Types and Strategies in South FL

[Cody Harris]

Hello BP Members,

This thread is geared towards investors in South Florida, specifically Palm Beach, Martin and St. Lucie County. I'm currently in the education phase, reading, lisenting and trying to glean as much information as I possibly can in order to take action and be successful. 

My question is what types of deals have been most succesful for you in this particular market? (South FL). Flips? Wholesale? Commercial? Have you had success finding deals for good cash flow rental properties?

I'd love to generate a portfolio of rentals as well as to participate in flips. Any advice would be greatly appreciated!

Thank you,

-Cody

[Account Closed]

@Cody Harris

You can find all that and more here in south FL. Its just important to specialize in how you find your deals and the rest will go from there.

I have had the most success with Multi's, Trailer Parks and Residental BRRR deals. When I flip quick I get burned on short-term capital gain tax. If you can manage to hold your assets for longer than a year you can get a much more favorable tax rate.

If you ever need CPA's, attorneys, etc. let me know and I can point you in the right direction.

Happy hunting,

- James