04 Mar Florida Markets
One question to ask when looking to acquire a property is whether or not it is marketable. Can you make money from it? Will it sell quickly? Is the demand high enough for you as an investor to see continual success in this area? If you’re able to find a market that fits all three of these categories, and one in which the initial price of the property is affordable, then it’s safe to say you’ve likely found yourself a winner. Florida is a great example of a winning market.
Similar to many of the other markets across the continental US, Florida was heavily hit in 2007 when the recession set in. Now, as various markets in the state are rising up from the level to which the fell, many prices are in an affordable as well as reasonable range for the investor to capitalize on. Not only are that, but Florida is a key destination for many vacation goers, as well as those individuals looking to purchase a second home. You have the beach, a consistent and pleasant climate, and access to a variety of other getaways. Picking up property in Florida as an investment piece in your portfolio could likely result in a positive return and the generation of regular cash flow for you as the investor.