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Updated over 14 years ago on . Most recent reply

Deric Dotson's profile image
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Deric Dotson
  • Flipper/Rehabber
  • from WEST HEMPSTEAD, NY
  • Member since Jul 15, 2009
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Deric Dotson
  • Flipper/Rehabber
  • from WEST HEMPSTEAD, NY
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Deric Dotson
  • Flipper/Rehabber
  • WEST HEMPSTEAD, NY
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Commercial Real Estate Investing

Is it safe to invest in Florida?

Deric Dotson
  • Flipper/Rehabber
  • WEST HEMPSTEAD, NY
Posted

A broker told me the florida market took a turn for the worst and not to invest in florida unless it is a reo, and that you would be better off waiting a year to try and get financing for properties most lenders are pullind lending max to LTV 65%.The BP oil spill did a number on the fishing and tourism.

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"Buy when there is blood in the streets" - Baron Rothschild

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