My team works with investors both locally and internationally. I am currently assisting an investment firm from Cape Town, South Africa in their pursuit of multiple condominium investment properties in the Jacksonville area. They are interested in short sales and foreclosures for the obvious reason of the alluring price as well as ease in attaining in excess of the typical desired 30% return on an investment property.
I am also working with a couple local Florida investors...one who is buying vacant land to hold onto until housing development picks up again in a few years and another who is buying single-family homes and condos as investments because prices are still low enough to justify the long term investment.
As you can see we've got all the bases covered and would love the opportunity to assist you in your investment endeavors. Please don't hesitate to contact me 7 days a week and be sure to check out my profile page for testimonials.
Thanks & talk soon,
Jeff Metcalf, REALTOR(R)
Watson Realty Corp.
There are two aspects to consider when looking into the purchase of an investment property; the return on revenue you can reasonable expect based on the purchase price and the location and how it might be affected by future price appreciation.
When looking at project returns you need to carefully evaluate the purchase price and ongoing expenses like association fees, property taxes, insurance, etc. You also need to thoroughly investigate the current rental climate in the area surrounding the property. What are similar properties renting for, how quickly are the renting, how many similar properties are out there for rent, etc.
You also need to carefully evaluate the condition of the property and determine what expenses may be incurred in getting the property into rental condition. Many of my clients prefer to put hard surface flooring throughout as it stands up to wear and tear better than soft goods. One thing many investors overlook is if you are in an association will they accepts pets. Many pet lovers have a difficult time finding home that will accept their pets and this can be a huge benefit to investors. If you find a pet friendly situation it will make it easier in most locations to find tenants willing to pay a little more.
Future appreciation is hard to put a precise number on but the better the location the higher that appreciation will probably be. You can expect a little lower up front returns (in my area from 4% to 6% cash on cash returns) compared with up to 10% in less desirable areas and product types.
The best thing you can do is locate a qualified Realtor who can properly assist you in locating good opportunities and be ready to act quickly when the right opportunities present themselves. If your search brings you to Palm Beach or Martin Counties I would be very happy to work with you towards meeting your goals. The current market is really a perfect storm and in my opinion Florida real estate in the right location is one of the absolute best investment opportunities we will see in our lifetimes. However, the easy money has been made and prices on many investment grade properties are way up. Still some awesome opportunities if you look under the right rocks
Best of luck and if I can offer anything additional please let me know.
Always at Your Service,
Tom Priester e-PRO
"Results Driven Real Estate"
Keller Williams Realty
1) 100% LTV- VA /Debt Payoff on Purchases too
2) 100% LTV- USDA/12 mo. into Chapter 13 BKâ€¦OK!
3) 99% LTV- FHA ($100.00 down)
4) 97% LTV- No PMI and No FHA MIP FEE of 1.75%
5) 95% LTV- No PMI
6) 95% LTV- CONDO
7) 90% LTV- 2nd Home
8) 90% LTV- JUMBO
9) 85% LTV- NO PMI to Super Jumbo
STATED INCOME ALT loan programs up to Super Jumbo
10) 80% LTV- FIX nâ€™ FLIP Invest. Prop.
11) 75% LTV- NEW- Stated Income Alt
12) 75% LTV- NEW- Foreign Nationals- Stated Income Alt
13) 75% CLTV-NEW- after Short Sale, BK or Foreclosure
14) 70% LTV- Soft and Hard Money -Stated Income Alt
15) LOT/VACANT LAND LOANS up to $30,000 / $363.00 mo. pymt.
16) COMMERCIAL PROGRAMS â€“ (many programs available nationwide)
Unlike other lenders, I actually respond to calls and emails
Pro Option Mortgage/ Florida
Ph: 888 662 4404
Yes we have worked with investors previously on purchasing properties for rentals and also properties for resales.
We are both lifelong residents of the Jacksonville area and are very familiar with the market.
Please Contact us anytime and we'll show you the difference our services can make when purchasing or selling your home.
We will be happy to complete a market analysis of the area that you are intersted in to show you the value of homes in that neighborhood/area. This report is Free .
Please visit our website for more information:
Nina and Bill Bay
Watson Realty Corp.
Don Price USN-RET