Is Port St. Lucie a Real Estate Hotbed?

In law school, the most valuable thing I learned . . . is the answer to most questions is . . . IT DEPENDS. And that truly applies here. Yet another real estate website SmartZip.com is out there touting real estate advice on a national level, even though they have no clue what is going on in the local areas they are writing about. Port St. Lucie is a perfect example.

SmartZip.com has listed Port St. Lucie as a Top 10 for investors. Yikes. What do they know about what is really going on or what areas of Port St. Lucie are good, bad or ugly. They know nothing, so beware.

There are deals to be made in Port St. Lucie real estate, but it still not time for investors to step in unless they are prepared to another 1-3 years of losses.

Investors can buy foreclosure properties for 10-25% less than buyers that require a mortgage, so if you do your homework, you have a huge advantage as a cash investor. But the next step is very tricky. You now have two options. One, you flip. Or, two, you find a renter. Both are scary. Flipping is out of the question because of the costs of marketing and flipping. Rental is just as scary.

There are so many homes on the market in Port St. Lucie that rental prices are less than half of what they were just two years ago. But the really ugly part is the quality of the renters. If you buy a foreclosure property in an area that is still declining in price and quality . . . you are in trouble. You need to purchase a property that is in a stable area, and one where the rental percentage is less than 25%, meaning one in four neighbors are renters.

All of this requires hiring an expert. I believe we are the best experts on Florida's East Coast because we have been working with banks, financial institutions AND residential clients. We have a unique perspective on the markets.

For additional information visit our website www.FloridaHomes.PRO or email me Mike@FloridaHomes.PRO - You may also call me at 772-260-5448