Local Real Estate Investors Compete with Large Investment Firms

Although investment firms are buying many of the distressed properties in South Florida, (see our article https://floridarealestate.law/investors-purchasing-distressed-florida-properties/) local real estate investors are still trying to flip homes. Despite the tough competition, local real estate investors are hoping to find discounted homes, fix them up, and sell them at an increased price. Distressed properties are offered to the public by a bank or lender and are sold at prices well below market value.