Build-to-Rent in Florida

[Allen Motakef]

I’ve been investing in rentals for the last 15 years with properties in CA, GA, and FL and recently been purchasing single family, duplexes and quads in the central Florida area and now researching the Build-to-Rent model. My thought is that if can build under 150/ft and keep the total cost in low 200s, the initial cash-flow/return will not be great but can make up for it with scalability, low maintenance and better appreciation. I’m currently focusing on the Corridor between Tampa and Orlando (Lake Land area) and would love to hear everyone’s thoughts on this strategy.

[Tyler Gibson]

Originally posted by @Allen Motakef:

I’ve been investing in rentals for the last 15 years with properties in CA, GA, and FL and recently been purchasing single family, duplexes and quads in the central Florida area and now researching the Build-to-Rent model. My thought is that if can build under 150/ft and keep the total cost in low 200s, the initial cash-flow/return will not be great but can make up for it with scalability, low maintenance and better appreciation. I’m currently focusing on the Corridor between Tampa and Orlando (Lake Land area) and would love to hear everyone’s thoughts on this strategy.

 I know some gentleman that did this in Lake county FL. What they found during the pandemic is that the values jumped so much that it made more sense to sell the home. With construction costs increasing and home values increasing it was a better deal to sell instead of hold. If you would want to know more I could connect you with them.