Currently living in Miami/Ft Laud and Naples, working on SFH fix-and-flips. I've done two properties recently, but the profits were just okay. I'm looking for more wholesaler recommendations that I could work with (the ones I've found recently have been helpful). I'm clearly not picking the right properties and do not want to repeat this. Trying to move forward but still need to figure out the best way to find the right wholesalers and areas to focus on. Any help would be great - thank you
@Ken M. I don't see myself doing the cold calling part- would like to find trusted lists and then go from there I believe
Sorry, there is no such thing as trusted lists. There may be trusted wholesalers, but that is hit and miss, that you find over time. Not all wholesalers suck and not all wholesalers are good. If you go that direction, take your time and let things play out.
Currently living in Miami/Ft Laud and Naples, working on SFH fix-and-flips. I've done two properties recently, but the profits were just okay. I'm looking for more wholesaler recommendations that I could work with (the ones I've found recently have been helpful). I'm clearly not picking the right properties and do not want to repeat this. Trying to move forward but still need to figure out the best way to find the right wholesalers and areas to focus on. Any help would be great - thank you
Would you like to learn?
Learn 10 Low Cost Ways To Buy A House.
1. Subject To (Subto) (Take over the mortgage & own the property)
2. Land Contract (deed transfers when last payment is made)
3. Wrap (seller sells with mortgage that mirrors their mortgage
@Ken M. I don't see myself doing the cold calling part- would like to find trusted lists and then go from there I believe
Sorry, there is no such thing as trusted lists. There may be trusted wholesalers, but that is hit and miss, that you find over time. Not all wholesalers suck and not all wholesalers are good. If you go that direction, take your time and let things play out.
@Ken M. I don't see myself doing the cold calling part- would like to find trusted lists and then go from there I believe
Sorry, there is no such thing as trusted lists. There may be trusted wholesalers, but that is hit and miss, that you find over time. Not all wholesalers suck and not all wholesalers are good. If you go that direction, take your time and let things play out
Specialist · Member since 2025 · 483 posts · 270 votes
10mo
Tight flips start with tight sourcing, so raise your bar and your volume. In Miami/Ft. Laud and Naples, build a rotating bench of wholesalers by 1) posting your buy box and proof-of-close in local FB/Discord/Meetup groups, 2) calling title companies and investor-friendly agents to ask which wholesalers actually closed in the last 90 days, 3) filtering fast using a noise-to-numbers scan: require address, photos, real comps within tight distance, a written scope, and their ARV assumptions; if they can't provide, pass. Track each wholesaler's hit rate, close two deals with the top few, and replace the rest. Parallel path: target micro-areas where days-on-market are rising and price cuts are frequent, then work expireds and pre-foreclosures directly so you're not dependent on wholesaler quality.
Rental Property Investor · Miami · Member since 2022 · 247 posts · 75 votes
10mo
Derwin,
“Everyone’s chasing the deal, but the smart ones build channels that bring deals to them. At the end of the day, it’s all about relationships — same old story.”
go to local networks meet face to face yoou wil find deals Luis Maquiera MMP
Hey Drew, sounds like you’ve got the experience but just need the right pipeline and markets to scale. In the Midwest, there are plenty of off-market single-family and multi-family deals that are cash-flowing and undervalued. Focusing on these areas can give you solid flips or buy-and-hold options with strong returns. Partnering with the right network of local wholesalers and agents can save you time and help you consistently find the right deals.
Hey Drew, sounds like you’ve got the experience but just need the right pipeline and markets to scale. In the Midwest, there are plenty of off-market single-family and multi-family deals that are cash-flowing and undervalued. Focusing on these areas can give you solid flips or buy-and-hold options with strong returns. Partnering with the right network of local wholesalers and agents can save you time and help you consistently find the right deals.
Hi Arman I've been looking in the Midwest a bit I'll call you today thx- 561-305-8567
I run a flooring removal company here in Broward, Miami, and Palm Beach. If you ever need flooring removed or light demo services to get a property ready for tenants or renovations, feel free to reach out. Wishing you the best on your investment journey out here!
Investor · Miami, FL · Member since 2026 · 20 posts · 7 votes
6mo
The margins on SFH flips in Miami have gotten tough — between insurance costs running $1,100–$2,800/unit depending on flood zone, millage rates of 17–24, and purchase prices that have already appreciated 60–130% over five years depending on the area, there's just not much meat left on the bone for quick flips.
Something worth considering: small multifamily buy-and-hold in the areas where gentrification is actively moving. Little Haiti / Upper East Side has seen 120% appreciation over five years with rent growth at 5.5%, and prices are still $230–310K/unit — the Magic City Innovation District is anchoring that change. Edgewater is similar: 110% five-year appreciation, ~$3,058 avg rents, 6.5% vacancy. Both are direct spillover zones from Wynwood, which itself has done 130% appreciation but with insurance as low as $1,200/unit because it sits in FEMA Zone X (no flood risk).
The consistent cash flow from a 2–4 unit in one of these neighborhoods might end up beating what you're netting on flips, without the deal-by-deal risk. Cap rates in these zones run 4.8–5.8%, and the rent growth trajectories are strong enough that you're building equity on both sides. Worth running the numbers on a small multifamily before locking into another flip.
Currently living in Miami/Ft Laud and Naples, working on SFH fix-and-flips. I've done two properties recently, but the profits were just okay. I'm looking for more wholesaler recommendations that I could work with (the ones I've found recently have been helpful). I'm clearly not picking the right properties and do not want to repeat this. Trying to move forward but still need to figure out the best way to find the right wholesalers and areas to focus on. Any help would be great - thank you
Investor · MI · Member since 2016 · 82 posts · 16 votes
6mo
@Drew Mullin , you should look into putting together your own deal pipeline. Yes, marketing costs money, but it will give you a consistent deal flow and the ability to negotiate your deals directly with your own motivated sellers! We run a decent sized mailing campaign and generate multiple deals per month to flip! Combing the MLS and waiting on a wholesaler to bring you an actual good deal can be a nightmare. Id suggest jumping in the driver seat and bringing your own leads in at a pace you can handle.
Real Estate Agent · Los Angeles, United States · Member since 2021 · 392 posts · 162 votes
3mo
Luke and Santiago both hit on the core issue: the SFH flip model in South Florida is harder than it used to be because input costs (insurance, labor, materials) have increased significantly while buyer pools have compressed due to high mortgage rates. The margin that worked 3-4 years ago at the same purchase price doesn't work today.
The wholesaler-dependency problem is real and it compounds the issue. Most wholesalers are marketing deals that "almost work" — they leave themselves enough margin and you end up with the scraps. The best flippers I know in high-cost markets either source their own deals (direct mail, probate, driving for dollars, expired listings) or have such strong relationships with a handful of wholesalers that they get first call before deals go to the list.
If you want to stay in FL, I'd look at whether your buy criteria needs to shift — either smaller deals with lower capital requirements, or pivoting to the buy-and-hold model Santiago described where you're building long-term cash flow in appreciating submarkets rather than competing for tight flip margins. Feel free to reach out if you want to talk through where the better opportunities are right now.