|
Florida
Real Estate Investments
| The
Florida real estate market is on fire. The appreciation on land and
homes in some areas have been more than 60% this past year. I have
seen entire families each place checks in a lottery drum with the
hope of being able to purchase pre-construction condos. Many determined
individuals are waiting in lines overnight for the opportunity to
buy a new home. It is totally insane. |
| You
do not have to camp out overnight, go to seminars, buy videos or risk
your savings on a fixer-upper, in order to make money in real estate.
There are many conservative (i.e., safe), easy to understand real
estate investment opportunities in Florida that can give you outstanding
returns with a very low down payment. We can help you find these opportunities.
If you
want to be alerted about new projects as soon as they are released
or have us contact you directly with information, click
here for our contact form. We do not share any information with
anyone else. The only annoying call or email you may receive will
be directly from me.
Everyone
needs a gimmick, a hook, a reason for others to do business with
them. Ours is honesty. By adopting honesty as our "gimmick"
we are almost assured that no other real estate investment advisory
company will steal it. We searched the Internet but could not find
one other web site where "honesty" was utilized. Perhaps
in the future it will catch on.
READ
OUR FLORIDA REAL ESTATE NEWSLETTER - CLICK HERE NOW
Here
are some of our current Florida real estate investment opportunities
and interesting articles on real estate investing: |
AFFORDABLE
SINGLE FAMILY HOMES IN OCALA
The
most highly leveraged Pre-Construction,
Spec Home opportunity available anywhere.
AS
LITTLE AS $4,000 OUT OF POCKET
TO BUILD A SPEC HOME*
*Costs
vary but generally are less than $5,000 total out of pocket.
For
more details on our Ocala Pre-Construction Homes, Click Here
Now
is the time to invest in Ocala
- Home prices are still affordable but going up at very fast pace.
You can sell your home after completion. But, for maximum profit,
we suggest that the homes be rented for 24 to 30 months. We have
a property manager who will rent and manage the home for you.
By
renting the home, you get the long term capital gain advantage.
This is a considerable tax savings. Or, you can do a 1031 exchange
and avoid the current tax on the gain altogether.
With
this program you are using OPM (Other People's Money) to buy real
estate. In this case it is the bank's money. They are financing
up to 99% of the cost of a lot and home. They are allowing you to
make money with their money. I cannot think of a better situation.
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CASH FLOW POSITIVE INVESTMENT IN WILTON MANORS
Yes,
you can make money with a condo (units available that are up to
$40,000 below appraisal at closing for starters with a potential
of $40,000 to $50,000 after 30 months)
Unit
rents for $1100 a month and sells for $180,000. The maintenance
is $215 and the taxes about $125 a month. Using an ARM, you can
make be cash flow neutral or positive each month.
Wilton
Manors Investment PowerPoint Presentation is Online - Click Here
to View
What
South Beach is to Miami, Wilton Manors is to Fort Lauderdale (don't
you wish you were smart enough to buy in South Beach 5 years ago)
If
you want the most conservative investment option we offer this is
it. Everything that should be there is present:
* |
Sold
below appraisal |
* |
Easy
to rent and maintain |
* |
New,
never been lived in with all new appliances, utilities, etc. |
* |
In
a proven location that is becoming more and more “upscale”. |
* |
Superior
appreciation potential |
* |
Free
management for 12 months including help with rental |
* |
Very
low number of rentals available in area (Over
25 rental inquiries in three weeks) |
* |
One
mile from Downtown Fort Lauderdale and Beach |
* |
Rapidly
growing area (the "in" place to live in Fort Lauderdale) |
| The
Safest Real Estate Investment We Offer
I speak to people every day who ask me where can I "safely"
invest in real estate. Here is an opportunity being handed
to you. This is a "text-book" example of a conservative
real estate investment where you immediately have equity beyond
your investment. We believe there is a tremendous appreciation
potential and the units might conservatively sell for $40K
to $50K more in 2 to 3 years.
This
area is becoming Broward County's South Beach or Coconut Grove.
Most of you will be telling friends "What an idiot I
was. I could have bought Wilton Manors when it was still cheap."
I tell my friends "What idiot I am, I should have bought
South Beach when it was still cheap", so don't feel bad,
we all screw up from time to time.
This
is not one of the latest condo conversions where they are
trying to dump 300 apartments at a time. There are only a
handful of these apartments on the market and very few for
rent.
The
units sell for about $189,000 (you can get them cheaper).
This is a complete conversion where they gutted the building
and put on a new roof, hurricane-proof windows, stainless
steel appliances, tile, granite counter tops, etc. By the
way, they are 2 bedroom apartments.
Most
are sold or rented. You have building with 14 to 50 apartments
in the neighborhood, not hundreds. The building behind it
is being converted and asks $200,000 pre-constrcution for
a smaller version of this apartment. They are almost sold
out.
The
building across the street is similar and the MLS asking price
for the 2 bedroom units is generally $220,000 to $250,000.
In front of it, the building is $375,00 and up. Get the picture.
If
you are new to real estate and want to not screw up your first
time out, this is the right choice. Very conservative, safe,
"bread and butter" real estate investment.
By
the way, I will help you rent it out and manage it for your
for free for the first year. Everything is new and under warranty
so it is very little work. We get requests for rentals on
these units all the time. Expected rents are between $1,000
and $1,200. Our own ad brought a number of interested parties
in the $1,100 a month range.
Call
me for more information |
Please
go to our new Wilton Manors Real Estate page now.
|
Standard
Caveat
I try to help
my clients find safe, "bread and butter" properties that
will give them outstanding returns with minimum risk. I choose investments
as if they were for myself. That said, it is important to note that
while real estate carries far less risk than stocks, mutual funds,
etc., I cannot guarantee your returns.
All
investments carry risk. If you want a sure thing, I suggest a CD
at your local bank or I can offer you an annuity with a guaranteed
return.
While other
realtors might bait you with false claims and hint at completely
absurd appreciation rates, I try to "keep it real". I
have the ability to make you a lot of money without feeding you
bullshit about overnight riches. You must be a little patient.
Do not hesitate
to ask a lot of questions. I want you to learn as you invest. Also,
please see a tax advisor for tax advice and a lawyer for legal advice.
That is, if you can find one who understands real estate investing.
Now that we
have that out of the way, you can keep on reading through this site. |
Central Florida has been experiencing a 27-32%
price increase each year. |
Mt
Dora - Lake County (above average appreciation potential)
Here is a project that the salespeople in our agency are buying
for themselves. The city, the development and the numbers
are all on target. I have created a separate page to describe
this project.
It requires
more of a down-payment than our Ocala investments. However,
I like it more than anything else I have come across in Florida.
It is not for everyone, but those who have already invested
in this project are seeing steady appreciation and will have
a superior return.
Click
For Mt Dora Pre-Construction Details |
|
Condo
Conversion Projects with 95% financing
Condo
conversions can be an excellent way to begin investing in
real estate. With a higher down payment you can obtain a positive
cash flow, build equity and enjoy the rewards of an appreciating
market.
Condos
are not for someone who wants to quickly flip properties.
To win in the condo game you need to hold your units for a
few years, collect your rent, take your tax deductions and
build appreciation and equity. Over time you can have a number
of apartments in different areas of Florida building wealth
for you.
Developers
are offering incentives such as:
-
Two year rent guarantees
- Bonus money paid on closing
- Free Home Owners Association dues for up to two years
- Paid closing costs
- Free property management
With
these types of perks, condo conversions become a viable real
estate investment alternative.
Read
more about it on our Florida
condo conversion information page. |
|
|
Article
List
We have a growing
list of articles on real estate investing. In most instances we
try to use current Florida real estate opportunities as illustrations
to make the information more relevant. As always you can call and
talk with us to get more information on anything you read or just
to get some free advice. We have a sampling of some of the articles
on this page so continue to read on.
Solo
401K Plans for Real Estate Investments - Invest in
real estate with your own 401K and defer the tax on your gain. You
will never need 1031 exchanges and you can even borrow money from
your plan.
The
Real Truth About Flipping Real Estate in Florida -
Can it still be done? To be precise - yes and no. Read about how
you can make money a little faster.
Income
and Safety with Office Condos - Earn 6% income with
20% appreciation and enjoy the safety of a managed commercial real
estate investment.
|
 |
Want
to Learn How To "Flip" Properties and Make Fast
Money?
If you
do, you need to work with someone else. I honestly do not
know how to make fast, easy money in real estate. If you go
to enough Internet sites I am sure you will find someone who
will tell you what you want to hear. There are plenty of Cinderella
stories on the TV infomercial's.
Do not
get me wrong, my clients make a lot of money buying and selling
real estate.They build or buy homes in fast appreciating areas
and turn them over every few years. Nothing fancy, nothing
very risky. Mostly, affordable housing that has a waiting
market to sell to.
If you
have just spent a fortune on videos, seminars and manuals,
I am sorry to "bust your real estate bubble" (I
could not resist that one). If you are broke and have lousy
credit I cannot help you. If you have money and lousy credit
we should still talk.
The theme
of this site is Conservative Real Estate Investments. That
is what I do. You do not have to eat dog food at retirement.
Call me. I do not charge any fees and I can talk endlessly
about real estate investing. It is a personal passion.
For
my full article on Flipping Real Estate in Florida, click
here |
|
Office
Condos - A Conservative Income Producing Investment
Tell me if this
describes your situation:
1. You would
like a real estate investment that throws off income from day one.
2. In addition to income, you still want appreciation.
3. You don't want to go hunting around for tenants.
4. You would like solid tenants on long leases.
5. Commercial tenants would be nice with good financial credentials
6. You would like to see all the numbers before you invest. No surprises.
You can accomplish
all of the above with Office Condos.
If you have
IRA, 401K or any sums of money that are in under performing assets,
then you should consider purchasing office condos.
You will have
a positive cash flow and appreciation with relatively low risks.
This is how you get income and still increase your principle. A
fantastic investment for someone looking to retire who does not
want to run out of money.
Office
Condos - the Full Details - Click Here |
Leverage
Albert Einstein said compound interest is the greatest mathematical
discovery of
all time, not E=mc2. I say bull. Leverage is the most important
mathematical discovery of all time.
Financial planners
try to get you excited over investments that in their best years
might earn 7% and at other times nothing or less than nothing. They
wax on an on about the compounding effect. Give me a break.
How about putting
down $5000 and owning a $350,000 house that goes up 10% a year.
What does that come to? You get the idea.
It is
all about the numbers, not the color of the kitchen or bidets in
the bathroom. Real estate investing is not about what you like.
It is about controlling an expensive property with a small amount
of money. The pros know it very well and over time you will realize
it too. Once you understand this basic principle, you will be able
to make a lot of money.
We are real
estate investors. We make our profits on the full value of the property.
Not the relatively small down payment. We are using the bank's money
not ours. We have leverage and the financial salespeople have compounding.
Ours is bigger.
The understanding
of leverage is the key to real estate investing. This is essentially
what is meant by OPM - Other People's Money. |
 |
A
Special Note
I work with investors from all over the world. The
real estate market is such that you do not usually have a
lot of time to consider an available property. Sometimes there
are pre-construction projects with more lead time but they
are the exception.
Even if
you visit an area and work with me to pick out a lot, I might
have to make offers on several different lots before I can
get one for you. We will come to a point where you are going
to have to trust me.
I find
this to be personally disturbing, which might surprise you.
But, real estate investing is to a great extent about timing.
There will be opportunities that have longer lead times, but
not always. Plus, if you are in New Jersey, Iowa or Japan,
you are not jumping on a plane to look at a piece of property
each time I send you an email. Although, I can think of worse
places to visit. So, I want to address this up front.
1. I am
a licensed realtor working for a licensed broker. Florida
is very strict when it comes to real estate. The oversight
on our activities is very intensive. There are numerous Florida
statutes, case law and the Florida Real Estate Commission
(FREC) looking over my shoulder.
2. You
will never, ever pay me anything. Checks are always made out
to and deposited in the accounts of title companies, attorneys
and real estate development companies. I do not want to handle
money and prefer it goes directly into an escrow account.
3. You
will use title insurance and would be a fool not to. Pre-construction
projects have Builder's Risk insurance.
4. Banks
will not disperse funds to a builder without an inspection
and then only as the building progresses.
5. We
do appraisals for everything. These are honest estimates of
current value. They are not my appraisers. The bank selects
and rotates their appraisers.
6. I will not give you the names and telephone numbers of
my clients. The fact that someone made money on a Cape Coral
deal two years ago has no relevance to today's market. There
are many who take credit for past markets. I think it is dishonest
to do so. Each market is different and you need to evaluate
an opportunity on its own merits. Any reference that anybody
gives to you is pre-screened and rehearsed.
What is
a reference worth? Did I hear you say "absolutely nothing"?
I think you are getting the hang of it.
In the meantime, ask a lot of questions, read what I send
you and learn as much as you can. The more you know, the easier
it is for me. Over time you will become progressively more
comfortable. |
|
Real
Estate IRA
Did you know
that you can use your IRA, 401K, 403B or any qualified investment
plan to invest in real estate? Even many financial planners have
no idea that you can use these funds for real estate investments.
You can even buy a business with your IRA.
Of course, it
would not be in the best interest of your financial planner to see
your funds leave their control. So, those who do know about like
to keep it quiet.
Read about how
you can trade in your high risk stocks for the security of real
estate and supercharge your IRA. Real
Estate IRA's - the complete article. |
 |
It's
About Timing
A lot
of my investors cannot get over the fact that you do not have
weeks or even very many days to make up your mind about a
lot or a house.
Time and
time again I find someone a great lot for a great price. They
then try to lowball the seller or hold off on their decision
for days. Then they call and tell me to get them the lot.
Guess what? It's gone. The market went right past you. Someone
who was quicker on their feet bought the lot.
My builders
raise their prices constantly. Take your time but when you
come back to me a month later, the house might be $5,000 more.
You will still make money - but you could have made more.
I know
that investing in real estate is not an easy decision for
many people. If you are not comfortable with it, do not do
it. It does not make you a bad person. A little poorer than
the next guy, but not a bad person.
Seriously,
I have investments that require a bit more down payment that
might make you feel more comfortable. You will make a little
less but still do quite well. Again, you will need more out
of pocket to do them.
Talk to
me about risk. Much to the displeasure of my associates, I
will tell you were all the mines are buried. |
|
Martin
Unger
Real Estate Investments
- Pre-Construction
- Spec Homes
- Condos
- New Homes
- Land
- Relocation |
954
- 255-5056 (office)
954 - 461-0319 (cell)
775-254-2881 (fax)
(an
associate of London Realty Corp)
9000 Sheridan Street
Suite 90
Pembroke Pines, FL 33024 |
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|
The information on this web site is provided as a guide
for general informational purposes only and is not intended to be tax
or legal advice. It is deemed reliable but not guaranteed. Please consult
with your own attorney, tax advisor and/or accountant for specific advice.
Martin Unger is a licensed sales associate in the state of Florida and
works with London Realty Corp. |
