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Easy, Easy, Easy Money...Or Buying For Pennies and Selling For Big Bucks

By
Real Estate Broker/Owner with Daytona Condo Realty, 386-405-4408

- I am interested in foreclosure auctions.

hear this phrase so often. People come from different states and Canada, and that's what many are looking for... Easy Money

- Why foreclosure auctions?

- Because you can buy a great property for pennies.

-And what are you going to do with the property you buy?

- Sell for big bucks.

Hmm, and why is that local investors are so stupid or lazy, or both, that they wouldn't be buying for pennies and selling for big bucks?

Hmm, and why those, who would buy it later for big bucks, wouldn't buy for pennies at the auction themselves?

Easy MoneyHmm, and why is that we, real estate agents, who are supposed to know the values, wouldn't buy for pennies and sell  for big bucks?

I know that people come to Florida for its weather...

I know that people are coming to Florida for the Ocean o(r the Gulf)

I know that people are coming for our gorgeous beaches...

But coming for the easy money?

The money ain't growing on trees in Florida...

If you are serious about investing in real estate, call me at 386-405-4408.

 Photos by johninbkk and Images_of_Money via Flickr.com Creative Commons

I Pike
Ormond Beach, FL

Jon, this is very funny. I am not in real estate, so I can't attest to it, but I believe it. 

Nov 23, 2011 12:03 PM
Michael Thornton
RadnorLake Video - Nashville, TN
Nashville Area - Photography & Videography

Good evening, Jon. I can remember when the gold rush started in FL in the early 70's. Boy have things really turned 180º...

Nov 23, 2011 12:21 PM
Jill Sackler
Charles Rutenberg Realty Inc. 516-575-7500 - Long Beach, NY
LI South Shore Real Estate - Broker Associate

Those are a list of great questions, Jon. If it were so easy, why would we not be the first ones on line? Happy Thanksgiving to you and your family.

Nov 23, 2011 12:50 PM
Al Raymondi
Ocean View Realty Group in Ormond By The Sea Florida - Ormond Beach, FL
Ormond By The Sea Florida - Home and Condo Sales

Nice post Jon, the answer to all your questions is greed and with a capital G.  People are blinded by greed and cannot think rationally, all they see is the big bucks.

Nov 23, 2011 02:39 PM
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Inga - you can believe it, it is true (LOL)

Nov 24, 2011 03:46 AM
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Michael - I heard it was bustling here in the 70s. Daytona is notorious for successfuly losing what they have, and only after that figuring that they have even lost something.

Nov 24, 2011 03:50 AM
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Jill - I am stunned by the notion that there are places, where there are easy money. Very easy money. It is like a popular day dream for so many people

Nov 24, 2011 03:52 AM
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Al - it seems that it is more lightheadedness than even greed. The same people are smart enough that they can't do it in New York, can't do it in Boston, but somehow they think that Florida is the place to go for easy money

Nov 24, 2011 03:54 AM
Vadim Zolotarevskiy
FunCoast Realty & Management, LLC - Daytona Beach Shores, FL

Jon, so what are you saying? that money do not grow on trees in Florida. What a disappointment - lol

Nov 24, 2011 04:05 AM
Charles Stallions
Charles Stallions Real Estate Services - Pensacola, FL
850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.

Just wanted to stop and wish you a Happy post Thanksgiving and Merry Christmas, then I saw the title of this post and said Um. I wonder why Realtors are so quick to talk about good buys but they don't buy.

Nov 24, 2011 11:57 PM