Investment Property in La Florida

Investment Real Estate in La Florida

La Florida property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of La Florida and LATAM .

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Searchable Map of La Florida Investment Real Estate

Spanish Florida (Spanish: La Florida) was the first major European land claim and attempted settlement in North America during the European Age of Discovery. La Florida formed part of the Captaincy General of Cuba, the Viceroyalty of New Spain, and the Spanish Empire during Spanish colonization of the Americas. While its boundaries were never clearly or formally defined, the territory was initially much larger than the present-day state of Florida, extending over much of what is now the southeastern United States, including all of present-day Florida plus portions of Georgia, Alabama, Mississippi, North Carolina, South Carolina, and Louisiana. Spain’s claim to this vast area was based on several wide-ranging expeditions mounted during the 16th century. A number of missions, settlements, and small forts existed in the 16th and to a lesser extent in the 17th century; they were eventually abandoned due to pressure from the expanding English and French colonial settlements, the collapse of the native populations, and the general difficulty in becoming agriculturally or economically self-sufficient. By the 18th century, Spain’s control over La Florida did not extend much beyond a handful of forts near St. Augustine, St. Marks, and Pensacola, all within the boundaries of present-day Florida.

Florida was never more than a backwater region for Spain and served primarily as a strategic buffer between Mexico (New Spain) (whose undefined northeastern border was somewhere near the Mississippi River), Spain’s Caribbean colonies, and the expanding English colonies to the north. In contrast with Mexico and Peru, there was no gold or silver to be found. Due to disease and, later, raids by Carolina colonists and their Native American allies, the native population was not large enough for an encomienda system of forced agricultural labor, so Spain did not establish large plantations in Florida. Large free-range cattle ranches in north central Florida were the most successful agricultural enterprise and were able to supply both local and Cuban markets. The coastal towns of Pensacola and St. Augustine also provided ports where Spanish ships needing water or supplies could call.

Beginning in the 1630s, a series of missions stretching from St. Augustine to the Florida panhandle supplied St. Augustine with maize and other food crops, and the Apalachees who lived at the missions were required to send workers to St. Augustine every year to perform labor in the town. The missions were destroyed by Carolina and Creek raiders in a series of raids from 1702-1704, further reducing and dispersing the native population of Florida and reducing Spanish control over the area.

Britain took possession of Florida as part of the agreements ending the Seven Years’ War in 1763, and the Spanish population largely emigrated to Cuba. The new colonial ruler divided the territory into East and West Florida, but despite offers of free land to new settlers, was unable to increase the population or economic output, and Britain traded Florida back to Spain after the American War of Independence in 1783. Spain’s ability to govern or control the colony continued to erode, and, after repeated incursions by American forces against the Seminole people who had settled in Florida, finally decided to sell the territory to the United States. The parties signed the Adams-Onis Treaty in 1819, and the transfer officially took place on July 17, 1821, over 300 years after Spain had first claimed the Florida peninsula.

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The increasing financial and political stability of La Florida has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in La Florida

Renting out your La Florida buy-to-rent out investment property can grow wealth and income.

Whatever your goals with investment property in La Florida are – preparation is key.

Set goals based on how much rental yield will be required and the local rental yield rates in La Florida and be prepared to change your initial outlook.
Thoroughly research the La Florida location with a special emphasis on fringe areas outside the main La Florida metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of La Florida.
Ensure that your target investment property in La Florida appeals to professionals. This is a demographic that ensures maximum income and low voids.
Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
You may think that managing your La Florida properties yourself is an easy option, but are these savings justifiable when you run into La Florida red tape? Physis Realty La Florida office in downtown La Florida provides you with peace-of-mind and leaves you time to plan your next move in the growing La Florida buy-to-rent sector.

With our expert guidance, investing in La Floridaprovides the secure knowledge that your money is working harder than it would in a local La Florida bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in La Florida, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the La Florida property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in La Florida

Flipping property in La Florida

Flipping property is when we advise clients to buy a La Florida property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the La Florida market has a time to react to the renovation.

The Flipping Strategy in La Florida

Investment property flipping in La Florida is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of La Florida real estate investments are sometimes referred to by professionals as ‘distressed’ La Florida real estate.

What is distressed La Florida property:

La Florida property in need of renovation
La Florida real estate with a change of purpose and use
Oversold La Florida property
Bank repossessions in La Florida

Put simply, long term investors in La Florida purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from La Florida investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

La Florida property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in La Florida use a minimum profit value of 22% when looking at potential La Florida projects. The reason for this is because there are lots that can go wrong in La Florida property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in La Florida

For luxury property investors hoping to add a superb property in La Florida to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in La Florida, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in La Florida should be entrusted to only the highest-quality agency.

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