I live in Naperville, IL. We have two little ones (2.5year old and the newborn). My wife is stay at home mom and I work in construction (flooring-ceramic, hardwood as well as remodeling). I’ve been in this business for 17 years. Been trying to get into flipping for the past year but it seems that all good deals are going off the mls. Investor friendly agents all seems to do cash deals only and they want to see around 150k (which I only have closer to 50k). It just seems that I haven’t been progressing here in IL lately (in terms of REI and my own work) and that kind of frustrates me.
Having said that, we are planning on selling our 2 bed townhome and then either look for something livable well below market here in Chicagoland, regah it and sell it in a year or two. But seems like it will be hard. First finding the deal like that and then trying to renovate with two small kids. So, the other alternative, which most likely we will take, will be renting SFH. So, we figured if we will be renting then might as well try other markets. And that’s where Florida comes in, since we travel there a lot and we actually used to have timeshare in Palm Beach. However, I heard Naples area is doing really great. So, my question would be to the investors/ contractors living there, how is the construction market there? Anybody knows any good builders or GCs looking for good tile guy (references available). Also, are there decent investment opportunities or anybody willing to partner on the flipping side? And finally, which areas would you recommend to look for rentals that are not far from the beaches and not far commute to Naples. We were looking Fort Myers area. Seems like you could get nicer homes than in Naples for same prices. Thank you for any input on my situation.Thank you for your advice!
sorry to see you go! While I am not familiar with ft myers,FL, I know that there are always investors in every market.
And good dependable contractors are always in demand. At the end of the day, I think it's the network that you build that can help your investing.
Hopefully this bump will help you connect with local investors in FL as well.
@Chris T. It’s not a definate decision yet about the move. Just trying to get informed in case we are moving. Anyway, nice seeing you here on forums.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
Join the Largest Real Estate Investing Community
Basic membership is free, forever.