My House The Real Estate Show
February 16, 2004--For several years now, pockets of residential real estate in South Florida have been offering investors hefty returns. Rising appreciation rates have given way to great investment opportunities, and people are clamoring to learn how they too can pave a path to financial freedom through real estate investing. Real estate seminars and boot camps are often standing room only, and local investment clubs have tripled in size over the past several years.
This surge of interest in the real estate market has created saturation in some of more traditional methods of real estate investing. There are hundreds of investors for every one foreclosure, and HUD properties are now being auctioned off above market value instead of thousands of dollars below. The challenge that investors face today is how to find good investment opportunities – and how to get to them first.
Recognizing this recent shift of supply and demand in the local investment market, real estate finance expert Charles Andrews, and Kendra Todd, licensed Realtor® with ReMax Advantage Plus, decided it was time to share with South Florida a new-school approach to building wealth in real estate. Andrews and Todd teamed up with Clear Channel Station 1230AM WBZT to launch MY HOUSE, South Florida's own real estate investment talk radio show, dedicated to education on preconstruction and condo conversion investments.
Listeners crowd the dial from 1 - 2 PM each Sunday to tune in to MY HOUSE, where they learn not only the hows of real estate investing, but also where and when the next project offering will be. "We are excited that we can share our developer contacts with the My House listeners and offer exclusive pre-grand opening buying opportunities, " says Andrews, who has been investing in the local real estate market for years. "We've been generating impressive returns on investment for ourselves and our clients by purchasing properties in the preconstruction stage and gaining equity from developer increases as well as typical market appreciation," he confides.
The other trend the show tackles is finding deals in waterfront and golf course condo conversions – rental communities where the units are individually sold and converted to private ownership. "Land lording can be a headache," admits Andrews. "Condo conversions are a great way to purchase properties below market value with tenants already in place. And with the right financing in place, we can turn a good deal into a cash cow."
The radio show is really sideline to the bigger picture – The My House Team – a concept that Andrews and Todd have been structuring for some time. The My House Team is a group of about 55 core members that travel from project to project purchasing preconstruction and condo conversion properties. "There's something to be said for creating buying power," says Todd. "It creates opportunity. Developers take notice and open doors for us. It's a win-win for everyone," she says.
To learn more about the MY HOUSE concept, visit www.myhousere.com or call (561) 929-HOME.
This article courtesy of http://realestate-basics.com/.
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