If you’ve decided that Florida real estate investment is a good strategy for your portfolio and you plan to buy a Florida investment property, the area provides you with some great alternatives.
There are several types of Florida investment property to choose from:
- Income property
Central Florida is a fast-growing area with many developments and after the recent frenzied period of construction followed by a market downturn, rental property for permanent residents in is great demand. Many former owners who lost their homes due to foreclosure are now confirmed rental candidates. The task for a property owner is to ensure that rental clients are subject to the right level of checking and validation before signing a long-term rental contract. returns have not kept pace with purchase prices.
- Short-term rental homes
Theme-park popularity has led to the development of a thriving short-term rental market – homes and condos are made available for visitors as a quality alternative to hotels / motels. Look for a property that has “something special” to make it stand out from the crowd – in an ever-more competitive market, you will need all of the advantages you can find.
Prices continue to rise as Orlando’s boundaries expand, but take care to explore the unique Florida issues before buying. Wetlands, zoning restrictions and even protected wild life are just some of the issues to deal with when looking for a Florida investment property.
Housing expansion is producing a follow-on in commercial growth. Look for up-and-coming areas where demand can only increase. Right now there is a shortage of space in developments which attract high-volume traffic (e.g. shop space next to a large supermarket). The best advice whatever your planned investment? Consult a professional if you have any concerns about the risks involved or if you have any gaps at all in your knowledge. And most of all – beware of the too-good-to-be-true: click here: Guaranteed Income Property. But if you’re ready to go, click here to search the Central Florida database and find out what’s available right now.