You can look at this market in many ways. A trend that is gaining momentum is the utilization of 203(k) rehab loans. With the increase in homes that are in need of repair that are on the market why not cater to this demographic? First, there are many different hurdles that need to be overcome in deals of this matter. The extra hard work does help in many ways. Secondly, because of this these transactions are time consuming. Usually these types of deals take 45-60 days to close. By rejuvenating certain areas in the Florida market these types of loan situations will only help increase the value in the market overall. Also, building relationships with people who may not have had the opportunity otherwise with out these types of deals may lead you to further business from them or from thier word of mouth. Some may disagree with my idea of helping this niche in the market in terms of time invested and monies made, but presonally I see it as the only way to help fulfill a need to strengthen our weaker housing market overall. Plus, diamonds in the rough are still diamonds aren't they?
Anthony Sambrato Jr
McBride, Kelly, and Associates
(813)-417-7486 - Cell
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