|
Florida Investment Properties
When buying an investment property in Florida there are several factors that need to be considered. All too often major pitfalls are glossed over with superficial advice or superlatives which lead to confusion for British, American and Overseas investors. There are property investment specialists and indeed Estate Agents who fail to mention the exclusive developments they are recommending, which pay higher rates of commission which clearly could affect the impartiality of the advice being offered.
A property investment on a development monopolised by other investors should ring alarm bells. For instance, investing in a development in Orlando Florida that is filled with fellow Brits owning properties on 80% mortgages and requiring 40 weeks of rental income is not the ideal position to be in. Indeed there are concerns about such developments in Orlando regarding a bubble market.
Similarly buying a Condo in certain areas of Miami Florida where primarily ownership is with many other Florida property investors raises the question about what happens if they all flip their properties at once?
When considering buying Florida investment property, location is a critical factor. This website examines the alternative strategies to buying an investment property in Florida. Although certain Florida investment properties can be purchased for minimal down payments, therefore providing maximum leverage, it is critical to not lose focus of the key factor i.e. the investment growth achieved. Locations in Sarasota, Venice, Naples, Miami and Orlando vary enormously in their performance over the past few years. Growth also varies greatly between waterfront, golfing, park orientated properties.
To find out more about the do's and don'ts of Florida investment properties, contact Andrew Bartlett, Certified International Property Specialist and Independent Florida Property Advisor.
|