Single Family Homes
The state of Florida has always been a magnet that draws people from colder northern climates to its sunny beaches, warm trade winds, and mild winter weather. In fact, more than 1,000 people move to Florida every day of the year! With so many people migrating to the state every year, it only makes sense that Florida will be a prime area for profit when the real estate market returns.
Recently, Florida's housing market has been inundated with single family homes that have fallen to foreclosure or short-sales. The June, 2009 figures from the Florida real estate market show that sales of single family homes were up 54% in Miami-Dade County, Florida and were up 35% in Broward County, Florida when compared with sales figures from June of 2008. The U.S. recession, combined with the staggering number of homes on the market, means that 36% of homes sold in June, 2009 were priced under $100,000 and 76% of homes sold were priced under $300,000.
TMHI, LLC's Florida real estate investment properties include some of the highest-quality single family homes in the real estate market.
We purchase homes on the distressed sales market that meet our target goals of:
- Properties are purchased 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 are homes that need only minimal renovation and slight cosmetic upgrades.
By placing priority on residences that require only an updating of fixtures, installation of new hardwood or laminate flooring, fresh paint, or new landscaping, TMHI can keep investor costs low and can assure maximum resale value. These single family homes are rented for investment income after the cosmetic upgrades are complete. Following a rental period of a minimum of two and not more than five years, the Florida real estate market will have returned and these properties will be sold for a substantial profit.
TMHI also has similar investment strategies for multi-family homes and condominiums. 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.
