Credit score over 770 to get by with 20% down. Interest rates are determined by credit score Many investors want 30% down Rent loss insurance can be waived if the total debt is used in ratios and rental income is not. 6 months cash reserves left in the bank Cannot use any funds from a business if borrower is self employed All funds must be liquid, even for reserves. Rates are real good for investment but they are really tough on credit and reserves. For a 2-4 unit investment, minimal is 70-75% ltv depending on scores. For a conventional loan you can only have 4 properties total (including your primary residence).

The rental market in Lighthouse Point is extremely well and most properties are being rented in about 2-3 weeks tops. This leaves an open door for investors looking to hold on to properties and rent them for the long term. If you would like a list of available properties that would make great rentals, can send it to you. This is a great way to offset the cost for college tuition for a younger child. Purchase a rental property now while rates are low and see the benefits of real estate in 15 years later!!!!http://www.thinkglink.com/article/2009/01/19/rental-property-income-pays-college-tuition

If you have any more questions let me know and we will try to get them answered for you, or you can contact Kim Nelson at 954-263-8373 I can also put you in touch with Wanda!

There are several different areas in Lighthouse point that offer condominium living. The most well known are the marina area of  Lighthouse Point and those areas off of Sample Rd. However, there are some other secret locations like Palm Aire at Coral Key which is located at the east end of NE 48th Ct. and Lighthouse Village on the west side of NE 32nd Ct.

Many people are drawn to the marina area because the drive down NE 27th St., also known as Marina Dr., is a gorgeous display of our waterfront mini mansions and because the marina houses boats for residents in this area. Living in a condo and having your boat just steps away is a great convenience.  Family owned and operated for 40 years, the marina is just minutes from the Hillsboro Inlet and is easy access for any size vessel. http://www.lhpmarina.com

Lighthouse Point also have an area off of NE 44th Ct. that is home to a number of affordable condos, many of which have been remodeled. These condos in today’s 2010 market range in prices from $25,000 up to $225,000.

The options for condominium living in Lightouse Point are endless.  There is a place for everyone including townhomes on and off of the water, condos on and off of the water and even a few co-ops and duplex properties. For a list of available condominiums please contact the Susan Nelson Real Estate Team www.MyLighthousePointHome.com

We look forward to helping you find your new home or home away from home!

Palm Aire

Lighthouse Colony

A neighborly community with lots of spirit, combined with informal affluence and a leisurely-hometown pace, give Lighthouse Point a most desirable, easygoing quality of life. www.LighthousePoint.com

Lighthouse Point is approximately 1,600 acres (2.5 square miles). Since the residents have little worries about real estate expansion, the population of about 13,000 has not changed much over the years. There is approximately 18 miles of waterway, 20 acres of parks and mini-parks and 13 miles of bike ways, which symbolize the nature of the community life. You will get a friendly wave from your neighbor in this little small town community while walking your dog or riding your bicycle through town.

The east door of the city opens to the Intracoastal Waterway, which is bordered by the famed Hillsboro Lighthouse, which has stood constant guard over the Hillsboro Inlet since 1906. Federal Highway (US-1) with its shopping centers, restaurants (most locally owned) and other business establishments, is the west door. Situated just 10 minutes north of Fort Lauderdale and 30 miles south of Palm Beach, residents find it easy to take advantage of all the attractions, travel opportunities and cultural activities the neighboring cities have to offer.

The city successfully operates its own police and fire departments, library, recreational programs and parks plus a mayoral system and a city commission. Private membership is also available in the Lighthouse Point Yacht & Racquet Club, which offers a fine clubhouse with dining facilities, boat dockage, swimming pool, tennis, racquetball, health spa and even golfing privileges. www.lpyrc.com

Lighthouse Point eeal estate is highly sought after and is one of South Florida’s most desirable communites and best kept secrets, which offers a small town feeling, coupled with all the convenience of a larger city!

Lighthouse Point is our home, we are part of it and we are proud of it! We wouldn’t want to live anywhere else and would love to have you as a neighbor. Please call to receive a promotional events and services brochure, a map of our city and it’s waterways or real estate properties available that meet your criteria.