There a ton of cash-flow properties here that never existed in Florida. I always suggest investing in waterfront properties. As Oprah said once on her show about investing in Hawaii waterfront property "GODS NOT MAKING ANYMORE." The same holds true for Florida. I see so many of my novice investors who make crucial and costly mistakes, they buy inland properties not waterfront. When the market rebounds thats when they will remember what I advised.
The best Selling Author Robert Kiyosaki who wrote Rich Dad Poor Dad, has been preaching for years on when to buy and sell. Still most people wait until they can buy and flip for instant gratification. Hence the bubble that recently past. Successful investors buy low and wait. And sometimes keep waiting but they always sell high. They recognize a deal and have patience. For some reason most humans like the get rich schemes much better. And they end up getting caught with there pants down. When now is definitely the time to buy most will wait until the market starts to turn and want to kick themselves for not listening. The best advice I have for the day is buy waterfront that cash-flows you cant go wrong!
Another avenue to take is purchasing HUD homes.
Here is a list of benefits when purchasing a HUD home:
*A real estate broker will prepare and submit your offer and deposit for you without charging you.
*HUD pays up to 5 percent of the closing costs, saving you thousands.
*You can move in faster if you purchase a HUD home eligible for FHA-insured mortgage because it has already been appraised.
*HUD homes may be eligible for repair loans built into the mortgage and buyers may qualify for 3 percent down payments.
