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I recently had the opportunity to interview Real Estate Investment and Development Expert Peter J. Connelly.viewallsouthfloridahomes.com Peter has decades of experience in Commercial Real Estate Development in Florida and has worked with some of the largest builders, developers and investment companies in the world. BC -Peter I understand you have many years’ experience as a commercial and residential real estate investment advisor.floridamanagement.net How did you get started in that field? PJC - Early on in my residential career I became interested in commercial real estate as it was more challenging to selling homes. I started taking classes in commercial real estate towards the earning of the "Certified Commercial Investment Member" (CCIM) Designation available through the National Association of Realtors.


While still working in residential real estate I took a course on site selection for "fast food" restaurants. I took the example used in the coursework and created a "location requirement questionnaire" which was forwarded to all of the major fast food chains at the time. I received several replies and was able to sell a site to a Rax Restaurant which was built on U.S. Highway One in Vero Beach, FL. In another instance, I had leased office space to a cable television company that served Vero Beach and surrounding Indian River County. The Company, United Artists Cable Vision (now Comcast) owned four acres which was separate from their leased office space that contained their "head in" (large satellite antennas).luxuryonerealty.com A warehouse of about 6,000 Sq. Ft. "modular" self-storage units was for sale next to their "head in" land.


I performed an after-tax "Lease versus buy analysis" with parameters provided by United Artists headquarters in Texas. The company accepted the "buy "recommendation of the analysis and purchased the property. The transaction created a property assemblage with direct access to the United Artist’s "head-ins". The modular storage models were removed which created room for office space, warehouse space and parking for its’ installation and repair service along with a "drive in" window for payments and the opening new cablevision accounts. BC - What type of credentials do you have? PJC - I am one of approximately 15,000 commercial real estate practitioners in 40 countries to hold the CCIM Designation.


In addition, I hold the Graduate Realtors designation (GRI) from the National Association of Realtors. Furthermore, I have taken courses in Capitalization Theory from the Appraisal Institute and Real Estate Accounting from the institute of Real Estate Management (IREM). College level course work in technical writing and construction estimating were attended and completed. I have taken classes in public speaking and sales from the Dale Carnegie institute. Additional classroom study was undertaken for real estate securities and mortgage brokerage. Finally, I consider my main "credential" to have been earned while working at the National Real Estate Consulting Firm, Landauer Associates, Inc. which was based in New York City with regional offices throughout the U.S. Here I l received "hands on" training about the economic, demographic and analytic aspects of understanding various commercial and residential real estate products.


BC - Have you primarily worked with individual investors, developers or corporate entities? PJC - Primarily Investment Banks, Insurance Companies, National and International Lenders, Commercial and Residential Real Estate Developers, Builder Magazine List of "Top 100" Builders, Corporations, Pension Fund Advisors and wealthy families. These entities had large enough projects and investments to justify paying a highly recognized real estate consulting firm for their professional advice. I have worked with individual investors on a limited basis based on the smaller scope of the advisory assignment and their financial constraints. One instance would be the pricing, packaging and promotion of a 25 acre waterfront site adjacent to the Port of Fort Pierce, for the former Secretary of Agriculture for The State of Florida. The site was eventually purchased by the City of Fort Pierce and incorporated into the master plan for its’ deep water port. BC - Have you worked with any clients we would recognize? PJC - Some of the commercial and residential real estate clients I have represented include: Aetna Realty Investors.linkedin.com Collier Enterprises, Safeco Insurance Company, Marine Midland Realty Credit, W.W.


Florida beach property evokes so many dreams that trying to treat it as a marketable product almost spoils those heavenly images floating around in our mind. Yes, there are wonderful properties all over the coastal areas of Florida and now they are priced well within the budget of almost everyone. We have beach properties from low prices to the millions from the beaches of the Emerald coast in the Florida Panhandle right down to Key West in the South next door to Cuba. 3million and like any other property location and quality and size determines the price. The cheaper properties are 1bed apartment or condos and the more expensive are the penthouse condos high up overlooking the Gulf of Mexico or prime location in Miami.


The best locations for beach property are in high tourist areas and quality urban areas such as Fort Lauderdale, Miami, St Augustine, Naples, Tampa, Daytona, and Sarasota just to mention a few areas. These are the most prominent that come to mind and if I was to list all the other good locations I would run out of the page, so there are plenty to choose from and the prices are very acceptable. What to look out for when looking at Florida Beach property? The property will in general be of high quality and well looked after.facebook.com I have found that owners of beach property tend to look after their properties very well.


However you have to decide what type of property you want? Again the decision is whether you invest in a condo, Town house or Villa/house. Then you have to decide how you are going to use it? Are you going to keep it for personal use or are you intending to rent it out and let it pay for itself or are you going to do a mixture of both. Investing in Florida beach property for personal use! There are no problems here only jealousy from your friends that you have such a life style asset. However you want to educate yourself about the property before you purchase.


Things you need to know are what is the property tax in the community?corcoran.com What are the running costs of a house or condo there and what are the community association fees? Also the insurance costs and what are the majority of the units in the location used for? Are they just used by owner/residents or are there a large number leased or rented out? The eventuality that a majority is rented out means that you best get used to new neighbors frequently and there may be property management charges. Investing in Florida Beach Property for rental. Again here there should not be a problem and the same questions as above should be addressed.


Also you should check with the City zoning department to find out what rental periods are allowed as their may be period restrictions. Sometimes you are only allowed to do a certain number of rentals per year, so this is important. High tourist locations may have rental zoning for day by day rental, whereas residential areas may have zoning from 6 months to a year. Florida Beach Property as an investment? Beach property in Florida has always been quite a good investment as these properties are very marketable and popular Worldwide. The properties that are in gated communities and well managed and in good locations will generally hold their value and indeed in the more select locations will give you appreciation.curbed.com This is where I suggest to all investors to take me up on my serious advice of working with a licensed Real estate Broker like us. The Broker will know or research the area and carry out research on the property and neighborhood for you. The broker will give you rental trends in the area and appreciation trends. As I have stated before, the more you know and with help from the Broker you and your investment will do well.


Every year, thousands of people relocate to Sarasota, Florida, the most beautiful jewel on Florida's Gulf Coast. One reason they come is because Sarasota offers big-city amenities while retaining its small-town charm.sellhollywoodhomes.com The city is home to the Sarasota Orchestra, the Asolo Repertory Theatre, the Van Wezel Performing Arts Hall, and the world-famous Ringling College of Art and Design, as well as dozens more theaters and art galleries. Downtown Sarasota offers a wide variety of shops and boutiques, restaurants, and nightclubs. Music, arts, and film festivals are sponsored throughout the year. Dozens of public and private golf courses offer challenges to players at every level of skill and on every budget.


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