Spring Break, Mad Money for Real Estate Investors?
Well for investors in Panama City Beach, FL it may be all of these things today. The city hosted the world’s largest bikini parade today, setting a new Guinness World Record, with 450 bikini clad women taking to the sand. So where’s the money in this for real estate investors?
Spring Break brings thousands to the coastline around the country every year and its no longer just about college kids who are just scraping by to pitch in for a keg. 2008 saw MTV filming in swanky Sunny Isles Beach, FL. Along with the sun bound crowd are many potential home buyers looking for deals on a vacation home near the beach as well as other investors.
This makes Spring Break a great time to flip seasonal rental properties and luxury homes and condos which can be promoted as fractional ownership deals. However, this gets even sweeter for savvy investors who know how to innovate.
Despite local governments complaining about being broke they are still spending millions every year to promote events like the one in Panama City Beach, FL today. Creative investors know this means millions and millions of often poorly spent dollars up for grabs. Can you get involved in promoting your destination for Spring Break or other annual events and get the city to pay you or at least draw more attention to your real estate investment business and properties?
Even if you aren’t ready to think that big cities all over the country are desperate for investors to help clean up, rehab eye sore homes and get them occupied. Tax credits, marketing money or assistance, more bargain priced properties, it’s all on the table right now. Get your slice...
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