Best areas in Florida?

Question

Hi everyone! This is my first post here and I’m new to Bigger Pockets in general.

My husband and I own a home building and flipping company that we opened last year. For a variety of reasons, I would like to relocate to Florida, however, I need to find a really good area for our business there in order for my husband to consider it.

My first inclination was Orlando, but after talking to several realtors there, it doesn’t seem to be as good for a flipper as I thought it would be.

Another area I really like is Pensacola.

Does anyone have any advice or suggestions? Specific areas that you would recommend would be super helpful.

Thanks in advance!

Brian Garrett · Answer

Lots of flippers down here in South Florida so it's a very competitive and expensive market.

The further North you go the cheaper the cost of living gets as a general rule of thumb.

Jeffrey Holst · Answer

Well then @Brian Garrett I guess Ill have to stick to Chattanooga for now.

Brian Garrett · Answer

I've only been looking at SFH's and 2-4 unit MFR's here in South Florida but it's very tough to find cash flow.

Most who are looking for cash flow are going out of state or up north to Jacksonville and other markets.

Jeffrey Holst · Answer

I am also interested in Florida,  does anyone have any thoughts on where one could get decent returns on rental units?  Id consider multis, single families vacation rentals whatever.

Colby R. · Answer

Very curious why Florida is so bad for flips; isn't the northern central Florida area growing?

What about for rentals?

What's the difference between above the line and below the line?

Jenna W. · Answer

Thank you, that is really helpful info. I wish it were different, but I’m glad for the honest feedback! I see you are in Tennessee, which is actually where my husband would rather go!

Will G. · Answer

much experience with florida...draw a straight line horizontally across the whole state, right above orlando and forget everything below it! And i still own a rental property below that line. If you are looking for a place to live, the answer may be different. If you are just looking for a place you can flip homes, i doubt it can be found in florida. Building new homes may be viable, but you would need a new licence and the regulatory environment is brutal. You are welcome to pm me for specifics

Best areas in Florida?

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