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Updated over 4 years ago on . Most recent reply
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Need advice on local Florida market to invest 500k.
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.
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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.