Florida and Las Vegas Real Estate Opportunities

People can not believe it

This is probably the largest factor when people talk about the Florida (i.e. Orlando, Miami, and Ft. Lauderdale) investment real estate bubble popping. People just can not believe it is going so well. It is natural for people to think negatively when something is doing well. Although, the Florida investment market has many large corporations spending a lot of money estimating how long this market will continue to grow. There are many factors to look at when you are guessing how long a market has for growth. The current standing is the experts are predicting at least another five to seven years of steady growth in Florida. From these estimates I can assure you the market is booming and not going to taper off over night.

The profound expert factor

These people take every opportunity to say the exact opposite of the status quo. Trying to make themselves out as intellectuals that think outside box, these people consider themselves experts. These ‘experts’ are not just in the investment real estate industry, they are everywhere. As long as there is a sure thing that is common knowledge there will always be someone saying the opposite in hopes to make a name for themselves.  Do not follow every negative you hear. As with every investment, there is risk associated with them; do not let these ‘experts’ delay your opportunity.
           
Example:
"Although it appears that on average people are living longer, I think in a few decades people's life spans will decrease due to the fact we drink more diary then are bodies were designed to." - A Profound Expert

The truth is. in every industry you have people that are going to say the exact opposite of what's happening.  These individuals call themselves gurus in the process; this is just another part of life.

It is not the investors talking

You ever notice that most of the people that give real estate advice do not actually invest in real estate themselves? I always chuckle when someone with no real estate investing experience explains the future of my industry to me. It is always very dramatic with huge twists and unexpected turns. I've been in the real estate investing industry for more then a decade and I have seen very few unexpected turns. Truth is that most of the investors know when to buy and when to sell. On the other hand, it is these weekend warriors that get slammed with the truth months later; when they read about it in the local paper.
In the Florida investment real estate industry the changes are usually slow and avoidable as long as you are with the right brokerage that stays current with the market.

Agents eliminating the competition

If your job is selling investment real estate opportunities to investors are you going to encourage competition into your market? This may result in you getting fewer clients. Real estate agents are very aware that the more agents there are in the business, the less sales they can achieve. Unless you are working for in a firm do not expect accurate real estate advice from these agents.

Look at it this way; if you are "friends" with a real estate agent he already looks to you as a lead. This is how a real estate agent makes his living. If you get into the real estate industry you (and your friends) are no longer leads, they are actually competition. If you become an agent in the real estate, friends in the same market are no longer friends; but rather they are competition.  This is a very competitive market and is only successful to those who can put in the hard work needed.

Investors eliminating the competition

Now imagine you're a real estate investor buying preconstruction real estate opportunities in Florida. It is becoming harder and harder because of all the new investors entering the market. Do you really want to start telling other people that Florida investment real estate properties are very profitable right now? The answer is no; almost every serious investor I have met keeps their investment opportunities to themselves, unless they profit from it. Since a high rate of competition exists in this market the only way to get ahead is to keep to yourself.

Investors are business people first and foremost. If you're not paying them for their advice chances are it is not solid advice. I remember investors that were very willing to give out super secret stock tips as long as by you investing in the stock made their shares go up.  I am quite the opposite, I want you to invest with me but I can not hold you back from taking your decision elsewhere. If you need advice do not hesitate to call or email me with your questions.

If you ever have a question about a specific preconstruction project or development in this market, particularly the Florida and Las Vegas markets, feel free to contact YAERD at 1-877-923-7370.  I am here to give you my honest advice on any project in this market.

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