The Florida Keys are one of Americas Top Investment areas

KEY WEST, Fla. - Nov. 3, 2014 - PRLog -- Per Fred Mullins, Top Producing Member of Team Mullins at Coldwell Banker Schmitt, "Between 810,000 and 1,00,000 visitors come to the Florida Keys every year. Such a large number means a lot of money generated from tourism, which is great for the local economy. What’s also good for the local economy is that the islands are also attracting property investors.

Those investors are buying real estate in the Keys because they know it won’t depreciate and is practically immune to stagnation precisely because of the location. Even during the economic downturn, the Florida Keys attracted more than 800,000 visitors, people who spend money.

Why the Keys are a Good Real Estate Investment

Though most of the people who purchase a home in the Keys come from somewhere in the continental United States, there is also a sizeable percentage which come from places like Canada, the United Kingdom, Asia, and Europe.

These savvy investors buy real property in the area because it just makes financial sense to do so, with land at a premium and steady upward property appreciation. Even those who don’t pay cash see their investment pay-off because of their equity. In addition, many investors chose to rent their properties when at home. That brings a steady cash flow and of course, offsets the mortgage, covers the home loan cost, or actually makes a nice profit.

There are several reasons investors are attracted to the Keys, one being it’s a place to retire when the time comes. Another reason is the low property taxes and tax deductions they can take advantage of come April. What’s more, they have a dedicated place to stay when on vacation.

Fred Mullins has more than 16 years of cross functional experience in real estate, international asset management and construction management. He has been a part of the management team for several Fortune 100 companies, including AT&T, Visa, FPL and C. B. Richard Ellis.

His responsibilities have included real estate / property management portfolios of more than 9 million square ft. and international responsibilities in more than 10 countries.

Fred holds an MBA, B.S., real estate license, mortgage broker’s license, USCG Master Captains license and commercial pilot’s license and is the owner of www.lowerkeys-homes.com serving the lower Florida Keys.