Any investors in the West Palm Beach area?

Question

Oscar Jacome · Answer

@Juan Rubio There is BP meet up every month for investors around the Palm Beach county. It is a great opportunity to meet other investors and develop relationships with like minded people. Feel free to contact @Jon Huber, he is the one that organizes the meetings. The next one is February 10th.

Best Regards,

Oscar

Best Regards,

Oscar

Mike Watson · Answer

@Josh Saladino

The Palm Beach County market is picked over with very few deals at the present time. Cap rates are very, very low. I have numerous investors throwing money at me to find them multifamily properties, but we haven’t been able to make sense out of the numbers.

Allyssa McCleery · Answer

Yes the meeting is at gizzis coffee in delray from 1pm-4pm

Brian Garrett · Answer

Hey Juan I’m looking for deals in the area so if you come across anything that you’d like me to look at feel free to reach out anytime!

Fahim Ahmad · Answer

Hi @Juan Rubio,

I recently start investing in Palm Beach County remotely from NY last summer with 2 town houses (both roughly 150k, $1300 rent).  Seems very low maintenance thus far.

Prices seem to be rising and I am looking for good deals as well!

Mike Watson · Answer

If the numbers make sense after the condo association fees / homeowners association fees the next step is to see if you can speak with an association board member to confirm there are no upcoming construction projects that will lead to assessments. There are many affordable condos in the North Palm Beach area but many of those buildings are at the 30 to 40 year mark. Some have reserves for major restoration, but many do not. 10k to 20k assessments are not uncommon in old Florida buildings.

Josh Saladino · Answer

@Mike Watson appreciate you chiming in.  I was looking at some lower priced condos or houses with HOA and not sure if they would work.

Josh Saladino · Answer

Any update to this?  Id love to learn about the WPB investment property market.  It seems condos can cash flow but HOA can be deadly.  Any insight would be great!

Felipe Carvalho · Answer

@Juan Rubio how has investment been in the area? i'm looking to working in the dleray beach area and wondered if you had managed to get to the monthly meetings or started on your investments

Any investors in the West Palm Beach area?

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