How To Maximise Property Profits In The USA

Florida PropertyThe world is full of stories of those who wish they had invested in something years back. Some people will say “If only I hadn’t missed the opportunity that was right there under my nose.” I myself had one of those opportunities when I was young, unfortunately it came too soon and I wasn’t ready.

My uncle needed to sell his property and five acres of land in a hurry, which was why he was willing to accept the first reasonable offer that came along.

The offer duly arrived from a property development company who saw the potential of buying a plot of land for a little over £150,000 which would be worth more than ten times that amount. They wasted no time demolishing the old house that had stood there for more than 100 years and built a housing estate.

By the time it was finished, each of the four bedroom properties was put on the market for £250,000.

There were several reasons why I chose not to act back then; the risk of something going wrong, getting a mortgage or even qualifying for one at such a young age, to name but a few. When I look back on that time however, I see a missed opportunity because I didn’t see what was right there under my nose.

Investing in property or land can of course be a gamble for the inexperienced, however if a market is growing and supply is not keeping up with demand, then this risk is vastly reduced. It is also less of a risk if you know that the investment you make will almost certainly be worth more in the long term because it is just so undervalued.

So when I look at Florida property at the moment, I see an opportunity to invest at a very low risk because I see low prices, high demand and a growing market, particularly when it comes to Miami Property.

Most importantly I see an established mature market with plenty of tenants, many already in place to cover the costs of ownership.

Miami property therefore pays for itself.

According to the Miami Association of Realtors property sales in Miami have risen by 40 per cent in the last year which proves that demand is high. We also know that the city is struggling with stock levels as investors from Brazil and other countries arrive in increasing numbers.

Miami is also experiencing a surge in demand for hotel properties on Miami Beach according to the New York Times. This is only adding to the pressure on land values which are also feeding into the cycle of growth we are now seeing.

So if you are looking to maximise your property profit, it is worth taking a calculated gamble on cities like Miami where the median sales price for a single family property in Miami-Dade County rose 5.06% in the third quarter of 2012.

Meanwhile the median sales price for condominiums increased by 28% year on year.

If ultra-low mortgage rates continue to remain as they are, then it is only a matter of time before prices rise to the point where we see homeowners entering the market in greater numbers as property prices reach a level where it becomes a sellers’ market. By then it will be too late.

At the moment it is cash buyers rather than borrowers who are boosting the market and buying up limited stock, which is why maximising your property profits in the USA means investing in Miami tenanted property now, before it’s too late.

Have you ever had an opportunity to get rich and then missed out? Please leave your comments below.


Kind Regards
Brett Tudor