All Forum Posts by: Ryan Cleary

I'm an agent in South Florida, and an investor - here's what I see and what I know.

I just sold an Airbnb for 1.3 million in West Palm. This airbnb had everything, totally perfect. So desirable in fact that an agent fro Ryan Serhant's office personally flew down to check it out and make an offer. We got under contract within 14 days of listing and closed 2 weeks later. I marketed this property as a business - as it brought in 155K in gross revenues , could go to 180K with some extra work.

I see many people who got into the airbnb game 3 years ago trying to unload now, almost at cost. When I comped out the property there were 7 others trying to unload. I held open houses - people flooded in. I shot IG reels and Youtube Content - people DM'd me about the property. 

Prices are softening by 10%-20% - not because the demand isn't there - people want to buy. Most don't have the capability to buy with IR so high. 

It should be noted that many investors came through my property, loved how I was marketing it, but this wasn't the perfect investment for them.

What's happening is that there is ZERO competition - so buyers/ investors/ are subconsciously waiting on the sideline for someone to give them the all clear. 

I honestly see them raising IR by end of year - prices are still increasing, especially for insurance premiums. 

I also see demand surging at the first rate cut. We are in a reverse frog boil environment  - Instead of boiling to death slowly they raised IR so fast that people are unsure/unclear when it's a good time to come back in - they will more than likely lower rates 1/8 to 1/4 point at a time, incredibly slow to allow the market drip back to normal preventing a surge

I'm also seeing people drop $5,600,000 in cash to $13,000,000 in cash like it's nothing

Cash rules down in florida even on 889K deals 

Hey, I'm new to investing and want to learn as much as possible in this industry. I have pretty basic knowledge and work at a real estate investing company as a wholesaler in Fort Lauderdale. I am looking to connect as a wholesaler and as a new investor in the Southeast Florida region. If anyone wants to connect reach me through my sell or message me! my personal cell (217 )331 4309
Gavin Craggs | SL3610198
Aurumys
110 SE 6th St Suite 2330, Fort Lauderdale, FL 33301
Office cell | (303) 913-0016

I am Wholesaler, Flipper and Creative Subto/Creative Financing Investor/Buyer/Seller as well as a Realtor in Miami-Fort Lauderdale-Palm Beach and Bay Area.