October 2015

A Walk Along The Beach in Ponce Inlet Florida

A Walk Along The Beach in Ponce Inlet Florida

By Mike and Peggy Linton, Managing Partners of Linton Global

A Walk Along The Beach in Ponce Inlet Florida

A Walk Along The Beach in Ponce Inlet Florida

After a fun day at Racing’s North Turn restaurant, we decided to take a walk along the beach in Ponce Inlet Florida

Living in Florida, we try to make everyday an awesome day. When we lived in Illinois, it was so dreary with gray skies 9 months out of the year so everyday feels like a vacation day when you live close to the ocean. 

We are lucky enough (and blessed) to have a business that allows us to have flexible schedules so we can take advantage of days like this. As you can see from these pictures the skies are very blue and the waves are semi-calm here in Ponce Inlet

Living in Florida, we try to make everyday an awesome day.

Living in Florida, we try to make everyday an awesome day.

Living in Florida, we try to make everyday an awesome day.

This Florida lifestyle is the reason why Peggy and I use the tagline “Living, Working, and Playing along the World’s Most Famous Beach ….. Daytona Beach.” 

Are you interested in making walks on the beach a part of your lifestyle? We can help you find a condo here in Ponce Inlet on the beach or if a single family home is more your style, we would love to help you out. You can reach us at (386)506-8848. We can set you up to receive listing alerts via email.

Thank you for taking the time to read about our walk along the beach ….

Short Slideshow of our walk along the beach in Ponce Inlet Florida

Music by Dan-O at DanoSongs.com

Ponce Inlet Florida is Located Just South of Daytona Beach

Mike and Peggy Linton
Linton Global Real Estate Group
Managing Partners of Linton Global
Linton Global
Investing in high quality real estate is easy with the Linton Global Real Estate Team. We utilize the Mega Team expansion system that has allowed us to build a central processing hub located in our home base in Florida, while utilizing partner networks under the team brand, Linton Global. Currently we service the cities and suburbs of Orlando Florida, Daytona Beach Florida, and Miami Florida.
Ponce Inlet,Florida
32127
US
Phone: (386)506-8848

Fun Day at Racing’s North Turn in Ponce Inlet, Florida

Fun Day at Racing’s North Turn in Ponce Inlet, Florida

Racing's North Turn: Ponce Inlet, Florida

Racing’s North Turn: Ponce Inlet, Florida

By Mike and Peggy Linton

Not too long ago while taking the day off from selling luxury condos in sunny Ponce Inlet, we decided to head over to Racing’s North Turn for a little bite to eat and then a walk along the beach.

This is a fun little restaurant and bar and it sits right on the beach just south of Daytona Beach. This little stretch of sand has an incredible history. You see, racing history began on this very stretch of beach back around 1936. This is where they used to race automobiles in Daytona Beach and this now famous restaurant sits right where the north turn of the track was. 

Racing’s North Turn has always been one of our favorite places to eat since we lived in the condominiums just south of the restaurant while our home was being built in Port Orange. We used to sit out on the balcony and listen to the live entertainment out on their patio bar.

Fish Sandwich at Racing's North Turn

Fish Sandwich at Racing’s North Turn

One of my favorite sandwiches on the menu is the Monte Cristo, which I almost always order when I visit. Their burgers are also very good. Their menu also has a wide variety of appetizers, seafood snacks, soups, salads, pasta, beef, sandwiches and wraps.

Today, Peggy ordered their fish sandwich and I had one of their cheeseburgers (Cheeseburger in paradise is now playing in my head …. lol)

 

Direct Oceanfront Patio at Racing’s North Turn

Patio at Racing's North Turn in Ponce Inlet Florida

Patio at Racing’s North Turn in Ponce Inlet Florida

One of the things we love about eating here is the patio is direct oceanfront. There is something about listening to the ocean while enjoying your meal.

Being located in central Florida, it gets extremely hot in the summer, but no worries, their patio tables all have umbrellas.


 

 

The Towers of Ponce Inlet Florida Built By Dimucci Development Just South Of Racing’s North Turn

The Towers of Ponce Inlet Florida

The Towers of Ponce Inlet Florida

While enjoying our food, the sound of the waves, and the smell of the salty air, I couldn’t help but enjoy looking at the condominium tower that we used to live in. It is the first building just south of the restaurant (on the second floor). The building was built by DiMucci Development back in the mid 1990’s. We rented it from some of the nicest people from Indiana. One of the things I loved was this complex has 3 oceanfront swimming pools.


 

Mike and Peggy Linton – Living The Florida Lifestyle

Mike and Peggy Linton - Living The Florida Lifestyle

Mike and Peggy Linton – Living The Florida Lifestyle

After our lunch we decided to go for a walk along the beach – one of our favorite things to do! Of course, it is a little windy along the water – but that’s just part of the Florida lifestyle … 

If you are interested in living the Florida Lifestyle, Give us a call at (386)506-8848

 

Fun Day at Racing’s North Turn in Ponce Inlet, Florida

Racing's North Turn in Ponce Inlet Florida
Written by: Michael Linton
Date Published: 10/22/2015
This is a fun little restaurant and bar and it sits right on the beach just south of Daytona Beach.
5 / 5 stars

Why Every Buyer Should Have a Real Estate Lawyer When Purchasing a Home

Why Every Buyer Should Have a Real Estate Lawyer When Purchasing a Home

The following describes the various steps in the purchase process and how a Florida real estate attorney customarily assists the buyer during each step.

Pre-Contract Negotiation

Why Every Buyer Should Have a Real Estate Lawyer When Purchasing a Home

Michael Linton
Linton Global Real Estate

Although engaging the services of a real estate lawyer is not absolutely necessary during the pre-contract negotiation phase of a real estate purchase transaction, it can be helpful for the buyer to speak with attorney if the buyer has any questions regarding the purchase price and any tax related issues that the buyer may be concerned with.

Speaking with an experienced Florida real estate attorney about the buyer’s concerns and questions during the pre-contract negotiation phase will give the buyer the opportunity to address a situation prior to the buyer being bound to a contract to purchase a home and will provide comfort to the buyer regarding certain questions that the buyer may have about the pending home purchase.

Contract of Sale:

A Florida contract of sale contains many different details associated with the purchase of the home and although the real estate agent is normally the person who prepares the contract of sale, the buyer’s attorney is the one who will sit down with the buyer to explain everything the buyer will need to know about what the buyer is signing and what it means for the buyer.

A real estate contract of sale usually includes many important factors such as:

  • what real and personal property are included in the sale
  • the purchase price, the amount of the deposit which is to be paid
  • where same will be held in escrow and what the provisions of the escrow are
  • how many days the buyer has to obtain a loan commitment and what happens in the event that the buyer is unable to obtain a loan commitment
  • what will happen if any damages to the house are present or any major repairs are required
  • the requirement of a clear title in order for closing to occur and what will happen if there is an issue that can not be cleared on the title
  • when the closing date is scheduled to be
  • what happens if the seller is not ready to close and the buyer is
  • the allocation of closing costs and expenses
  • many other important matters to consider.

An experienced Florida real estate attorney will review the title search report and the information contained therein to make sure the status of the title is clear before moving forward with the purchase of the home, and will take all necessary actions in order to clear any title clouds prior to closing.

Survey

Although almost always required by the buyer’s lender when the buyer is financing his or her purchase, even in all cash transactions it is essential that a survey is ordered for the property and carefully reviewed prior to closing.

For Florida Attorney Referrals give us a call at (312)612-1031

Linton Global Real Estate
Using a Real Estate Attorney for your real estate transaction is a wise choice. For Florida Attorney Referrals give us a call at (312)612-1031
2422 Atlantic Ave
Daytona Beach SHores, Florida
32118
US
Phone: (312)612-1031

What Do Condo HOA Fees Usually Include?

What Do Condo HOA Fees Usually Include?

What Do Condo HOA Fees Usually Include?

What Do Condo HOA Fees Usually Include?

A home owner’s association is a group of local residents that work together to plan neighborhood functions, amenity and communal space upkeep, and amend and enforce condo rules in an effort to maintain the values of all condos in the building.

If your building has a pool or workout facility, then your HOA dues will go towards the maintenance of those and any other amenities the building has to offer, as well as the staff required to oversee or assist during working hours.

Master Insurance Policy

It is important to know that most condo owners are responsible for insuring their personal property and maintaining the space inside the condo, but the HOA fee will cover a master insurance policy for the building.

This will include coverage for storm damage, leaking roofs, and liability around the property. Nontraditional Condo HOA Fees With the broad range of condos and buildings available to purchase, you will also run across some HOA fees and situations that are atypical, but worth asking questions about. Condotels – This type of condo is a mix of a hotel and condo, which can commonly be found in popular travel spots along the coast and in big cities.

Special Assessments

The last thing you want to do is buy a condo and find out that a special assessment of several thousand dollars is due. Always do your research and work with a knowledgeable Realtor when making your condo purchase, so that you know exactly what is covered in the specific condo HOA fees for that building.

Are You Looking for a Condo in Daytona Beach? Here is a list of all of the condos.

Linton Global Real Estate
Linton Global Real Estate Team specializes in Florida Properties including the Condo Buildings in Daytona Beach, and the surrounding areas. If you have a question about condo associations, please call us at (312) 612-1031
Daytona Beach Shores, FL
32118
US
Phone: (312) 612-1031

Florida Commercial Real Estate Investment – Basics

Florida Commercial Real Estate Investment – Basics

Get a List of of Top Ten Commercial Investments (312)612-1031

Mirabella Plaza

Mirabella Plaza (312)612-1031

Would You Rather Have 15 Million in Single Family Homes or 15 Million in Commercial Property?

That will be a lot of homes and tenants to take care of.On the other hand $15 million will buy only a very small number of commercial properties that will be comparatively easy to manage with much lesser overheads.Commercial properties include offices, industrial sheds, free standing retail shop, bulk retail, block of shops, medical centers, service stations, motels, hotels, back packers, health clubs, churches, funeral parlors, child care centers, car yards, convenience stores, shopping malls, to name just a few.

The income is also more stable because of the long leases.It is typical to have returns of around 10% net for a commercial real estate investment and any where from 7% to 9% net return for a prime property.

The value is also determined by the quality of the tenant and length of the lease.The value of a commercial property can drop substantially if it becomes vacant.

It is common to charge penalty interest on the out standing rent or lock the premises on continued default of rent.By far the biggest risk in commercial real estate investment is finding a new tenant in case of a vacancy.

In commercial real estate the requirement of each tenant in terms of size, location, use and rent payment capacity is so different that it is very difficult to get the right tenant for the right property. For the reasons mentioned above it is also difficult to sell a commercial property investment.
Michael Linton
Linton Global Real Estate Team
Chief Investment Officer
Get the Top 10 Commercial Investment Properties in the State of Florida
2422 S. Atlantic Real Estate
Daytona Beach Shores,FL
32118
US
Phone: (312)612-1031

 

How To Build A Cash Flow Model For Your Real Estate Investment Property

How To Build A Cash Flow Model For Your Real Estate Investment Property

Need Help With Your Model? Call (312)612-1031

How To Build A Cash Flow Model For Your Real Estate Investment Property

Financial Model For Real Estate Investment

Financial Model For Real Estate Investment

Here is an overview of the factors you need to take a look at in order to project your potential return on an investment.

Even if you expect to manage the property yourself, it’s best to budget in an allowance for professional property management.

Second, it ensures that you are covered if for some unanticipated reason you need to turn the management over to a pro at some point in the future.

For example, if you can earn 5% by keeping your money in the bank, you’re going to want a lot more than 5% for taking on the risk and time investments required by a rental property!

To determine this, you’ll need to estimate the building’s assessed value as a percent of the total purchase price.

Bank fees – how many points do you expect to pay, and what closing fees do you expect to incur if you will putting a mortgage on the property?

Now that you’ve got all the numbers laid out in front of you, you ‘just’ need to build a financial model which will allow you to project cash flow throughout your ownership term, and then use time value of money calculations to create a present value of those flows.

If the result is negative, it’s a red flag– you need to take another look, because this may not be a good deal for you.

Call Us To Help You Build A Cash Flow Model For Your Property – (312)612-1031

 

Michael Linton
Linton Global Real Estate Investments
Real Estate Professional
South Atlantic Real Estate Group
Florida Real Estate Financial Modeling Expert with over 30 Years Experience
2422 South Atlantic Real Estate Group
Daytona Beach Shores,Florida
32118
US
Phone: (386)312-1031

Mezzanine Financing – What Is a Mezzanine Loan?

 

Mezzanine Financing – What Is a Mezzanine Loan?

Here is the text book definition:

Mezzanine Loan and Commercial Real Estate

Mezzanine Loan and Commercial Real Estate

Mezzanine financing is similar to a second mortgage; the main difference is that mezzanine loans are secured by a fraction of ownership of the project, as opposed to the real estate.

They are similar to second mortgages, but make it far easier for the owner to maintain ownership of the property without actually losing holistic ownership of it to the lender in the case of default.

Since the property that was financed produces income, it is incredibly simple to use a portion of this cash flow to repay the mezzanine lender.

You Can Read More About Mezzanine Financing Here

A mezzanine loan is not a real estate loan. Instead, a mezzanine loan is loan that is secured by the membership interests (think of this as shares) of an LLC (think of this as a corporation) that owns a huge real estate project. If you own all of a company and the company owns all of the property, then you own all of the property. Let’s discuss below how a “mezz piece” forecloses. Mezzanine Foreclosure: A “UCC” (Uniform Commercial Code) process – Michael Linton – Chief Investment Officer

REALTORS oppose use of G Fees to Pay for Highway Bill

 

Stop the Housing Tax for Transportation

On Thursday, October 22, 2015, the House of Representatives Transportation and Infrastructure Committee will begin consideration on the surface transportation reauthorization legislation. One proposal would use Fannie Mae and Freddie Mac’s credit risk guarantee fees (g-fees) to fund transportation programs.

Take action now to prevent Congress from placing an unnecessary long-term burden on American homeowners with a new Transportation Tax. NAR strongly believes that a new tax on homeowners would also prevent Fannie Mae and Freddie Mac from effectively managing their risk. Tell Congress to STOP the Housing Tax for Transportation!

REALTORS oppose use of G Fees to Pay for Highway Bill

As a REALTOR and your constituent, I ask you to oppose any attempt by the House Transportation and Infrastructure Committee to use Fannie Mae and Freddie Mac’s credit risk guarantee fees (g-fees) to fund the surface transportation reauthorization legislation scheduled to be marked-up on Thursday, October 22, 2015.

G-fees are a critical risk management tool used by Fannie Mae and Freddie Mac to protect against losses from faulty loans, and should be used only to manage the companies’ credit risks. I am opposed to the use of g-fees for purposes other than risk management.

Additionally, implementing an extension of the g-fee increase that is unrelated to housing needs could also act to hinder the necessary reforms required of the housing finance system for the foreseeable future.

I understand the need to reauthorize the highway programs and help strengthen our country’s infrastructure. However, I also strongly believe that use of an extended g-fee to fund transportation programs saddles future homeowners with an unnecessary long-term burden, and prevent Fannie Mae and Freddie Mac from effectively managing their risk.

Please oppose the use of Fannie Mae and Freddie Mac’s credit risk guarantee fees (g-fees) to fund transportation programs.

What is FHA Mortgage Loan?

What is FHA Mortgage Loan?

Need A Lender? We Can Recommend Many Great Lenders (386)506-8848

Mortgage Loan Application A FHA Mortgage Loan is usually taken by the borrowers who do not meet the requirements for the conventional loan. Mortgage lenders are generally the ones to help you, homebuyers, to apply for FHA loans.

A Fixed rate FHA mortgage loan is the most suitable option for first time homebuyers as it provides up to 97 percent financing on purchase price. Insurance on FHA mortgage loans is also lower than conventional mortgage insurance to make it affordable for lower income groups.

The Truth About FHA Mortgage Loans if you fall into the category of a first time home buyer, an FHA mortgage loan is probably the best type of loan to seek after.

What is FHA Mortgage Loan?

Need A Lender? We Can Recommend Many Great Lenders (386)506-8848

Daytona Beach Florida Homes

Daytona Beach Florida Homes

Call Mike and Peggy Linton for Daytona Beach Florida Homes (386)506-8848

Daytona Beach Florida Homes

Daytona Beach Florida Homes

Whether you are looking for an affordable condo or a luxury villa, Daytona Beach has it. A number of very reasons make Daytona Beach a very attractive option for people looking for a new home.

The wide range of fun activities and destinations in and around the area ensure endless hours of family bonding including golf, deep sea fishing, parasailing, park and recreations sites, and museums.

With a Daytona Beach home, you have definitely arrived.For adults looking for a place to retire, Daytona Beach is a perfect spot, with its numerous entertainment and dining destination such as first class restaurants, boutiques, nightclubs, art galleries among others.

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