Great buying Opportunities in south florida’s condo market

Opportunity is everywhere. Right now in South Florida there is a very large inventory of properties on the market at depressed prices. Additionally, interest rates are incredibly low. What a great climate to buy. This market will turn at some point and people will be kicking themselves for waiting.

As reported by the Miami Herald, the condominium developer who led South Florida’s high-rise building boom is making a $1 billion bet that the region’s real estate market is a bargain.

Amid a slumping condo market, developer Jorge Perez is joining with a Wall Street firm to create an investor fund that will buy troubled mortgages and distressed property that ranges from raw land to finished condominium units in the southeastern United States. To read the entire story.. CLICK HERE

Miami developer bets on condos’ future

Condo builder Jorge Perez said South Florida real estate is undervalued and he’s setting up a $1 billion fund to start buying properties.

Jorge Perez