Professional · St. Petersburg, FL · Member since 2014 · 39 posts · 14 votes
Hi,
I am an experienced multifamily investor that is relocating from central New York to Florida. I am going to join a REIA down there and wonder which ones are good. Also what area is the best for rehabbing properties? I hear good things about Daytona Beach and Miami. I cant wait to get down there and explore the different markets!!! I am new to BP but love the site and all the info available. I currently left my "job" as a finance director to pursue this full time, I have little cash to invest so I will also need to find some great private/hard money lenders that want to profit with me. Any help would be greatly appreciated. I'm very excited for the journey.
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Investor · Lacona, NY · Member since 2013 · 2 posts · 0 votes
12y
Jay K
Off topic a little, but I am from Central NY about 40 miles north of Syracuse and just wondering if you were leaving NY for investment purposes. I have been investing here for about 4 years part time and planning on going full time this year. Good luck in Florida!
I am leaving to try my hand at investing full time. The reason I am switching states is TAXES. I have had about enough of New York. I live close to Utica (about 40 miles east of Syracuse). Thank you very much for the encouragement. It is a big step for me to go and try it full time with limited funds.
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Investor · Maui, HI · Member since 2009 · 13k+ posts · 3k+ votes
12y
Hey @Jay Kiehn Thanks for jumping in and introducing yourself! Looks like you have some good experience with real estate! Don't be afraid to jump in and help answer questions or ask some of your own.
Oh- last thing: Have you setup your "Keyword Alerts" yet? If not - definitely add some. I'd recommend adding "New York Mills" so you'll be notified when people talk about your local area.
Investor · Wichita Falls, TX · Member since 2010 · 3k+ posts · 603 votes
12y
Welcome to the site @Jay Kiehn! Thanks for giving an introduction. It's always great to have investors with experience under their belts here on the site.
Congrats on making the leap and stepping outside your comfort zone to go full-time in REI. It's a long time dream of mine and it should be a reality within the next 3-4 years :)
Since you're going to take a stab at flipping while you're out there, I highly suggest reading/reviewing The Book On Flipping Houses . I feel even an experienced investor like yourself would benefit from having that book handy on your new venture.
See you around the site. Keep us posted on how the transition goes!
Thank you all very much. You are very helpful. I start my journey tomorrow. I'm looking forward to meeting new investors and seeing how the markets are down in Fl.
Professional · St. Petersburg, FL · Member since 2014 · 39 posts · 14 votes
12y
I am currently set up in Ocala, (temporarily) I am wondering if there are any investors in the area that I may be able to meet with. The market in this area is strange to me. There are very nice houses with some not so nice houses right next door and don't know how this affects the value.