Are fix-n-flips still a good investment in north Florida?

Question

I lived in north Florida from 2003 to 2008 and did a number of residential and commercial fix-n-flips during that time. I am considering moving back as I have family there and if so would plan to look for fix-n-flips to invest in. A lot of Jacksonville always seems kind of down and dirty then, but alot of that has probably changed over the last few years with the influx of buyers from elsewhere. I will be looking for an "investor" oriented realtor to bird dog properties and areas to invest. Any out there? I have been in construction/rehab/renovation most all of my life so I have that covered.

Since leaving FL I have been doing fix-n-flips in TN, CA, GA, NC and VA. I did the NC property out of state and was not happy about the returns so future ones will be in my backyard only.

Zachary Deal · Answer

Hi @Wade Wisner FL is one of our top states for fix and flip loans. We are seeing a lot of success with flips/BRRRR strategy all over the state. I would find a good real estate agent focused on investment properties and look at up and coming areas. Also as @Jake Baker mentioned we are seeing BRRRR investors have a lot of success in in Jax area. Would trust Jake's recommendations on agents!

Mark G. · Answer

Hi Wade! I just finished reading a Bigger Pockets blog post that says Florida will be one of the hottest markets for flippers and landlords in 2025. The list is a nationwide list the Miami-Fort-Lauderdale area made number 2 on the list Orlando was ranked 6 on the nation wide list, so judging by the post I think it would be safe to assume Florida is one of the best states for fix-n-flips.

Have a look at the blog post https://www.biggerpockets.com/blog/realtor-predictions-for-2...

David Martoyan · Answer

@Wade Wisner

Jacksonville has seen some significant changes over the years, with pockets of revitalization and a strong influx of new buyers driving growth. Finding the right realtor/wholesaler can be a huge advantage, especially someone who knows the local market trends and can spot areas with hidden potential. With your construction background, you’re already a step ahead. Best of luck diving back into the Florida market!

Erik Estrada · Answer

I think the main factors you should consider in Florida are the following:

1. Insurance. In my experience, financing fix and flips can be challenging if you do not have a solid insurance company. You will need to make sure you meet all the lender's requirements if you are planning to buy with a loan.

2. Impacted Areas.

Many lenders will not lend or temporarily stop lending in areas that are prone to hurricanes. Do consider this when planning to buy.

3. HOAs

There are many HOAs that do not have wind coverage. This can be challenging when trying to purchase a condo with a mortgage. Make sure you know this upfront.

Jake Baker · Answer

@Wade Wisner

I have been doing flips and BRRRRs in Jax for five years. I will send you a PM for some agent referrals.

We pretty much only do BRRRRs since flipping has been unreliable for us over the last couple of years. I have changed my rental strategy to short-term rentals and co-living (rent by room) to allow for more cash flow.

Deborah Wodell · Answer

Hi Wade, fix-n-flips can still be a solid investment in North Florida, especially with Jacksonville’s growing market. Focus on undervalued neighborhoods with potential for appreciation and partner with an investor-friendly realtor who knows the area. With your construction experience, ensure you stay on top of renovation costs and timelines to maximize returns.

Wade Wisner · Answer

That is good news. Thanks for the info. Wade

Are fix-n-flips still a good investment in north Florida?

Are fix-n-flips still a good investment in north Florida?

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