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Florida Real Estate Exploding For 15+ More Years?
YEEHAW!!!!!! The south will rise again!! Can't you just imagine the Dukes of Hazard boys sitting on the hood of their car (the General Lee) grinning in front of a For Sale sign in their yard? Well, they should be smiling with the prices in the south, and especially in Florida. But will this Florida real estate trend continue? That is the $100,000 question. We just recently taught a class at the Learning Annex in NYC about investing in Florida real estate. As I was preparing for this class, I was just constantly shocked by some of the facts that I was gathering?. and I live in Florida and have done so most of my life. So the question becomes "is this just an over blown Florida real estate bubble or is this something that is likely to last?" Let me give you an example of just how wild Florida real estate has become. Recently, somebody just made a purchase of the LARGEST track of land that his been purchased in Florida since 1965. Back in 1965, some crazy dude named Walt Disney purchased 30,000 acres in a relatively unknown place (at the time) called Orlando. At the time, the locales who sold their land went laughing all the way to the bank about this guy. This recent Florida real estate purchase, however, was 28,000 acres at a price of $30,000/Acre. No big deal, right? Wrong!!! This land was purchased around YEEHAW Junction, Florida! Ever heard of it? Most people have not. Yeehaw Junction is off of the Florida Turnpike in Osceola County. This is one of those places that you could drive through 10 times and still not have noticed it. If you are like most people, then you would have to assume that big groups are buying these large tracts of land with the intent of rapidly developing them and selling them during this crazy real estate market. Nothing could be further from the truth. What these groups know is that that the population of Florida is expected to increase by 35,000 people, per month, for the next 30 years. So month, after month, after month, you have people pouring into the state. So if you are one the big Florida real estate groups with tons of money in your pockets these days, what would you do? Buy the land in cash and sit on it for years --- also referred to as "land banking." Now if you are familiar with the Florida real estate of yesteryear, you would have to assume that most of this population growth is from fixed, low income, retirees that are coming into the state. Wrong again. Today, and in the foreseeable future, you actually have very wealthy individuals coming into the state, possibly for long term retirement. The difference is they have lots of money, are willing to spend it, and are accustomed to nice life styles. Whenever there is money flowing, then you obviously create business opportunities and job growth. As a consequence, many locations in Florida are exploding within the 20-40 year old age group. With this kind of real world demand floating around, the opportunities are endless for savvy Florida real estate investors. Of course, you can not just blindly make investment choices, especially if you live outside of the state. Some areas have become investor dominated and could be a bit scary in the shorter time scale. Over the longer time scale however, the future looks very bright, especially in the area of land investments and affordable housing. In the Learning Annex class in NYC, my suggestion to investors interested in Florida real estate is either learn how they can use preconstruction investing to easily make investments in Florida or else move and get involved in more active investing styles. For preconstruction investing, the trick is to 1) find an emerging area poised to explode, 2) find a project within that area that is high demand and is in preconstruction, 3) ride the appreciation curve while you may not even own (yet) the property. People have made money by the boatload over the last few years doing exactly that and "aw shucks, we only have another 15+ years to go before it runs out". Now do you want the really good news? This is not just limited to Florida real estate! In our group, we are making multiple investments in many locales all being driven by the baby boomer shift and its far reaching impacts. In my opinion, if you want real estate investing to be a major factor in your financial future, learn what the boomers want and then buy in front of them. Dr. Chris Anderson is a co-founder of http://www.GetPreconstructionDeals.com and is referenced in many venues including the New York Times and USA Today. Download his free, 30+ page preconstruction investing ebook today at Get Preconstruction e-Book
MORE RESOURCES: L.A.’s Real Estate Upfronts Reveal Penthouse A at Rosewood Residences Beverly Hills Hollywood Reporter Erie County real estate transactions Buffalo News Worcester County real estate transfers, Sunday, May 19 Worcester Telegram Real estate mogul cautions about avoidable mistake when buying a home, explains how to avoid 'drowning' Fox Business Coloradans negotiating lower fees for real estate agents with new law on horizon Colorado Public Radio Massachusetts real estate transactions for Hampden, Hampshire and Franklin counties May 19, 2024 edition MassLive.com Portside Real Estate acquires Belgrade Lakes brokerage Kennebec Journal and Morning Sentinel Illinois real estate: Home sales in Peoria, Tazewell, Woodford counties Peoria Journal Star Slow April real estate market among Pueblo's top business news Pueblo Chieftain Hawaii Real Estate Sales: March 11-15, 2024 Honolulu Star-Advertiser Luxury Homes Are Booming in These 10 Unexpected Cities in 2024 Norada Real Estate Investments Real Estate Investment and Finance Hunton Andrews Kurth LLP REAL ESTATE | A look inside The Lofts at Cedar Lake on the campus of Cedar Community washingtoncountyinsider.com Wellesley resident Peter Covo joins Conn Kavanaugh as partner in firm's real estate practice The Swellesley Report Letter to editor: On recent misinformation regarding upcoming changes to the real estate industry Woodland Daily Democrat Revised Mortgage Rate Predictions Signal HIGHER Rates in 2024 Norada Real Estate Investments Top 10 Brooklyn Listings: A Flatlands Standalone Brownstoner Berks County real estate transactions for May 19 Reading Eagle REAL ESTATE | Check out Braund's Flooring & Remodeling LLC in West Bend, WI washingtoncountyinsider.com Increases in interest rates stress commercial real estate Richmond Times-Dispatch Private Advisor Group LLC Purchases 1425 Shares of Doubleline Commercial Real Estate ETF (NYSEARCA:DCMB) Defense World STAR resource center Department of Taxation and Finance Egypt boasts real estate portfolio valued at $200bn, ready for international export - Dailynewsegypt Daily News Egypt Amalgamated Bank Trims Stock Position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Defense World Celebrity Real Estate Realtor.com News Kenosha CubeSmart storage facility sold to new owner Kenosha News The Properties High Interest Rates Can't Touch The Wall Street Journal Connecticut real estate law changed after MV Realty investigation Eyewitness News 3 $6 million home was Houston's top residential real estate sale of its week (PHOTOS) Houston Business Journal Real estate transfers: May 17, 2024 RiverheadLOCAL Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Stock Position Reduced by Victory Capital Management Inc. Defense World News anchor sells luxury Scottsdale home he built for $6M The Business Journals Robert Willett may be targeting female Realtors in Northeast Ohio Akron Beacon Journal 10 most expensive homes sold in Cuyahoga Falls, May 6-12 cleveland.com China Says It Will Start Buying Apartments as Housing Slump Worsens The New York Times China's real estate market sees surge in weekend consultations and trading, boosted by accommodative policy Global Times Real Estate Mogul Grant Cardone Closes Largest All-Cash Multifamily Deal In South Florida This Year Yahoo Finance Mid-May Greenwich Real Estate Market Report Greenwich Sentinel Refined Real Estate: Unique Leschi home with lake views lists for $1,395,000 seattlerefined.com London Real Estate Is About to Get the ‘Selling Sunset’ Treatment Hollywood Reporter What's real estate wellness? Fortune 10 most expensive homes sold in Portage County, May 6-12 cleveland.com Real Estate Newsletter Articles this Week: Housing Starts Increased to 1.360 million Annual Rate in April Calculated Risk Billionaire Frank McCourt raises his hand to buy TikTok Business Insider Should I Buy a House Now or Wait Until 2025: Expert Forecast Norada Real Estate Investments Dodge County Real Estate Transfers Fremont Tribune Why Renting Still Makes More Sense Than Buying in Major US Cities Business Insider Ellison sues real estate broker Chad Banken over alleged schemes involving contracts for deed Star Tribune Busch relative settles squabble with Clayton investors over real estate trust St. Louis Post-Dispatch Home listings are on the rise in southern Colorado, while other indicators show a slowing real estate market Colorado Public Radio Southern fast-food chain Cook Out buys Tampa real estate Tampa Bay Business Journal |
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