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Florida investors are familiar with the vacation real estate market; Florida is a strong, tourist-driven economy and seasonal and vacation real estate represents a large investment sector. Florida investors know that the vacation market has always offered prime investment opportunity. Despite it’s potential for success, the vacation market is a challenging and fast-paced market and many beginning investors often get caught in financial quagmires of bad investments.
Justin Ford, President of Pax Properties LLC, understands the “Florida market“. With over a decade worth of experience investing in Florida’s seasonal and vacation market, Justin has mastered real estate investing. Pax Properties currently owns and manages 30 properties (500 units) along Florida’s east coast, from Ft. Lauderdale to Jacksonville. Pax Properties has thrived due to Justin’s flexibility and ability to adapt to changes in the market. This episode, Justin shares with us his approach to marketing and investing in the Florida and shares tips and advice for beginning investors.
- Florida is a strong vacation rental market
- Hotels, condos, single-family/multi-family long-term and short-term seasonal rentals
- Transient Apartment Licensing
- Required license for operating vacation rental properties
- Applies to hotels, apartments, single-family vacation rental, B’n’Bs, Airbnb, VRBO rentals
- Dept. of Business and Professional Regulations
- C.A.P.A. – Fundamentals of Real Estate
- Cash-flow; Amortization; Positive-leverage; Appreciation
- Investors can control all but Appreciation
- Structuring deals around C.A.P. ensures more positive returns for investors than relying on Appreciation
- Tips
- Choose tenants carefully; good tenants can be difference between a good investment decision and a financial headache
- Take advantage of Amortizing-loan finance options
- Always be marketing and networking
- Conventions, cold-calls, mailers
Justin also offers a course for investors that covers the fundamentals of investing. C.A.P. Strategy: Bubble-Proof Real Estate Investing for Lifelong Cashflow provides investors with in-depth insight into Justin’s investing philosophy. For more information, visit the website!
You can also check out Pax Properties’ asset portfolios here:www.paxproperties.com and www.beachpads.net
Justin can also be reached directly by email at justin@pax-properties.com