The reason condos are so low here is no banks are financing these. If you can live with some higher HOA fees until things settle down there are some great opps!
Steven J. Pahl
Yes, this is the" new" Florida real estate market. You got a little of everything from short sales, REO's and "normal" sales. You can get real bargains if you are willing to stay with the transaction on a short sale. On the other hand, REO's can be frustating due to the auction feel to the transaction, especially on the low priced properties. We got everything under the SUN.
If you need more information, give me call.
Most good deals are made, not found. It's our job as investors to make them happen.
He said he was a year getting daily updates (of foreclosures) from a realtor. He made an offer on 12 and got 3. It can happen, but you have to have a (long distance) realtor who is willing to work for you and can get things done when needed.
I do not know where in Florida he bought. I do know at those prices he got a great deal. It can really happen.
If you would like to discuss options, locations, etc., feel free to contact us at firstname.lastname@example.org
You're not seeing things, there really are some condos that cheap!.................however...........most of them that are priced that low come with hefty monthly maintenance fees. Also some of the communities have lawsuits going on and problems caused by poor construction.