Real Estate Invsting in Central Florida

April 6, 2010 by · 1 Comment 

With its gorgeous year-round weather, world-famous theme park attractions, an eclectic array of restaurants and clothing boutiques, nearby beaches, and sizzling nightlife, Central Florida is one the nation's most prized residential gems. When you add award-winning grade schools and universities, booming high-tech industries, and no state income tax to the equation, investing in the Central Florida real estate seems like a no brainer.

Properties for sale in the area include single family homes, apartments, condominiums, townhomes, multiple family dwellings, and much more. Currently, the real estate market favors the buyer's pocketbook. As a result, investors with long-term goals couldn’t ask for more favorable market conditions.

If you're considering investing in Central Florida real estate, consider the following:

•    Location: Look for homes that are in low-crime communities, near a variety of award-winning schools, charming parks, restaurants, shops, and major arteries. There is no shortage of these amenities in Central Florida.
•    State of Disrepair: Investors often seek properties that need minor repairs. It is easier to add "quick value" to a home that needs some work. Unless the home has serious structural flaws, the value added to a “repaired” home will significantly outweigh the cost of the repairs.
•    To Rent or Not to Rent, That is the Question: Once the property has been purchased and any necessary repairs have been made, the homeowner can either flip the home for a quick profit, wait until the property value increases with market inflation, or begin renting the property to one or more people. By renting out the home, the owner will be making money off of their investment almost immediately. In the long run, even though it is a more elaborate ordeal, renting the property before the final sale will usually put more money in the pocket of the homeowner. Furthermore, the first couple of rent checks will typically pay off the cost of any repairs.
•    Find an Agent that Understands Your Needs: Purchasing different kinds of real estate requires equally different areas of expertise. For instance, successfully purchasing a foreclosed home requires a completely different body of knowledge than buying a property that is “for sale by owner”. Find a real estate agent that understands your needs and desires.
•    Examine Your Credit Report: Correct any defaults and/or outdated information on your credit report.
•    Compare: Look, look, and look again. Make sure that the property you’ve got your eyes on is really a good deal. This is easily accomplished when you compare it to a wide variety of similar properties.
•    Inspect: Have the home inspected for major structural flaws. If the seller will not allow a home inspection, then perhaps you should look elsewhere.

There are plenty of properties for sale in the Central Florida area. Examine the tips mentioned above, and get ready for an exciting and fruitful investment!

About Mike

Mid Florida Investment Properties, LLC owner Mike Calvert has been buying and selling real estate in Central Florida for over 18 years. Get a seasoned investor as your partner for a fraction of the profit. We handle the transaction from start to finish!

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