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Updated over 14 years ago on . Most recent reply

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119
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10
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Deric Dotson
  • Flipper/Rehabber
  • WEST HEMPSTEAD, NY
10
Votes |
119
Posts

Is it safe to invest in Florida?

Deric Dotson
  • Flipper/Rehabber
  • WEST HEMPSTEAD, NY
Posted

A broker told me the florida market took a turn for the worst and not to invest in florida unless it is a reo, and that you would be better off waiting a year to try and get financing for properties most lenders are pullind lending max to LTV 65%.The BP oil spill did a number on the fishing and tourism.

Most Popular Reply

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5,723
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8,877
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Don Konipol
#1 Innovative Strategies Contributor
  • Lender
  • The Woodlands, TX
8,877
Votes |
5,723
Posts
Don Konipol
#1 Innovative Strategies Contributor
  • Lender
  • The Woodlands, TX
Replied

"Buy when there is blood in the streets" - Baron Rothschild

  • Don Konipol
business profile image
Private Mortgage Financing Partners, LLC

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