Why Invest in Real Estate in Florida?

With a large number of second homes and condos, South Florida is prone to boom and bust cycles that stem more from investment hopes than housing needs. Add an expanding Latino population and waves of baby-boomers – two million retiring every year – and you get both risks and opportunities. Demand for Florida housing is always growing, but is it growing slower or faster than the supply?

The economy of Miami itself is diversified – with an important finance sector – but as you go up the coast more jobs are in retail and services. Healthcare is the largest creator of jobs in all three counties, and growing rapidly.

Orlando

Investing in Central Florida Real Estate can be very rewarding.  After the collapse in 2007, Orlando was one of the hardest hit areas in the Country and foreclosures were everywhere.  Over the past year prices are on a steady increase in the Disney area and new developments are everywhere.  There are great opportunities here from new pre-construction pricing to foreclosures that are fading fast, you will be sure to find a fantastic deal with appreciation almost immediately.  Each paragraph below runs chronologically so you can take the right steps in learning more why and how to invest near DisneyWorld.

Goals – Investing in another area other than what you are accustomed to… Read More.

South Florida

With a large number of second homes and condos, South Florida is prone to boom and bust cycles that stem more from investment hopes than housing needs. Add an expanding Latino population and waves of baby-boomers – two million retiring every year – and you get both risks and opportunities. Demand for Florida housing is always growing, but is it growing slower or faster than the supply?

The percentage of second homes increases as you head north from Miami, to 20 percent in Palm Beach County. This large pool of empty properties is the swing vote in home prices. It can swamp supply during a downturn but… Read More.

Jacksonville

Miami, New York, and Los Angeles may be great for a night out, but they lack a certain something as real estate investment towns – profitability.

Boring is beautiful in real estate, and Jacksonville is everything the flashy cities aren’t. It’s well-priced, full of jobs, and it’s a highly attractive lifestyle city.

There is no other major city where hard-working families can live along the warm subtropical waters of the Atlantic for under $100,000. For real estate investors there is no better place, as Jacksonville has an abundance of properties that produce nation-leading cash-flow.

However, it takes more than just low price to make a great investment market. The city must be strong in all 5 key market drivers:

1. Affordability
2. Economic Growth
3. Population Growth
4. Desirability
5. Supply and Demand

… Read More

Miami

When people talk about Miami, what usually comes to mind is South Beach with its great year-round weather, gorgeous beaches, pulsing nightlife, top restaurants, Lincoln Road, and Ocean Drive. However, with the recent development north of South Beach and the addition of 23,000 condos in Downtown Miami over the last 8 years, Miami is becoming more and more gentrified, making it an increasingly fitting place to have either a permanent residence or a second or third home. The brightest spot in the Miami market, however, is Downtown Miami, which is finally becoming a vibrant city in and of itself.

MIAMI BEACH HAS UNDERGONE A RENEWAL
Miami Beach has been one of the nation’s pre-eminent waterfront resorts for nearly a century and has long been a second-home choice for the rich and famous, first with its waterfront mansions and more recently with its luxury condos… Read More.

St. Petersburg

St. Petersburg is one of the top real estate investment markets in the country, as the second largest city in the Tampa Bay metro area with a population of 254,000. Not only does St. Petersburg have a variety of potential real estate investment projects, neighboring communities such as Tampa and Clearwater add to the overall appeal of this coastal community.

So, here is a closer look at the top reasons for St. Petersburg’s hot real estate investing market.

Low Real Estate Prices and Rising Home Values
Currently, the median home price in St. Petersburg is at $149,300, which gives it a great deal of potential for investors when compared to the national median of $188,900 and the Florida state median of… Read More.

Tallahassee

Popular TV shows like “Flip This House” and “Income Property” often paint a rosy picture of the real estate investment process and what a lucrative income stream it can represent. However, Steve Wright, broker/owner of Investor’s Realty, says of investment properties: “If it were easy, everyone would be doing it.”

Real estate investment properties are those that are not purchased as a primary — or even secondary — residence for the investor. Rather, they offer an opportunity to create an additional form of revenue. Real estate investors make the initial financial investment in a property, and then offer up additional time, effort and money on… Read More.