Fix and Flip in West Palm Beach

No, and it's a real cost difference most people miss. The Florida Building Code assigns High-Velocity Hurricane Zone design wind speeds to Miami-Dade and Broward counties only. Palm Beach County builds and rehabs under the general Florida Building Code wind provisions, not the HVHZ product-approval and impact-protection regime that governs the two counties to the south. We don't have a verified dollar figure for how much that saves on a rehab budget, so get quotes on your specific scope rather than assuming a number, but the product set (windows, doors, roofing, shutters) is genuinely different and lighter here than in Miami-Dade or Broward.

To the submarket, not the county median, because the spread is enormous. As of June 2026, mid-tier home values run $210,145 in Pahokee, $289,679 in Belle Glade, $402,831 to $486,025 across Boynton Beach, West Palm Beach, and Royal Palm Beach, $575,479 to $702,538 across Boca Raton, Wellington, Palm Beach Gardens, and Jupiter, and $2,145,595 in the town of Palm Beach itself, all in the same county. A single county-wide number tells you nothing about what your specific flip will sell for. The competitive backdrop is tightening while you decide: active listings fell 20.4 percent year over year to 10,613 in July 2026, and the share of listings carrying a price cut dropped from 19.1 percent to 15.9 percent over the same period, so a correctly priced finished product is meeting less competition than it was a year ago. Pull comps at the ZIP or neighborhood level, run them through the fix and flip calculator, and price to the submarket you're actually in.

Not published, so don't buy anyone's claim to the contrary. West Palm Beach doesn't appear in ATTOM's Q1 2026 U.S. Home Flipping Report's metro lists for flip rate, gross profit, or ROI. What is published: Florida statewide ran a 6.6% flip rate in Q1 2026 with a $75,000 typical gross profit and 28.3% ROI, both above the national $66,000 and 25.4%. The only large Florida metro ATTOM named was Miami, at 5.5%, among the lowest large-metro flip rates in the country. Underwrite your specific Palm Beach County deal on its own comps and carry, not a metro reputation.

No. Palm Beach County pays the plain statewide rate. Florida charges 70 cents per $100 of consideration on a deed in every county except Miami-Dade, where the rate is 60 cents per $100 plus a 45 cent per $100 discretionary surtax. Miami-Dade is the only surtax county in the state. Palm Beach County takes the standard 70 cents per $100 on the deed and 35 cents per $100 on the note, the same statewide mechanics documented for Tampa, with no local surtax on top.

Higher than the '1.02% effective rate' you'll see quoted, and it swings by city. That widely repeated figure blends homesteaded property carrying Save Our Homes-capped assessments built up over decades. An investor is assessed at market value with the cap reset on purchase and subject to the 10% non-homestead annual cap, not the 3% homestead cap. At the county-wide base millage plus a municipal rate, that works out to roughly 1.42% of assessed value in Royal Palm Beach or Jupiter, 1.59% in Boca Raton, and 2.04% in West Palm Beach, before any fire or library district adders. Pull the parcel-level estimate from the Property Appraiser rather than budgeting the blended county average.

Yes, more here than almost anywhere else in the country. Florida law now requires milestone inspections for condo buildings three habitable stories or taller at 30 years of age (or 25, at a local enforcement agency's option) and structural integrity reserve studies every 10 years, and associations can no longer vote to waive reserves for structural items. The county's condo price index is down 5.8% year over year and 17.0% off its late-2023 peak, with the oldest garden-condo stock hit hardest: Century Village down 15.1% year over year, Palm Springs down 10.3%. An association behind on its inspection or reserve funding can carry a special assessment that isn't on the seller's disclosure yet. Whether Palm Beach County has adopted the 25-year local option isn't published, so confirm the building's status with the association and the local building department before you close.

About 10% of the purchase, plus closing costs and your carry. We fund up to 90% of the purchase price and up to 100% of the rehab budget, capped to ARV. On a $400,000 West Palm Beach purchase that is up to $360,000 from us and $40,000 from you (400,000 x 90% = 360,000), with the rehab drawn against the schedule instead of paid up front. Budget the carry on top: at roughly 2.04% of assessed value in the City of West Palm Beach before fire and library adders, the tax line alone is not small over a 6-month interest-only term. Subject to underwriting.

Yes. We write from $100,000 up to $5,000,000 on a fix and flip. That range matters in a county this spread out. A Pahokee deal against a $210,145 mid-tier value can sit near the $100,000 floor once you subtract your own cash, while a Boca Raton or Jupiter project can run well up the range. If a small Glades purchase prices under the floor on its own, look at pairing it with the rest of your buy box rather than financing it alone. Subject to underwriting.

Yes. First-time flippers are welcome. This is an asset-based loan, so the deal carries the file: we look at the purchase, the rehab budget, and the exit against real submarket comps. We do run credit, but there is no minimum score on a fix and flip, and weaker credit is usually handled with lower leverage rather than a decline. There is no hard credit pull to start. On a first West Palm Beach project, pick a submarket you can actually comp, since the county's price bands run from the Glades to the island. Subject to underwriting.