Many of my clients have been asking me about where I think their money is best spent in the current real estate market. Certainly where to spend your hard earned money/savings, is a personal decision that will depend greatly upon the type of use/investment/returns you are looking for.
We have clients who are speculative by nature, therefore, now is a great time to shop for bargains from specifically motivated sellers. There are currently some opportunities both in land deals, as well as residential homes and condos, whose sellers are either motivated due to ties to the US economy, or perhaps already achieved their profit margins and are willing to sell at very attractive prices. Other clients, who are looking for a more conservative investment, with solid cash flow, are more often seeking turn key, cash cows, with a solid history such as vacation homes for rent, or hotels.
These opportunities provide real estate investors with a "real" gaurantee, even in the worst of times, in addition to the IMMEDIATE ROI the day that the transaction is closed. Investors here are not looking for 200% returns, but rather a solid 10% cap rate, in addition to the opportunity to improve the current operation either via expansion, efficiency, higher occupancy rates, etc... There are dozens of these opportunities currently on the market, and a handful which are truly difficult to pass up, which provide strong revenues, turn key management and staff, high occupancy rates, excellent historic reputation and the opportunity to improve.
If you are interested in more, feel free to contact me for more information....
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