klmrebroker
New Member
Cash: $ 0.05
Posts: 6
Joined: 12 Mar 2005
Location: Orlando
|
| Real Estate Investing |
 |
|
Knowing where and when to invest in Real estate is the key to success. Some markets are so hot they have jumped up 24% in just 1yr. Like Orlando, Florida. Here home prices jumped up in January to 260,000 as a medium price from 200,000 just before the end of the year. It's so hot right it's hard to even buy one because there are 9 offers on the same house. This is due to the supply not meeting the extraordinary demand.
Ken McCormick
Realty International Group
klmrebroker@cfl.rr.com
Florida Real Estate
www.realtyinternationalgroup.com
|
Sun Mar 13, 2005 12:21 am |
|
|
yoander
Member
Cash: $ 3.67
Posts: 23
Joined: 23 Jan 2005
Location: phoenix
|
| For how long? |
|
|
I agree with you Ken, the Florida Market is just as hot as the California and Phoenix Market and the question that often causes hesitation for me is how long?
We know it is unrealistic to expect this returns in the years ahead. One would not want to buy expecting this type of return to have the market cool.
Real estate is best maximize when treated as a long term investment and knowing how long will a hot trend like the one we are currently going through is going to last is worth addressing. I notice you address the Where question but nothing as far as When to invest. 
[/quote]
Convert your gov't debt into real Money.
http://www.libertydollar.org/default.asp?REFERER=NRC20245
|
|
Fri Mar 25, 2005 12:29 pm |
|
|
Rolo
Yo' Daddy
Cash: $ 309.70
Posts: 1551
Joined: 13 Mar 2005
Location: Colorado/Florida
|
Yes, I am waiting for some bubble-bursting action before buying anything. (not that there aren't opportunities, but 'risk management' comes to mind.)
I don't suppose, Ken, that you deal in the panhandle area?
|
|
Fri Mar 25, 2005 8:55 pm |
|
|
MORTGAGEman
First Time Poster
Cash: $ 0.20
Posts: 1
Joined: 28 Mar 2005
|
I'm living in Florida and do financing all over the nation. Investing in Florida is exploding. It's hard to get your hands on a "good deal" out there.
I just recently purchased a condo. It just so happened to be a condo conversion that I was working on. I bought a 2 bedroom 2 bath for $150,000. They're now selling for $270,000. I'm currently doing financing on a new condo conversion. The builder decided to sell them in "phases"... Each phase increases by $15,000, and there's 6 phases...
Talk about appreciation!
Brock Gratton @ Wells Fargo Home Mortgage.
Free pre-approvals!!! Contact me at:
www.wfhm.com/brock-gratton
|
|
Mon Mar 28, 2005 4:47 pm |
|
|
Rolo
Yo' Daddy
Cash: $ 309.70
Posts: 1551
Joined: 13 Mar 2005
Location: Colorado/Florida
|
No kidding. dot-house? hehe
The rental I own in FL was my former residence, so I never actually applied for a mortgage strictly for investment purposes. How are the requirements/parameters for investment properly different than those in applying for a home loan?
"Expect me when you see me."
|
|
Tue Mar 29, 2005 12:50 am |
|
|
bigp
Member
Cash: $ 4.60
Posts: 22
Joined: 19 May 2005
|
Dot House is right. At the same time, Florida is slated to pass NY in terms of population in the next 10 years. There is certainly a bubble, but with the population booming and land only limited in availablity, it seems like Florida will stay at or near the top of the Hot Markets Charts for a while.
BiggerPockets.com
Real Estate Social Network | Real Estate Forums | Real Estate Blog
|
|
Thu May 19, 2005 6:44 am |
|
|
|
