All Forum Posts by: River West

Hello Everyone, 

I'd like to hear how you all search for properties intended to be flipped. I know there are a number of websites out there that help facilitate this, so just interested to see which ones or other types of resources everyone finds to be most effective? They could be off market properties, REOs, Pre/post foreclosures, short sales, etc. 

Thanks in advance!

Thank you for the wealth of information about the local market up there in Gainesville. I lived there for about 3-4 years while attending UF and find it to be a nearly recession proof area due to the amount of students there constantly (covid is a new phenomenon disrupting that trend though). I DM'ed you my email address for any opportunities that may be sent each other's way. I find student housing to be pretty attractive up there as the properties can often be maintained in a B-C class manner, while rent/repairs being guaranteed by, often times, affluent parents.

I'd say that my investors are also looking for that C class product. We are working with them on a luxury development in Punta Gorda ($800,000 homes and up) and we are having much more stress getting them turned over and profitable than these cheaper units. We've also noticed that their profit margins are equal or lessor to the margins they make on these quicker flips or buy & hold rentals, with a TONNNN more stress.

Hello Everyone,

I am a long time follower of the forums and listener to BP Podcasts, first time posting. I'm a Realtor based in Southwest Florida. The reason for me posting is, I have just acquired a few different groups of investors interested in various types of properties in Central and SWFL. I am also looking to begin my own RE investment career with SFR flips. I would like to make a career out of investing for myself and others, so I would like this discussion to be a placeholder for forming successful working relationships and idea exchange with other 'movers and shakers' throughout Florida. Below are the current property types that I typically work with at my firm. Any suggestions/tips about locating deals of this nature would be greatly appreciated, especially from those who have experience working in Florida. Don't be afraid to post questions of your own, I will provide any insight that I can on the topic as well. "Two heads are better than one."

1. Duplexes to Quadplexes (on or off the MLS, minor-medium rehab). These properties are in Central Florida or Southwest FL for there to be any interest (Gainesville, FL is an outlier we accept). Price max is $500,000, no minimum. These properties are either flipped or buy & hold income investments. 8%+ cap rate.

2. Single Family Residences located in Southwest FL solely for the intention of flips. Light to heavy rehab projects typically. Price max is $400,000, no minimum.

3. Multi-family apartment complexes. No minimum or maximum number of units, 5-200+. These are in Central or Southwest Florida. These opportunities boil down more to a Cap rate decision so we don't worry about price points (7%+ cap rate). 

4. Retail Centers/plazas located in Central and Southwest FL. Low vacancies preferred but not mandatory. Also a cap rate decision (7%+ cap rate).

5. Lastly, vacant land zoned to support large multi-family developments. Minimum of 10/units per acre zoning required. Minimum of 20 acres needed, no maximum as we possibly can negotiate a subdivision if it's too large for our use. These deals are often taking place anywhere from North Tampa down to Sarasota, and Orlando.

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