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Florida was hit hard following the real estate crash in the mid 2000s. As the market began to return, real estate investors saw the foreclosure market as a well-spring of opportunity and many took advantage of the asset class. However, as real estate markets have rebounded, foreclosure markets have begun to dry up. Investors have found it increasingly difficult to find successful strategies for bidding on foreclosures.

Our guest this show has been buying and selling foreclosure properties since the late 1990s. Focusing solely on Broward and Palm Beach counties, Eric Nathanson has developed successful strategies for bidding on foreclosures and has earned a leading reputation in South Florida’s foreclosure real estate markets. Eric is co-founder of Bidologist.com, a third-party turnkey investment company offering investors bidding on foreclosures a single source for investment solutions. This episode, Eric discusses the current trend in South Florida’s foreclosure markets as well as strategies for investors bidding on foreclosures.

• Broward and Palm Beach Foreclosure Markets
  • Majority of real estate markets returning to pre-crash point
  • Large foreign investment/flight capital base
    • China, Brazil, Venezuela, Russia
  • FC supply thinning
    • Investors no longer able to cherry-pick from select areas
    • Must cast wider net to suit investment goals
    • Online bidding
      • Easier for investors to gather info on properties
      • Bidding pool expanded internationally
      • Bank has option to hide bid, making bidding more selective
    • Likelihood of future foreclosure markets slim
      • Financing regulations much stricter
      • Cash-laden market
  • Possible market for investors who can afford to purchase condos with rental restrictions and wait them out
  • 5% down required for bidding on foreclosures
• Bidologist.com
  • Turn-key investment solutions for investors bidding on foreclosures
  • Personal relationship with clients
    • Strategies suit individual investor goals
    • Fees based on volume, property value, etc.
  • Handles due diligence
    • Preliminary and full title searches, property inspections

For any further questions regarding strategies for bidding on foreclosures, contact Eric by phone: 954-735-4000 or by email: info@bidologist.com

To find out more about the services offered by Bidologist.com, visit their website!

The post Ep. 83 Eric Nathanson: Winning Strategies for Bidding on Foreclosures in Broward & Palm Beach appeared first on Real Estate Investing in Florida.

Don’t miss a single show!

South Florida has always been in a class apart from the rest of the state in terms of real estate development. The South Florida real estate market has lead the state in real estate investment and growth. Despite it’s ups and downs the South Florida real estate market has historically been a market indicator in terms of development and investment activity. South Florida’s unique positioning and heavy influence of foreign investment makes this market an interesting and dynamic one.

Brian Bandell is a senior journalist with the South Florida Business Journal covering real estate, transportation and logistics. For over a decade, Brian has served the South Florida business community. With an expert ear for news, Brian gives us a brief, but detailed overview of the South Florida real estate market and what is in store for future developments in the area.

•  $7.5 billion in construction starts in Miami and South Florida
  • Condominium/Multi-family
  • Retail
• Developers/Developments
  • Related Group – several condo, residential, multi-family apartments in Miami/Ft. Lauderdale; retail/mixed-use projects in Downtown Miami
  • Swire Properties – mixed-use project, Downtown Miami (Brickell City Centre); residential developments, Downtown Miami (Brickell Key One, Courts Brickell Key)
• South Florida economy driven by tourism and foreign investment
  • Heavily dependent on international markets
  • Strengthening of USD may adversely affect South Florida investments
• Miami moving towards transit city
  • Metrorail connects major points in Miami
  • Metromover connects Downtown Miami
  • Trirail connects Miami to West Palm Beac
  • All Aboard Florida rail project will connect Miami to Orlando
• Issues
  • Commuting is still difficult in South Florida for those who don’t live near transit stations or commute by car
  • Development in South Florida does not represent demographics
    1. Developments are for high-end/luxury spaces
    2. Middle-income bracket job growth not suited to high-end developments
  • Rapid rent increases
    1. Multi-family rent increases: 8.8% in Miami-Dade, 7.1% in Broward and 5.8% in Palm Beach
    2. Weekly wage increase: 2%

To find out more about Brian’s work with the South Florida Business Journal visit their website

In addition to his journalistic successes, Brian is also a published author of fiction! Look for his books on Amazon

The post Ep. 55 – Brian Bandell: Update on the South Florida Real Estate Market appeared first on Real Estate Investing in Florida.