South Florida Investing
Hi Everybody,
I've been heavily considering moving to Fort Lauderdale and wanted to get some opinions about the area as it pertains to investing. I'm looking at a 2 bedroom and would live in the unit and rent out a room for at least 12 - 24 months. I see that a lot of luxury apartments are either approved or already under construction and I'm a little skeptical on how that will impact the demand for rent in the area. Job growth also seems to be low in Fort lauderdale but the population looks to be steadily growing.
Would love some thoughts on if it is a good place long term for an investment. I'm in sales and my territory is the South East which makes Florida an added bonus to live.
Thanks,
Joey