I never thought I’d see the day where I’m buying more property outside the state of Florida (where I’m living now) but that day has come. Florida property has had some of the highest year over year appreciation in the country, all since 2013. In the last 5 years, if you had the right property, it’s very possible that property has almost doubled in value, if you bought it right, any time before 2013. Worst case scenario, you should have at least a 50% return on your original purchase price and that’s based on paying market value in 2013! Because of this, the people making money today in South Florida are mainly builders and developers only. The small mom and pop house flippers are completely out of business. Not only can they not find anything to buy with value, but they have other hurdles in their way such as they’re paying so much for properties that they can’t rent them out and create any kind of cashflow. Therefore, who would even buy a property if you can’t rent it out and make money? Also, the market has softened to the point of a snails pace. Many people who bought and rehabbed homes to resell are now facing foreclosure themselves. I’ve seen this happen far too often, therefore, I’ve always been hedging the real estate market by constantly acquiring bargain priced properties out of state in depressed areas where I can acquire properties for pennies on the dollar simply repeating the same pattern I’ve used in Florida to make a fortune, although now, I do it nationwide. Believe me, when the Florida buyers-market returns, I’ll be here with cash in hand, ready to buy, buy, buy. For now, I have a unique little opportunity in upstate New York. It’s a small property in the middle of town that comes with mixed-used zoning. At this point, I’m looking to do an assemblage of multiple commercial lots next to me with the intent of developing a mixed-used project retail on the first floor with apartments above on floors 2, 3 and 4. This assemblage has the potential to create huge value for all involved potentially into the millions of dollars! I’m offering an opportunity to discuss investment partnerships in a new construction mixed-use project of potentially 50,000 sq ft or more. Please view the following attached photographs and contact me with any questions in reference to this property or any other.
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About The Author
- Robert Louis Annenberg Is a 40 year seasoned property owner, manager, investor, builder/developer and business man who is also an author of five published books to date (Amazon.com) and the chief editor of LifeQuestJournal.com. He can be reached at: [email protected] and (201) 289-2500.
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