Panama City Florida

[Shane Lloyd]

Hello everyone, my name is Shane Lloyd, I’m a licensed builder here in Atlanta, GA and just recently applied for a builders license in Florida.  I was wondering if anyone here has done any recent flipping projects in the Panama City, Florida?  I’m somewhat familiar with the area, but any advice on what neighborborhoods / areas we should concentrate on for flips would be extremely helpful.  Are there any surrounding areas that you would also recommend?   My goal is to build capital on the flips and transition to building new beach homes in the 30a corridor for rental income.  

[Daniel Walker]

On 30A, to capilize on VR income, here is what I see that create the most income:

1.  Light and bright (quartz and stainless steel, woodwork like shiplap or nickelgap on walls, the highest end has wood work on the ceilings as well)

2.  Pool (even a dip pool will work)

3. Bedroom downstairs (master if enough space)

4. Outdoor entertaining area

5.  Find a space for bunks (as many people that can sleep the better)

6.  For resell a garage helps and if you go more than 2 stories an elevator helps.  

For you flips, it might take some time before before you can flip it because in some areas it still looks like a war zone.  BUT there are tons of misplaced individuals and renting long term could be done in days for a premium.