Book: Affordable Florida - Single Family Homes Under $30,000 by Lawrence Matthewscategories: Book, Retire, Vacation Home, Florida Housing, Real Estate, Homes, Single Family, How To, Florida, Retirement, Travel, Manufatured Home, Single Family Homes
Lawrence Matthewsabout this book: This book tells the story about how our family went from bankruptcy and renting to owning a modern single family home on Florida's Gulf Coast. More importantly, we were able to find a great home in a 55+ retirement community – and bought our home for just $17,000 (in 2014). I wanted to show others how to do the same thing, so I spent a year researching all the similar opportunities in Florida, and the book includes more than 200 links to these home sale listings.
There are two little-known methods to assure the kind of success we had. First, land lease; that is, purchase the home, but lease the land for a low monthly fee. This is much better than giving a higher monthly amount to a mortgage company! Second, explore the communities that offer resident-owned, non-profit status. The book shows other communities as well, and covers everything you need to know in detail.
One warning: This sub-market of Florida budget homes has had prices rising rapidly. Prices have gone up at least 20% per year every year since we bought ours. Homes the same size as ours in the same community are now running $26,000 or more. Florida residents who got severe hurricane damage will soon be clamoring for replacements, with insurance and FEMA money in hand, putting more pressure on market prices. At the same time, speculators are coming in because of the fast profits. If you are considering a retirement or vacation home in Florida, you should get started by the end of 2017. I've put a market watch on the book's website to give you a tool to see what's happening.
what to read next: if you read and liked this book...
Other book by Lawrence Matthews
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