Florida Real Estate Investment Advisors

May 6, 2008: Florida real estate investors turn to financial advisors

Throughout Florida, real estate investors in Miami, Tampa, Naples and across the state are being affected by the downturn in the market. As investors, these individuals need to take the following action to help insure their financial health:

1. Find a good investment advisor, wealth manager, or financial planner who has experience with real estate. There are many advisors and planner in Florida who understand real estate, including the financing, taxes and current conditions. These advisors can look at your holdings in the context of your overall financial plan.

2. Work with your wealth manager or investment advisor to look at your holdings and make sure you are diversified. If you have a diversified portfolio, a small portion in underperforming real estate may not affect your financial health. If you are not diversified, and you bet too much on real estate, then you will need to seriously consider when to take a loss and may have to work with your advisor to change your financial plan to include a delayed retirement or lower spending.

Many Florida investors are in a serious situation and need to take action now. The first thing to do is find the wealth manager or investment advisor with experience that you can trust. The second is to review your financial plan with all options on the table.