Investment Property for Sale in Florida’s Growing Market
Today I’m answering your question about investment property for sale in Florida. I’m Ted Thomas, and I‘ve been involved as an entrepreneur in real estate for more than 30 years.
If you want to learn how to make money in Florida real estate, you picked the right place. I’ve lived and worked in Florida for the past 20 years.
In that period of time, Florida has grown by more than 3 million new residents. Approximately 1,000 new residents move to Florida each day, and over 80,000 new jobs are created in Florida each year. It’s now the third most populated state behind California and Texas.
Want to learn how to purchase bargain real estate? Would you like to buy mortgage-free property for pennies on the dollar? Or earn double-digit interest rates secured by real estate? Then you don’t want to miss this FREE Mini Course.
Florida Investment Property Is a Lucrative Market
The largest markets are in Miami, Fort Lauderdale, and West Palm Beach where the population is over 6 million, followed by Tampa, St. Petersburg, and Clearwater with over 3 million, and the Orlando, Kissimmee, and Sandford metro with 2.5 million. Jacksonville is also considered a metro area with 1.5 million.
Now, let’s talk about investment property for sale in Florida. Is buying investment property in Florida a good idea?
In the past year, single-family homes in Florida showed price increases that surpassed 17%. Deeper research reveals rentals have become very expensive. For example, a 3-2 in the Miami area could be $3,800 and considerably less in Tampa or Orlando at $2,050. Buying property in Florida has proven to be a lucrative investment over the past decade.
What’s the big attraction? To start off with, the weather is excellent, and if you like beaches, no state has more beaches than the state of Florida. Tourists approach Florida from international markets as well as the rest of the United States.
Real estate works for investors in Florida. The population is growing, and taxes are low. There is no state income tax, and the government is pro-growth.
Many consider Florida a tropical paradise. Obviously, that attracts newcomers which causes more building, more growth and more profits in Florida real estate.
A Case Study of Alternative Real Estate Investing in Florida
Many are living in a case history of what can happen in good markets. I’m watching my students start out with basic properties, and they’re making a fortune reselling them.
Yes, they’re taking coaching from experts who are telling them what to do, but most of them are purchasing in a subset of the traditional real estate market, which I’ll explain in just a moment.
Where is a good place to buy property in Florida? A recent student purchased a property that was unwanted by the prior owner who refused to pay property taxes. The student followed a step-by-step process for purchasing the property at a tax-defaulted auction, also called a tax sale.
It was a home that was in disrepair, and the tax assessor valued the property at just under $100,000. Because the owner did not pay property taxes, the property was sold at a public auction for only $9,000.
Sounds good doesn’t it? Well, it gets better because Zillow also had a Zestimate of over $250,000!
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Investment Property for Sale in Florida for Cents on the Dollar
In life, you don’t know what you don’t know. So let me take a minute to describe a purchase of investment property for sale in Florida for pennies on the dollar that will easily make the purchaser a six-figure income.
You could be doing the same exact process. It’s legal and ethical. It’s part-time work yet it’s full-time money. Yes, there is a learning curve. Here are the details.
30-years ago, I discovered a little-known but highly lucrative business that others have been practicing and generating large profits from for hundreds of years.
The discovery is a subset of the traditional real estate business with one big difference, the property owners have defaulted on the payment of property taxes.
For example, a property may have a tax assessed value of close to $100,000 but the treasurer will sell it for close to the back taxes at $10,000. That’s 10 cents on the dollar. Tax auctions also allow the treasurer of the county to wipe out any mortgage or deed of trust loan.
Buying Investment Property in Florida at a Tax Sale
The legislature of all 50 states has statutes on the books that require property owners to pay property tax. If the property owner fails to pay the tax, then the treasurer will put the property in default and confiscate it.
The treasurer will seize the property and then resell it at a public auction where starting bids are as low as the back taxes. Therefore, the expected bid price could be discounted by 60%, 70%, or 80% below the tax assessed value.
The county does not want the property; they want the revenue to pay county employees, police department, fire department, school teachers, and many other county bills.
Tax defaulted auctions take place in all 3,000+ counties across the United States. Counties with small populations will have dozens, sometimes hundreds, of properties to auction. Large population counties in cities like Fort Lauderdale, will have hundreds, and in some instances, thousands of properties to auction.
Earning Big Profits Investing in Florida Real Estate
My students are buying for pennies on the dollar and selling for big numbers. Imagine buying real estate for 10-20 cents on the dollar and selling for as much as possible.
Auction buyers receive deeds to the property, however, they can hold the deed and sell with a contract of sale or an option to purchase and do so without giving up the title.
Getting back to our auction buyer, the purchase price was $9,000. The student immediately began the selling process and received an offer and a contract with a $5,000 down payment and an option to buy for $170,000 one year later.
We hope you enjoyed Ted’s lesson, “Investment Property for Sale in Florida”
You can get investment property for sale in Florida for pennies on the dollar at a tax defaulted property auction, and the properties are sold mortgage-free!
If you’d like to know more about tax delinquent real estate investing, Ted Thomas provides full support and complete training with home study courses, Q&A webinars, live tutorials, workshops, web classes, and personal coaching with certified coaches.
You can learn how to reap the huge rewards from tax lien and tax defaulted property investing! Get started today by taking advantage of Ted’s Free Master Class! Act now, it costs you nothing and will give you a big head start!
Ted Thomas is America’s Leading Authority on Tax Lien Certificates and Tax Deed Auctions, as well as a publisher and author of more than 30 books. His guidebooks on Real Estate have sold in four corners of the world. He has been teaching people just like you for over 30 years how to buy houses in good neighborhoods for pennies on the dollar. He teaches how to create wealth with minimum risk and easy-to-learn methods.