Florida Real Estate
Investment Opportunities

    If you are looking for steals, you can stop reading.  I get a dozen calls and dozen emails a week from folks looking for steals.  If you are looking for sensible investment opportunities, I can help you.  And I will save you a great deal of money and aggravation.  I'm not going to recommend something that I would not buy myself.  ALL of my clients will tell you the same thing . . . I am not interested in my short term commissions or fees on a transaction.  My goal is to retain all of my clients as lifetime clients.  In fact, I don't take commissions from my investment clients.
    I only work with investment clients on a retainer basis.  This means all commissions I receive from the Seller, are signed over to my Buyers.  When you are dealing with traditional Brokers, they are interested in the commission, more than the viability and sensibility of the transaction.  My only concern is . . . to make sure every transaction we do as a team, puts a long-term smile on your face.  You pay for my services on a retainer basis.  If you are a qualified investor, this will save you thousands of dollars on every transaction . . . and you will have my undivided attention.

    April 28, 2008 - As noted in my recent Barron's article, real estate markets are going lower.  Much, much lower in many areas.  It's basic Economics 101 - Supply and Demand.  Unfortunately, we have statisticians that have managed to introduce smoke and mirror for the last few years.  Liars can figure but figures don't lie.  And when you talk to me, you get a current picture, not the rear view garbage you get from Wall Street's analysts and managers.  

    The Future - Even though I travel throughout the country, my expertise is here in Florida. The future is in several areas:

    Auction Properties and Foreclosures - There are tremendous opportunities for investors with the financial strength to buy these properties in bulk.  If you took the time to read my recent Barron's article, you'll realize banks have no clue how to process this inventory.  Instead of selling smart, these fools simply continue to compound the pain for themselves . . . and the opportunities for us.
    Banks make it next to impossible for traditional buyers to reduce the REO inventory substantially.  And as the banks continue to screw up, they eventually throw up . . . and dump the properties at auction or to bulk buyers.  When they give up, they slash prices 20-50% below actual market prices they could realize if they sold smart.  For bulk buyers, this is a golden opportunity to make 25-50% annual returns on invested capital.  And that's being conservative.
    How it Works - When banks dump inventory, price is not the object.  It is like a cancer to them, and all they care about is getting it off the books.  If you have the resources to purchase these homes in bulk, you must then be prepared to make repairs and deal with a variety of issues the bank was incapable of addressing.  
    We Make it Easy - When it comes to repairs to these homes, we have a team of experts that can put a home in tip-top shape within two weeks.  The next step is either rent or sell.  Either way, our team will rent and manage for you, or list and sell.  It's that simple.  Well . . . almost.
    Traps and Minefields - There is a lot of money chasing what appears to be "steals" and deals.  Most of these are traps and minefields.  We do our homework.  We don't just show up at an auction like so many portfolio managers do, and then get caught up in a bidding war as if we were bidding on a baseball card on Ebay.  Prior to any auction, we research the properties and the market.  Some auctions we just stand there and smile.  At others, we are active bidders . . . but with a controlled limit.  
    In any event, if you are interested, call me or email me for additional information - Mike Morgan - 772-260-5448 or Mike@MorganFlorida.org

    REO Opportunities - My office represents a number of financial institutions in selling their REO properties.  Most of them never listen to us, but they send us business.  Many of these properties are priced under the market.  I am not allowed to buy any of the properties I serve as the broker for, but I am allowed to sell them to my clients.  And I can do this the very second I list the property.  If you are interested in being on the list for these properties, call me to discuss your level of interest.  

    My Favorite - Deep water lots in prime locations.  The only land we have a shortage of in Florida is waterfront.  But I am only talking about a very specific type of waterfront.  Not lakefront.  Not Intracoastal.  Not anything that is simply wet.  I'm talking about deep water, which means you have at least four feet at low tide and you are near an inlet on the East Coast, south of Indian River County.  These lots run from $800,000 to more than $10M.  When it comes to land, this is your best investment.  Call me for details. 

    Something Different - In addition to my real estate interested, I own an Interactive Marketing company, m3 Interactive.  From time to time we are presented with opportunities.  I have one such opportunity that makes a lot of sense.  This one involves developing a Wedding/Honeymoon website on steroids.  The folks involved are a perfect fit, and the overall objectives are exciting.  The short version is . . . this project will offer advertising space, honeymoon packages from the very basic to the most extravagant, and merchandise for sale (lingerie and jewelery).  In fact, the site will be featuring a component to offer diamonds for sale, and a business plan that includes customer retention from proposal to wedding to honeymoon . . . and beyond with birthdays, anniversaries, etc.  If you are interested, I would be happy to fill you in on the details.  

Michael C. Morgan, J.D., CRS, GRI
Mike@MorganFlorida.org
772-260-5448