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Updated over 4 years ago on . Most recent reply

User Stats

44
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22
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Roi Azoulay
  • Investor
  • Paramus, NJ
22
Votes |
44
Posts

Investment opportunities in Florida

Roi Azoulay
  • Investor
  • Paramus, NJ
Posted

 Hi everyone! 

 My name is Roi and I am currently residing in Brooklyn, NY. I have worked in real estate in NYC for the last 10 years. I am seeking flip/buy and hold opportunities in Miami-Dade, Broward and Palm Beach Counties. I am planning to relocate to Florida   with my family in the next 1-2 years. I will be in Miami Dade/Broward during the month of July and hoping to connect with other investors/realtors. Any and all suggestions and advice are welcome!  

Most Popular Reply

User Stats

49
Posts
49
Votes
Kyle Funnell
  • Real Estate Agent
  • West Palm Beach, FL
49
Votes |
49
Posts
Kyle Funnell
  • Real Estate Agent
  • West Palm Beach, FL
Replied

Hey @Roi Azoulay,

Really depends on what you are looking for to help you with determine your ideal location (duplex, condo's, SFH, etc). Flipping is a very competitive in this market but doesn't mean it can't be done. Just find that most people don't have the best margins because they paid too much.

There are many areas that are great for rental properties. I would say the biggest thing to look out for are HOA's and HOPA's. What may look like a good deal ends up having very strict rental restrictions or some HOA's are up to $1000/month. (Which really eats into your investment)

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