Investing in Palm Beach County.
The South Florida real estate market, specifically Palm Beach County, has become a thriving real estate center fueled by both local and international investors.
Half of all purchases in Palm Beach County in 2013 were made by cash investors. This region has gained steady ground after the housing collapse in the mid 2000's.
Last year alone, we closed deals for our foreign investors that came from countries such as Canada, China, and Venezuela.
If you are a local or international investor, we have the capability of finding you the right investment property.
Upon request, we can send you a video walk-through of potential investments and the surrounding areas, along with a rental rate comparative market analysis of what homes have rented for in that area.
Once you close on your investments, our team of contractors can assess your home and get it rent-ready within a few days.
When the home is ready to be rented, we will market your property in order to find a qualified tenant. Once we find a qualified tenant, we will have them execute one of our attorney-prepared leases.
After a tenant moves in, we will manage your property and begin sending you your monthly rental income.
Considering investing? Have you considered this...
If you are looking to invest in Palm Beach County multi-family housing or investment property there are many key items that you should consider when choosing a location.
Location, Location, Location-
Sounds easy enough, but what does that mean and what area is a good location? Some criteria that we urge our investors to consider is the proximity of the investment property to schools and public transportation.
Purchasing an investment property in a community that is governed by a Home Owners Association can be great for the long term value of the property.
Additionally, HOA's provide a second level of protection against nuisance tenants since there is an additional round of screening due to the approval process administered by the board of the HOA.
However, these positives are sometimes outweighed by the negatives due to the monthly dues eating away at your profits.
It's always best to find out what properties are renting for in the immediate area before you decide to purchase a property.
A home on street A could rent substantially less or more than a home on street B simply because the homes are in different school zones, or different utility companies.
We will prepare a rental rate comparative market analysis so that you can determine the correct rental rate.
Please be advised that some HOA's will restrict the number of times a home can be rented or the duration of a tenancy.
Its important to read over the HOA restrictions prior to investing in Palm Beach County rental homes.
How does FIRPTA affect international investors?
One thing to consider if you are a foreign investor investing in Palm Beach County, or anywhere in the United States for that matter, is FIRPTA. The following is courtesy of the IRS and can be found on their website at:
"The disposition of a U.S. real property interest by a foreign person (the transferor) is subject to the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) income tax withholding.
FIRPTA authorized the United States to tax foreign persons on dispositions of U.S. real property interests. A disposition means "disposition" for any purpose of the Internal Revenue Code.
This includes but is not limited to a sale or exchange, liquidation, redemption, gift, transfers, etc. Persons purchasing U.S. real property interests (transferees) from foreign persons, certain purchasers' agents, and settlement officers are required to withhold 10 percent of the amount realized on the disposition (special rules for foreign corporations).
In most cases, the transferee/buyer is the withholding agent. If you are the transferee/buyer you must find out if the transferor is a foreign person.
If the transferor is a foreign person and you fail to withhold, you may be held liable for the tax. For cases in which a U.S. business entity such as a corporation or partnership disposes of a U.S. real property interest, the business entity itself is the withholding agent."
Please note that there are also certain exceptions to this withholding requirement and these exceptions can be found on their website as well.
3611 S Flagler Drive, West Palm Beach, FL 33405
Subdivision: 3611 S Flagler
Rare opportunity to acquire a brand new luxury residential building on the intracoastal waterway in the booming city of West Palm Beach. Purchase to hold and use the units as luxury rentals, or sell as condominiums. Units range from... Read More
3815 Eastview Avenue, West Palm Beach, FL 33407
Subdivision: NORTHWOOD ADD
The sleeping beauty has finally been awoken by Pacecon Construction. One of the few Castles of Northwood Hills has been masterfully restored and brought back to life after nearly a decade of rest. The property was meticulously renovated... Read More
13614 Yarmouth Court, Wellington, FL 33414
Subdivision: GREENVIEW SHORES 2 OF WELLINGTON
Rare Fourplex (all 5bed/2bath) in the heart of prestigious Wellington. A new roof was installed in one of the Duplex back in 2019. All *** tenants so no problem with rent collection. Rents are $2900/$2700/$2363/$2250. Current selling at... Read More
912 N Olive 2 Avenue, West Palm Beach, FL 33401
Subdivision: GRUBER CARLBERG
Investment opportunity in the heart of Palm Beach:Currently Assisted Living Facility 2 Detached separate buildings property is Garden Villas that is Licensed to accommodate 16 Residents. It has 2 individual Buildings one -story concrete... Read More
1025 Palm Beach Lakes Boulevard, West Palm Beach, FL 33401
Subdivision: FRESHWATER ADD TO WPB AMD PL OF 11TH & 12TH AVE ADD.IN
GREAT INCOME PROPERTY WITH LOW OPERATING EXPENSES NEAR DOWNTOWN WPB.this is a 8 unit building 5 minute from down town West Palm Beach , all units are 2/1. separate meter electric and water for each unit. Building sold as is with no... Read More
618 6th Street, West Palm Beach, FL 33401
This 8 unit building all units come with 2 bedrooms and 1 bath also comes with new electric with new meter cans, breakers and main disconnect, also a NEW ROOF and is located in one of the hottest area's in West Palm Beach. The building... Read More
13716 Yarmouth Drive, Wellington, FL 33414
Subdivision: GREENVIEW SHORES 2 OF WELLINGTON
CASH ONLY ! Great income property in the heart of Wellington, about 10 minutes from the horse show. CBS construction. The property of fully leased, all units are 3/2 2 are with half bath. Covered garage, and about 8 assigned parking... Read More
1893 N Haverhill Road, West Palm Beach, FL 33417
Subdivision: Acreage & Unrec
Can be utilized as community housing or ALF. RM Zoning allows type 1 & 2 CLF's at this property. Can be type 3 with a conditional use approval. Highly desirable.84 acre corner lot with multiple buildings near Okeechobee Blvd. Zoning is... Read More
1403 Georgia Avenue, West Palm Beach, FL 33401
Subdivision: GRANDVIEW HEIGHTS
4 one-bedroom/1 bath units on a 92.50 x 120 lot. Each unit offers updated kitchens, updated electric and plumbing, central HVAC and off-street parking. All units have annual leases with a 60-day termination clause. Tenants pay all... Read More
2571 Hinda Road, West Palm Beach, FL 33403
Subdivision: KELSEY ACRES 2
Amazing 5 unit compound consisting of two duplexes and a single family house 3/2 sitting on a half acre lot. Live in the house for free and collect rent easily! All units are 2 Bedroom 1 Bath. The duplex units even have a carport and... Read More
1214 Lake Avenue, West Palm Beach, FL 33401
Subdivision: PALM BEACH HEIGHTS
Palm Beach School District. Investment properties on a 10,158SF parcel located in a spectacular area near the beautiful tree lined Howard Park with amenities and outdoor activities. Easy access to Downtown West Palm Beach. Suitable as an... Read More
2607 Royal Palm Circle, West Palm Beach, FL 33409
''UNINCORPORATED''THIS PROPERTY IS IN THE BELVEDERE HOMES REDEVELOPMENT AGENCY OVERLAY. IT HAS BEEN REZONED TO MULTI-FAMILY HIGH DENSITY WITH THE DENSITY BONUS INCREASED. THE PROPERTY COULD SUPPORT 12 ADDITIONAL UNITS. OR 6 SINGLE FAMILY... Read More
4344 Mars Avenue, West Palm Beach, FL 33406
Fully Renovated and strong cash flow with 2 new permitted septic systems to make this a trouble free investment and fully rented. Please DO NOT Disturb Tenants!! All units were fully renovated in 2020Front House 5/2 is rented for... Read More
1331 Longwood 1 Street, West Palm Beach, FL 33401
This is a 5 unit rental apartment. The 5th unit is 300 square feet, and includes a small bedroom, kitchen with stove, and fridge, and a bathroom. Space parking is available for each unit. This area is developing beautifully. Monthly... Read More
775 Chase Road, West Palm Beach, FL 33415
Subdivision: MODEL LAND CO
There are two properties (duplex) under one parcel with a total of 3 different Units. 775 Chase Road and 777 Chase Road, West Palm Beach, Fl-33415Investors dream, the cash cow is ready for the new owner occupant or the investors. One of... Read More
1012 Sunset Road, West Palm Beach, FL 33401
Subdivision: BELVEDERE PARK
Great vacation rental opportunity. Home is currently configured as a 2/2 main house with a 1/1 in the back of the house. This home is completely renovated and ready to start taking bookings. Call for a showing today. Read More
1016 Staghorn Street, Wellington, FL 33414
Subdivision: SUGAR POND MANOR OF WELLINGTON
Great Duplex live in one side and rent the other Sugar Pond Manor of Wellington. Come inside and be greeted by spacious living areas, along with an inviting kitchen. All of the bedrooms are spacious as well and offer ample closet space... Read More
500 46th Street, West Palm Beach, FL 33407
Subdivision: NORTH PALM BCH 1
FABULOUS TRIPLEX IN THE HISTORICAL AREA..PROPERTY IS INTERRIFIC CONDITION.REAL ESTATE CONSIST OF MAIN HOUSE COMPLETLY UPDATED WITH TILE,CABINETS,GRANITE COUNTERSTAINLESS APPLIANES,TILED,SHOWER. TWO SEPERATE UNITSREAR OF PROPERTY ONE UP ... Read More
719 Franklin Road, West Palm Beach, FL 33405
Subdivision: HILLSIDE PARK
One-of-a-kind Spanish-style charmer with guest house. Updated, well-maintained main house (3 bedrooms, 2 bathrooms) and guest house (2 bedrooms, 1 bathroom). Fully fenced. Mature landscaping. Easy to rent. Separate entrance from street... Read More
3321 Pinewood Avenue, West Palm Beach, FL 33407
Subdivision: NORTHWOOD ADD
Huge investment opportunity in West Palm! Two story triplex on a massive, 7840 sq ft lot! Located just west of US1 near the Historic District, this cash flow investment property has TONS of potential! The upstairs unit is a 1096 sq ft, 3... Read More
528 Churchill Road, West Palm Beach, FL 33405
Subdivision: COLONIAL ESTS
CORNER UNIT, BIG LOT, multifamily zone. Great potential. Unit has 2 apartment completely independents. 2/1 First Floor, 2/1 Second floor. First floor rented $1250, long time tenant, under market price. Upper unit could be rent by $1,400... Read More
615 El Vedado, West Palm Beach, FL 33405
Subdivision: VISTA ENCANTO ADD
Welcome to your perfect investment opportunity! Located just minutes from the beach and Downtown West Palm Beach this Multi Family property has been beautifully renovated throughout. Some upgrades in main home include; New Kitchen, New... Read More
731 NE 21st Street Street, West Palm Beach, FL 33407
Subdivision: Washington Heights
Growing rental location. Large Duplex, 3 Bedrooms, 2 Baths, Living Room andKitchen. I know you will like it: come and seeit. I wood be happy to show it to you. Read More
479 Tall Pines Road, West Palm Beach, FL 33415
Subdivision: BOULEVARD ESTATES
This one won't be on the market long!! A Duplex, 2/1 on each side and had the same renters for over 10 years!! Perfect for someone starting in the rental business. Proof of funds in full to be able to tour. Read More
411 Maddock Street, West Palm Beach, FL 33405
Subdivision: FOREST RIDGE PARK
3/1 and a 1/1, $1800/m and $950/m rented units, tenant occupied Read More
716 5th Street, West Palm Beach, FL 33401
GREAT INVESTMENT OPPORTUNITY, INVESTORS DREAM,THIS IS AN INCOME PRODUCER PROPERTY. THIS SALE CONSISTS OF 3 SEPARATE COTTAGES (3BR/1BTH, 2BR/1BTH & 1 BR/1BTH) ALL ON ONE LOT. (50x140 = 7,000sqft lot) ALL SEPARATE WATER AND ELECTRIC... Read More
4010 Garden Avenue, West Palm Beach, FL 33405
**INVESTORS DREAM*** Zoned for multifamily up to 10 units. DOUBLE LOT 11,000 Square feet. 1.5 MILES to Mar-a-Lago. 1.5 Miles to most exclusive beaches in Florida. Bike or Walk to Beach!!!! Current house Rented under market value at... Read More
3219 Windsor Avenue, West Palm Beach, FL 33407
Subdivision: NORTHWOOD ADD
Centrally located in the Northwood Hills historic district of West Palm Beach. This desirable income generating duplex has a 2 bedroom 1 bathroom front unit with a fresh coat of paint on the outside newer appliances inside and... Read More
1120 N Rosemary Avenue, West Palm Beach, FL 33401
3201 Windsor Ave, West Palm Beach, FL 33407
Subdivision: NORTHWOOD ADD
Duplex located directed across the street from Sullivan Park, an excellent neighborhood park with playground, public art, and plenty of shade. Large 3 bedroom, 1 bath units approximately 900 square feet. Renovated within the past 5 years... Read More