As investors we make adjustments in our strategies The Pre-Construction market because of Hurricane Katrina will see tremendous increases in prices. Builders have already started to increase pricing at a rate that doesn't make it very attractive to Investors like ourselves!
We`re not interested at this moment to allow a Builder to hold our deposit money for over a year and in some cases two years and not be able to complete the community at the original pricing that we thought we were investing in.
We feel that the materials needed to build will continue to increase at an alarming rate!
Builders will pass on the costs to the Buyers. They`re placing in their contracts "ESCALATION CLAUSES" that gives them the right to raise initial pricing as much as 50% from our original purchase price. Too Risky for my taste and I`m sure yours!
Therefore, I`ve been concentrating on Condo Conversions instead. The reason is very simple. The conversions that we look at are located in excellent area`s. The properties are Never Older than 4 years old! There are no Investor Restrictions and we mainly will hold for 1 year!
The average profit we make on a conversion is $25,0000-$30,000. As you realize this is a great ROI on our investment!
If you`d like more information on Condo Conversions in Tampa, Orlando,Jacksonville, Ft. Myers, Cape Coral and Naples. Please let us know.
About The Scott Daniels Real Estate Group and Florida List For Less Realty,Inc.
- Florida List For Less Realty, Inc.
- Cooper City,Ocala, Florida, United States
- Buying a Home has never been easier! Buying a home is an exciting and complex adventure. It can also be a very time-consuming and costly one if you're not familiar with all aspects of the process, and don't have all the best information and resources at hand. We use the latest technology for you to search the IDX/MLS. Visit our web site www.listfloridahomes.com From the comforts of your home, just "point and click" homes you wish to view. We pride ourselves with new technological platforms which make the entire home buying process simple and easy! Our comprehensive, high-quality services can save you time and money, as well as make the experience more enjoyable and less stressful.
