Investing in Southeast Florida

[Michael Torhan]

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.

[Vic Iyer]

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!