Living in Ponce Inlet Florida
When we first moved to Florida we rented a condo in Ponce Inlet Florida just south of Racing’s North Turn. The name of the complex was “The Towers of Ponce Inlet” which was developed by DiMucci Development which is located in Port Orange, Florida.
There are six condo buildings in a row here. The Towers of Ponce Inlet have 3 Oceanfront Pools, Jacuzzi, Fitness, Sauna, Social Room, Tennis, Underground Parking, 24 hr security, and is located on a No Drive Beach.
We rented our 2 bedroom condo from a couple from Indiana while we were building our home in Port Orange. Later, we sold that 2 br and moved into a 3 bedroom that they also owned in the same building.
Living in Ponce Inlet was simply an amazing experience for us. Every morning we would awaken to some of the most beautiful sunrises over the Atlantic Ocean. There is nothing like having your morning cup of coffee while staring at the ocean, except maybe having all of your meals on your balcony. LOL. (Since Mike does all of the cooking, Peggy used to call it Mike’s Oceanfront Diner)
Being on a no drive section of the beach made living in Ponce Inlet very relaxing. Spending the weekends soaking up the sun was a great way to unwind after spending the week selling oceanfront condos in Daytona Beach Shores. It was a toss up though as far as relaxation goes. The oceanfront pools were a great way to cool off from the hot Florida sun.
We sometimes regretted moving away from the ocean into a single family home. The maintenance free lifestyle was pretty awesome.
If you would like for use to send you a current list of condos for sale in Ponce Inlet – give us a call at (386)506-8848. We will email that list out right away.
How Many Properties Do You Need To Own To Retire in Florida: An Investors Guide
Do you have a goal to retire in Florida? Not too long ago I made the decision to retire in Florida (It was after moving back to the Chicago area for about 6 months) so I sat down and mapped out a plan that was designed to help me achieve this goal. I want to share this goal with you here. (Share this plan with your friends by utilizing the social media buttons above)
I first decided I wanted to get into real estate investment back in 1985 (only 3 years out of high school) after reading Financial Genius by Mark O. Haroldsen. From thereon, I was determined to become more erudite in the field of real estate. Since then, I have more than three decades experience in real estate analysis, financial modeling, mortgage banking, due diligence, real estate fund management, construction management and real estate brokerage. You may download my online resume here at HireMikeLinton.com.
After reviewing my resume, you can concur that I am qualified to assist you in your retirement aspirations here in Florida.
So back to the original question; How Many Properties Do You Need To Own To Retire in Florida?
The answer is …. it depends.
It really depends on your lifestyle. Do you want to retire with just your basic needs being met or do you wish to travel, play and enjoy the finer things in your golden years. But be careful not to become house poor.
My wife Peggy and I always tell our customers that we do not want to run into our customers at the grocery store buying ramen noodles while we are buying steak. Be careful not to over-extend yourself with debt. I got into trouble back in 2006. I should have exuded the wisdom of Proverbs 22:7 which simply states the borrower is slave to the lender.
Deciding on the number of properties to own also depends on your investing strategy. Today my strategy is much different that 2006. Back then it was about flipping properties. Investors were more like day traders in the stock market. I saw investors flipping condos in Daytona Beach and walking away with more than $80,000 after owning the property for about 10 minutes. This strategy worked well until the credit crunch and the financial meltdown of 2008. My strategy today is buy and hold, paying off properties and owning them free and clear. My sub-strategy is to think like a banker. My goal is to have 2 Million in assets working for me.
Give me a call and we will figure out a plan that works for you.
What Can Owning Rental Properties Provide You With?
Owning rental properties can provide you with:
- Cash Flow
- Fantastic Returns
- Tax Advantages
Increasing the Earning Power of Real Estate Investments with a 1031 Exchange
I wrote an article previously about increasing the earning power of real estate investments with a 1031 exchange, but let me summarize here.
What is a 1031 Exchange?
When completing a 1031 exchange, an investor can increase their portfolio of wealth.
The real estate investor can change the type of investment property. Maybe you want to change your investment from single family to commercial properties.
About Linton Global Real Estate Investing
Investing in high quality real estate is easy with the Linton Global Real Estate Team. We utilize the Mega Team expansion system that has allowed us to build a central processing hub located in our home base in Florida, while utilizing partner networks under the team brand, Linton Global. Currently we service the cities and suburbs of Orlando Florida, Daytona Beach Florida, and Miami Florida.
While the concept Mega Agent Expansion may just be entering the minds of many agents, Keller Williams is home to a growing group of mega agents who are already experiencing enormous success through expanding their businesses into multiple markets. –
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Is Retiring in Florida all it is Cracked Up to Be?
Now that baby boomers are reaching retirement age, Florida is being deluged by a new wave of retired residents. There are many benefits to living in Florida.
|If you decide to move here for retirement some of the key factors will be what part of the state will you live in?|
It is also a lot of fun to be with your peers and to be able to enjoy a lively retirement. If you are concerned about moving away from your family, rest assured that they will be eager to come and visit in the winter.