Port Saint Lucie area

[Raymond Rodriguez]

Hello, 

I'm Raymond i am new to Port St. Lucie FL. I just moved from Orlando FL. But since I don't know much of the area and the plans that this city is going threw I will need to learn more about the area and development that PSL has for the future and build my power team. I am looking forward to my first deal. Any locals in the area that don't mind to JV with me let me know.

Thank you, 

[Michael Lee]

Hello and welcome to this website!  I live in Dallas County Texas and I am 60 years old and I have never been to the east of the Mississippi River so I cannot help you geographically but I know that Florida is growing.  As long as the new President does not screw it up Florida will continue to get a bunch of immigration and older people relocations.  Continue to learn as much as you can before starting.  Another thing you should do before starting to invest on top of niche and market selection, is to get your financing settled and ask them for a loan letter that states the actual average closing time and the maximum amount you qualified for.  You can include a copy of that loan letter with your offers to give the seller and they will have the idea of your capability.

The Chamber of Commerce people can give you an idea of future development in your investment area, city building inspectors that have been around a while, and experienced real estate Agents to give you an idea of what to look out for and current economies.  One other thing you should do might before you get very far is to look at office space that you can afford and has few distractions.  You can office in your living space if you can close it off and not be distracted by personal things to do or anything else.  Do not cut any corners to make something look better on paper.  Do what is average in that neighberhood.  The better that the neighberhood looks will help you resale.

You might consider your area is popular for closings might be your best area to select.  There might be more competition there but do not let that fear you.  Some of those competitors might be your friends.  Just be a dominate investor.  Know more than they do.  Track everything you do and review that regularly and see what you may do to reduce expenses and increase income.  Focus on income production and hire out everything else.

Good luck to you!