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Investing in Houses in Florida
| Investing in Houses in Florida |
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Our family of companies have 25+ years of combined experience in residential real estate management, finance, rehab management and acquiring value add multi family assets in various states.
We focus is value add private homes and complexes ranging in size from 20-100 units throughout south and central Florida including Miami, Orlando, Tampa and beyond. It is no secret that Florida has experienced one of the most dramatic price corrections in the housing market. With such a drop in values, foreclosures became immanent and unfortunately one person’s trash is another person’s treasure and so are the banks and other investment institutions. We have been watching South and Central Florida carefully and buying with CASH as low as %20 of market value as we think that area has the most amenities aside from Orlando, Tampa and Miami and lowest entry level home prices. With home sales spiking and prices stagnating, we have been looking for a while the right time to buy and to offer these investment properties to you. Today is the day.Our South and Central Florida consists of Ft. Myers, Tampa, Orlando, Miami, Fort Lauderdale, Lehigh Acres, Cape Coral, Bonita Springs, and Naples. We own private homes and duplexes that are rented and already bringing in positive cash flow better than any other investment out there. Instead of elaborating, I’ll show you the numbers that I used for my investment property in Florida. We have beautiful duplexes built from 2004 to 2008 for under $80,000 where the original purchase price on these was just under or just over $300,000, over a 60% discount. CLICK HERE for our cash flow analysis purchased using 70% Loan To Value and Cash Purchases. Most of our inventory of duplexes are UNDER $75,000. Our most recent contract was for $58,000.Get in touch with us today for an inventory and price list, additional pictures, etc. We have a property management company who is highly regarded in the area. With a management portfolio of over 300 homes, they have a low 2% vacancy rate.
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Florida Income Properties is a full service organization dedicated solely to the multi family industry. This specialized focus insures clients of a high level of proficiency and increases their chances of success.