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Updated almost 10 years ago on . Most recent reply

User Stats

113
Posts
36
Votes
Esaul Viramontes
  • VENICE, FL
36
Votes |
113
Posts

All suggestions and/ or ideas Welcome!

Esaul Viramontes
  • VENICE, FL
Posted

I will give my situation with as much info and as BRIEF as possible. I have been Realtor for 12 years in SLC, Utah. We are planning on selling our home here and moving to "anywhere" Florida. We should have about 70-80k in cash after the sale of our home. Due to my Real Estate biz I will NOT qualify for a traditional mortgage UNTIL I have 1 year in the business in FL. One idea I have is to fix and flip as there are houses down there for 30-60k which you can turn and sell and make10-15k take home.(I have been scouring Realtor.com religiously for a few months now) Another Idea is to buy a duplex in this same price point that way I have intstant cash flow and We could live in one unit, a luxury I WONT have in the fix and flip model. We have it " Made" in Utah and realize and are ready to face sacrifices to make our Florida dream come true after a few years of hard-work. I have been playing many scenarios in my head and its driving me nuts. I wouldnt say Im a complete "newbie" since I can gauge costs extremely well and have one flip under my belt.....BUT would love to know what experienced folks would do if they were in my situation. All your input / advise would be extremely appreciated. Thanks in advance! :)

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