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Real Estate Investing it's not rocket science.

If you are like most people who have never invested in Bradenton real estate you might think it is too difficult or the risk is too great or the biggest misconception is that it's too expensive.  Don't get me wrong there is a lot to learn and there is always risk when it involves investing, that's where a professional comes in.

There is a big difference between a licensed sales person and an investment specialist and the differences can be very costly if you don't choose wisely.  The principles are broken into two parts you can buy and "flip" or buy and "hold", the preferred method for building long term wealth is to buy and hold.  That's not to say you can't get rich by flipping Florida properties but it is expensive to get started and can be a lot riskier unless you are clairvoyant or have a rich uncle ready to give you money.  Buy and hold is simple; buy, rent, re-invest, it is a repeatable process that typically takes a little longer to "get rich" but the risk is less.

There are plenty of lenders ready to lend on performing properties with as little as 20% down, the trick is to find preforming or even under-preforming properties that yield the return you are looking... ...read full post

 

Established Neighborhood vs. New Home Subdivision?

I will begin by saying that the motivation of property sellers will ultimately determine the deal you can get.

While the real estate market in Manatee and Sarasota Counties are forecast to remain soft for a while longer the unit sales are the highest they have been in three years.

The absorption rate of homes with price points between 700k and 1.5 mil is at a three year high of 4.6% (6% being a normal market)  so wile the prices are slowly dropping when the inventory hits an equilibrium the prices will begin to rise, I am not an economist but I can tell you from experience that when this occurs the demand makes a quick and steep spike for a short time.

As for the difference in existing Bradenton neighborhoods vs. a new home community it should be broken into two comparable's, first being your long term plan for the home and the actual sales factors.

First your long term plan will impact my opinion, for example if you will be selling the home once your child in finished school or you will use it as a vacation or second home or you decide to lease the property and how long you plan on keeping the property will have a great effect due to the fact... ...read full post

 

Barry Grooms
posted by Barry Grooms
on Mon., Nov 21st, 2011
in Barry Grooms Bradenton foreclosures RE/MAX real estate Short Sales

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