which area in FL is great for flipping currently

Question

is it central or south Florida?   Just curious for inputs from the florida investors.   Thanks.

Richard Kerski · Answer

Either.  There are 1000 people a day moving to Florida, and it is a big state. So, South Florida has a big population, lots of 2nd home buyers, and retirees so by population there are a lot of units to flip.  Central Florida is growing from being a business destination, and 2nd largest campus in the state, and a huge recreation market from the theme parks. I'm doing business in both. I am flipping Adult community property in the south because my retirees go for the better weather in the south, and I am Buying Buy/Hold in the Orlando area to rent to students and young professionals.  There is a lot of rural property outside of Orlando, so be careful not to end up looking at them.

Andrew Davis · Answer

Hey @Ron J., obviously all the Floridians have an opinion on where the best flips are found!

What I'm seeing in Central Florida, is that on the majority of REO's, they are basically pricing them at ARV - repairs.

Perfect example:  I'm looking at a buy and hold right now with a client.

Purchase price: $65k

Repairs: $30-35k

ARV: $115k at the most.

I'm not saying there aren't good deals to be had, but the good ones go really fast.

If you're serious about flipping, I would suggest connecting with a good wholesaler.

@Lucas Machado, @Yasmine Bisumber and Account Closed's book on flipping houses:

http://get.biggerpockets.com/flippingbook/

I wish you all the best Ron.

Ron J. · Answer

Thank you all for the input, I really appreciate it.   You investors on here are awesome and I love how we share knowledge to make each other better.   @Lee Scarlett Jacksonville is in the back of my mind also.  Where Is The Best Deals Found Over there, Auctions?

Lee Scarlett · Answer

Jacksonville Florida is your spot.  The numbers are here unlike most other places. 4/3 good area, $170k ARV... $84k

John Thedford · Answer

We have a guy in our local REIA (SW FL) that said he flipped 60 last year. He has his brokers license.

Account Closed · Answer

Depends on the county. South Florida's market has a quick turnover rate. However I always let the numbers and details speak for themselves. @Ron J.

Lee Scarlett · Answer

Hey Ron,

I'll PM you some details!

Paul Strauss · Answer

Exactly. There's no practical limit to the number of viable flips out there- at least I have not met the buyer who was in a financial position to exhaust the opportunities available.

Jeff Tumbarello · Answer

Every area is great if you have the right deal. I try to focus on end user areas with a high percentage of cash sales. Cash end buyers make for easy deals. Its all about the exit (once you buy it right, LOL)

Ron J. · Answer

I'm referring to fix and flips.  I'm looking at the south fl market and it seems extremely competitive and a tight budget for profit.   I'm not do sure about the whole sale market though.  Maybe it's different.

which area in FL is great for flipping currently

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