Fort Lauderdale, Fl.,
Buyers are coming in large numbers with 40K cash to buy income property in South Florida.
Out of 32 properties I sent to a buyer on Thursday, we had to eliminate a large number of them because the were tagged with the over 55+ age requirement, no rentals allowed period, no rentals allowed on the first year., foreclosures with multiple offers, area not accepatable to buyer, and short sales were not an option because he wants to close before the end of the year!
So, "what happened with the good good deals?" .
2 thoughts on “Income property reality check in South Florida”
November 2, 2011
In my opinion the good deals are gone–but there are a lot of fair deals out there–for how long . . .who knows?
January 31, 2012
Property Checks Is a Way to Review Genuine Value
When it comes real estate assessment issues and property values, we have to rely on the due diligence of the experts. There are some things that require assistance beyond our realm of influence, and regulatory agencies have whatever means they need to …