Buying Investment Property in Florida

Buying Investment Property in Florida

Realtor · Atlanta, GA · Member since 2019 · 13 posts · 2 votes

I live in Atlanta, Georgia but visiting Fort Lauderdale for the holidays. Do you all know where to find stats/data on how many people move to or have 2nd homes in Florida that live elsewhere, like Georgia? I hear that it is a growing number.  How easy is it to have an investment property out of state? I see a ton of mobile homes on slabs (not mobile anymore). Is that a good way to go? I think Beardy Brandon would say yes.

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  • Real Estate Agent · Fort Pierce, FL · Member since 2019 · 257 posts · 105 votes
    6y

    the local REIA in whatever city or county you are looking to invest in may have that. Your agent can tell you areas that are growing

  • Real Estate Agent · Merritt Island, FL · Member since 2017 · 974 posts · 1k+ votes
    6y

    If you see manufactured homes in Dania, they're mostly owned by Quebecois who spend Nov through March in S. Florida. Otherwise, there aren't many such homes in the Ft. Liquordale area as they're being sold and cleared out for better homes. No idea where to find stats on 2nd homes - perhaps download info from BCPA. Any non-owner occupied won't get a homestead exemption, but that won't say if the owner is out of state. FYI, for some it's not a 2nd home....it's a 3rd, 4th or 5th. Yeah, nuts.

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