I read an interesting little article today on realtytrac, which is very similar to the philosophy Torcana have been following in Florida these past 2 years. I´ve summarised the main points below.

“Buy low. Rent smart. Sell high.” It should be every real estate investor’s mantra in today’s market. It is for investor, author and educator Andy Heller.

“I think the entire country right now is for sale,” said Heller, who recently founded the newly launched social networking website RealtyJoin. “A few areas are marginally better because they experienced greater falloff, so they have greater growth potential.”

To Heller’s way of thinking, the best strategy for investing in real estate today comes down to three ingredients: buying at a significant discount, buying the right type of property to attract the types of tenants you want to rent to, and lastly…location.

“To me, for investors the bigger issue – as opposed to what parts of the country are better than others – is all parts of the country are great so long as you can buy low enough,” added Heller. “ Today the investor should be buying property between 30 and 60 percent off.”

Based on data from RealtyTrac, National Association of Realtors (NAR) and Bureau of Labor Statistics (BLS), all of the metro areas on the list below had an average discount of at least 35 percent on foreclosure purchases, positive year-over-year growth in median home prices and relatively low unemployment rates.

If you´d like to see how to apply these principles to our newest investments, please get in touch with us today.

Kind Regards

Colin

Tags: Florida Property Investment, Torcana

This entry was posted on Friday, July 9th, 2010 at 2:38 pm and is filed under USA Property. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.