The new year is upon us and there are opportunities ahead. Investing in real estate has become not just for the rich, but for everyone. Of course you have to buy the right real estate, at the right price, with a purpose. Here in Ocala Florida the property values are at 2001 prices, with virtually no new construction for the past 2+ years.
You can pick up homes that need work for as little as $30-$40 sq.ft. Homes that need aplliances, carpet, paint and minor rempairs in the $50 sq.ft range. The level of foreclosure inventory is strong and constant.
This is such an amazing cycle of opportunity. I try to point this out to everyone I meet. Example:
On New Years Eve I showed a home to a young man in his early 20's. He was moving back to Ocala, had a solid career and he wanted a home that had been updated or newer. His plans were to get a 15 year mortgage, pay it off and sell it in the future. I mentioned to him that it would make a great starting point for his real estate portfolio and what a terrific way to start down the road to long term wealth.
His response,"I guess I never thought of that"
Right now is a great time to touch your sphere and get them thinking. Buying a home or land in Florida has always been appealing.Have you seen the weather channel lately? Locals may have friends and family who might benefit on investing in a warm weather area like Florida, Arizona etc.
Do you know anyone who has a relative or friend North of the Florida border?
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