The investors are back in Sarasota.
After a 3 year hiatus, the front runners - those investors who come back buying before the general population - have been here in Sarasota for months.
While I do agree heartily with investing in Sarasota property right now, I have to throw in this caveat - buy NOW. Sell later.
Flipping of property, or buying/rehabbing/reselling, is still very risky business. The "general" buyers are still making their way into the market. Not to mention, prices are still low.
Given the ability to purchase homes well under market value, the smart investors are buying now, at the bottom...renting the property for a year or more to allow market recovery while collecting income...and then planning to sell at that time.
Investing in real estate is always smart - you just need to know how to read the market for your maximum benefit.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment