Getting Back in the Real Estate Business

I am a Realtor in Central Florida. I have had a license for nearly twenty years.

During that time I have worked mainly with investors and bought many good Real Estate Deals myself.

In the last year, I took off from regular Real Estate and did other business, working with investors doing evaluations on larger projects. But in Fla, the numbers always came out the same....Don't Buy...Don"t Buy

I did a lot of study into the market, and Last Jan, 2008, I could not actually do a pro forma that used current info that would justify a purchase at normal Realtor CMA pricing. We did attempt to factor in downward pricing, but the values were continuing to fall.

The banks were in total denial at that time, and short sales were all I was doing. Suddenly I had over 70 deals and no one that could close.

Its a year later, and I feel better about getting back into the market. I have been traveling Fl for the last year, and have seen houses and entire subdivisions continue to fall, but it seems to be leveling off now.

In discussing the deals across our fine state, I feel its time to get back in to selling Florida. The prices are low enough now to cash flow the deals, and that's all we ever needed. The old run up of prices made no sense, the last one left holding the property was destined to lose.....I saw it, I wrote about it and was called negative.

But, I did survive by taking a break from the business. I look forward to working with local investors again, because the new name of the game is built in equity at these prices.

Florida Real Estate prices will continue to fall, but I can forecast a bottom. There are definitely areas of Florida that will recover faster, or at least quit falling and level off. For investors, this is good enough.

Its time to get busy on Investment deals again. Lets go do deals.