Condominiums
The state of Florida is one of the top retirement areas in the United States. Retirees and families alike relocate to the state for many reasons:
- Mild climate
- Sunny beaches
- Top-quality healthcare services
- No state income tax
- Great shopping, dining, and recreation amenities
Often retirees and others move to the South to get away from everything, so many Florida transplants choose to live condominiums.
Condo-type residences offer no home maintenance for older people and a carefree lifestyle for the younger people who are just starting out and don't want to bother with the upkeep of a traditional home.
Because the state draws so many retired and younger Americans, condominiums have traditionally been good investments. As a result, Florida boasts condominiums by the hundreds of thousands.
TMHI, LLC's Florida real estate investment properties include some of the most outstanding condominiums in the real estate market.
Currently, the Florida condo market has been one of the hardest hit areas in the real estate downturn. TMHI buys foreclosure or short-sales condos through its extensive network of real estate agents and through public records. TMHI focuses on those properties that fit its stringent criteria:
- Purchase through distressed condominium sales in the $40,000 to $200,000 price range
- The company can buy these foreclosures and distressed sales for 40% of their appraised value.
- These condos only minimal renovation and slight cosmetic upgrades.
After purchase, the TMHI then renovates these condos by updating or replacing fixtures, applying fresh paint in neutral colors, and installing or replacing existing ceiling fans, or installing new hardwood or laminate flooring. Once TMHI's team of expert contractors has completed these minimal renovations, these condos are rented out for additional income while waiting for the market to return. Once the real estate market begins to rebound, these outstanding investments will be sold for profit.
TMHI also has similar investment strategies for single family homes and multi-family homes. See how our real estate investment program works.
To find out more about TMHI, LLC and its exclusive investment offerings, please contact the property experts at TMHI, LLC today at (954) 990-2041 or toll free at (866) 449-2710.
