The Casuso Group offers its clients the experience of over 40 million dollars in acquisitions. Our infrastructure provides investors complete service from acquisition to sale of the asset.
Florida is the nation’s leading market for the fix and flip strategy. It leads the nation in foreclosures completed and in per capita new foreclosure filings. On Apr/2014, national statistics showed that nine percent (9%) of Florida mortgages are in a stage of foreclosure.The percentage of homeowners in default, but not yet in foreclosure, is higher, as well.
South Florida, primarily Miami-Dade County, leads the state both in actual homes foreclosed and homes entering the foreclosure process. According to Zillow, on Apr/2014, the regions rate is significantly above the national rate of negative – equity rate of eighteen point eight percent (18.8%), with South Florida as one of the hardest hit areas.
Real estate prices in South Florida are rapidly climbing. Condominium prices increased twenty-four percent (24%) in Feb/2014, over the previous February (Miami Association of Realtors). This recent rise in real estate prices is driven by a lack of inventory. This presents a great opportunity for the “Fix and Flip” strategy investors.
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