Investor · Boca Raton, FL · Member since 2015 · 58 posts · 20 votes
10y
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.
Investor · Boca Raton, FL · Member since 2015 · 58 posts · 20 votes
10y
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.
Investor · Jacksonville, FL · Member since 2012 · 68 posts · 7 votes
10y
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?
Real Estate Investor · Sunny Isles Beach, FL · Member since 2013 · 788 posts · 333 votes
10y
@Ron J. when you say "flipping" are you talking about fix and flips or wholesaling? Lately people (in South Florida at least) are using the term "flipping" for both...
@Ron J. when you say "flipping" are you talking about fix and flips or wholesaling? Lately people (in South Florida at least) are using the term "flipping" for both...
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.
Real Estate Broker · Fort Myers, FL · Member since 2008 · 1k+ posts · 323 votes
10y
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)
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)
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.
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?