Real Estate Investing

Real Estate Investing
All I Want For Christmas Is My Free Con-doh, My Totally free Con-doh.

By: Jeff Shiller, Esq.

Or, the alternate title: How To Own a $ 240,000.00 Prime South Seashore Condo For $ 4 Per Yr.

Ever since the 1980’s, I’ve been striving to figure out ways to buy a low cost retirement residence in Florida so I could wear white outfits yr-round and resolve crimes in my Ferrari (hold on a sec. I’m seeking for a cheesy image. Okay. Acquired it. I’m back).

Soon after significantly deliberation, I think I’ve lastly figured it out, and I’m sharing my leading 2011 investment strategy with you.

The collapse of the Miami/Palm Seaside County genuine estate industry is legendary. And now, to include insult to injury, a large south Florida law company caught up in the robo-signing mess had a lot of of their FANNIE and FREDDIE foreclosure files pulled and re-assigned to new law companies. The resulting confusion between lenders, trustees and the neighborhood courthouses led to several Palm Beach County residences currently being offered to investors at foreclosure auction this month for as small as $ 200. Yes, that’s right, 200 bucks.

Here’s the article:

http://www.sun-sentinel.com/company/fl-stern-foreclosure-sales-20101209,,784272.story

According to the write-up, “56 % of winning provides have been from investors or person consumers who in some cases invested no more than a month’s home loan payment to get homes that offered for upwards of $ 240,000 throughout the real estate boom.”

It does not consider a rocket scientist to figure out that individuals investment numbers perform. So if you’re like me and have thought about acquiring that dream 2nd property that could also generate rental income, get off your rocking chair and commence contemplating about purchasing some south Florida true estate!

Here’s the catch – you’ve received to get your location appropriate and time your exit for maximum revenue, so I’ll give you my formula for that.

According to Al Gore and the other global warming crackpots, sea ranges will rise by as significantly as .7 meters by 2060.

So here’s the remedy. Go down to FLA when the up coming bulk auction is scheduled. Get your dream condominium for $ 200. Make certain you purchase above the 5th floor. Hold it for 50 many years. Sell when the water hits the 2nd floor.

Voila… a Florida condo for $ four per 12 months. And you get to sell for at least the insurance coverage funds. What a deal!

In all seriousness, seem for my approaching posts regarding condominium investments. I’m going to address the dos and don’ts and pros and cons of acquiring a condominium as an investment, and even communicate with a actual, reside south Florida condo expert on the state of the industry. Then we can get the bottom of this worldwide warming problem.

Merry ChristmaKwanzaKa.

Til up coming time, Jeff

P.S. 1 of our readers sent the following report to me about the Secure Act. It’s a excellent summary of my other Safe Act content articles. Thanks Kevin!

Harold Money
Hard Income Bankers, LLC
www.HMBCribs.com
www.HardMoneyBankers.com