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Thursday, July 19, 2012

Investment Property in Brevard County, Florida - Flippers are not likely these days….

Most investors are dreamers these days if they are thinking flip quick, make money!

Back in the day when property was appreciating at unnatural rates (five or six years ago) anyone could make money by flipping (purchase, repair and re-sale) real estate.

Many times it was a matter of performing cosmetic things - paint, carpet, new appliances - nothing structural.

But in today's market with the inventory down and rental rates increasing, investors seem to be going down the purchase and hold pathway.

As for foreclosures on the market in Brevard County, Florida....They are out there (135 as of today single family units) priced from $24,900 to over $400,000.  There are only 52 foreclosure condos on the market as well.

The foreclosures I have seen are in need of  extensive work (or money) to either sell or put on the market as a rental property.

But, with the prices at very attractive levels there are opportunities.

Call me for information on foreclosures and short sales in Brevard County, Florida.

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