I am from Florida. I want to invest 600,000 to 700,000 $ in real estate industry but not getting the idea about the right state. Can anyone of you help me to select the right state for my investment? Any response will be highly appreciated.
You know you didn’t say anything. There is no “real estate industry” what do you want to do? Do you want to buy apartment buildings for cash flow? Do you want to buy office buildings for appreciation? Do you want to loan hard money? Let us know what you have in mind and we can help give you advice.
It seems to me like the best bargains are in Florida right now.
tatertot is right…
we looked at 3 properties in the Keys that have been marked down % 80 from their 2007 sale prices…Bargains are there if you look for them…And 600-700k is a decent piece of change to start lending with in Florida…Especially at these deflated prices…If you are lending at %50 LTV of these current prices the risk is almost zero…No need to look in any other states…