Are there any posters from S. Florida on this forum? Just wondered with the high property values and rising if there are still rehab deals to be found in the Ft Lauderdale/Broward County area.
Been researching REI for awhile now and am hoping to start investing soon.
I am associated with a real estate syndication firm in New York on Long Island. They currently have a $25 million rehab project in the South Beach area. I have had due diligence done by Wells Fargo and GE Capital and is given the thumbs up. Eight percent return during construction, partnership profits at completion and residual income based on profits of resulting hotel or condo.