HUD Properties in Florida

[John Rogers]

As of right this minute there 378 HUD owned homes for sale in the State of Florida...

Everything from a 4/2 in Jacksonville for under $ 20,000, to a large Victorian in Walt Disney's "hometown America" community of Celebration, FL for just under $ 400,000.

If you are a new investor, find a Realtor that is HUD approved and take a look at the diversity of what HUD has for sale. A large number of these are "move-in" condition of a cosmetic upgrade at most.

The deals are out there, you just need to know where to look...

[Joe Harper]

hey guys

I've been appraising for 22 years

I've lived in Bartow for 13 years and Lakeland before that for one year. 

I started buying houses in Bartow in 2011 and now have ten in the city, and six others in The county. 

Bartow does indeed have "screaming deals" and the reason is location. Anything east of US 17 is going to be half of northwest and southwest Bartow. West of 17 say within 10 blocks, use a 25% discount. This is a culturally southern town with very clear neighborhoods. 

I could rent out 50 houses in Bartow. When I advertise on craigs, my phone blows up in a positive way. There is some flipping in town but there just aren't enough qualified buyers. Inventory remains tight because nobody is flipping and nobody can bring $40k hard money plus $20k rehab money. There is a distinct opportunity here in Bartow and Mulberry and Lake Wales. 

But it's only for the fix and rent and cash out refi niche. I welcome any JV and mentor opportunities.

I've got one under contract for $52k rent as is for $925. I've got another 3/1 concrete fronting a lake for $35k easy $850 rent after $6k rehab. I paid $26,500 for one and put $1,000 in it and I'm getting $800.