Home Buying in 33426>Question Details

Julie, Home Buyer in Huntersville, NC

I would like to purchase a condo in Florida, what are some good areas to invest in? I have $55000 cash.

Asked by Julie, Huntersville, NC Mon Oct 5, 2009

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Search our site http://www.balistreri.com and call me at 561 706 5815. My credentials are at the Agents Section. I have served Boynton Beach and beyond since 1995, my Company since 1964. Ah, my daughter and family live in Chapel Hill, N. C.
0 votes Thank Flag Link Thu Mar 21, 2013
I have a well cared for short sale on the market for 40k on a nice view of the lake!

Susan Doyle, CDPE
Keller Williams Realty
Boynton Beach, fl 33472
0 votes Thank Flag Link Thu Oct 15, 2009

You will be able to find a 2bedoom / 2Bath almost anywhere in FL. I recommend looking at the transaction form a pure investment perspective and isolate a few areas with the highest Yield. Don't get all caught up in what you like. It's all about how to make money.

Example, in the West Palm Beach area, you can achieve 10%-14% return after expenses on a property. Not bad considering the banks are paying 2% on your hard earned money.

Look on the outskirts of areas with high industry and commercial business. Generally these are where people who work in the area, will live.

Based on your $55,000 budget, your expenses should not exceed: $4200 year with $900 month income to have a 12% Return. Expenses should not exceed 38% of the Gross Income.

The $4200 will include Condo Fees & Property Taxes. You should not have any additional expenses other than maintenance, which is not factored in.

I hope this helps.
If you are interested in Palm Beach County, please give me a ring.

Craig Fialkowski GRI, CDPE
Herman Group Real Estate
0 votes Thank Flag Link Mon Oct 5, 2009
Hi Julie,
Great time to be a cash buyer on the Gulf Coast. Are you able to take advantage of the first time home buyers tax credit?
I would be happy to show you any property listed on the MLS. Let me know when you are coming down and I will help you find you a great deal !!
Michael Putnam
Coldwell Banker
331 W Venice Ave
Venice FL 34285
941. 662. 9941
0 votes Thank Flag Link Mon Oct 5, 2009
Hi Julie,
Come to Port Charlotte. CNNMoney.com declared it the #1 place to live. We have a lot to choose from and one can find a comfortable condo for the price.
Let me know how we can help you.

Good Luck!

Genevieve Ramachandran
0 votes Thank Flag Link Mon Oct 5, 2009
Some of the best quality of living in the country can be found on the Gulf Coast of Florida between Sarasota and North Fort Myers. If you require additional information, we would be happy to answer your questions about the area and what it has to offer.

You are definitely headed in the right direction.........

Good luck
The Eckler Team

Michael Saunders & Company
0 votes Thank Flag Link Mon Oct 5, 2009
Hi Julie - Of course I'm partial to the West Coast of Florida and Pinellas County has some awesome bargains on condos in that price range. Call or e-mail me if I can help.

Darla Schroeder, Realtor, GRI, e-PRO
Century 21 Real Estate Champions
4350 Duhme Rd
Madeira Beach, FL 33708

Cell: 727-541-3743
0 votes Thank Flag Link Mon Oct 5, 2009
You can find some pretty nice condos in the Ft Myers area in that price range. Give me a call if I can help
Marge Bennett
Sellstate Achievers Realty Network
0 votes Thank Flag Link Mon Oct 5, 2009
Hi Julie,

One of the hot investment spots in South Florida is Lake Worth, Florida. Justed ranked #2 in the U.S for "Top 10 Most Affordable Zip Codes with the Best Schools" When investing remember location, location, location and great school systems always have value. Click link below to read more. If you need assistance or have any additional questions about our market please don't hesitate to contact me.

Best Regards,

Todd Rettkowski, P.A., CNHS, RCC, CDPE
Certified New Home Specialist
Residential Construction Certified
Certified Distressed Property Expert

Keller Williams Realty
Direct Line: 561-735-7993
Mobile: 561-891-1621

Providing Quality Customer Service and Delivering Results!
0 votes Thank Flag Link Mon Oct 5, 2009
Hi Julie,

Since I live and work in Sarasota, I would recommend it highly. Siesta Key beach has been voted #2 Beach, behind Hawaii. We have lots to offer, including the Ringling Museum, art gallery's, St. Armand's Circle, just to name a few. If you would like more information on what is for sale, let me know and I will gladly assist you.

Carrie Roberts
Michael Saunders & Company
Sarasota, FL
0 votes Thank Flag Link Mon Oct 5, 2009
You want to buy when no one is buying= to get the best deal.
ANd Sell when everyone is buying or low supply and great demand to get the greatest return or sell for highest price.

With the South Florida Condo Glut they are giving them away.
0 votes Thank Flag Link Mon Oct 5, 2009
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