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Updated over 7 years ago,
Finding Deals in South Florida, Do They Even Really Really Exist?
How are people finding deals in the south Florida markets?!
My name is omar, and this is my nightmare. I was born and raised in the Miami/South Florida area. I'm a general contractor, and owner of Fikon Construction. I work exclusively with investors (mostly foreign) remodeling and fixing their fix n flips. Just recently I was presented with the opportunity to work with a family member of mine to do a fix and flip... and so the journey began.
after going through all the google pages searches for "wholesale miami" or "miami wholesale deals" I now get 5 to 7 emails a day where wholesalers list their "deals"... whats wrong with these people?
the listings are basically 7 to 8 "deals" with 100k spreads that are waaaay too good to be true. They use sales comps that are sometimes 1.5-1.8x the sq ft of the house their trying to sell. just plain misleading, and makes me feel queasy about doing business with any of them.
so i get down to the question. How does someone, with money, with tons of remodeling/rehabbing experience, the best construction company in south florida, find. deals?! how? is it possible? where are the wholesalers with legitimate sales comps? how does one get into bidding on foreclosures?