Advice on cash flow/growth in SW Florida.

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Stetson MillerBusiness Member
Real Estate Broker · Fort Myers, FL · Member since 2019 · 576 posts · 423 votes
3y
Quote from @Terry Landon:

Looking for advice on investing SW FL from a cash flow/growth perspective. 

Have been looking at Venice, Osprey, Nokomis, Sarasota, Cape Coral, Ft. Myers.

Hi Terry,

Specifically in Southwest FL, multifamily in Lehigh Acres right now is presenting some of the best cash flow opportunities. From a growth perspective, prices have dipped slightly in this area but are largely expected to return to peak levels and continue growing throughout the coming year

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  • Stetson MillerBusiness Member
    Real Estate Broker · Fort Myers, FL · Member since 2019 · 576 posts · 423 votes
    3y
    Quote from @Terry Landon:

    Looking for advice on investing SW FL from a cash flow/growth perspective. 

    Have been looking at Venice, Osprey, Nokomis, Sarasota, Cape Coral, Ft. Myers.

    Hi Terry,

    Specifically in Southwest FL, multifamily in Lehigh Acres right now is presenting some of the best cash flow opportunities. From a growth perspective, prices have dipped slightly in this area but are largely expected to return to peak levels and continue growing throughout the coming year

    [email protected]850-259-2910
    Stetson Miller Realtor545 Reviews
    View Page
    1Reply
  • Ryan Miller
    Real Estate Agent · Sarasota, FL · Member since 2018 · 4 posts · 1 vote
    3y

    Hi Terry, 

    For the greatest cash flow opportunity in Sarasota County, I would recommend looking in the city limits as you are allowed per code to rent out the unit(s) by the week. Short term rentals are creating the greatest cash flow in SWFL from what I am seeing. Another option is finding 2-4 units or more - the only issue with that in a lot of areas mentioned in your post is they don't come available often. It is another great option to realize strong returns though! Let me know if there is anything else I could do to help.

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  • Adam BartomeoBusiness Member
    Real Estate Broker · Cape Coral, FL · Member since 2015 · 2k+ posts · 1k+ votes
    3y

    I would avoid STR and stick with annuals. Rents are continuing to rise because of the storm there is low inventory and high demand. Multifamily pricing is really high and rising due to the high rents. I just bought a SFH that I will turn in to a rental. It will have a Cap Rate of about 8% - 10% which is really good in comparison to the multifamily cap rate of 3% - 5%.

    [email protected]239-339-3969
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  • Ismael ReyesPro Member
    Rental Property Investor · Port St. Lucie · Member since 2013 · 138 posts · 96 votes
    3y

    Hi Terry, 

    Definitely look into syndications - either as a passive or active partner.

    Feel free to reach out if you have additional questions on syndications!

    https://calendly.com/d/g2t-b88...

    Good luck!

    Rey

    0Reply
  • Carolyn Yates
    Real Estate Agent · Sarasota, FL · Member since 2020 · 140 posts · 75 votes
    3y

    There are definitely areas in Venice and Sarasota that will cash flow.  Do you have any more specifics?  Are you looking to stay under a certain price point?  Are you trying to stay out of the flood zone?  If you can give more specifics I should be able to suggest some areas.  I live in Osprey and am well familiar with the Venice, Nokomis and Sarasota markets.

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