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Updated over 6 years ago on . Most recent reply
Investing in Southeast Florida
I have worked in the real estate industry for several years now (on the tax / accounting side) and as a result have developed an interest in real estate investing. I am interested in the southeast Florida market because I believe there may be growth opportunities there.
Is there anyone here that invests in the southeast Florida market that has any thoughts on opportunities in the following locations which I have been studying? Fort Lauderdale, Hollywood, and Davie
Lately, each time I visit I see new high-rise condo buildings being built so I am wondering if there is any risk of too much supply in the next few years. I appreciate your feedback.
Most Popular Reply
Well, I Respectfully disagree. I have been a professional investor for over 10 years. As an investor you should not be buying anything close to the market value. You need 15 to 20% cushion at the least. What is the point if you are buying close to market value?
Another advice- Stay away from Miami area condos. Overbuilt and cannot sustain. Also do not get attached to a property and over bid. Discipline is vital for long-term success!