All Forum Posts by: Brandon T.

I'm planning a move to Florida and I'm trying to figure out if there's any cities I could pick up a side by side fixer duplex for ~140k (or ideally less) in a B to C neighborhood. Is that even realistic at this time? I understand the competition is hot in Florida and multi families are priced really high right now.

I check the online sites regularly and find duplexes listed for ~200k but they're usually already remodeled, so I assume there's a deal or two somewhere..

I should add that I'll be using FHA financing so maybe fixer duplex is the wrong description, dated perhaps, so I could still use the FHA loan if that makes sense.

Unfortunately this price point is likely not available in most of the Florida market at this point. I did have one client pick up a side-by-side duplex in lake Wales Florida earlier this year for less than $140,000 but prices have really gone up since then.

Thanks for the reply! Looks like I might have to make a higher price point work.

0 Votes

Originally posted by @Zachary R Sink:

Hello Brandon,

I live in VA. I've been looking for properties in Florida. Mainly in the Orlando and Tampa area. Multi-family properties have exploded in price. There are few areas around Orlando where the prices are relatively low compared to the Tampa market. I think most of those properties are going to be in the 200-300 range. I see you mentioned a using an FHA loan. I think it would be tough to get a fha loan on a fixer. Have you looked at conventional loans. If you plan on living in the property you can get a loan with 5-10% down. Try to find a wholesaler in Florida to see you can find some better deals.

Hey Zachary! Thanks for the reply, I was under the impression that conventional loans had the same property requirements as FHA so that's really helpful as well as your tip on looking for a wholesaler, I appreciate it.

0 Votes

Hey everybody! I could use some advice from those of you who are boots on the ground in Florida. I appreciate any replies in advance!

I check the online sites regularly and find duplexes listed for ~200k but they're usually already remodeled, so I assume there's a deal or two somewhere..

I should add that I'll be using FHA financing so maybe fixer duplex is the wrong description, dated perhaps, so I could still use the FHA loan if that makes sense.

0 Votes

The most common advice that I've heard is have rules written clearly in your lease and stick to them no matter what. It is a business you're running after all

6 Votes

I agree with Bhekizwe

Fascinating to think of the opportunities all over the world! Good luck.

0 Votes

Hey everybody! I could use some advice from those of you who are boots on the ground in Florida. I appreciate any replies in advance!

I check the online sites regularly and find duplexes listed for ~200k but they're usually already remodeled, so I assume there's a deal or two somewhere..

I should add that I'll be using FHA financing so maybe fixer duplex is the wrong description, dated perhaps, so I could still use the FHA loan if that makes sense.

2 Votes

All Forum Posts by: Brandon T.

Brandon T. has started 5 posts and replied 26 times.

Post: Advice on Duplexes in Florida

Post: Advice on Duplexes in Florida

Post: Advice on Duplexes in Florida

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