Is the Florida real estate market aligning with the goals of ITS? We have a real estate fund that all members are responsible for contributing to on a monthly basis. The goal is to be ready to invest in real estate in about 1 year. We have to pursue real estate in this manner because our pockets are just not deep enough to enter into any deals now. It turns out that the Florida real estate market is expected . “>to stabilize in 2012 according to the New York Times. Could that be just in time for ITS to invest or will it be too late for us? A number of brave souls are currently investing in the excess real estate inventory in Florida, improving their buys and hoping to sell for a profit. Some have already found success but it seems that the majority will have to hold on to their properties for the long term before turning a profit. The question is will we have missed the opportunity to invest by 2012? Will we have missed the chance to get in at reasonable prices? On the other hand, the sheer volume of available real estate in Florida may mean that a real estate comeback in Florida is not on the horizon…
I personally don’t believe that we will have missed our opportunity. There is such an abundance of investment properties all over, that I am sure we will find the right one. I also do not believe that Florida is going to rebound the way people are expecting. Let’s face it folks, times are hard for many people and I don’t see things turning around that fast.