Jupiter Florida a place you won’t want to leave once you find it!
FL Jupiter is one of those places that you arrive and within the first 30 minutes you already know you never want to leave again as long as you live. With its very cool and very recent Yacht club addition to the town and its softly meandering River Walk FL Jupiter is one of those places you could easily call home.
Ok, you could easily call it home until you check out the prices of real estate. Then compared to the rest of the United States and much of the world you might find yourself gasping for breath. Yes there are some few houses that would be considered a bargain by the locals there on the outskirts of town well away from anywhere you would actually want to live, but considered a bargain none the less.
Yes, absolutely the local market in FL Jupiter has taken a hammering along with the rest of the nation during what analysts are calling a market correction (I call it a recession). But still when compared to the rest of the market across the country it’s still pretty pricey indeed.
The real value here is in owning rentals. Why you might ask? Well, everyone has to live somewhere and you can then take advantage of these high priced Haciendas and get into the rental market for the service people. The who people? The service people.
You see, anywhere there are people with a lot of money and trust me there’s money in FL Jupiter for sure, plenty of it. Those people with the cash want other people to take care of stuff for them like yard work, house cleaning, driving, washing the cars, taking care of the kids and so on. They don’t want to be bothered with those types of tasks why would they? But the people who perform those tasks need places to live and with the very high price of real estate in FL Jupiter those places are few and far between.
So, where is the opportunity Mr. the glass is half full? Well it doesn’t have to be Jupiter FL it could actually be any place with this same type of a scenario unfolding. But here’s what you look for. Focus your search on old school buildings, old factories, old warehouses, old pier canneries ect… These old places can many times be renovated into very nice quaint apartment complexes just perfect to put 20 or 30 units into.
Trust me these types of renovation projects can pay off handsomely in the end if you set a budget and stick to it during the build out process. One word of caution to the wise, stay away from purchasing old churches. People get spooked at the thought of living in an old church no matter what their belief systems are.
Related posts:
