EP 440 - Florida's Real Estate Market is Crashing - Which Market is Next?

What did you think of todays show??Florida’s real estate market is struggling, but how bad is it, and who’s next? Florida brokerage owner Jon Brooks joins us to explain how this market went from red-hot to near collapse, which strategies are still working, and why it’s more than just a local issue.In this episode, find out which other markets are holding up (for now) and what this downturn says about what’s coming next. We look at why lending might beat buying, where investors are getting burned, and how to prepare for the next wave of distressed deals. Florida’s just the beginning — hear what it could mean for your market!Topics discussed:Introduction (00:00)Jon’s real estate brokerage (02:02)Why Florida’s real estate market is struggling (04:40)Should you buy property in Florida? (08:30)How Jon is adapting to the market slowdown (09:12)The #1 thing you need to survive this market (11:57)Why you should focus on short sales and foreclosures (14:52)Short sales process and its challenges (17:35)Can the government fix the market? (19:50)The future of Florida and other struggling markets (22:41)Affordability issues and credit card debt (28:07)The best investments in this unstable market (30:12)What it takes to make millions in real estate (36:47)100% bonus depreciation coming back (37:50)Learn more about the Collecting Keys SCALE Community! https://collectingkeys.com/scale/Check out the FREE Collecting Keys “Invest Anywhere” Guide to learn how to find deals in ANY MARKET Completely virtually (this is how we scaled to over a dozen markets)!https://instantinvestor.collectingkeys.com/invest-anywhereFollow us on Instagram!https://www.instagram.com/collectingkeyspodcast/https://www.instagram.com/mike_invests/https://www.instagram.com/investormandan/https://www.instagram.com/dylan_does_dealsThis episode was produced by Podcast Boutique https://www.podcastboutique.com