BY DAVID GELLES
Turns out some people are still getting rich off real estate. According to Inc. magazine, the fastest-growing private company in the state is ForeclosuresDaily.com.
The Largo-based website, which saw 2007 revenue balloon 3,800 percent to $14.4 million, ranked 35th on this year's Inc. 500 Fastest-Growing Companies in the U.S. list.
"It's a shame that the fastest-growing company in Florida has to do with foreclosures," said Rafael Cruz, a business analyst with Florida Atlantic University's Small Business Development Center. "But there are opportunities there for some people."
Several South Florida companies also made the list. DesignerPlumbing Outlet.com, based in Palm Beach Gardens, reported a 2,200 percent jump in revenue, putting it 79th on the list. ReStockIt.com, a supplies wholesaler based in Hollywood, came in at 265th after revenues jumped 1,000 percent to $12.3 million.
Cruz said dot-coms were succeeding because they weren't limited by local markets. "They're selling to the whole country and the world," he said. "They're not bound by Florida."
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