Identifying areas in southern Florida

Real Estate Deal Analysis & Advice
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Identifying areas in southern Florida

Drew Mullin
Member since 2024 · 80 posts · 32 votes

Hi beginner for fix and flips. I need help. Anyone in southern Florida that could offer advice - def not looking for some program etc. 
would it make sense to try and partner with someone so someone else could help with identifying properties and both kindof would profit monetarily as well as stand at risk? 

is Florida too right do I need to look at other states. Help plz. lol 

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Jimmy LieuBusiness Member
Real Estate Agent · Columbus, OH · Member since 2019 · 3k+ posts · 2k+ votes
11mo
Quote from @Drew Mullin:

Hi beginner for fix and flips. I need help. Anyone in southern Florida that could offer advice - def not looking for some program etc. 
would it make sense to try and partner with someone so someone else could help with identifying properties and both kindof would profit monetarily as well as stand at risk? 

is Florida too right do I need to look at other states. Help plz. lol 

Hey Drew, welcome to BiggerPockets! Partnering can definitely make sense, especially when you’re new and want someone with more experience to help with identifying deals, managing rehabs, and understanding local numbers. Just make sure any partnership is built on trust and that roles, responsibilities, and profit splits are super clear up front. Florida is still active for flips, but margins are tighter in many areas because prices have gone up a lot. If you’re open to looking out of state, you might want to check out markets like Columbus, Ohio. It’s still super affordable compared to most places, and there’s a ton of growth happening here—population is increasing, jobs are booming, and big companies like Intel, Amazon, Facebook, Google, and Honda are expanding in the area. Because prices are still in that $120K–180K range, you can find flips or light rehabs that actually pencil out and even keep some for long-term rentals if you want steady cash flow. Happy to connect and answer any questions you have!

[email protected]614-300-7535
Jimmy Lieu, Red 1 Realty4.9120 Reviews
WebsiteView Page
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  • Jeff Hamann
    Member since 2025 · 23 posts · 12 votes
    11mo

    Drew, where are you based? If it's your first time, I'd suggest trying to stay local. Things happen, and you'll learn real quick you can't always rely on your local maintenance person to handle.

    Southern Florida, just like anywhere, has good and bad places/cities/neighborhoods to invest in (and at the same time, you can often find a great opportunity in a "bad" place, or a terrible opportunity in a "great" place).

    Partnering with someone more experienced can be a big boost, especially for your first deal. But if you're new, obviously any partner would want to vet you (and you absolutely need to vet them). If you have a local investor group that does meetups, that can be a good place to kinda feel out what's possible.

    0Reply
    • Drew Mullin
      OP
      Member since 2024 · 80 posts · 32 votes
      11mo

      @Jeff Hamann hi Jeff thanks so much for the response. Yea I've been reaching out to a lot of people have found some that have been helpful. Having a hard time believing my findings when it comes to comps. I'm in Miami myself- where are you located 

      0Reply
  • Drew Mullin
    OP
    Member since 2024 · 80 posts · 32 votes
    11mo

    @Account Closed thanks Alex! How do I find which suburbs or smaller cities to target?? I would love to do that but have no idea where to start w that 

    0Reply
  • Reginald TrussPro Member
    Lender · Toledo, OH · Member since 2015 · 1k+ posts · 96 votes
    11mo

    Hey Drew — solid question. South Florida still works for flips, but you’ve got to be strategic since margins are tighter now. The trick is finding pockets with strong resale demand, decent entry prices, and quick days on market.

    Teaming up with someone who already knows how to find and fund deals can definitely shorten your learning curve — that’s how a lot of newer investors get their first few wins.

    I work with investors throughout Florida on deal structure and funding, so I’ve seen what’s working right now. If you ever want to chat strategy, shoot me a quick message here and I’ll point you in the right direction.

    — Reggie (“Loan Father”)

    0Reply
  • Jimmy LieuBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2019 · 3k+ posts · 2k+ votes
    11mo
    Quote from @Drew Mullin:

    Hi beginner for fix and flips. I need help. Anyone in southern Florida that could offer advice - def not looking for some program etc. 
    would it make sense to try and partner with someone so someone else could help with identifying properties and both kindof would profit monetarily as well as stand at risk? 

    is Florida too right do I need to look at other states. Help plz. lol 

    Hey Drew, welcome to BiggerPockets! Partnering can definitely make sense, especially when you’re new and want someone with more experience to help with identifying deals, managing rehabs, and understanding local numbers. Just make sure any partnership is built on trust and that roles, responsibilities, and profit splits are super clear up front. Florida is still active for flips, but margins are tighter in many areas because prices have gone up a lot. If you’re open to looking out of state, you might want to check out markets like Columbus, Ohio. It’s still super affordable compared to most places, and there’s a ton of growth happening here—population is increasing, jobs are booming, and big companies like Intel, Amazon, Facebook, Google, and Honda are expanding in the area. Because prices are still in that $120K–180K range, you can find flips or light rehabs that actually pencil out and even keep some for long-term rentals if you want steady cash flow. Happy to connect and answer any questions you have!

    [email protected]614-300-7535
    Jimmy Lieu, Red 1 Realty4.9120 Reviews
    WebsiteView Page
    1Reply
  • Juan YepesBusiness Member
    Lender · Miami, FL · Member since 2025 · 125 posts · 35 votes
    10mo

    @Drew Mullin South Florida is one of the strongest real estate markets in the country, with high demand and strong long-term fundamentals. There are other hot markets worth considering as well, but the right choice really depends on your budget, timeline, and how hands-on you want to be.

    Whether partnership is the right path depends on whether you want to stay hands-off long-term or only while you learn, and whether you’re comfortable splitting profits with a partner.

    For new investors or investors entering a new market, it’s important to validate your numbers with people who work in that segment every day. For example:

    • Contractors can help confirm renovation costs
    • Realtors can help you estimate ARV and post-renovation rental rates
    • Lenders can help you understand financing and loan costs
    • Appraisers come into play once you’re under contract and need a formal valuation

    You can also partner with someone who takes the active role while you remain the silent partner, but you’ll want to make sure the profit split still gives you a return that’s worth your time and capital.

    If you want to talk through options, feel free to DM.

    [email protected]
    Helm Mortgage Corp - Juan Yepes, Director5126 Reviews
    WebsiteView Page
    0Reply
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