Parkbridge Capital And Successful Real Estate Investing

Parkbridge Capital And Successful Real Estate Investing



Parkbridge Capital and​ Successful Real Estate Investing
While the​ state of​ the​ economy has made numerous potential investors skittish, many with years of​ experience in​ real estate are bullish about today's investment opportunities .​
While great real estate investment opportunities exist in​ every economic environment, today it's especially important to​ find niches that are low risk and​ more likely to​ bring in​ a​ higher return on investment, says Lee Meekcoms, President of​ Parkbridge Capital Group (www.parkbridgecapital.com), a​ privately held real estate investment, acquisition, and​ brokerage firm .​
Despite what we hear in​ the​ news, real estate continues to​ be a​ sound investment, when undertaken with the​ correct, risk-adjusted approach.
Today's oft-repeated economic narrative is​ that, with encouragement from Wall Street investment bankers, lenders started playing fast and​ loose with credit risk and​ mortgages, enabling an​ unprecedented number of​ Americans to​ buy homes at​ prices beyond their means .​
Lenders packaged and​ sold these subprime mortgages, allowing banks to​ minimize the​ risk and​ resulting in​ individual and​ institutional investors gobbling up inadequately underwritten and​ rated mortgage-backed securities .​
As mortgage defaults rose, the​ ripples in​ the​ economy turned to​ shockwaves, and​ the​ Federal Reserve had to​ step in​ as​ giants like Bear Stearns began to​ topple .​
While Meekcoms acknowledges the​ country's economic downturn, his 25 years of​ experience in​ the​ real estate industry greatly aid in​ capitalizing on societal trends .​
One of​ the​ best bets in​ real estate today is​ the​ Baby Boomer side of​ life, says Meekcoms .​
The industry has recognized that Baby Boomers represent a​ huge demographic, but not all venues of​ real estate benefit equally from these prosperous individuals.
Meekcoms asserts that resort and​ retirement communities are advantageous Boomer-related real estate investments .​
His company, Parkbridge Capital Group, specifically focuses on RV resort properties and​ retiree-oriented manufactured home communities .​
We're seeing that an​ increasing number of​ cost-conscious Boomers are tweaking the​ 'snowbird' concept, and​ opting to​ vacation or​ live part-time in​ areas that are two or​ three hours from major metropolitan areas, he says .​
In addition, higher gas prices mean that people are spending less time on the​ road and​ more time at​ their destinations of​ choice.
Traditional Sunbelt destinations, such as​ Florida, Arizona, and​ Southern California remain popular, but other areas are open as​ well .​
We're seeing more 'Winter Texans' migrating to​ the​ Rio Grande Valley, says Meekcoms, as​ well as​ interest in​ summer resorts in​ New England, the​ upper Midwest, and​ the​ Pacific Northwest.
For instance, many view Florida as​ pricey; 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 only an​ hour and​ a​ half drive to​ the​ coast, he says .​
While the​ property prices are higher in​ the​ coastal areas, 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 notes that the​ return on investment doesn't depend entirely upon the​ appreciation of​ property values .​
These resorts and​ communities are income producing properties .​
Because many residents have year-to-year seasonal agreements, as​ demand in​ the​ marketplace increases, rents can concomitantly increase .​
Residents continue to​ receive an​ outstanding value, while investors get the​ return they seek, Meekcoms concludes.




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