Ping: Flasch

[Anthony]

hey Flasch, what would be a reputable site to go to regarding perusing Florida real estate? i'm intrigued at some possibilities and i've seen some prices that don't seem too realistic (ie, grossly underpriced) so i'd rather get pointed in the right direction from someone who'd likely know. thanks for any assistance.

[Flasch186]

first I would highly reccomend getting your real estate license..www.floridarealestateinstitute.com

you can take the class in a week and maybe pass the state exam in a month. There is too much money, investment wise, sitting on the table in commission to throw it away

OR find someone who will take the commission and give the bulk of it to you, since youre doing most of the work, or a split, etc.


Then find someone with MLS acces. Any realtor should have it. While youre not supposed to login with theirs, Id say thousands of people are doing it everyday. That way you can see all of the listings for a particular area and do homework

Dont be afraid to lowball. there are sooo many investments on the market, even from builders, that we are way willing to bargain. Even allowing some steals to go, just to get the inventory down.

Honestly, though, on the web there are way too many garbage sites, so you have to go to the ones that represent brick and mortar too. Watson, remax, etc. cuz some of the resales are steals


HOWEVER

at this point in time dont even think of flipping. If you snag a steal youd better be ready to rent it out or hang on to it for at least a year to show any sort of decent return.

[Anthony]

HOWEVER

at this point in time dont even think of flipping. If you snag a steal youd better be ready to rent it out or hang on to it for at least a year to show any sort of decent return.

thank you for your information, it was very informative. i wouldn't be looking to flip anything, more like i've got some expendable loot and rather than buy a big screen tv or some other non-appreciating commodity i'm curious as to the prospects of just buying a cheap 1 BR co-op/studio in FL.

this is all just mild curiousity, i don't know how to go about being an out-of-state owner and where in FL i'd want. i love South East Florida (ie, Miami), but with all those hurricanes and storms i don't know how you actually keep property down there. i don't know enough about central FL other than Orlando, and know nothing about North FL. still, you gave me some great pieces of info. you've proven your worth to this community.

thanks.:cool:

[Flasch186]

thanks, Im glad Ive proven my worth :)

seriously though, the market in S. Florida is too liquid and the move is coming up instead of down the state. N. Florida is still a comparable steal if you shop and make a low offer. It is definitely a buyer's market.

A 1BR condo on the beach sounds nice but is gonna be expensive too. the best bet is to go 3-4 miles inland and get a 2 or 3 BR condo. hundreds of thousands of dollars less with only a 4 mile trip to the ocean. At least it is that way NE Fl.