I own a 53 longterm rentals in Pennsylvania. Looking at buying one STR in Englewood FL. Mainly because we have family down there and would like to vacation there ourselves and possibly be "snow birds" some day.
We have our eyes on a 4 bedroom house. No HOA. Walking distance to marina and restaurant. 155k. 1k annual taxes. No pool.
Does anybody know the area? Is this a good deal?
We're looking for something at lease cash flow neutral (obviously would like to make something) that we can use in the off season and someday use several months a year ourselves.
Any thoughts? Advice? We have lots of experience in LTR but never STR. Any area specific advice? Is this a good deal?
Investor · Vestal, NY · Member since 2016 · 59 posts · 35 votes
5y
Any luck finding local REIs in Englewood FL? I have a lot of rentals in upstate NY and looking to start investing in FL. Stay there part time, rent short term otherwise.
Kingston, PA · Member since 2017 · 6 posts · 1 vote
5y
@John C. We are also in Pennsylvania getting into multi family and we’re looking for rentals in Englewood as well. We have family down in englewood and are pretty familiar with the area. DM me and we can connect if you’d like.