Looking for Southeastern Florida investments

[Mike Buckley]

Hi, I'm fairly new to the Southeastern Florida area and I'm looking to diversify my real estate to this region of the country. Was looking for a well knowledged realtor of investment properties in this area.

[Christian Cascone]

@Mike Buckley  Too funny...I'm actually heading to Boston this week and plan to look at a few investment options in East Boston to diversify the portfolio.  There are literally eight advertised multifamily properties available for sale in all of Boca Raton as of today...all are vastly overpriced, save for one, which is modestly overpriced.   

Finding a great property and investment brokers in South Florida requires relationship-building.   You are very likely going to need to spend some time down here networking, attending meetups/events and building resources on the ground.  No one will look out for your interests as well as you.

There are thousands of agents from Palm Beach to Broward, but as in any market, there are a precious few that stand out...and those few have a massive established network of investors to whom they offer the best deals first.   These brokers are so busy, that they need to know that you are a closer and ready to move quickly.  

We are closing on a 48% below ARV market deal next week in which we beat out 14 other offers because we had no buyer's agent, giving the listing broker a 60% higher commission. The broker on that deal literally offered me another 35% below market deal the day we put this one under contract...because another buyer couldn't perform in time. She didn't even bother to relist, she just changed the buying entity name on the contract.

You won't find that kind of deal on any website.  Come on down, spend some time and get to know some folks...otherwise, it might be tough to find a true investment grade deal from afar.