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3 August 2024 | 5 replies
Does anyone have a good lender/contact for a commercially zoned tourism home?
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4 August 2024 | 13 replies
I would mention here that a typical condo or single family does not qualify for the Act 60 TOURISM tax credit (which gives you up to 40% back) - the project needs to meet certain qualifications as a guest house, hotel, villas or bed & breakfast - it can be as little as 3 rooms.
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6 August 2024 | 28 replies
They are cheap, and will get cheaper in coming recession, as tourism to Vegas will decline, and they have superior growth and great management, that know what they are actually doingADC -(Agree Realty), they do what I do privately, but on a bigger scale, run by Joey Agree , very smart, they have excellent growth, multi-tenant, triple net retail, and grocery anchored Retail, they will benefit from massive secular tailwinds, as there has been under construction in retail for years, due to fear of E-commerce, higher construction costs/insurance costs, post GFC under financing-construction, etc, so existing inventory is commanding higher rents, we are bumping new leases by 7-11%, they will get this endogenous earnings growth for yearsthese should perform well over next 10 years, never buy anything in Real Estate for less than 10 years, to allow to go through cycles, and if you can buy in 401k/IRA so dividends can be re-invested tax freegood luck, you have to monitor your E-REITS like you would any other stock, closely, as they move with sentiment not just on NAV like private Real estate, so you can't just dose em w 200mg of propofol and walk away, not that you'd ever do that :)good luck
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31 July 2024 | 40 replies
Quote from @Josh Green: I personally am buying and helping clients buy in the Tampa Bay Area for a few reasons:Here, you have a historically strong and consistent tourism presence, limited land/STR allowable areas, highly liquid property compared to selling a cabin in the woods, all 9 classes of visitors in the STR sector, and appreciation.
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31 July 2024 | 46 replies
Not to mention that 2023 has been a pretty horrible year for Disney and Florida tourism generally.We're holding on to these for at least a little while longer to see what happens.
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28 July 2024 | 4 replies
For those familiar with this market; what is bringing the guests (tourism, professional, mix of both)?
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27 July 2024 | 1 reply
What brings guests (tourism, professional, mix of both?)
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31 July 2024 | 37 replies
For context, in Orlando, we’ve seen fluctuations in tourism and a growing demand for long-term housing, possibly due to economic factors and changes in travel behavior.
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27 July 2024 | 7 replies
That will add a ton of traffic, real estate and tourism which Helps Fort Meyers as well.I am up in Pinellas County by the Gulf beaches but one of my offices in down your way in Miami which has become way to overpriced.
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26 July 2024 | 11 replies
I have gone all in investing in this area, with the military population, tourism demand, healthcare population, etc - it is attractive for so many reasons.