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re: How? Just how do so many people afford 2+ mil secondary homes in florida?
Posted on 7/1/23 at 4:59 pm to BengalBlood81
Posted on 7/1/23 at 4:59 pm to BengalBlood81
In addition to what’s been said, there is a ton of PE money buying out entire industries. Small banks and insurance agencies are selling out….as well as physician practices, construction, manufacturing, IT….it goes on and on.
Owners that were already wealthy are able to cash out for large payments and need to put the money somewhere.
Owners that were already wealthy are able to cash out for large payments and need to put the money somewhere.
2
Posted on 7/1/23 at 5:06 pm to SquatchDawg
Generational wealth.
Posted on 7/1/23 at 5:12 pm to SquatchDawg
There is also a lot of hard money lending going on in the panhandle. These properties will cash flow 200-300k a year, so if you can access the money the property pays for itself
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