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Updated over 4 years ago,
Realtor in SWFL, Working With Investors and My Own Portfolio
Hello Everyone,
I am a long time follower of the forums and listener to BP Podcasts, first time posting. I'm a Realtor based in Southwest Florida. The reason for me posting is, I have just acquired a few different groups of investors interested in various types of properties in Central and SWFL. I am also looking to begin my own RE investment career with SFR flips. I would like to make a career out of investing for myself and others, so I would like this discussion to be a placeholder for forming successful working relationships and idea exchange with other 'movers and shakers' throughout Florida. Below are the current property types that I typically work with at my firm. Any suggestions/tips about locating deals of this nature would be greatly appreciated, especially from those who have experience working in Florida. Don't be afraid to post questions of your own, I will provide any insight that I can on the topic as well. "Two heads are better than one."
1. Duplexes to Quadplexes (on or off the MLS, minor-medium rehab). These properties are in Central Florida or Southwest FL for there to be any interest (Gainesville, FL is an outlier we accept). Price max is $500,000, no minimum. These properties are either flipped or buy & hold income investments. 8%+ cap rate.
2. Single Family Residences located in Southwest FL solely for the intention of flips. Light to heavy rehab projects typically. Price max is $400,000, no minimum.
3. Multi-family apartment complexes. No minimum or maximum number of units, 5-200+. These are in Central or Southwest Florida. These opportunities boil down more to a Cap rate decision so we don't worry about price points (7%+ cap rate).
4. Retail Centers/plazas located in Central and Southwest FL. Low vacancies preferred but not mandatory. Also a cap rate decision (7%+ cap rate).
5. Lastly, vacant land zoned to support large multi-family developments. Minimum of 10/units per acre zoning required. Minimum of 20 acres needed, no maximum as we possibly can negotiate a subdivision if it's too large for our use. These deals are often taking place anywhere from North Tampa down to Sarasota, and Orlando.
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