Florida and Las Vegas Real Estate Opportunities – The Truth
Author: Mark Goldberg
Source: articleage.com
If you have been doing your due diligence in the investment real estate market in Florida you'll hear about many good opportunities in the market as well as some rumors of a mysterious real estate bubble crash. While investment real estate opportunities are selling faster then ever before a few people believe that US real estate market will all the sudden lose all it's value and all of the world's real estate investors investing in Florida will go broke due to over development. While it is true that at some point real estate investing opportunities in Florida will cool down it's highly unlikely it will bust and actually go down in value. Where and how do these rumors start? I'll go over a reasons I feel fuel this rumor mill.
1. People Can't Believe It - This is probably the biggest factor when people talk about the Florida (i.e. Orlando, Miami, Ft. Lauderdale) investment real estate bubble popping is people just can't believe it's going so well. It's natural for people to think that because something is doing well that it is going to stop soon but in the florida investment market there are many large corporations spending a lot of money estimating how long this market will continue to grow. There are many factors to look at when your guessing how long a market has for growth and the experts are predicting at least another 5-7 years of steady growth in Florida.
2. The Profound Expert Factor - These people take every opportunity to say the exact opposite of the status quo and try to make themselves out as intellectuals that think outside the conventional box. These experts are not just in the investment real estate industry they're everywhere and as long as there is a sure thing that is common knowledge there will always be someone saying the opposite in hopes to make a name for themselves.
Example:
"Although it APPEARS that on average people are living longer I think in a few decades people's life spans will decrease due to the fact we drink more diary then are bodies were designed to... " - A Profound Expert
The truth is in every industry you have people that are going to say the exact opposite of what's happening and calling themselves gurus in the process. Just another part of life.
3. It's Not the Investors Talking - You ever notice that most of the people that give real estate advice don't actually invest in real estate themselves? I always chuckle when someone with no real estate investing experience explains the future of my industry to me. It is always very dramatic with huge twists and un-expecting turns. I've been in the real estate investing industry for more then 19 years now and I've seen very few expecting turns. Truth is that most of the investors know when to buy and when to sell and it's these weekend warriors that get slammed with the truth months later when they read about it in the local paper.
In the Florida investment real estate industry the changes are usually slow and avoidable as long as you are with the right brokerage that stays current with the market.
4. Agents Eliminating the Competition - If your job is selling investment real estate opportunities to investors are you going to encourage competition into your market that may result in you getting less clients? Of course not, real estate agents are very aware that the more agents in the business the less sales they get and unless you're working for in a firm they own so don't expect accurate real estate advice from these agents.
Look at it this way, if you're "friends" with a real estate agent he already looks to you as a lead, this is how a real estate agent makes his living. If you get into the real estate industry you (and your friends) are no longer leads and actually competition.
5. Investors Eliminating the Competition - Now imagine you're a real estate investor and buying preconstruction real estate opportunities in Florida and it's becoming harder and harder because of all the new investors entering the market. Do you really want to start telling other people that florida investment real estate properties are very profitable right now? The answer is no, almost every serious investor I have met keeps their investment opportunities to themselves unless they profit from it.
Investors are businesspeople first and foremost. If you're not paying them for their advice chances are it's not solid advice. I remember investors that were very willing to give out super secret stock tips as long as by you investing in the stock made their shares go up.
Remember, the most expensive advice is always the free advice.
If you're looking for the truth behind Florida investment real estate opportunities feel free to visit our site or give me a call directly.
Goldberg Executive Realty Group
Mark Goldberg
Phone: 1-866-247-2259
E-mail: GoldbergRealtyGroup@cfl.rr.com
http://www.investrealestate101.com
Free Real Estate Investing Course
Author: Mark Goldberg
Source: articleage.com
So you know you have what it takes to make a healthy living in the investment real estate market but you don't know where to get started? This FREE real estate investing course will show you the process used by some of the biggest names in the industry and how they got started in the industry ( you can bet it wasn't searching for months in their hometown for ugly fixer uppers). Remember, if you think cents you'll make cents, if you think dollars - you'll make dollars.
If you're going to devote your life to a real estate career then why not choose a path where the profits are big and the risks are small? Do you really think your time is well spent competing in the "We Buy Ugly Houses" cults that dominate every newspaper classifieds? Of course not, you've had enough of the rat race and now you're ready to make a name for yourself in the profitable investment real estate industry. Do you think The Donald spent his early days buying run down houses in New York and fixing them up or do you think he started actually investing in preconstruction investment properties.
This Free Real Estate Investing Course is designed to give both the newcomer and the experienced investor a chance to succeed in the investment real estate market. The main way to succeed in the investment real estate industry is simply to use common sense, of course it helps if you are also armed with an education of the industry. This is why it's important to learn as much as you can about the industry and read as many real estate articles as you can and meet with local agents and developers. The more contacts you can gain the better.
1. Don't Believe the Hype - Sorry to be the barer of bad news but many of these real estate "gurus" don't know any magic tricks to making money in real estate. It'snot that they are ill informed it's that their is NO MAGIC TRICK. It's fairly easy rules that everyone knows and few people actually take the time to do. These real estate agents often times fail selling real estate so go to selling over priced CD sets instead. Here's an interesting thing to do on a Saturday evening, do a search online and add the keyword "scam" or "rip off" after your favorite real estate gurus name. If you're going to follow the right real estate investing course then you need to get these fairytales out of your head before you get started.
2. Save Up Capital / Build Credit Score - If you want to invest in real estate the right way you'll need money for down payments and reservations. If someone tells you it's possible to make millions with no money chances are they're trying to sell you something (probably an over priced CD set). If it was possible to make millions with no money everyone in the industry would be millionaires in a few months. If you're serious about investing be sure to have capital and a good credit score before buying your first project.
To build your credit score there are a number of easy ways. I'd recommend logging in to your favorite search engine and searching for phrases like "build my credit score" and "raising my credit score".
3. Find an Investment Brokerage - No matter how many free articles you read or research on the industry you should still find yourself a responsible real estate brokerage that specializes in preconstruction and investment real estate. You can only know so much first entering the market and brokerages have their fingers on the pulse of the industry. An educated investment brokerage will know what developers to stay away from and which ones have a healthy track record or which locations in a city are growing and which are going to be dominated by HUD or section 8 in the next few months.
4. Research Multiple Cities - Don't just buy investment real estate in a city because a friend of a friend did really well there. You never know what factors were involved in the transaction or even worse if it really happened. Cities usually only have a few years of substantial growth before it cools down so must be careful of outdated information. While you'll still make a decent profit in almost any major city if you do your due diligence wouldn't you rather invest in an explosive market where real estate is skyrocketing?
***Note: As of Nov 8, 2005 I believe the best markets now are Orlando, Miami, and Las Vegas.***
5. Read Free Real Estate Investing Courses - Although most of the free advice you get is often the most expensive there is much to be learned from every author or expert. The trick is to read as many of these free real estate investing courses and only pick out the useful information and let the rest go. I can honestly say that I learn something useful from every free real estate investing course I read. Maybe I learn that a certain person has no clue what they're talking about and I make a mental note or maybe I learn a new technique that I haven't thought of yet. Either way free investment real estate courses are very useful if you stay educated in the market and don't rely too much on them for all your information.
Why do I say research free real estate investing courses and not the expensive ones? If a real estate brokerage or agent needs to sell CD's or books to make a living chances are they are not as knowable about the real estate industry as you think. Also, they all tend to regurgitate the same information over and over again.
The above information was taken from the Free Goldberg Executive Realty Investment Course found at http://www.investrealestate101.com
Goldberg Executive Realty Group
Mark Goldberg
Phone: 1-866-247-2259
E-mail: GoldbergRealtyGroup@cfl.rr.com
http://www.InvestRealEstate101.com
Florida Investment Real Estate and What Are Considerations Before Buying
Author: Sharona Murvin
Source: articleage.com
Investment Real Estate, First Things First
Considering investing in property? What are some pertinent things to consider before taking this leap? Of all the investment possibilities, investment in land generally produces the most positive results. It is vital, however, to carefully investigate the pros and cons, benefits and deficits of real estate investment. Most people look at investment real estate as risky and feel woefully inadequate to tackle this form of investing. They feel lost, not knowing where to even begin!
A multitude of information is available and knowing how to search can seem daunting. A web site search will produce boatloads of information, some valuable and some not. Some key words to search are real estate investment, investment property, and investing in real estate. This will begin the process for you. Not all available information is worth your time, however. Beware when the site promises high return for little down. Also beware of sites whose main goal is to solicit your money. Web searching is one form of research. Another is talking to a reputable real estate broker or real estate lawyer. One of the best sources of information is a friend you trust who has done real estate investing. A trustworthy friend who started as a novice and progressed to real investing is probably your best source of reliable information. Their voice of experience rings the loudest since they are a layman like you who had to discover for themselves each step of the way how to make successful investments.
Investment Real Estate, Rental Units
Let's look at some sound reasons for investing in real estate. Real estate generally appreciates at a greater rate than the rate of inflation and offers great tax benefits. Selecting real estate in a desirable location will prove to be profitable especially in burgeoning areas, usually in suburbs which are a reasonable commute to city jobs. Of course the old adage, location, location, location is a very pertinent piece of advice to take to heart. Think of the most expensive housing markets today. If you have lived in an expensive housing market, or have visited there, you will notice that along with exquisite homes offered for sale at exorbitant rates, small, older homes you would never consider buying in another market are being offered for huge dollars. Why? Location, of course. When a housing area becomes desirable, even those small dumpy homes will sell for a considerable amount of money. Let's stop for a moment and look at the advantages of investing in rental units as opposed to purchasing property for resale. One of the largest factors to consider in purchasing property for resale is finding properties that will resell at a higher rate than purchase, of course. Finding these properties is not as easy today as it may have been in the past. It used to be that fixer-uppers and foreclosures were avoided by homeowners and investors alike. Not so today, those same homes are being feverishly snatched up in the current booming housing markets.
Florida Investment Real Estate - Why Florida Is a Good Choice
Finding homes to purchase and turn over quickly for cash is becoming more and more difficult, leading many to consider purchasing property for the purpose of renting. What are some advantages to renting and what locations would be most desirable for purchase with a rental goal in mind? Owning rental property provides some unique advantages. If you have the time as well as the finances to invest, rental property could end up paying for itself in the long term. In order for this to be true, the most important thing to search for is property in a great location for renters. You don't want to be searching for renters for months on end while you are being drained of capital. Those mortgage payments never stop, even when the list of renters has been exhausted. Buying rental investment property in a college town is a good bet for the possibility of continual renters and also buying in transient areas and tourist areas. Of all the above, tourist areas tend to be your surest source of consistent renters. Numerous high density tourist areas exist across the nation, but one of your best bets for purchase and consistent renters would be a sun-drenched spot with a year-round temperate climate. California and Texas would fit the bill, but as we all know, the most desirable locations in California may be out of reach due to the high cost. Texas may be considered a good choice, but only one state ranks as the premier tourist destination in the world and that would be Florida, the sunshine state.
Florida Investment Real Estate - The Orlando Area
With Florida's burgeoning population, Florida investment real estate is a great option. Florida ranks 4th in population behind California, Texas and New York. Florida has one of the fastest rates of growth in the nation, making Florida investment real estate a very attractive option for investors. In the 1990's, Florida grew by 23.5 percent with five counties increasing by more than 60 percent. Projected state growth would bring the population to over 19 million by 2010. An increasingly higher population obviously increases the need for housing. The increasing resident population being a great reason to pursue Florida investment real estate; let's not neglect another face of increasing housing need. Florida has a tourism rate of almost 77 million visitors in 2004, making it the top travel destination in the world and producing $57 billion of income. Tourists flock to all parts of Florida, the beaches being one of the most attractive destinations. However, Orlando pulls in the most visitors, with 2.6 million international travelers, not including the steady stream of domestic tourists. This alone would offer sufficient reason to purchase rental property. But considering that the grand total of tourists visiting Orlando in 2004 was 48 million people, what great housing investment potential for investors! The biggest drawing card in the Orlando area is, of course, Walt Disney World. The area surrounding Disney has a hotel rate occupancy of about 80 percent. It's obvious why the Orlando area is considered one of the most desirable tourist destinations in the world.
Florida Investment Real Estate - What are Reasons Tourists Come to the Orlando Area
Owning Florida investment real estate will give vacationers who visit the Orlando area a place to stay while you collect the rent. Theme park attractions are one of the biggest reasons Orlando has become a #1 tourist destination. The three most popular are Disney, which includes Disney World, Epcot, Animal Kingdom and MGM Studios, Sea World and Universal. Each attraction holds an appeal for people of all ages with families and singles alike enjoying each. Kissimmee is the town closest to Disney where families especially enjoy a few of the more laid back sights including Green Meadows Farm. Green Meadows is in an idyllic country setting with tours of the farm and more than 300 farm animals to touch and see. Also in the Kissimmee area is Horse World Riding Stables. The 750 acres of open pasture beckons horse lovers to enjoy a ride beneath the open sky. The Orlando Science Center beckons science buffs both young and old. Learning happens as a by-product here through the realistic, interactive and just plain fun exhibits. Fabulous night life is to be found both in Kissimmee which boasts two very popular dinner attractions, Medieval Times and Arabian Nights. Both serve delectable large portions of food with fabulous jousting and medieval type entertainment. For the shopper, Shopping and dining abound in the Orlando area also as do all sorts of natural environmental experiences.
Real Estate Investment in Florida - Bimini Bay Resort Florida
A well-kept secret but one located just 5 miles from Disney, in the center of Florida is Davenport, a treasure of a town close to the major attractions, yet a world away. On 80 acres of land in the Davenport area, you will find Bimini Bay Resort, Florida. A grand investment opportunity awaits you at Bimini Bay Resort, Florida where the investor participates in property appreciation but is not affected by negative cash flow during the off season. At Bimini Bay Resort, Florida you will find a planned community of luxurious town homes, offering 3 bedroom two baths that are fully furnished and equipped. Bimini Bay Resort, Florida is unique in that the investor can stay in the purchased unit while on vacation for a minimum fee while renting the unit the rest of the year. Management staff at Bimini Bay Resort finds the renters while you enjoy a guaranteed rental income each month. Planned amenities at Bimini Bay Resort include two major restaurants, a grocery, deli and food court and a sports bar restaurant. Bimini Bay Resort will also include a spa and exercise facility. A large business conference center and twin theaters are also planned at Bimini Bay Resort. Peace of mind will be yours at Bimini Bay Resort with its gated access with security cards. A fantastic real estate investment in Florida at Bimini Bay Resort awaits the investor who desires a consistent income without the headaches of day-to-day management. Bimini Bay Resort is worth investigating.
Our Featured Orlando Properties: You have an opportunity to join one of the fastest growing trends in the United States and the world. Orlando is one of the most explosive markets in the country and the Disney resort area has an average hotel occupancy of around 80%. Orlando is known as the vacation capital of the world and the top rated short term rental market, one that shows tremendous potential for real investors.
Tourism - with 76.8 million visitors in 2004 (a record number), Florida is the top travel destination in the world. The tourism industry has an economic impact of $57 billion on Florida's economy. Click here for additional tourism facts and statistics.
City Population Rank (2000):
(Rounded to the Nearest Thousand)
1. Jacksonville - 736,000
2. Miami - 362,000
3. Tampa - 303,000
4. St. Petersburg - 248,000
5. Hialeah - 226,000
6. Orlando - 186,000
7. Ft. Lauderdale - 152,000
8. Tallahassee - 151,000
9. Hollywood - 139,000
10. Pembroke Pines - 137,000
11. Coral Springs - 118,000
12. Clearwater - 109,000
13. Cape Coral - 102,000
14. Gainesville - 95,000
15. Port St. Lucie - 89,000
16. Miami Beach - 88,000
17. Sunrise - 86,000
18. Plantation - 83,000
19. West Palm Beach - 82,000
20. Palm Bay - 79,000
21. Lakeland - 78,000
22. Pompano Beach - 78,000
23. Davie - 76,000
24. Boca Raton - 75,000
25. Miramar - 73,000
Most Populous Metro Areas (2000):
(Rounded to the Nearest Thousand)
1. Tampa/St. Petersburg/Clearwater - 2,396,000
2. Miami - 2,253,000
3. Orlando - 1,645,000
4. Ft. Lauderdale - 1,623,000
5. Jacksonville - 1,100,000
6. West Palm Beach/Boca Raton - 1,131,000
7. Sarasota/Bradenton - 590,000
8. Daytona Beach - 493,000
9. Lakeland/Winter Haven - 484,000
10. Melbourne/Titusville/Palm Bay - 476,000
11. Fort Myers/Cape Coral - 441,000
12. Pensacola - 412,000
13. Fort Pierce/Port St. Lucie - 319,000
14. Tallahassee - 285,000
15. Ocala - 259,000
16. Naples - 251,000
17. Gainesville - 218,000
18. Fort Walton Beach - 170,000
19. Panama City - 148,000
Home to 11 of the country's 100 fastest-growing counties, a Florida investment property has high potential as a profit-maker, unlike most other areas. Port St. Lucie, Miramar and Cape Coral are the fastest growing cities in Florida. It's unlikely you will make a mistake investing in Florida real estate considering the vast number of tourists and new residents flocking to the land of sun and surf. The most difficult decision to make will be which location in Florida to purchase. Good investments abound in each area of the state, from Miami in the south to Clearwater on the gulf coast, going east to Daytona Beach and north to the panhandle. Selecting a location depends on your goals for purchasing Florida investment property. Carefully consider what you intend to do with your Florida investment property. Will your purchase be used mainly as a rental property for vacationers? Do you intend to have access to the property during certain seasons? Or is your goal rental of the property to local tenants? Some of these questions will help you in narrowing down your search. Once you have determined whether your Florida investment property will be used primarily for vacationers or for local renters, and whether you intend on using it as a vacation resort yourself, it is easier to choose the location.
"Each year is better than the previous one," said Abe Pizam, dean of the University of Central Florida's hospitality management college. "But it's not yet where it should be, or where it was."
Pizam said that, while a weak dollar has helped renew interest in Orlando among some foreign visitors, many are continuing to stay away because of heightened security measures in the United States and the hassles that accompany them, as well as increased opposition to the war in Iraq.
"It's a miracle that, despite that, we have improved our visitor counts," Pizam said. "We cannot deny there is still animosity toward the United States in many parts of the world."
Struggling economies in South America also put the brakes on many potential tourists' travel plans in what historically has been a strong market for Orlando.
According to the bureau's figures, the number of South American visitors have dropped substantially in recent years, from 659,000 in 2000 to fewer than 300,000 last year.
Other signs point to a recent upswing in international traffic, however. Orlando International Airport officials said in June that the airport recorded a 20 percent increase in international passengers compared with the same month last year.
On International Drive, a tourism corridor that benefits heavily from overseas travelers, merchants are noticing the difference.
"It's maybe picked up," said Zach Marino, manager of Texas de Brazil restaurant on International Drive. "In this area it's hard to tell because this is the spot to be. We have a strong international clientele."
Asian visitors increased by nearly 40,000 in 2004, and about 100,000 more Canadians traveled to Orlando last year than in 2003.
The visitors bureau noted that it has stepped up its national and international marketing of Orlando, having pulled back on such advertisements after 9-11.
"Our plan is more back-to-normal in terms of marketing thrust," Peeper said.
New York remained the No. 1 source of domestic out-of-state vacationers to Orlando last year. The Tampa Bay area held on as the top source of in-state visitors.
Experts are predicting that 2005 will exceed last year in terms of both international and domestic visitors.
Earlier this month, Walt Disney World reported percentage growth in the low double digits among international tourists, while the number of domestic customers remained relatively flat during one of the rainiest Junes on record.
"If everything stays stable, we should come out on the international side real well" in 2005, Peeper said.
Sharona Murvin
Florida Investment Real Estate Expert
http://www.biminibayresortinvestment.com