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Updated over 4 years ago on . Most recent reply

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84
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32
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Dennis Nikolaev
32
Votes |
84
Posts

Need advice on local Florida market to invest 500k.

Dennis Nikolaev
Posted

I am close to finally get my hands on some of my equity. 500k to be exact.

I want to invest in a multifamily building in Florida. I want 10 doors value add building.

I hope here is someone who is familiar with FL market, who can point me to a good location. 

I'm looking for central or gulf coast where hurricanes are less dangerous, a place with rising population where 500k will get me a value ad 10 door. 

Your opinion is sincerely appreciated. 

Most Popular Reply

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215
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158
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Kristin Kiddy
  • Real Estate Agent
  • Ormond Beach, FL
158
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215
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Kristin Kiddy
  • Real Estate Agent
  • Ormond Beach, FL
Replied

I'm not sure who told you hurricanes are less dangerous on the gulf coast.  Since 1990 the west coast has seen more direct hits from hurricanes than the east coast.  https://www.sun-sentinel.com/news/fl-xpm-2013-05-29-fl-hurricane-season-start-20130523-story.html  The water is warmer in the gulf so there is a good chance the storms will be stronger.  And if you look at FL topographically, after Titusville it leans in and often hurricanes skirt the coast or head more north.  I would consider Volusia, Flagler, St Johns, Duval counties.  Of course I'm also partial to the area.

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