbo171000 there are certain parts of this legislation that apply to associations with over 100 homes. If you have a smaller HOA, I would chat with your association to see which parts apply. Also this is for Florida, are you in Florida?

@@LindseyJohnsonRealtor never trust the enemy to tell you what's going on, read up or ask an independent source.

@@sergioortega7640 I’d say I’m neutral on HOAs- there are pros and cons to having one (as you mentioned above) and not having one (you’re free to do what you want… but so is your neighbor). If you watch the video this is detailing some new legislation made to hold HOAs more accountable which is a good thing. Especially in FL many communities have HOAs so if a buyer is looking for a particular neighborhood, school zone or newer built, an HOA is probably going to come with it. My HOA just cracked down on garbage can storage and we all got a letter. It’s no fun, but I do love my neighbors and our location so it’s an inconvenience I’m willing to sign up for. But here’s hoping that the new legislation will help clean up those HOAs that aren’t doing their job or at the very least make it easier for a would-be buyer to find the documents to make an informed decision on whether or not the HOA is well run. 🙂

In Florida if you live in a gated community and have an HOA something to look out for when the homes are connected is there is something in each contact that says if any homeowner in the community is behind on either homeowners dues or monthly maintenance fees those fees will be evenly paid by the homeowners. I knew many people and when I asked them how many home owners were behind in payments in they told me about 35 I asked these questions because I was a state certified appraiser at the time.

@@carlosmontoya6443 you are welcome and congrats!!!

@@debbietassin3239 you are welcome!

@@lizzieb6311 I hear you- there is a ton of upkeep and cost to larger homes. It’s funny, I actually love the idea of a tiny home. I think it would feel very freeing to downsize and simplify- but my husband is 6’5” so that may be a hard sell 😉 I don’t think there’s anything wrong with purchasing a tiny home if it’s the right fit. But I have come across lots of people who want to purchase one thinking they can get in for cheap and then use that as a trading card to their next home, but that typically is not the case. It’s similar for mobile homes. I sell mobile homes to people and have no problem with it, but I always do make them aware that the appreciation of a mobile home is different than a traditional single-family home. At the end of the day you’ve got to do what’s right for you. Hopefully you’ll have great equity in your current property to pay cash for the tiny home and have some leftover for savings (ask your cpa so you can figure out capital gains if you don’t reinvest the entire amount). And good luck! 👍🏼🍀

@@LindseyJohnsonRealtor thank you! I appreciate and agree with your responses. I’m looking forward to leaving behind my beautiful home that does indeed own me. I’ll have it paid off in June and will have plenty to purchase a nice piece of property and develop it and put in place a tiny sized home and studio. Looking forward to the freedom! Thanks again for your response.

@@lizzieb6311 you’re welcome! Thank YOU! I am excited for you- I bet you’ll feel so much lighter

Exactly.

@@ericdavidfrank I hear you- commission breath is the worst! I have no issues with tiny homes but similar to mobile homes (which I’ve sold too) the appreciation is different. I think people should look at all sides. The total investment in a tiny home is definitely less (way less without question) but people should know that it’s not going to grow in value.

@@Soxandnicole absolutely! I’ve always loved the idea of a tiny home, but not quite sure I can commit to that amount of downsizing yet at this season of my life. They actually have tiny home hotels throughout the country and I’ve always wanted to stay in one to see what it’s like.

@@cesarcamp we are fairly land locked so while we had some damage it was nowhere near the devastation that other areas saw. Power was restored fairly quickly and biggest issues were downed trees Because we are landlocked, hurricanes don’t bring the storm surge like coastal areas

@@LindseyJohnsonRealtor thanks God 🙏

@@LivingInFortWayne thank you!!! You have no idea how much that means. I’m glad it’s helpful. If you have any questions let me know!

Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.

The issue is people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt. Ideally, advisors are reps for investing jobs, and at first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.

Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?

My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

@@cesarcamp there’s a wide range depending upon what you’re looking for… can you give me some criteria? Feel free to email me is that’s easier LindseyJohnsonRealtorFL@gmail.com

@@cesarcamp hi! Do you want to know the cost of an average rental in our area?

@@LindseyJohnsonRealtor yes

@@chewylags great question! Two follow up questions… Which county are you in? Did you purchase Feb 2024? If so, you’re “true” TRIM notice won’t be assessed until next year starting Jan 1, 2025. So that’s the one to pay verrrrry close attention to.

@@LindseyJohnsonRealtor We’re in Walton county, and yes February of 2024. Okay gotcha so August of 2025 will be our first real TRIM notice?

@@chewylags correct! Your current TRIM is based on previous owner and their purchase price, homestead etc. Make SUPER sure you apply for your homestead if you haven’t already. Next Aug pay super close attention because as of Jan 1, 2025 it will be reassessed for current numbers.

@@LindseyJohnsonRealtor The previous owner of our house purchased the home for significantly less (280k in 2020). It was also his primary residence, so I assume he was homesteaded. And if his property taxes could only increase by 3% max per year since 2020, it doesn’t make sense for the market value to be at 393k, does it? I’m a first time home owner so I just want to make sure I’m not missing anything.

@@chewylags that does seem odd… can you email me your address? I can take a look at the property appraiser site and give you more details LindseyJohnsonRealtorFL@gmail.com

@@stretch_zzz I know! Wish I could opt out sometimes. I will say that when power goes out (which is not often) it comes back on very fast so at the very least my large utility bill is giving me fast service (gotta find the positive right?!?!) 😁

@@billnotice9957 you’re welcome! Insurance is cracking down. Are you in Florida? It’s gotten really strict here.

@@LindseyJohnsonRealtor Detroit.

@@michaelcummings8119 you’re so welcome! It can feel like a lot to navigate so I’m glad this is was helpful

@@anthonyroman2589 Hi hi hi!!!! 👋🏻

@@queenbrown17 you are welcome! Big changes coming to the industry for your protection. If you have questions let me know!

@@dougdorrer4622 you’re 100% correct! Buyers and sellers have never been required to use an agent. Many choose to do so to have a professional in their corner but it’s never been required.

@@JMLestino you’ll have to talk to you lender for specifics but they will ask for pay stubs and bank statements so you’ll need to be able to show your income as well as your ability to pay down payment and have some reserves.