First timer - HELOC for a fix and flip - Florida

[Maite Narciso]

Hi all!

Im new to BP and would like to become an investor. I'm thinking a HELOC and Fix and Flip. Could someone help me with how to access probate properties and if I do drive for dollars how do I research the info of the owners please?

Also I've been living in Florida since 1991, 30 years in Miami and now I'm in Orlando.  Not sure what area of Florida would be best for me to start? With the Heloc I should have $100K to invest, I was thinking single family.  I heard Jacksonville was promising but heard several investors are not doing well? 

Appreciate any advice :)

[Minna Reid]

Quote from @Maite Narciso:

Quote from @Minna Reid:

Quote from @Maite Narciso:

Hi all!

Im new to BP and would like to become an investor. I'm thinking a HELOC and Fix and Flip. Could someone help me with how to access probate properties and if I do drive for dollars how do I research the info of the owners please?

Also I've been living in Florida since 1991, 30 years in Miami and now I'm in Orlando.  Not sure what area of Florida would be best for me to start? With the Heloc I should have $100K to invest, I was thinking single family.  I heard Jacksonville was promising but heard several investors are not doing well? 

Appreciate any advice :)

We have a lot of investor competition here in Jacksonville. $100 K will leave you with extremely limited options. 

 Thanks for the reply Minna, I didn't make myself clear, I meant 100K down payment.  I prefer to be closer to where I live but If there are better areas in Florida to invest at the moment I would like to explore them.

Oh lol. Then you are good to go. I wouldn't focus on probate exclusively. There are lots of other properties available. 
North Florida in general has the best values in Florida. Jacksonville is steadily growing, but you can still find decent cash flowing SFH for 150ish. Most of our housing stock here is SFH anyway. If you have specific questions about Jacksonville feel free to reach out.