Real estate investor activity has been picking up as of late. Just read a good article with some interesting perspective on real estate investing and the market history in South Florida.
The article written by CHRISTINA S.N. LEWIS of the THE WALL STREET JOURNAL says:
“Intrepid home shoppers are venturing back into some of the nation’s hardest-hit real-estate markets, convinced they can cherry-pick good deals amid broad price declines. “
Admission – I did actually have to look up the word intrepid – means – resolutely fearless. Anyhow- she goes on to say…
“Among bargain buyers are affluent baby boomers eager to get low interest rates on retirement homes, high-end shoppers who were waiting for prices to soften and serial investors determined not to miss the boat on perceived opportunity.”
She also makes an interesting observation about our market in particular – home prices are still 64% higher in Miami than they were in December of 2002.
Catch the entire article here:
Easy to forget with the madness of the past few years that real estate is a long term investment, and still remains one of the most accessible paths to wealth for most Americans. This time will be looked back upon as a great buying opportunity years from now. You may never have more power as a buyer than right now.
Craig Garcia is a Managing Member of Bridge Capital Lending, LLC. A mortgage and investment firm specializing in Investor Loans that Use Private Lenders. Craig can be reached at 877-8GO-GREEN or 954-217-9518. Gene Schroeder and Angelo D’Alessandro are the founders and owners of Bank On It! – A Real Estate Investment Firm that sells Investment Properties at Wholesale Prices. Gene and Angelo can be reached at 954-515-0030. The three have also formed a service to connect prospective borrowers to a network of Local Mortgage Brokers called 888-2Lend-Fast.
