Why Should You Select Florida Investment Properties?

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<h1>Why Should You Select Florida Investment Properties?</h1><strong> Author: <a href='http://www.articleseen.com/profile_Michael Thomson.aspx'>Michael Thomson</a></strong><br /><p>A cut price condo in Florida may not be a bad investment but certainly not the best. Many have been advertised for less than $50,000; but for a small amount more you can acquire a detached single family home which is a far more attractive rental proposition, and as they have no community (condo) fees provide a greater yield. No finance is currently available on Florida condos, so to exit your investment with a of ‘sell to tenant’ strategy doesn’t exist in the current market conditions. Alternatively single family homes qualify for government sponsored mortgages (FHA) with only 4% deposit. A genuine exit strategy should you so wish. The oversupply in the condo market is also greater than the home market. Another issue with Condos is that whilst people are defaulting on their mortgage payments they don’t make payments to the association, leaving you and the other owners to foot the bill in the meantime, again hitting your yield. The banks are only liable for 12 months of the debt, and don’t execute the foreclosure until there is a buyer to avoid making contributions to the association. On the discussion of location, Orlando clearly has a certain cache and is the world’s largest tourist attraction and many of them being interested in Florida investment properties, but has seen the largest amount of oversupply and will take longer for the market to readjust itself. Where we are in South West Florida we have a growing population, a booming medical business and falling unemployment. The house prices, although small gains, are on the rise. Another important data to take into account is the fact that our homes are no more than 60% of replacement value. New build costs $82 per square foot, we sell homes for less than $50, with the Obama regime desperate to restart the construction and housing economy prospects for capital are high, I predict 50% capital growth in our homes in 5-7 year period. There could be a recovery before but I believe this to be the ideal time frame to max your investment. People who are interested in property investment should select the suitable market carefully for the best returns on their investment. Looking at the present scenario, an investment in Florida investment properties would be the best choice for any property investor. Florida property agents offer many cheap condominiums (condominium is USA terminology for what many call a flat or an apartment). But, you need to choose the best property agent selling properties at a best price with an income guarantee.</p><strong>About the Author:</strong><br />Michael Thomson is an author who writes interesting articles on property investment, <a rel="nofollow" href="http://www.myfloridaportfolio.com/">Florida investment properties</a>, and topics related to real estate. For more information on <a rel="nofollow" href="http://www.myfloridaportfolio.com/">property investment</a> and Florida investment properties, you can also visit www.myfloridaportfolio.com.<p> Article Source: <a href='http://www.articleseen.com/Article_Why-Should-You-Select-Florida-Investment-Properties_38002.aspx'> http://www.articleseen.com/Article_Why Should You Select Florida Investment Properties?_38002.aspx</a></p>

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Keywords : Florida investment properties, property investment, USA bank repossessions,

Category : Finance : Real Estate