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Updated about 6 years ago on . Most recent reply

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83
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85
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Nathan Killebrew
  • Investor
  • Clinton, Ms
85
Votes |
83
Posts

Destin Florida investors.

Nathan Killebrew
  • Investor
  • Clinton, Ms
Posted

Hi, I am staying on 30A near Destin Florida for the week on a trip. I have noticed an odd number of houses for sale. I would think in such a hot little area people would be holding their investments for the growth. Being new to the area I feel like I am missing something.  Any locals have any insight into this?

Most Popular Reply

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464
Posts
452
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Matt "Roar" Gardner
  • Real Estate Agent
  • Tampa, FL
452
Votes |
464
Posts
Matt "Roar" Gardner
  • Real Estate Agent
  • Tampa, FL
Replied

@Nathan Killebrew, Welcome to the area! I'm a Realtor and Investor in the area. I have an AirBnB and a flip that I just finished. The market is very hot right now, but even during a hot market, properties (especially investment properties) will remain unsold because they barely cash flow, if at all. Most of the good deals are under contract within 24 hrs though.

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