Buying Property In Florida: The Florida Property For Sale Complete Guide

Learn how the purchase process works, search Florida property for sale listings, free

  • Home
  • Buying
  • Search
  • About Us
  • Contact

The Myths Of Guaranteed Investment Property

You’ve probably seen web pages with enticing offers about guaranteed investment property in Florida:

Double your money in two years!

Let the renters pay for your second home!

Pay us $5,000 up front now you’ll get $50,000 in rentals!

dollarbag

Well, we can’t over-stress this:

Watch out – if it seems too good to be true, it probably is!

Florida is a great place to buy a piece of real estate, and guaranteed investment property is a fabulous goal – but you need to be more wary about these offers than almost any other purchase you’ve ever entered into.

Need more convincing? Here is an extract from the Orlando Sentinel on April 29th 2006:

Kissimmee attorney receives 5 years in prison

A suspended Kissimmee attorney has been sentenced to five years in prison for his participation in a fraudulent investment scheme.

S. Craig Wakefield must pay victims more than $220,000 in restitution after pleading guilty to one count of racketeering and a count of securities and investment fraud.
Wakefield . . . . solicited investors from all over the country, telling them they would receive a “guaranteed” return of 10 percent to 12 percent on their investments. Wakefield and his accomplices collected more than $376,000, but the victims never received promised returns.

This is just one example. Nearly 10 years on from that example, the risks are just the same and the promises just as disingenuous.

Need more convincing?  Well, don’t take our word, how about the US government.  Check out this SEC web page that includes the fairly plain advice:

Be highly suspicious of any “guaranteed” investment opportunity.

This is targeting financial and stocks and shares schemes, but the principles are equally as valid for real estate investment.  And when it comes to Florida, we’ve seen many otherwise-careful buyers suspend their judgement because of the lures of the the sun and the lifestyle.

So . . . . you have been warned!

We strongly believe that, whether it’s Florida investment property, company shares or whatever, the promise of guaranteed income is more than likely a high-risk lure.  And that’s whether you are talking to an attorney, a Realtor or anyone. We also believe that it’s illegal under Florida law – but do let us know if we’re wrong on that!

Pages In This Section

  1. Investing In Florida Real Estate
  2. Pros & Cons - Florida Investment In Real Estate
  3. Florida Property Investment Options
  4. Florida Real Estate Investing: Leaseback
  5. Myths Of Guaranteed Investment Property
  6. Orlando Florida Real Estate: Types Of Property
  7. Orlando Investment Property: Types Of Estate

Quick Search

Try Our Quick Search

Featured Community: Reunion Detached Homes

Some Background

About Us
Testimonials
Privacy Policy
 
© Copyright 2006-2019 Florida Real Estate Wizards Inc.
ADDRESS: 14900 E Orange Lake Blvd #388, Kissimmee, Florida, 34747, USA | TEL: 001-407-908-8023
Florida Real Estate Wizards
Florida Property Specialists

Communities to View

  • Festival
  • Formosa Gardens
  • Providence
  • Reunion
  • Serenity
  • Solterra
  • The Dales at West Haven
  • Veranda Palms
  • Watersong
  • Windsor at Westside

Archives

Financing Florida Villas For Sale
"Do You Fancy Buying A Vacation Home"
Buying Basics - UK vs Florida
Florida Real Estate Information
Florida Homes For Sale Questions
Florida Property Pictures

· Buying Florida Property ©2017

Copyright © 2022 · Curb Appeal Evolved on Genesis Framework · WordPress · Log in