Parkbridge Capital and Effective Property Investing
While the state of the economy has made various potential investors skittish, numerous with years of experience in real estate are bullish about today’s investment chances. “While excellent real estate investment opportunities exist in every economic environment, today it’s particularly important to find specific niches that are low danger and more likely to add a higher roi,” states Lee Meekcoms, President of Parkbridge Capital Group (www.parkbridgecapital.com), an independently held realty investment, acquisition, and brokerage company. “In spite of what we hear in the news, realty continues to be a sound financial investment, when undertaken with the appropriate, risk-adjusted approach. “
Today’s oft-repeated financial story is that, with encouragement from Wall Street financial investment lenders, lenders began playing reckless with credit danger and home loans, enabling an unmatched number of Americans to purchase homes at rates beyond their methods. Lenders packaged and offered these subprime home mortgages, permitting banks to lessen the threat and resulting in individual and institutional investors demolishing inadequately underwritten and ranked mortgage-backed securities. As mortgage defaults increased, the ripples in the economy turned to shockwaves, and the Federal Reserve needed to step in as giants like Bear Stearns started to topple.
While Meekcoms acknowledges the country’s economic slump, his 25 years of experience in the real estate industry considerably aid in taking advantage of societal patterns. “Among the best bets in realty today is the Child Boomer side of life,” says Meekcoms. “The industry has recognized that Infant Boomers represent a big demographic, however not all locations of property advantage similarly from these flourishing people.”
Meekcoms asserts that resort and retirement communities are beneficial Boomer-related property financial investments. His business, Parkbridge Capital Group, specifically concentrates on RV resort homes and retiree-oriented manufactured house communities. “We’re seeing that an enhancing variety of cost-conscious Boomers are tweaking the ‘snowbird’ principle, and choosing to getaway or live part-time in areas that are two or 3 hours from major metropolitan areas,” he says. “In addition, greater gas prices mean that people are investing less time on the roadway and more time at their locations of option.”
Traditional Sunbelt destinations, such as Florida, Arizona, and Southern California remain popular, however other areas are open as well. “We’re seeing more ‘Winter season Texans’ moving to the Rio Grande Valley,” says Meekcoms, “along with interest in summertime resorts in New England, the upper Midwest, and the Pacific Northwest.”
For instance, lots of view Florida as costly; Meekcoms recognizes that the state’s geography makes even inland areas appealing. “Florida is, for the most part, a long, narrow peninsula, so you can be in the middle of the state and have just an hour and a half drive to the coastline,” he states. “While the property rates are greater in the coastal locations, resorts are more favorably priced in the Panhandle, Ocala, Leesburg, and areas south of Orlando, all the way to the region surrounding Lake Okeechobee.”
He keeps in mind that the return on investment doesn’t depend entirely upon the gratitude of home values. “These resorts and neighborhoods are earnings producing buildings. Because many residents have year-to-year seasonal agreements, as demand in the marketplace increases, rents can concomitantly increase. Citizens remain to get an impressive value, while investors get the return they seek,” Meekcoms concludes.