Recommendation for Ft. Lauderdale Investment
I am looking for recommendations for investment in Ft. Lauderdale. I did some basic research and it seems to me that area around zip code 33313 is attractive. Any other areas folks would recommend? Any agents who have helped with investment properties before?
Happy to help, like I have helped many before :)
@Abhishek Singhal I’m also looking at 33311 which is also an attractive and growing area.
I am also wondering what you guys think about buy and hold in 33311 and 33313?
They are worst and second worst zip codes in Fort Lauderdale in terms of crime rate and income.
https://www.google.com/maps/d/viewer?mid=10FPUhRVoMy2EIJjJJQVkx-qkEcs&msa=0&ll=26.149570593067047%2C-80.3404266064453&z=8
Finally a post about my own back yard! I live in Plantation, 33317. These areas are in lower income for sure, not the safest either. I personally haven’t thought about 33313 only because I myself don’t really want to commute or travel through these neighborhoods. Zillow shows SFHs listed from around $265- $350k for a 2-3 bedroom in 33313. Seems overpriced to me. The area isn’t developing, no new shops, businesses or recreational areas, sellers are just asking more. The area that is developing is 33311. Message me if you want to connect. I’ve been driving the area looking for investing opportunities
Looking to buy my first flip in the new year in the Ft Lauderdale area or parts of Miami. Location, location, location is a must. Any recommendations on areas I should look into? Up and coming areas?
Thank you.
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Both 33311 and 33313 are growing to an extent. Personally, I invested in a condo in 33313 at a below market price (IMO) with a high cash-flow. I wouldn't call the specific area that I bought in "dangerous" but I wouldn't call it super safe either. There are still deals to be found, but I can tell you it has gotten a lot hard than it was even 3-4 years ago. Be patient and find the right place that you are comfortable with
yes!! i have the redevelopment maps for this area, i was going to buy a duplex in this area but there was an illegal addition and I backed out of it :(
Plenty of opportunity in 33313 and 33311...Plenty of areas that are “safe” within these zip codes..born and raised in Fort Lauderdale
just moved and bought a 2/2 in lauderdale by the sea, got some offers on a 2/2 for 160k, listed 162k in pompano beach to rnet/airbnb asap but i backed out. few condos allow rent right awayand i specifically want a 150k ish 2bed, what r good areas east of the 1? north ft lauderdale seems to develop best imo
Everything down here is overpriced which is great for us living down here and working the market. There is only one way to get these places cheaper but its a risk. But then again, no risk no reward. I actually believe and seen that the area does not really matter, anywhere you buy you will not have a problem selling/renting/leasing.
The west side of Fort Lauderdale has a lot more affordable options compared to East of Federal Highway. Plantation and Davie could be a good area to check out as well!
I too purchased a 2/1 condo in 33311 right in the middle of the redevelopment zone off market and undervalue. Currently a live and flip that will be turned into either a long term rental or short term traveling nurses. 33311 has buildings being knocked down and built right back up month to month. If you drive through it once a month you can see a decent time lapse of it changing. Not the safest neighborhood - yet. But it's definitely going through a growing pain that if the opportunity presents itself, your portfolio will love. Don't rule it out with the current crime stats.
