The Florida real estate market is hot!!! The in-migration of Non U.S. citizens, baby boomers and investment money will keep prices here up in the future. If you have any interest in Condo's, Homes, Investment properties or questions sign on. Whether it be new construction or a resale. I'm talking Southeast Florida. That's Dade, Broward and Palm Beach counties. I formally worked on the floor of the Amex and PHLX for 30 years. I am a former Prop trader. Now I just read this site to keep up with what traders are saying. I would be happy to answer any questions that you may have. Or HELP you with your real estate needs. You can put questions on this thread or PM me... Thanx and Have a Sunshine Day !!! Moffitt
I happen to be looking for a Partner for a LuxuryGulfFrontCondo I am an investor too... ...and I am for REAL I have about 40 single family houses that I LeaseToOwn (all are leased) and I AM NOT LOOKING TO LEASE THEM, but I am looking for a Partner to buy a LuxuryGulfFrontCondo in IndianShores, Florida.... This is a BEAUTIFUL 1690 SF unit...(condo/townhouse)..the asking price is $575,000.00 and has 3 BEDROOMS, 3 BATHS. VERY PRIVATE UNIT, FIREPLACE, 2 BALCONIES, ONE WITH HOT TUB OFF 2ND MASTER SUITE. 12 UNIT BUILDING DIRECT GULF OF MEXICO BEACH. HEATED POOL & SPA. VERY RARELY AVAILBALE IN THIS DESIRED COMPLEX. DOUBLE MASTER SUITE WITH COMPLETELY FINISHED LOFT. 2 PARKING SPACES, ONE UNDER BUILDING AND ONE OPEN. A MUST SEE!!!! This unit will be available for rent on a weekly term/ year round and available to the owners when vacant.... Rent is $1000.00-1600.00 per week depending on the season... PITI and Maintenance Fee is approximately $4500.00 PerMonth You will need about $2250.00 PerMonth, in disposable income, for about 1-2 years or until we have a break even or a positive cash flow. My guess is about 1 year because we will have two domain sites for this unit and a PropertyManager: http://www.islandtime.com/imperial/im-prmgt.htm You will also need a CreditScore of about 750 ....I have about a 775 score and my wife has about an 800+ score. In the last 3 years GulfFrontProperty, in this area, has appreciated between 100 and 300%. This is a FACT! .....for GulfFront condos, townhouses or single family houses....if you don't believe me? ....Please do some DueDiligence. If YOU are interested in this VeryBeautifulGulfFrontHome... ...Please contact me ThankYou, Rocky
Rocky Thanx for the posting. I am a Lic. Realtor Associate for a major RE company. I will take your posting into my office and display it to all. As I stated before I am in Southeast Fl. All other areas I can refer out thru my company. We are worldwide!! Thanx Moffitt
Rocky Showed your posting to people in my office. Do you have any interest in Boca, Ft Lauderdale, Hollywood or Aventura ?? The condo and home market here is doing really well..There is alot of interest coming to Florida. This market will continue to increase.
Agree with Moffitt. I got a Delray Beach (next to Boca) Condo on the ICW and it has gone up a lot in value in the 2 years I've owned it. DS
I get the Sun Sentinal sent to me once in a while because I'm actively looking to make a move to that area. Prices are escalating and the bargains keep getting farther away. Broward and Palm Beach are up there. Gotta go to St. Lucie and Martin counties for any real steals.
Dougcs, The increase in Delray Beach over the past 4 years has been dramatic. It is a very nice community that has grown big time. The future for value could be St Lucie. That is if the plans for the area workout. The area is certainly being pushed. But the population exposure is still in the Dade and Broward county area. From Boca Raton south to Miami. Hollywood and Hallandale are hot and getting "younger"..Aventura is upscale. Contact me for any questions that you want answered.
Oh BTW for all you traders out there. Think about having Uncle Sam pay for your condo. We have no State tax here!! The money you save in taxes could go towards you mortgage.
The slick thing to do is buy in Broward to live and buy some stuff to rent in St. Lucie and Martin for long term appreciation. I do seem to see more bargains in Palm Beach county, though. Lake Worth and other property further away from the beaches.
Max401 For rental properties nothing beats being near the water. The demand is always there. The added plus is that their prices will continue to rise. The "smart money" is buying up the beachfront. They buy tear down the old buildings and rebuild with new condo's. So the pre constuction buyers have been doing real well. If you can sit on value investing. Then Lake Worth or Wellington or St Lucie will do for the Future.