"...when you look at the big picture, there’s a tremendous opportunity for long-term investment here. Properties in parts of Orlando are selling for less than than $10,000. The investment opportunities in Florida right now are almost unbelievable."
Orlando, FL (PRWEB) April 10, 2012
While the collapse of the market for real estate in Florida has been called a crisis by the national media, one local realtor is convinced that the bottomed-out market is really an opportunity – and it’s winning him recognition from as far away as Europe. Over the past few months Ben Yonge, president of investment brokerage Equity First Realty, has been busy acquiring properties in Central Florida that many investors would consider unsalvageable, and his expertise at turning them around for a profit has landed him a featured role in recent reports by MSNBC and the UK’s Daily Mail.
“As soon as the bottom fell out of Florida’s housing market, it seems like every investor tucked their tail between their legs and fled for greener pastures,” says Yonge. “But when you look at the big picture, there’s a tremendous opportunity for long-term investment here. Properties in parts of Orlando are selling for less than than $10,000. The turn-key real estate investment opportunities in Florida right now are almost unbelievable.”
Central and South Florida are two of the regions hit hardest by the housing collapse. Foreclosures and bank-owned homes can be found in nearly every neighborhood. But rather than shy away from these bargain-bin investments, Yonge has found success in renovating them into profitable rental properties. Recently, he purchased a four-unit apartment building in Ocala valued at $120,000 for $25,000. Yonge expects to start renting it out for a total of $2,000 a month within 60 days, amounting to nearly a 30% return on his initial investment.
“These are once in a lifetime deals,” says Yonge. “The market is recovering as we speak. It won’t be long before real estate in Florida is as expensive as it always was. If you were ever planning on buying in, now is definitely the time -- foreign investors from China and the U.K. are snapping these properties up like crazy.”
Ben Yonge founded Equity First Realty in 2003 after selling his residential services company based in Seattle, Washington. His goal is to simplify the investment experience for fellow real estate investors. He has been involved in thousands of wholesale real estate transactions and works to support his team in their efforts to provide excellent service.
To learn more about Ben Yonge or to schedule an interview, please contact Jasmine Davis at 310-621-5048 or send an email to jasmine(at)contentfac.com