Is South FL Real Estate even worth it anymore??? SO EXPENSIVE!

[Chris Rivers]

Ugh I am so discouraged with the real estate market in south FL. I live in the Ft. Lauderdale/ Dania Beach Area and want to invest locally (Broward County) since it seems like the most logical thing to do. Problem is I feel like the pricing is outrageous compared to a few hours north. Getting a loan might be tougher to get down here than if I were to invest in say Orlando/ Clermont area; i think. I need some wise and encouraging advice right now guys lol. Should I even consider the beginning stages of investing in sfl. Am I over reacting about the market? Am I looking in the wrong places? Help please :( 

[Jason Brown]

@Chris Rivers There are definitely deals here. As a buy and hold investor here in Miami I understand how you feel. It seems like nothing is within a decent price point. I recently closed on my first deal in November of last year. People don't really talk enough about the fact that Miami has the most disproportionate rent/income ratio in the US and I mean #1. Filling your rental property at top price here is much easier and with interest rates being as low as they are it is still time to take advantage if you can develop relationships with good local lenders to help you grow. Its all about perspective and the hustle you put in. Since starting my REI journey a year ago I've hand mailed thousands of direct mail letters, run around at 3 am in the morning putting up or looking for bandit signs for deals, made contact with dozens of wholesalers and even ventured to a few REI meetups. If youre just looking online at the MLS youre not going to see much in my opinion. keep pushing!!!!!!!