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Updated over 6 years ago on . Most recent reply

Matthew Ficorilli's profile image
Matthew Ficorilli's profile image
Matthew Ficorilli
  • Real Estate Broker
  • from Pittsburgh, PA
  • Member since Jan 19, 2012
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Matthew Ficorilli's profile image
Matthew Ficorilli's profile image
Matthew Ficorilli
  • Real Estate Broker
  • from Pittsburgh, PA
  • Member since Jan 19, 2012
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Matthew Ficorilli
  • Real Estate Broker
  • Pittsburgh, PA
15
Votes |
46
Posts
Florida Real Estate Q&A Discussion Forum

Sarasota/Nakomis

Matthew Ficorilli
  • Real Estate Broker
  • Pittsburgh, PA
Posted

Hell BP world!

I have a question for the investors in the Sarasota/Nakomis Florida markets. Is this a big rental area, flip, wholesale? I'm trying to find out as much as I can about the real estate market here. Any input would be greatly appreciated.

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Chris Ranney's profile image
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Chris Ranney
  • Professional
  • from Sarasota, Florida
  • Member since Sep 29, 2009
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Chris Ranney
  • Professional
  • from Sarasota, Florida
  • Member since Sep 29, 2009
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Chris Ranney
  • Professional
  • Sarasota, FL
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18
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Chris Ranney
  • Professional
  • Sarasota, FL
Replied

Matt,

I've been in Sarasota for about 6 years now.  Licensed RE agent.  We currently have 3.6 months of inventory(very low) and median prices over 200k.  This is a very tough market to break into.  If I had a dollar for every investor that wanted a fixer-upper around 150k I'd be rich.  A lot of folks are moving up in price to 300K and renting them out for $1 per sq ft.  I'd also suggest bringing cash. 

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