My 3 Day Business Trip to Florida!

I recently came back from a short 3 day stay in Florida. I decided to take this trip due to my curiosity about the current real estate market down in Florida and came back with tons of information. I initially expected to head down there to look at some lower priced Bank Owned properties for both myself and for some investors that I work with up here in the Northeast, but found myself in awe at the prices of New Construction in Pasco and Hernando Counties (just outside of Tampa). What amazed me was that someone can purchase a 1500-1800 sqft home with 3 or 4 Bedrooms, 2 Bathrooms, and a 2 Car Garage in a brand new community for less than $130,000. I realize that Florida has been hit particularly hard with the recession, but my advise to people is that if you have the opportunity to purchase one of these new homes, GO FOR IT! Once you add in the $8,000 FTB Credit and the fact that most builders are paying closing costs, it is a no brainer. If you are looking a for a second home and have the ability to purchase something now, then you should also GO FOR IT! You will be making a solid investment decision and you can enjoy the Florida Sun whenever you want to. Please keep in mind that I am not a Licensed REALTOR in Florida and am purely speaking from someone who is EXCITED about real estate and can see a great opportunity to invest in the Sunshine State. If you would like further information on the opportunities that I discovered in Florida, please feel free to email me or call me at 401-396-3027.

Manny