I’m curious how investors in Florida are shaping their buy box right now. Are you focusing more on cash flow or appreciation? Big cities like Miami and Orlando, or smaller towns? And what type of properties are fitting your buy box best in today’s market?
Looking for multifamily? Single family? Commercial? Condos?
New investor hear and would love to now new insights, please tag me back so I can see it again
Danilo, great question. I’m not investing in Florida myself, but from what I’ve seen in conversations with investors down there, a lot are shifting toward smaller towns/suburbs where cash flow still pencils out better than in Miami/Orlando. The tradeoff is appreciation tends to be steadier than explosive. Personally, in the Midwest, my buy box leans toward undervalued multifamily or single-family homes in growing rental markets—more predictable cash flow, plus upside when neighborhoods turn. Same principles can apply in Florida: define if you’re prioritizing monthly income or long-term equity growth, then shape your box around that.
@Danilo Perea we've traditionally focused on acquiring 10-80 unit MF in Jacksonville and Orlando, we haven't acquired anything since 2022. We're focused on the operations of our current properties and our owner clients, and keeping a pulse on the market in general. I'm not too sure that the small towns are fairing much better, but I also don't play in that space so I'm not a great resource there. Appreciation in big areas right now is tough as well. Rents have dropped a ton and have maybe bottomed out, but some properties are still dropping from last year to this year. Also inventory for sale is way up in the single family space so prices are softening and multifamily prices have dropped a ton the past 2-3 years. There's not a clear avenue to appreciation for a lot of people unless you have a very long time horizon, think 10+ years.