GET ON IT! You’ve Almost Missed It in Florida Real Estate

By Dr. Steve Sjuggerud (Daily Wealth | Original Link)

Get on it, if you haven’t already!

Because if you don’t get on it right now, you’ll miss it.

Don’t get me wrong – you can still make great money here. Housing in Florida is still attractively priced. And I expect it will rise in price faster than just about anyone expects over the next decade. Even paying market price today is a great deal, as I will explain in a minute.

But I’m not talking about buying at market price. I’m talking about buying real estate below market…

I’ve been urging you to do this – no, beating you over the head telling you to do this – for a while now. I sincerely hope my message has gotten through.

I’ve been taking advantage of below-market deals… I bought one large property for 90% less than what it was under contract for in 2008. (I received an offer of twice what I paid for it a couple weeks later… and I turned it down!) And just last month, I bought a beach condo for about half of its CURRENT market value.

I knew the window of opportunity for below-market deals wouldn’t last forever. But I didn’t expect the end would arrive this fast…

Up until a few months ago, banks had to find someone to buy their properties – someone willing to take a risk. (The two properties I just described were previously owned by banks.) That’s because nobody else would step up to buy them. That is changing – fast.

Buyers are back!

Big investors are just now arriving, and they’re buying up everything. (The latest “buy” recommendation in my True Wealth newsletter is a company that has bought thousands of homes this year, mostly from banks and government entities.)

The latest numbers from my local area prove the buyers are back…

I live in northeast Florida. The Northeast Florida Association of Realtors just put out its latest numbers. And they are strong…

  • Home sales (closed sales) were up 19.3% in October versus October of last year.
  • Even better, pending sales were up 45% in October versus October of last year.
  • The median sales price was up 7.9% year-over-year, to $137,950.
  • Inventory of homes “plummeted,” dropping 30.5%.
  • Not many homes are available… just five months of supply – down 39% from a year ago.

This creates the perfect recipe for higher home prices here in northeast Florida.

We have extremely cheap housing (median price of $137,950)… record-low mortgage rates (below 3.4%)… and extremely tight housing supplies, while demand is increasing.

The trend is up, too. One last factor is that the rent on a rental house beats the pants off interest on money in the bank.

And this isn’t just happening in northeast Florida. The story is probably similar in your neck of the woods, too.

If you want to find a below-market deal, you’d better get out there and find it, now. The window of opportunity is closing fast.

I strongly believe you won’t go wrong in the next few years… even if you pay market price for real estate. The thing is, YOU have to do it… You have to roll your sleeves up, get out there, and find your property.

So go! What’s taking you so long? Get on it!

This is the best deal in the investment world today. Take advantage of it… now!

Good investing,

Steve

P.S. If you’re looking for exposure to U.S. housing, but you don’t want to actually purchase and manage a property, my latest True Wealth recommendation is your best bet. The company is one of the largest U.S. buyers of single-family homes. It pays a healthy dividend. And shares could soar from today’s levels. To sign up for True Wealth and gain access to my latest recommendation, click here…

Further Reading:

Steve isn’t the only one rolling up his sleeves and taking advantage of dirt-cheap real estate. Mark Ford has found a way to collect $1,250 every month from the government through his real estate deal.

And Brett Eversole is making offers on foreclosed homes and looking into becoming a landlord. It isn’t for everyone, he explains. “It requires real work. But if you’re ready to make it happen, you could earn an extra 7% ‘dividend’ every year,” he writes. “That’s a huge return in a near-zero-percent world.”

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