All Forum Posts by: Richard Kerski

I have bought , sold, rented, and invested in residential property in South Florida since 1985. One thing has been constant; 55+ interest has been strong and the Baby Boomers really like Florida.  I have an office in Boca Raton and Orlando and experienced ownership in both markets. It is different, but the most opportunity lies in South Florida where there are more condos, and more 55+ communities than anywhere else. I sold my real estate office 3 years ago and I am enjoying and profiting from rehab flips in the 55+ communities. I have 4 ongoing right now and I am seeking partnerships to take advantage of the markets that are affected primarily by aging resident attrition.

Send me the details of this Florida property so I can put an accurate value on it ( not Zillow) and I'll suggest an exit strategy. Address and owners names would help.  Values are up near the high level in parts of Florida. Palm Beach county saw an 11% estamated increase in 2015 over 2014.  If you bought in 05, you could be close to cashing out or face a small loss.  I owned 7 since 2007 and I never thought the drop would be so dramatic.  No one had a crystal ball. Time to regroup and move on.

Send me the address and I'll try to get you a ball park value.  Zillow is notoriousally inaccurate.

I have office locations in South East and Central Florida and have been an REO broker since 1990. I am now Buying and Selling personally, and buy REOs, Estates, and Short Sales, successfully. I am looking to grow my ream to include investment partners to share in the lucrative and stable Baby Boomer properties. 1000 people a day move to Florida and they are seeking improved homes, most pay cash. As an SRES and ERC complaint Broker, I know Real Estate and how to make it happen.