All Forum Posts by: Kyle Funnell

Hey Ryan,

I am an investor and realtor in Palm Beach county. Happy to connect. It is a tough market but good news is I have seen rates starting to come down. Let me know if you have any specific questions.

Welcome Tanja,

You came to the right place! Great info and experts on this site to help you overcome your fears. What type of investing are you looking to do? 

@Simon Xiong, I just sent you a message.

Hello @Simon Xiong, I am an investor/realtor in Palm Beach County. Happy to connect and give you insight on the area and hopefully alleviate any issues that first time investors may face. 

Hey Alex, I am an investor/realtor in Palm Beach County. I currently own multiple LTR’s from Sebastian to Delray. Happy to connect for the opportunity to represent you. If not, best of luck!

Hello Michael, 

I am a realtor/ investor in Palm Beach’s County. I have rentals from Sebastian to Delray Beach. Happy to connect and talk real estate. 

Hello All,

I have some work that needs to be done in Fort Lauderdale, Florida (particularly bathrooms, flooring and kitchen) and looking for a good, fair and reliable General Contractor. Needs to be licensed and insured as it is in a condo complex. Any suggestions in the Broward, Boca, and Miami area would be greatly appreciated. 

Thank you! 

Hello @Nancy Bachety,

I am a realtor/investor in palm beach county. Like you said it is very competitive but not impossible. I am happy to go into detail on areas that I would recommend. Also have to be careful of HOA rules and Lease restrictions. Many places have rules against or limiting rentals.

Riviera Beach is seems great but is currently in an 'opportunity zone.' So it is a low income high crime area. The state deemed it an opportunity zone and will be putting money into the area to grow the community and create more jobs. Could see a nice return over time but a rough area for the time being. 

Hello @Santiago Ortega,

I am an investor and realtor in Palm Beach County. West Palm Beach is a very attractive market right now. However, much like the rest of the country, the market is very competitive and margins are getting tighter and tighter (especially in the fix and flip market). You should expect to be in competition with many buyers regardless of what type you are looking for. 

I would recommend SFH or Condo. However, SFH is very competitive. You will be able to find one but you will have to do some competing. Also not sure on your financing, but many of the buyers I have buying in West Palm are up against cash offers with $50k over asking. I always recommend looking at long term listings first as they may be less competitive. (Only downside is if they are on the market for over 30 days, they are overpriced or something is wrong with them) Condo is probably your best bet but you have to be mindful of Condo Maintenance fees as they could get very high quickly. (with some in the $1000's/month). Also make sure to ask when construction hours are as many condos have limited hours you can work on the unit which will ultimately delay your turn around.

I would actually recommend a buy and hold in West Palm Beach because it is being referred to as "Wall Street South." Big corporations are moving their offices to west palm beach, which will give a favorable appreciation. You can already see it in some of the condo buildings in downtown West Palm increasing over 30% in 2021.