All Forum Posts by: Dana A.

@Dana A. I hear you. I left LA ten years ago after living there for 15 years. I call it a "beautiful mess" but I still own an apartment building there that I bought in 2002 that I'm planning to sell/exchange into investment property here in SWFL, where I live and am a broker. I did a bunch of flips in LA and have done several here in Cape Coral and Fort Myers but am looking more into building a long-term hold rental portfolio.

Happy to help!

A beautiful mess it is! I lived in LA for about 25 years and have now been in the SF Bay Area for about 3 1/2. I'd love to know where our tax dollars go lol I'd love to pick your brain at some point.

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Fort Lauderdale, Florida

Here's a good question… What are some of the main problems you bump into with SFR and condos/townhomes? I would think mold and termites would be a common issue? How do foundations hold up? Are the building and planning a pain to deal with. Do you find city or county easier to deal with? Which city/county is easier/harder?

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Fort Lauderdale, Florida

Quote from @Peyton Millirons:

Quote from @Dana A.:

Hey Everyone! I am looking into the Florida Market (From Palm Beach to Miami) however I am open to hearing more about other areas you all could recommend. I currently work with investors and developers here in NoCal & SoCal and would like to mirror my business model in Florida. Possibly even start flipping homes myself. Although I love the commissions received here in California as a realtor, I see more opportunity for a more prosperous, healthy and happy life in Florida. It also helps that I have family their too! :)

With my partners here, I could continue to work both states so my transition shouldn't be super hard. After almost 27 years in CA, I think I am done...

Hey Dana, Northwest Florida is region of FL that is growing and many investors don’t know about. Destin, 30A, Panama City Beach are all great areas. As a Contractor that is currently doing work in South FL and NWF I prefer the latter. If you’d like to talk more about it I’d love to connect!

Good to know! I sent a connect request :)

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Fort Lauderdale, Florida

Quote from @Jennifer Gallagher:

Hi Dana! I live close to Delray and my husband and I who are both realtors love it! As far as living a prosperous healthy happy life there is no other place we would live other than south Florida unless we went somewhere in Europe. The dream is to one day do half the year here half the year in Europe :) Also, I’m not sure what kind of investment properties you are looking for but I do have a new listing that’s a licensed ALF duplex. If you have anymore questions about the palm beach surrounding areas let me know I’m happy to help!

Jennifer

I just sent you a message!

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Fort Lauderdale, Florida

Quote from @Darius Ogloza:

@Dana A. West coast of Florida will surprise you - not Atherton, exactly, but the following is not atypical . . . https://www.realtor.com/reales...

Now that's a nice piece of real estate!

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Fort Lauderdale, Florida

Quote from @Malgorzata Sadowska:

Quote from @Dana A.:

Quote from @Malgorzata Sadowska:

Broward county still has some affordable (comparatively!) waterfront. I would suggest that if you are thinking about affluent buyers / end users.

That's exactly where my search started :) If I were to get my FL RE License now, I am assuming that similar to California, I would need to get with a broker/ Association before I can get MLS access?

Great minds :)

Either sign up with a brokerage OR get your FLA broker license. Need a brokerage for MLS access.

Figured as much! I'm with Compass. I'll inquire within :) Just followed you on Instagram!

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Fort Lauderdale, Florida

As someone who works with investors in California, I am curious to hear the feedback on this as well since I am looking into the Florida market.

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Quote from @Ray Hage:

Quote from @Dana A.:

Quote from @Ray Hage:

Quote from @Dana A.:

With my partners here, I could continue to work both states so my transition shouldn't be super hard. After almost 27 years in CA, I think I am done..

Hi @Dana A. I am a realtor and investor (with 9 doors) in south Florida. There is still money to be made in south Florida flips. I am eyeing some myself. I am most familiar w/ Fort Lauderdale and Miami areas and to a decent extent in Palm Beach. I was just out there in the bay area in January, it is either scary or insanely expensive haha. If you'd like to chat about south Florida, I would be happy to help.

Insane is right. The next town over from me is Atherton. It'll cost you between 7 & 8m for a 1 acre lot (but you can build a 35-45m home) Crazy! Initially I'd like to get to know the best market to mirror my business model in. Preferably higher end homes. Invest in a modest place for me to live and hopefully upgrade at a later date and rent that out. Once a network is built, and I know the lay of the land, eventually work into flipping...

Well there are a TON of affluent areas in South FL so you'll be ok but the prices are nothing like SF/LA...yet. We don't have a ton of $7-8m homes lol. Ideally, get your primary as soon as you can get out here as rents continue to rise fast. House prices are still high are kind of steadying. Prices are high crazy high (compared to 3 years ago), but you can still get a decent SFH for 500k that would've cost 250-300k three years ago. I am lucky I bought my primary in 2020.

There are not many great LTR investments here so if you plan to buy and hold, you better get something that needs a ton of work that you can make into a STR/MTR.

I would say real estate has gone up a ton everywhere. Esp since covid! If I bought here in San Mateo County 3 years ago, I could probably pay off a home in Florida with the equity LOL Insane...

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Fort Lauderdale, Florida

Quote from @Darius Ogloza:

@Dana A. I would consider Pinellas, Sarasota and Charlotte counties for a start if you have any interest in Florida's west coast. Palm Harbor, any of the Beach towns in Pinellas (e.g. St pete's beach, Clearwater, etc), Siesta Key and the shore line down to Boca Grande (including Boca Grande). The area between Boca Grande and Sarasota is developing like mad.

Thank you! I will look into these areas. :)

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Fort Lauderdale, Florida

Quote from @Malgorzata Sadowska:

Broward county still has some affordable (comparatively!) waterfront. I would suggest that if you are thinking about affluent buyers / end users.

That's exactly where my search started :) If I were to get my FL RE License now, I am assuming that similar to California, I would need to get with a broker/ Association before I can get MLS access?

1 Vote

Fort Lauderdale, Florida

All Forum Posts by: Dana A.

Dana A. has started 8 posts and replied 46 times.

Post: Florida Market Question

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Post: Connecting with Florida flippers

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