Getting an acceptable return on investments these days is quite a challenge, the days of a high rate on your CD or other trandional type of investment are over for the moment. If you're looking for an alternative, real estate makes a lot of sense thse days. I would not be the only person to see the potential, bank owned properties are usually snapped up within days sometimes after a heated bidding battle. In addition, foreigners from South America, Europe, Canada and even Africa are seeing the We believe that about 60% of condos in the Miami area are being purchased by foreign buyers.
There are many condo units that come onto the market every week starting at $40,000. Rates of return can equal anything from 4 - 8% annually.
An example would be a community in Margate Florida, located near Fort Lauderdale. 1/1 Units are selling at around $40,000. Most need at least $5,000 in repairs but once complete can be rented out for around $650 per month. After association fees and taxes, the investor nets about $250 per month. A return of 6.6% and the good news is that in time these units will appreciate, my estimate would be that in 48 - 60 months, these units will sell for around $60,000.
Looking to invest, don't wait too long, Call me!
Tali Wolder
561-866-9372
tali@floridianinternational.com
http://www.talisellsflorida.com/
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