Lake County Florida Multi-Family & Income Properties 

The rental market in Florida has not been this strong since 2006. With vacancy rates at only 6% to 7%, now is the time to invest in building and/or acquiring income properties! The strong demand for rentals by new residents is brought on by prospective buyers unsure of the economy and the true value of homes. Another factor for the increased demand is the many displaced previous home owners who are now forced to seek out rentals because of ruined credit due to so many foreclosures and short sales.

Because of the high demand, price hikes are tolerated in some markets and rentals are only down 2% to 3% from the peak in 2006. Investors have been flocking into the Lake County Real Estate market with hard cash, buying up REO/bank-owned properties like there was no tomorrow. The majority of these properties are being refurbished and put back into the market as rental income. Return on investment beats almost any other investment in the market today and it is relatively a low risk strategy for today’s investor. They see the great potential, not only for long term income but for great equity growth as well.

Duplexes, Triplexes, Apartment Complexes and Single Family Residences are all great opportunities to get excellent cap rates of 10% to 20%. It is no wonder that multi-family income properties are the new jewel for investors, with the extremely unstable stock market and bank CD rates at the bottom there is currently no better return on your investment.

Newer and younger investors with less experience are buying existing duplexes to build a retirement portfolio that will bring them years of income. This income can be used to pay off their initial investment or bring additional income to their household. With some single family home foreclosures selling in the $25,000 to $50,000 range, this has afforded a way for many first time investors to get into the market.

For the more experienced investor building a larger portfolio, we believe there is a market for a new apartment or condominium complex. There haven’t been any condos built in the area since the 1980’s. With the older population here, condominiums are a popular alternative because of the low maintenance living for this group.

Whatever you investment goals are we can help you make the right decision to fit your investment needs. Bill Deese and Phil Kelley have a combined experience and knowledge of the Lake County Real Estate market of over 20 years. We know the best areas and locations that will give you the best return and growth in equity for your investment. You can be assured we will point you in the right direction to get the best purchase for your money.