Investors - Follow the rules

What better time to become an investor in Florida real estate. Prices are really low and money is cheap, there is no doubt that almost all units can guarantee a great return for investorts from day 1.

But, like with anything else, there are valuable rules to keep in mind when purchasing property for investment. In Florida, this is particularly important because of the ubiquity of homeowner and condo owner associations. Many of these associations have strict rules about renting. Some don't allow rentals at all while others only allow rentals after either 1 or 2 years of ownership. So, even if the purchase price is a steal, if you cannot rent for a year, you are going to have to carry the holding costs. It's interesting to note that associations that restrict rentals are not doing the property owners in their resprective community any favors as prices in these communities tend to be 10 - 30% lower than communities that have a more liberal rental policy.

Over 55 or active adult communities are also not my best choice for investors. These communities usually have more restrictions than others and tend only to be viable for 4 - 6 months of seasonal rentals.

Real estate entrepreneur Ryan Moeller recently writing for the website, http://www.biggerpockets.com/ offered these four tips for anyone considering a consumer real estate investment:

Best value is any family sized unit in a great school district, single family home beats townhouse or condo but they are the hardest to find and competition among investors is always more intense.


1. Don’t count on appreciation. Appreciation is a bonus.

2. Watch the loan-to-value ratio. Ideally, the total cost of the purchase, fees and repairs should be no more than 70 percent of the appraised value of the property in good condition.

3. Maximize annual return. Aim for properties that can be rented for at least 1.5 percent to 3 percent of the purchase price. For example, plan to pay no more than $50,000 for a property that can be rented for $750 per month.

4. Have an exit strategy. Seek properties that are attractive enough to have value no matter what happens to the market – as rentals, for sale to other investors, or for sale to somebody who plans to live there via conventional financing or lease purchase.

If you or anyone you know is interested in buying investment property call me, I can show you some great opportunities. Plus, you can sign up for my Twitter account feeds and check daily for investor specials.

Tali Wolder
561-866-9372
Tali@floridianinternational.com
http://www.talisellsflorida.com/

Great Florida Deals - You Just Have To Know Where To Find Them

Florida does offer amazing value now but not every deal is an easy deal. If it's a short sale, you could wait 6 months or more to close. If it's a foreclosed property, in many cases there will be significant repair costs. But, sometimes great deals do come along.

Home Exterior - Grande Blvd

For anyone up North looking for a great home in an amazing, world-class, country club community, Ibis Country Club is definitely worth considering. I have a listing that is way too good to pass up.

A gorgeous 3 bedroom, 2 bathroom home that has barely ever been used. It is furnished tastefully and looks like a model home. The Sellers are willing to let it go way below market value, the asking price is $215,000. In addition, they are going to give the Buyer a $30,000.00 credit to purchase a Signature golf membership. If the price is right, the Seller will include all furnishings. Just bring your toothbrush and get away from freezing cold winters up North.
Take a look at the listing here:
http://rmlsfl.mlxchange.com/Pub/EmailView.asp?r=1665305662&s=RML&t=RML

Living Area

Ibis has 3 outstanding Nicklaus designed golf courses as well as a 50,000 sq ft club house with all the amenities one would expect. Situated in West Palm Beach just minutes from the majors highways, downtown and City Place.

If you have ever given thought to owning a home in a golf community in Florida then don't miss out on this great home at an excellent price. Not a short sale, not a foreclosure - just a deal worth looking at.

Call me - Let's talk a deal!
Tali Wolder
Floridian International Realty, Inc.
561-866-9372
tali@floridianinternational.com
http://www.talisellsflorida.com/