Out of State Buying Rental In Sebring FL

3 Replies

Hi All,

This will be my first deal. I have a private seller wanting to sell their rental property on Barbarossa Ave in Sebring Florida. I was just wondering if anyone familiar in that area would give me feedback as to if its a good location? What the neighbor hood is like and if it is accessible to bus or close to malls, grocery shops etc.. The seller doesn't maintain tenants long maybe because of the location or maybe the house is in distress. Any advice would be helpful.

Ray

It sounds like you should go view the property if you don't have a knowledgeable friend or realtor in the area. Sebring in general is a nice town and I would not hesitate to purchase THE RIGHT PROPERTY AT THE RIGHT PRICE there. You will be throwing dice if you buy it without enough information...and might have more fun doing that in Vegas.

As John says, it is a nice part of Florida, however you really need to determine what the rental demand is for the area.  I know a few "Snowbirds" who go there every year, so that leads me to believe it may be a seasonal rental area, and could be tough to find year round local renters.  My 2 cents.  

It is In general a beautiful area  but I recommend to do a better research specially on the property. I go there 2 to 3 times a month and I see lot of houses for sale so if you buy keep in mine you may have to keep it for while. Good luck.

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

Lock We hate spam just as much as you

Join the Largest Real Estate Investing Community

Basic membership is free, forever.