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For some reason I am under an impression that one should be cautious when investing in Florida. I am not sure where I’ve got that impression. The only thing I am seeing is that property tax in Florida is awfully high. Can you guys who are familiar with the markets in Florida shed some light on the pitfalls or points one needs to take to heart when investing in Florida?
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I am in Florida for a few days and the property taxes are not unusual? In Palm beach county there are lots of Condos and the taxes are under $3K as oppose to NY state where I live. I used to pay $4800 a year for an average rasied ranch.
We have no state income tax. Their are 153 permanent residents per day moving into Central Florida. When you come to Florida bring all your $10s and $20s. Email me if I can help…I do commercial real estate and everything is 100% leased and occupied.
WELL I CAN TELL YOU THIS WHILE TAXES ARE HIGH IN FLORIDA THAT IS GOOD TO KEEP THE UNDESIERABLE PEOPLE AWAY. ANOTHER THING IS PROPERTY VALUES HAVE GONE UP MORE IN FLORIDA THAN ALMOST ANYWHERE ELSE IN THE UNITED STATES. THE KEY IS TO KNOW WHERE TO INVEST IN FLORIDA. THERE ARE PLACES WHERE THERE IS ABSOLUTLEY NOTHING THOSE ARE THE PLACES YOU SEE ADVERTISED ON INFOMERTIALS. BUT EVERY STATE HAS THOSE AREAS.
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Re: investing in Florida - Posted by Ronnie Torguson
Posted by Ronnie Torguson on September 27, 2004 at 23:10:49:
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I am interested in real estate investment. I am in southern california, and the real estate price is crazy here. Is there any good value for investment in small apartment building or single family, etc, in Florida? Let me know if you can help me to find these properties.
I have a great office building in Florida for sale
Sales Price $895,000
Actual Income in 2003
Gross Revenues 195,276
Expenses 104,108
NOI 91,168
Projected Income for 2004
Gross Revenues 260,481
Less Vacancy 24,570
Eff. Gross Income 235,911
Expenses 112,805
NOI 123,105
Also owner is willing to finance up to half the purchase price. The reason the owner is selling she is out of state and has no one to take care of the property.
Re: investing in Florida - Posted by Pat Jordanger
Posted by Pat Jordanger on November 16, 2004 at 24:50:17:
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