Seeking other Real Estate Investors in Florida

[Keleisha Carter]

I am Keleisha Carter and I’m in the process of starting my career in Real Estate Investing in Florida. Interested in meeting other investors in the area and seeking any form of advise for a newbie

[Tchaka Owen]

@Susan O., it is imperative to remember that real estate is local. And local can be as specific as inter-city. Florida is large...Key West to Pensacola is easily 12 hours. So generalizing on rents likely won't yield the answer(s) you seek. Multi-family trends is not unique to FL; IMO, if the multi-family numbers work, it's a buy. If not, move to the next.

Lastly, while Palm Beach County is considered "South Florida", WPB is much more affordable than most other places. A $100k condo is not unheard of - even lower priced can easily be found. But down in Broward and Dade, $100k buys you a lower-end place (the area boasts many 7-figure and even a few 8-figure units). Do you need 6-10% yearly rent increase to make it as an investor? You make your money when you buy so as long as you are cash flow positive and you can increase rent by the rate of inflation, you should still do alright. My 0.017 Euros.