Rental Property Investor · Ankeny, IA · Member since 2017 · 2k+ posts · 3k+ votes
So, my 5 year plan has me taking early retirement and heading to Florida, but still keeping my properties in Iowa. I am visiting the Port Charlotte area in March 2019. Any multi family/duplex investors like that area? Pros? Cons? I might buy early, house hack in 2023, build modest home once there. Exploring many options.
Miami, FL · Member since 2017 · 14 posts · 3 votes
7y
Anthony,
I purchased a duplex in port charlotte in november 2018. It was off the MLS and met the 1% rule. I reside in Miami, and can't find anything close to 1% in South Florida.
It's a buy and hold for me. So far so good. Inherited tenants, they've been communicative, keep the units in good shape and pay on time.