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Deric Dotson
  • Flipper/Rehabber
  • WEST HEMPSTEAD, NY
10
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119
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Is it safe to invest in Florida?

Deric Dotson
  • Flipper/Rehabber
  • WEST HEMPSTEAD, NY
Posted Aug 28 2010, 00:57

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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