Continued from page 1
Now if you are familiar with Florida real estate of yesteryear, you would have to assume that most of this population growth is from fixed, low income, retirees that are coming into state. Wrong again. Today, and in foreseeable future, you actually have very wealthy individuals coming into state, possibly for long term retirement. The difference is they have lots of money, are willing to spend it, and are accustomed to nice life styles.
Whenever there is money flowing, then you obviously create business opportunities and job growth. As a consequence, many locations in Florida are exploding within 20-40 year old age group. With this kind of real world demand floating around, opportunities are endless for savvy Florida real estate investors.
Of course, you can not just blindly make investment choices, especially if you live outside of state. Some areas have become investor dominated and could be a bit scary in shorter time scale. Over longer time scale however, future looks very bright, especially in area of land investments and affordable housing.
In Learning Annex class in NYC, my suggestion to investors interested in Florida real estate is either learn how they can use preconstruction investing to easily make investments in Florida or else move and get involved in more active investing styles. For preconstruction investing, trick is to 1) find an emerging area poised to explode, 2) find a project within that area that is high demand and is in preconstruction, 3) ride appreciation curve while you may not even own (yet) property. People have made money by boatload over last few years doing exactly that and "aw shucks, we only have another 15+ years to go before it runs out".
Now do you want really good news? This is not just limited to Florida real estate! In our group, we are making multiple investments in many locales all being driven by baby boomer shift and its far reaching impacts. In my opinion, if you want real estate investing to be a major factor in your financial future, learn what boomers want and then buy in front of them.
Dr. Chris Anderson is a co-founder of www.GetPreconstructionDeals.com and is referenced in many venues including the New York Times and USA Today. Download his free, 30+ page preconstruction investing ebook today at Get Preconstruction e-Book