Parkbridge Capital and Successful Real Estate Investing
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Parkbridge Capital and the Path to Successful Real Estate Investing
Summary
Despite economic challenges, seasoned real estate investors remain optimistic, seeing today's market as rich with opportunity.Article
Amid economic uncertainty, many seasoned real estate investors remain optimistic about current opportunities. Lee Meekcoms, President of Parkbridge Capital Group, a privately held real estate investment and brokerage firm, emphasizes the importance of finding low-risk niches with higher investment returns. "Real estate is still a sound investment when approached with the right strategies," Meekcoms asserts.
The economic downturn, fueled by Wall Street's risky lending practices and the mortgage crisis, created shocks throughout the financial system. However, Meekcoms, with 25 years in the industry, sees opportunities by capitalizing on demographic trends. "One of the most promising areas today is the Baby Boomer market," he notes.
Parkbridge Capital focuses on resort and retirement communities, targeting RV resort properties and retiree-oriented manufactured home communities. Meekcoms explains, "More cost-conscious Boomers are choosing destinations closer to major cities to minimize travel costs," adding that these trends open new opportunities beyond traditional Sunbelt areas like Florida, Arizona, and Southern California. There's growing interest in places like the Rio Grande Valley and summer resorts in New England, the Midwest, and the Pacific Northwest.
Meekcoms points out that Florida, often seen as expensive, offers reasonably priced opportunities inland. "Due to its geography, even inland areas provide convenient access to the coast," he explains. "While coastal property is higher priced, the Panhandle, Ocala, Leesburg, and other inland areas offer more affordable resort options."
The investment potential is not solely based on property value appreciation. These resorts and communities generate income through seasonal agreements, allowing for rent increases as demand grows. "Residents receive excellent value, and investors enjoy solid returns," concludes Meekcoms.
By focusing on strategic investment in high-potential, lower-risk areas, Parkbridge Capital exemplifies successful real estate investing in today's market.
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