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I’m an investor/agent in Florida and the prices today are unbelievable.
First of all, it’s a buyer’s market. But you already knew that, so what’s stopping you? If you’re yearning to buy your first investment home, get past the media hype and the fear and into action.
Hey Gang
I’m with petejac1 on this one
Lets be real folks, according to this article, they except Florida to COLLAPSE another 11%-13%. That’s not a COLLAPSE, that’s more like a SHIFT OR BEND…Mannn….the media sure knows how to over play and exaggerate things.
Look…lets do some Math, hypothetically speaking.
If you buy a Duplex for 80,000 in Fort Lauderdale today, they anticipate a further decline of 13%, that $10,400, so in other words, they want you to want 6 months for a POSSIBLE 10k savings. Now, if you really believe that its worth it, what could you lose waiting for the so called savings that not even guaranteed, just speculation.
You buy you property today, rent each side of your Duplex for $900.00 per month, you gross $1,800 per month * 6 months = $10,800.. Look folks, a wash…..and so not worth the wait…BUY NOW!!!!
I’m an investor/agent ground in S. Florida, myself and my clients are making huge returns and you should too..
Hi there Folks,
My name is Michelle
I’m an investor in sunny South Florida (Miami)
I’m involved in creative real estate sales to investors
I look forward to sharing with you guys.
Funny Stuff!!
I’m in the beautiful South Florida
MIAMI
Hi Steve,
Michelle here,
I’m finding your posts very interesting and on right target.
As a Miami resident, quite honestly, I haven’t been keeping up on real estate outside of the US. However, I have been watching the market here in Florida like a hawk for the last few years as I specialize in investment property sales as a wholesaler in Miami. Ive found that Investors have accounted for almost half of the real estate transactions for the past year or so. Foreign buyers have recently been gobbling up Multi-family properties and Condos by the beach like crazy. This is due to there high rental returns rates in our heavy populated, tourist infected Miami. Some banks have even placed restrictions on investors when buying foreclosures to attempt to level the playing field. Most First time home buyers never stood a chance at the good deals due to investors snatching up everything as soon as it hit the market. It’s gotten so bad that Fannie Mae, now makes cash buyers wait 15 days days after a home is listed to allow owner occupants first dibbs. They call it the “Anti – Investor Rule” lol
Thanks for shedding light on what’s happening in other countries Steve. I can now understand why so many foreign investors are coming out the woodwork. But who could blame one, when most properties can be brought with little to no risk. First – time home buyers can buy a remodeled home for less than the average rental rate in the same neighborhood. “Who what have thought” And since we are such a highly populated area, renters are never seem to be a problem. Its truly a perfect storm.
I know you will attain your investment goals nicely as your deciding to jumping in at a great time.
P.S: Please ignore the grammar errors as its 5 am and I writing with my eyes half way shut
~Cheers~
Wow!! This is so true!!! lol
I’m an RE investor and I also sell investment property to others. So I can honestly say that I understand both sides of this tale.
As a buyer, I don’t get taken seriously ofter when attempting to buy property in this testosterone driven business of real estate filled with predominantly men. One tends to ignore the fact that this is no longer the age where the man will go kill the pig and the woman will always stay home and cook the meals, takes care of the kids, and clean the house.
Or they ask ” Do you need to talk with your husband” assuming that he is writing the checks and that I’m simply “shopping” as women are usually do.
Women that are the prime decision makers exist, but we must admit, that they are far and between.
On the other hand, When working with my investor buyers, I find myself falling victim to the same law that I oppose. This is not because I’m being sexiest. Its because this is the trend and there are not a lot of women like you and myself that are the prime decision makers. So in a room full of buyers an agent can easily go for the whom fits the “Profile” of the “Deep pocket buyer” and then work there way down. Its like working at Victoria Secret and a man and a woman come in. Its your natural and common impulse to ask the woman if she can be helped.
Thats my 2 cents
