In Florida, the median price per home is right below the national average, the properties to flip are on the younger end, and the fix-and-flip community is growing. So, investing in real estate here will give you more than just a good theme park pass, swamp tours, and your fill of delicious oranges, but you’ll make a profit too! Learn how to scale your business with hard money loans in the Sunshine State–and how Kiavi can support you.
Uncover more about what you need to know about housing flipping in Florida. As one of the largest fix-and-flip states, there’s plenty of opportunity to learn!
Median Price of Homes Sold
$224,500
Number of Homes Purchased for a Flip
56,572 homes
Median Age of Flipped Homes
34 years old
% of Flips Financed with a Loan
21%
Median Loan Amount
$154,000
Median Profit Per Flip
$53,000
Total Number of Active Flippers
21,707 flippers
Total Number of New Flippers
3,690 new flippers
% of Flippers Who Flip Outside of State
8%
Median Number of Days it Takes to Flip a House
113 days
% of Flips Less Than the National Average Sq. Ft.
94%
Median Number of Flips Per Borrower in State
3 flips
Top
10
Florida Flipping Counties
Check out the top counties in
Florida
ranked by the largest communities of flippers and discover the number of flips in each.
Rank
County
# of flips 2018
Median Profit per Flip
1
Miami-Dade
4,574
$80k
2
Hillsborough
4,532
$55k
3
Broward
4,403
$70k
4
Pinellas
3,861
$57k
5
Lee
3,320
$40k
6
Orange
3,237
$50k
7
Palm Beach
2,963
$70k
8
Duval
2,841
$50k
9
Polk
2,179
$43k
10
Pasco
2,066
$40k
LendingHome:
The Proven Source for
Florida
Hard Money Loans
Discover the fantastic benefits of obtaining a hard money loan in Florida through Kiavi. We are as accessible as your local lender, but offer the scalability and cost benefit on a nationwide scale. We work hard to provide you that kind of balance, funding multiple fix and flips deals simultaneously with the convenience of your next-door lender.
Experience the LendingHome Difference
Kiavi is a reliable, direct lender that issued $146 million worth of loans in Florida and funded 14% of the state’s flipped homes last year.1 We offer hard money loans in as few as 5 days, up to 90% of the purchase price, up to 125% rehabilitation with holdback, and fund up to $1 million per deal or $3 million across multiple deals. So, whether you are looking for a hard money loan in Miami, Tampa, or Orlando—you are in great hands!
Why You Should Invest in
Florida's
Real Estate Market
The Sunshine State is a fantastic place to grow your real estate investing business. It boasts a large tourist economy from theme parks, beaches, and cruise ports, as well as golf courses and retirement communities. Due to this, people are flocking to Florida to visit for vacation, start a family, or enjoy the latter years. It attracts people in all phases of their lives. You will not only have a great opportunity for your real estate investment portfolio, but a sense of accomplishment in providing people homes as they transition to a new life stage.
1
Data derived from information from Attom Data Solutions, RealtyTrac, and Zillow.com.
Disclaimer:
The content above is provided for informational purposes only and should not be considered tax, savings, financial, or legal advice.