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Updated about 7 years ago on . Most recent reply

User Stats

151
Posts
20
Votes
Arturo Borges
  • Specialist
  • Miami, FL
20
Votes |
151
Posts

High-end flips in Miami?

Arturo Borges
  • Specialist
  • Miami, FL
Posted

Hey,

I just wanted to get some input on the current market conditions and if there are high-end flips to do still in Miami, FL. 

Most Popular Reply

Account Closed
  • Vendor
  • Atlanta, GA
47
Votes |
101
Posts
Account Closed
  • Vendor
  • Atlanta, GA
Replied

@ Samuel Awosolu

Here is a report for the number of properties available South Florida counties - with owners who could be motivated to sell. Let me know if you want more detail.

+ Home market value over $500,000

+ Owners with high Equity

+ Single Family homes

+ One property per owner

+ Eliminate business owned

Two segments:

Absentee Owners

     Owner lives anywhere in US, 10+ Year ownership

Senior Homeowners

     Age 60-85, 20+ year ownership

CountyAbsentee   Seniors
Broward847   1631
Collier2185   1749
Lee1593   1256
Miami-Dade1287   428
Monroe1480   1060
Palm Beach1712   4296
Total9,104

  10,420

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