August statistics show active listing inventory is up, pending and closed sales as well as average and median prices in the Pensacola area area all down, but I am not discouraged. My company has a large property management division and we have had a record summer leasing homes. I for one bought three homes this summer, and will continue to buy if the deals keep coming. We have a constant need for apartments and homes for long term tenants in our area. With the historically low interest rates and the low prices we are seeing now it is possible to purchase investments that will provide long term income with a great rate of return for years to come. If you are not into actively managing your own properties let us do it for you, we have a proven track record for finding the deals, helping to get repairs done to make the property rent ready, finding quality tenants,keeping track of your income and expenses for you and taking care of all the daily management details.
I have owned and managed my own properties for over 30 years, and Realty Masters has been managing properties in the area since 1998, so if you have any questions about this aspect of the business I consider myself to be an expert in this area. Cash sales, mortgage financing,1031 Exchanges, and Self directed IRA's, are all ways I have helped my clients purchase investment real estate in 2010. Visit my website at http://pensacolarealtymasters.com for more info about property investments and management services, and if you are considering using retirement funds to fund your purchase I recommend http://www.theentrustgroup.com, they are Nationwide and offer education about self directed IRA's as well as self directed IRA services for real estate purchases. Happy Investing!