Unemployment

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A cut price condo in Florida may not be a bad investment but certainly not the best. Many have been advertised for less than $50,000; but for a small amount more you can acquire a detached single family home which is a far more attractive rental proposition, and as they have no community (condo) fees provide a greater yield. No finance is currently available on Florida condos, so to exit your investment with a of sell to tenant strategy doesnt exist in the current market conditions.

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The crash of the housing market has opened the doors for many investors. Florida is one of the hardest hit states for foreclosures and unemployment. The Feds have bought back mortgages and interest rates have steadily dropped. What does this mean for the average investor and how can one find Florida investment properties?

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