Requesting real estate advice

[Cynthia Ourfalian]

My bf and I will be living in LA. We're wondering if instead of buying a house in LA with a bigger mortgage, to instead buy a couple of properties in Naples, Florida and Texas and rent in LA.

We're wondering on the return to our investment in these different markets and what avenue would maximize long term profits based on growth potential.

Would love to hear your input based on your knowledge and experience. 

Thanks!

[Robert Alpizar]

As a broker in Naples, I'd like to clarify that the city limits of Naples is a very small area (10% of Naples as a whole, if that.) and consists of Multi-Million Dollar Homes and Condos starting in the $500's which aren't typically what investors go after. There are STR Opportunities North of "Pine Ridge Road" that are walking distance to the beach. Although in Naples, everything is relatively close to a beach. Like in any city, cash flow depends on the deal you find... prices are higher in Naples but so are Rental Rates. Hope this helps clarify the STR Ban in Naples... I don't think it would be fair for future eyes who see these posts, whom like the idea of Naples, to think it's completely not an option for them.