Quote:
Originally Posted by awahee123
Hi people,
I have heard some people saying their Florida investment has been a total let down,
in some case they have lost money.
I am not talking about USA as a whole just the Florida market.
Anybody else experienced this?
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Interesting question and as a student of real estate of the Florida market please allow me my two cents. (Yes an American)
The best time to buy is when there is blood in the streets. I don't think this is a good time in Florida "YET". I am looking at Florida (Palm Beach County) and Atlanta Georgia very carefully. The market hasn't bottomed out yet and I believe it has another year. When the dust is just starting to settle I will start picking away even if it still has a little farther to fall. I average in and average out and I am looking to start in a year and finish in 5 more or less. I like to make a profit on the purchase, renovations if any and capital gains. There is a great opportunity just over the horizon in my humble opinion.