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Can you cash in on Florida's condo boom?

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    Baby Boomers already heading south

  • Duration 3:01
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He might be too young to retire but -- never too young to grab a great deal -- baby boomers are now relocating to retirement communities.

In Florida because the prices are flat out sensational joining us right now.

To explain real estate expert and the author of find it fix it and -- it might corporate Mike.

-- you profiled these condos for us.

Absolutely this is true what's happening is these retirement communities are not for your grandparents anymore.

Late baby boomers are moving in because right now there is a perfect storm that deals are fantastic.

Prices are going up at South Florida according to trillion they've been up.

Almost twelve and a half percent over last year so.

People are jumping in now to grab these amazing deals and -- condos.

Without actually great amenities in some of these retirement -- listings for example -- -- at this home Delray Beach, Florida the location the price to 28500.

Dollars.

That's right it's a one bedroom two bathroom Condo it's about 726.

Square feet its newly renovated it's got.

Amenity -- also a clubhouse golf tennis six swimming pools it's got exercise classes and even transportation to shopping.

And on this when your mortgage would be about a 124.

Dollars a month.

H a waste -- about 350 serial -- for 500 dollars a month you also found another place by the West Palm Beach the price is 23000.

Dollars.

Let's take a look at this one.

Another one this is -- a complex called century village it's one bedroom two -- about.

738.

Square feet it's a second floor unit with the corner would view his beautiful sunny bright.

Again great amenities clubhouse it's got a -- this one even has medical services.

On the facility and it's a fantastic deal I never heard a Sunrise, Florida but you found this Condo there.

For 141800.

Dollars.

An unbelievable.

Deal again in one of the complexes.

This one's got waterfront views it's got an enclosed porch it overlooks a beautiful lake it's a 55 plus community.

Again with great amenities tennis court that I think you have the Jim molding yourself most of the time -- -- and your mortgage on this 66.

Dollars are more right the only downside you -- eat at five and be in bed by eight.

Mike -- -- and -- under isn't there a minimum age.

I just thought they get subsidized by the county with -- community and you had to be a certain age.

You do it's 55 plus community.

Now also to keep in mind.

Not all of them are there's an expensive there are some that are far more expensive as well more amenities and those sometimes also have what's called an equity -- -- These that I just showed you they don't so for a very little amount of money many people would jump in -- -- right now Michael Corbett thanks so much is his book is out go out and get it thanks to thank you Michael.

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